10 Statistics Defining The Australian Construction Industry

Australia’s construction industry is one of the largest growing sectors in the country, with commercial work expected to increase by 9.3% in 2018 alone. With such rapid growth, the industry will continue to demand a larger share of the overall GDP, employ more people, and contribute to the larger economy of Australia. 

Alpha Force listed 8 statistics that provides valuable insights into the state of the sector today and what we can expect in the years ahead. 

• Australia’s population is growing by 1.6% every year
• Urban areas of Australia account for 50% of the nation’s population
• Australia’s construction industry comprises 8% of the GDP
• Total construction work continues to rise by 2% each quarter
• Productivity in the sector is increasing by 2.8% annually
• 1.1 Million people are employed in construction
• Construction software helps the market as a whole save $25B a year
• Prefabricated construction expected to grow by 5% every year  

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