Businesses in Australia

"This year should end with Australia having 2.1 million active trading businesses, generating a GDP of almost $1.7 trillion, revenue of $5.0 trillion and employing 12.1 million persons. The exhibit below shows the key statistics associated with the nation’s businesses.

More than one in five households own a business. We are not quite a nation of capitalists, although nearly all households own shares in businesses directly or via their superannuation.

Averages can be deceiving, but the average business is around 12 years old, is in a service industry (70.0% of the nation’s GDP), has a revenue of $2.3 million, employs six people, and is currently growing revenue at around 3.0% pa in a slow-growing economy with no inflation." Read more

IbisWorld 6 July 2016

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