The bar chart presents the percentage of Australian GDP constituents from finance and automotive domains between 2012 and 2020.
Overall, the proportion of GDP from automotive and finance markedly increased over the period, with the former rose more moderately than the later. GDP gaps between these two sectors witnessed a gradual shrank before the year of 2016 – from which year point, the percentage of GDP from finance surged throughout to 2020, while the percentage of GDP from automotive rose comparably slightly.
At the beginning of the period, the percentage of GDP from Finance stood at above 6%. This figure was 2 percentages more than that originated from the Australian automotive sector. In the next four years, GDP gaps between Australian automotive and finance domains shrank, each accounting for around 7% and just under 8% respectively, by 2016.
It is worth mentioning that the proportion of GDP coming from the finance sector in Australia skyrocketed, reaching to 12% in 2018, and then peaking at just over 14.2% by 2020; Whereas the percentage of GDP grew moderately in automotive domain, levelling off at 8% by the end of the examined period.
