Structural change in the Australian economy

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17 September 2010Over time, the structure of the Australian economy has gradually shifted away from agriculture and manufacturing towards services, with the mining industry growing in importance recently and conomic activity shifting towards Queensland and Western Australia. This paper tracks the rate of change and composition.

Changes in the structure of the economy have been driven by a range of factors including rising demand for services, the industrialisation of east Asia, economic reform and technical change. In recent years, the rate of structural change appears to have increased, driven by the rise in resource export prices and mining investment.

Publication typeJournal Article
Publisher TypeGovernment or Gov agency
CoverageAustralia
Permanent URLhttp://apo.org.au/node/22627
Views2367

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