This graph illustrates The proportion of Automotive & Finance Industries which contributed to Australia’s GDP (Gross Domestic Product) from 2012 to 2020.
Overall, it is apparent that the finance industry had the highest contribution to the country while the automotive industry was the least significant contributor for Australia.
To begin, in 2012, the finance sector started at 6%, whereas the automotive industry accounted for 4% of the total GDP. During the next 4 years, the finance sector still led as the greater supporter for national GDP rather than the vehicle manufacturer. In addition, the financial business remained stable between 2014 and 2016 which was at the level of 7-8%. Meanwhile, automotive manufacturing grew slightly from around 6% to almost 7%, respectively.
Furthermore, the finance sector showed a significant impact to the income of the country in 2018 which made up to 12% and roughly 15% in 2020. In contrast, the motorcars industry experienced a slight increase from around 7% to 8% in the same years.
