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Construction in Australia: ISIC 45

Australia construction industry, the main driver of the economy over the last ten years


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2014-04-02 05:31:01 - Construction in Australia: ISIC 45 - a new market research report on companiesandmarkets.com

With A$319 billion in turnover in 2010, the construction industry was a major driver of activity in the Australian economy over the past 10 years, stimulated by strong government spending and injections of Common wealth funds in recent years.

At the end of the review period the industry generated 6.7% of Australian GDP and captured 9.4% of total government spending. Increasing longevity and lower birth rates were the two most important demographic factors affecting this industry over the review period of 2000-2010. This was especially visible in public investment in infrastructure, with higher demand for aged care facilities and lower needs for schools.

At the same time population growth and more people living on their own also stimulated demand for housing and

 

 

surrounding infrastructure: the development of new suburbs created need for roads, reticulated water and health facilities.

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