Fastest Growing Sectors by Revenue in Australia in 2023

1. Financial and Insurance Services in Australia

Revenue Growth for 2023: 47.0%

IBISWorld estimates that the Finance and Insurance Division will generate $625.14 billion in revenue in 2008-09, which will be 1.3% higher than 2007-08. Compared to previous years, this growth is soft, which will be brought about by a drop in revenue from the finance sub-sector, and slower growth from the insurance and services to finance and insurance sub-sectors. The vast majority of revenue generated by this division is generated by the Insurance sub-division. In 2008-09, IBISWorld also estimates that:

• Industry gross product will amount to $84.21 billion, which will be 1% higher than 2007-08;
• Establishments will increase by 0.2% whilst enterprises are... Learn More

• 2. Transport, Postal and Warehousing in Australia

  Revenue Growth for 2023: 12.1%

  Market Size outlines the size of a division over the current financial year based on its key statistics and also a summary of the division's performance. Divisional Statistics In 2008-09, the Transport and Storage division will generate revenue of $100.9 billion, representing an increase of 3.2% compared 2007-08. The majority of revenue will be contributed by the Services to Transport subdivision (30.2%), followed by Road Transport (28.0%) and Air & Space Transport (19.3%). Revenue for 2008-09 will be influenced by growth in Grain Storage (I6701, up by 6.0%), Toll Road Operators (I6619, up by 7.5%) and Rail Freight Transport (I6201,... Learn More

• 3. Accommodation and Food Services in Australia

  Revenue Growth for 2023: 8.4%

  Market Size outlines the size of this division in the current financial year based on its key statistics such as revenue, gross product, enterprise and establishment numbers, export and import levels, employment numbers and wages paid. Revenue and Gross Product In 2007-08, the Accommodation, Cafes and Restaurants division will generate revenue of $47.2 billion, representing an increase of 3.8% compared to 2006-07. The majority of revenue will be contributed by Pubs, Taverns and Bars (27.6%), Cafes and Restaurants (19.5%) and Clubs - hospitality (16.9%). Throughout 2007-08, this division will generate gross product of $21.5 billion, representing an increase... Learn More

• 4. Administrative and Support Services in Australia

  Revenue Growth for 2023: 8.2%

  Market Size outlines the size of this division based on its key statistics such as revenue, gross product, enterprise and establishment numbers, export and import levels, employment numbers and wages paid. Revenue and Gross Product In 2007-08, this division will generate revenue of $58.7 billion, representing an increase of 3.8% compared to 2006-07. The largest subdivision will be Sport and Recreation, accounting for about $36.5 billion or 62.2% of total revenue. This will be followed by Motion Picture, Radio and Television with $14.2 billion or 24.2% of revenue and Libraries, Museums and Arts with $8.0 billion or 13.6%. Throughout 2007-08,... Learn More

• 5. Mining in Australia

  Revenue Growth for 2023: 7.5%

  The Australian Mining industry occupies an important place in the nation's economy. Although it is ranked tenth in size (out of the 17 industry divisions that make up the economy), and has grown more slowly than the economy as a whole over the past decade, it remains the most important export sector. The Mining industry is expected to generate revenue of about $182.7 billion in 2008-09, up from $74.2 billion in 2003-04. The large gains reflect soaring prices for a range of minerals, including oil, gas, iron ore, black coal, base metals, gold and aluminium. Industry revenue is expected to enjoy... Learn More

• 6. Electricity, Gas, Water and Waste Services in Australia

  Revenue Growth for 2023: 6.2%

  • The Australian Electricity, Gas and Water Supply industry has undergone significant restructuring in the face of the National Competition Policy and subsequent un-bundling of vertically integrated operations. In some case, restructuring also included the privatisation of assets.
  • The industry is expected to generate revenue and value added of about $57.3 billion and $22.6 billion in 2007-08 (2006-07 prices).
  • Industry revenue and value added are expected to expand by about 2.8% and 1.4% respectively in 2007-08.
  • The industry represents about 2.1% of Australia's GDP.
  • Domestic demand is equivalent to revenue, as the industry neither exports nor imports.
  • Although there are no imports or exports of electricity,... Learn More

  • 7. Health Care and Social Assistance in Australia

    Revenue Growth for 2023: 4.6%

    Market Size outlines the size of a division over the current financial year based on its key statistics and also a summary of the division's performance. Divisional Statistics In 2008-09, the Personal and Other Services division will generate revenue of $42.1 billion, representing an increase of 3.4% compared to 2007-08. During the year, the majority of revenue will be contributed by the Other Services subdivision which will account for $29.0 billion or 68.9% of total revenue. The Personal Services subdivision will rank second with $13.1 billion or 31.1% of revenue. In 2008-09, this division will... Learn More

  • 8. Information Media and Telecommunications in Australia

    Revenue Growth for 2023: 3.2%

    Market Size outlines the size of a division over the last financial year based on the division's key statistics such as revenue, gross product, enterprise and establishment numbers, employment and wages paid. Revenue and Gross Product In 2007-08, IBISWorld estimates that the Communication Services division will generate revenue of $47.42 billion, which will represent growth of 3.5% compared to 2006-07. The majority of this revenue will be contributed by the Telecommunication Services sub-division (78.1%) followed by Postal Services (12.4%) and Courier Services (9.5%). During 2007-08, this division is expected to generate value added of $28.64 billion, which will be 3.6%... Learn More

  • 9. Public Administration and Safety in Australia

    Revenue Growth for 2023: 3.2%

    Market Size outlines the size of this division for the current financial year, based on its key statistics such as revenue and gross product, enterprise and establishment numbers, employment levels and wages paid. Revenue and Gross Product In 2007-08, the Health and Community Services division will generate revenue of $92.2 billion, representing an increase of 3.9% compared to 2006-07. During the year, the Health Services subdivision will account for $74.1 billion or 80.3% of total revenue with the balance of $18.1 billion or 19.7% to be contributed by the Community Services subdivision. In 2007-08, this division will generate gross... Learn More

  • 10. Agriculture, Forestry and Fishing in Australia

    Revenue Growth for 2023: 2.9%

    Market Size outlines the size of a division over the last financial year based on the division's key statistics such as revenue, gross product, enterprise and establishment numbers, employment and wages paid. Revenue and Gross Product The majority of revenue in this segment is contributed by the Grain, Sheep and Beef Cattle farming subdivision (52.3%) and the Horticulture and Fruit Growing subdivision (13.3%). The division is expected to grow in 2007-08 due to very poor performance in 2006-07, with revenue increasing by 7.3% from $53.9 billion in 2006-07 to $57.8 billion in 2007-08. Gross product will increase 22.7% over the year... Learn More