Apr 27, 2011

Our fiscal props: financial services and mining

Quick - what's the biggest sector of the Australian economy? The answer reveals a lot about what's happened since 2001, and what will happen in the next recession.

Bernard Keane — Politics editor

Bernard Keane

Politics editor

As part of an irregular series on illustrating what the Australian economy actually looks like, I devoted yesterday to mucking about on Twitter putting together ABS and ATO data on shares of GDP, employee numbers and company tax take for each major industry.

The Australian economy a decade ago still gave prominent place to manufacturing, out of the eight biggest industries:

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One thought on “Our fiscal props: financial services and mining

  1. John Bennetts

    Was it Hitchhiker’s Guide to the Galaxy which included a spaceship called the B Ark.

    The story line is that this ship was loaded up with the management consultants, hairdressers and toenail polishers of the planet and shot off into space. Those on board thought that they were the lead party of a recolonisation project, fleeing a doomed Earth.

    In truth, the Earth was in no danger – it had ejected its detritus.

    Australia more and more resembles the B Ark.

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