Major Industries In Australia

Familiar Australian industries has more to offer for those who are interested to start a business or search a job in Australia.

Over the years Australia has both been called 'lucky place' and 'country of plenty'—and while those who follow these loving monikers are likely to use them for the beautiful scenery and sun-drenched skies of the region, the same can be said for the economic environment of the nation. In fact, Australia has provided a solid economic base for building an abundance of valuable natural resources and a close proximity to South Asia, the most rapidly growing regional economy.
Listed below are several major Australian industries that should be familiar to everybody who is interested in starting a business or searching job in Australia.

The key industries of Australia are:

• The Financial sector
• The Business Consulting sector
• The Metals and Mining sector
• The Energy and Utilities sector
• The Healthcare sector

1. The Financial sector - The "Big Four" dominates Austria's financial sector: Commonwealth Bank (CBA), Westpac (WBC), National Australia Bank (NAB) and Australia New Zealand Banking Group (ANZ). According to Global Finance (LINK SOURCE), all four are among the top 30 Safest Banks of the world by November 2017. Thus, in a frail global banking environment, these institutions represent an extremely valuable asset. Financial industry remains the major contributor to the national economy and will continue to be a major driver of future economic growth.
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2. The Business Consulting sector - Many major business consultancy firms are based in Australia and several other domestic organizations provide assistance and consultation to small and large businesses. Following the GFC, the strategy and management agencies are vital for any business seeking to expand as the global economic shift towards Asia is taking place.
According to the Financial Review, the Australian consultancy industry is the worlds highest in comparison to national earnings, with heavy competition from the public sector and a deep wish of businesses to improve their international operations. Australian consultancy companies can be classified into 4 categories:

• Consulting  on Business strategy and General business
• Consulting on human resources
• Consulting on information technology
• Consulting on sustainable development

Many global consultancies established in Australia are: IBM, Oracle, Accenture, Boston Consulting Group, Ernst & Young, Deloitte and McKinsey. There are numerous domestically established and high-end consultancies, including Nous Group, Pacific Strategy Partners and Port Jackson Partners, competing together with these major transnational players. A number of smaller, independent strategic advisory firms fund SMEs.

3. The Metals and Mining sector - The metal and mining industry has long been a crucial part of the economy of Australia – many economists have attributed the GFC progressively exact weather to the mining boom in part – with over 700 companies working in exploration, development and production of minerals in 100 countries being the largest. The mining industry remains the largest. 

Mining Forms Industries:

• Mining of Black Coal
• Mining of Brown Coal
• Production of oil and gas
• Mining of Iron Ore
• Mining of bauxite
• Mining of Copper Ore
• Mining of Gold Ore
• Mining of mineral sand
• Mining of nickel ore​​
• Mining of Uranium

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• Mining of Zinc, Silver and Lead
• Mining of Manganese Ore
• Gravel, mining of sand quarry
• Clay mining, Rock, Limestone
• Gem Stone Mining, Diamond
• Mining of salt
• Exploration of Petroleum
• Exploration of Minerals
• Services Mining

​Although the government has marked the end of the mining boom in 2018, the industry remains an important part of the growing economy in Australia.
 
4. The Energy and Utilities sector - Australia has excellent energy reserves and has large natural resource deposits such as coal, uranium, oil and gas. While the public policy has tended to decline to watch more of the nation powered by renewable, there is still a "renewable energy” boom, leading to more jobs and more business opportunities in the industry. 

5. The Healthcare sector - Australia's health care industry is the fourth largest contributor to GDP, and in a 2017 commonwealth fund report, it has been ranked second in the developed world. Nevertheless, the country, particularly in regional areas, is plagued by a lack of nurses. Therefore, nurses in Australia are in high demand. Also you can learn about requirements of being a nurse in Australia. Keep connected with us for more updates.

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