How big is the construction industry in Australia?
Construction in Australia is the third largest industry in the country due to the number of people it employs annually, and this is reflected in the GDP (Gross Domestic Product) of the country.
This Industry focuses on the construction, demolition, renovation, maintenance, or repair of any type of infrastructure, whether residential or commercial and covers an innumerable number of services related to activities required, from land preparation to final finishes on internal and external structures. The construction industry generates more than $360 billion in revenue a year. According to the AISC (Australian Industry and Skills Committee), it has a projected annual growth rate of 2.4% over the next five years.
Employment Level and Projection
According to the Australian Industry and Skills Committee, in the next 5 years Construction Industry is growing up as the pictures show: