Employment by industry sector - international
Australia is predominantly a services economy. The largest proportion of businesses and workers in Australia are engaged in services.
According to the OECD, more than three-quarters of national employment in 2012 was in services, reflecting Australia's strengths in the knowledge-intensive finance, ICT and business and professional services industries, which are concentrated in Sydney.
New South Wales (NSW) is Australia's leading services state, and dominates the nation's:
- financial and insurance services
- professional, scientific and technical services
- information media and telecommunications
- tourism-related accommodation and food services, and
- arts and recreation services industries.
Services (including construction and utilities) accounted for 86% of the value of industry output in New South Wales in 2012-13. NSW also dominates Australia's services exports, accounting for a 40% share in 2012-13.
Globally, the diverse and high-value services sector contributes more to economic growth and job creation than any other. The competitiveness of NSW' services sector is supported by a diverse, highly skilled and motivated workforce.
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- Industry comprises mining, manufacturing, utilities and construction
- Singapore data for industry includes agriculture
- 2011 data
Source: OECD Main Economic Indicators, 2013 as cited in The IMD World Competitiveness Yearbook, 2013, Switzerland, www.imd.ch/wcy