Business Advice

Best performing industries revealed

- June 26, 2017 3 MIN READ

Data released by the Australian Bureau of Statistics (ABS) reveals the best performing industries in the last financial year. Leading the industries for income growth in 2015/16 was ‘Forestry and Logging’ and ‘Commission-based wholesaling’. In terms of profit, 79% of industries made a profit in 2015/16.

These statistics illustrate the progression of business across all industries.

Online sales

There is a consistent theme in the latest 2015/16 data showing a considerable shift from bricks and mortar stores to online and non-traditional sellers. Online sales categories showed the strongest income gains during this financial year.

Rural sector

Other dominant sectors for income growth was the rural sector – specifically forestry, fishing and agriculture.

Rural and Internet-based businesses

In fact, rural and Internet-based businesses have have been consistently strong with high income gains over the last five years.



The financial health of business in Australia has been considerably strong with almost 79% of business owners making a profit this financial year.

Industry income

In 2015/16, industry income went up 1.7% with expenses also up 1.4%.


Employment stayed steady and actually rose by 0.6% in 2015/16.

Wages and salaries

The data also revealed that wages and salaries went up by 2.9% in 2015/16.

Biggest income generators

  • Agriculture went up 11.2%
  • Rental, hiring and real estate services went up by 9.1%
  • Education and training 9.1%
  • Retail trade 4.9%
  • Mining income fell 9% (over the finanical year 2015/16)

Agriculture sector

Over the last eight years, profits in the Agriculture industry have risen on average by 15% with income growth averaging almost 7%.

Asian based consumers

Australia is successfully supplying more consumers based in Asia with high quality food, beverages and other consumer products.

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