Australia’s ‘five strong pillar’ economy: agriculture

Agriculture has always been and is likely to remain for some time, an important component of the Australian economy. While agriculture contributes just 2.3% of GDP, its diminishing importance is not the result of any reduction in output but rather to the growth in manufacturing and the service-based sectors of the economy.

Today, more than 307,000 people are employed in agriculture. Agriculture is the biggest employer in rural and regional communities, but if we consider all those employed in the input and output sectors, food manufacturing and processing, distribution and retail, agriculture provides employment for more than 1.6 million Australians.

via Australia’s ‘five strong pillar’ economy: agriculture.

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This entry was posted in economy.

One comment on “Australia’s ‘five strong pillar’ economy: agriculture

  1. Those were interesting statistics.

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