Australia is unique in that it is remote…really remote. Such a vast country has a relatively small population, and this impacts the types of industries that are doing well. The country has a strong economy on a generally upward trend, so what are some of the industries driving things?
Many of the things on our list are those you might already have some idea of, but some of the business types that are so popular and successful in the area could surprise you. In a modern era, we have a global community and industries can crop up a lot more quickly than once was the case, but the Land Down Under has some businesses established for hundreds of years.
Entertainment
Aussie entertainment is incredibly popular and making its way around the world in numerous ways and some Australian shows are really popular in Europe and the US. In the UK, Home and Away and Neighbours were famous shows that existed for decades and were watched by millions.
Australia’s culture is quite similar in some ways to that of the UK, and it’s not a huge surprise that the Brits have taken to some of their pastimes and shows. Online casino games are another place where the two populations meet and have similar interests. Slot games are referred to as online Pokies in Australia, stemming from the video poker game that was a way for individuals to play a poker-themed game on a console.
Pokies are available to play online in Australia with some variations available, too, and new takes on the game.
In the entertainment industry, we’re also seeing more films made in Australia and places like the Outback used for a lot of different filming purposes. All this helps to turn Australia into a globally known entertainment powerhouse.
Statista tells us that the revenue from Entertainment apps in Australia is expected to show an annual growth rate of 9.96% in the coming years which will end in a projected market volume of US$1.17bn by 2027, this is made up of a number of other industries but mainly incorporates things like movies and music.
Mining
When people think of Australian industries, mining might quickly pop into their heads as the industry has helped the Land Down Under to grow, and not many industries have been so popular for so long, but Australia is a mining country. The country is super rich in resources and the source of very valuable commodities like gold, plus the country’s vast outback is home to some of the largest mines, and lots were unexplored for a long time.
Take iron ore, for instance. Western Australia’s Pilbara region is renowned for its massive iron ore deposits and loads of companies work in this field, the Fortescue Metals Group extracts millions of tons of iron ore each year, supplying global markets and driving the economy.
Australia produces a lot of coal, even though it is an industry people are keen to rely less on – Australia is one of the top exporters in the world, with major mines in numerous locations, another older industry that helps Australia to have a secure export market, along with gold – Gold is something that people associate with the country of Australia as it is the second-largest producer of gold globally.
Wine
Wine is an industry linked to climate and Australia’s tends to be ideal for growing certain varieties.
Areas like the Barossa Valley in South Australia are among the most famous, and it is known for its bold Shiraz, this region is home to some of the oldest vineyards in the world. Names like Penfolds and Jacob’s Creek have become synonymous with wine sold all over the globe.
Elsewhere in Victoria, the Yarra Valley is celebrated for its cool-climate wines, particularly Chardonnay and Pinot Noir, and it is also a stunning place to visit so it is really big for wine tourists.
These are examples but not the only wine regions in the country, there are many places where wine is the backbone of the regional economy.
Tourism
Despite being tough for a lot of people to reach, Australia is super popular for tourists and has some “bucket list” destinations that a lot of people love to explore. Unsurprisingly, The Great Barrier Reef is undoubtedly one of the crown jewels of Australian tourism. This natural wonder attracts millions of visitors who come to snorkel and explore, and the efforts to preserve the reef are crucial, ensuring it remains a stunning attraction for future generations – some areas of the reef are recovering now due to human intervention.
Getting around Australia is pretty easy, too, and more modern travelers are driven to the country due to its acceptance of crypto and other modern tech. Brisbane airport incorporated Bitcoin terminals and plenty of locations in the country are crypto-forward to make travel easier.
Sydney, with its iconic Opera House and Harbour Bridge, is another major draw. As well as the amazing location, there are beautiful beaches in the area. Activities like climbing the Harbour Bridge and enjoying a performance at the Opera House mean no shortage of things to do.
Australia has a lot of industries besides these of course, but when you think of exports, they’re massive on things like mining and gold, while also building a place so many people wish to visit.