The agricultural industry makes a significant contribution to Australia’s national GDP. The average value of agricultural commodities produced in Australia over the past five years was AU$44 billion (2007-08 to 2011-12). This excludes the significant downstream contribution of over AU$100 billion from marketing, refinement and processing.
30 year trend in total value of Australian agricultural production, 1981-82 to 2010-2011
Notwithstanding seasonal variations in crop yields, the value of agricultural production has grown at fairly consistent average annual rate of approximately 4.5% since the early 80s. During that time the total value of agricultural production has more than doubled, with average annual production in the last decade being 131% higher than in the 80s.
Trends in total value of Australian agricultural production by sector, 1980-81 to 2009-10
Crop production has grown more rapidly than livestock, with the average annual production value of crops over the last decade being 172% higher than in the 80s, compared to a rise of 97% for livestock. Crops now account for over 57% of agricultural production value and livestock and animal products for 43% (2010-11 figures).
Australian agricultural commodities by production value, 2010-11 (AU$48,674 total production value)
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