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$35.5bn in wages: Australia’s finance industry in a snapshot

Jessica Yun
<em>(Photo: Getty)</em>
(Photo: Getty)

Australia’s financial services industry makes up a whopping 10 per cent, or around $140 billion, of the country’s GDP.

And with the banking Royal Commission shaking up the sector, the strength and resilience of the sector is of vital importance to the nation.

It brings in $202 billion in revenue, with a profit $57.2 billion.

The financial services industry, made up of 38,889 businesses, is responsible for paying $35.5 billion worth of Aussie wages.

According to IBISWorld, here’s a snapshot of Australia’s finance sector:

(Source: IBISWorld)
(Source: IBISWorld)

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