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Total income

Last updated 9 December 2021

Figure 11 shows the trend in total income by industry segment over the past five years. Table 2 summarises this data. Total income was $2,184.5 billion in 2019–20, an increase of 2.6% on the prior year.

Banking, finance and investment and the insurance segments have seen declines in total income over the last two year, whilst the other sectors have experienced moderate growth.

Figure 11: Total income by industry segment over five years

This column graph shows the trend of total income over five years from 2015–16 to 2019–20, by industry segment (banking, finance and investment; insurance; manufacturing, construction and agriculture; wholesale, retail and services and mining, energy and water). With the exception of the banking, finance and investment segment which dropped slightly in 2016-17 and again in 2018-19 and 2019-20 and the insurance segment which dropped in 2016–17 before increasing and dropping again in 2019-20, the total income across all other industry segments has steadily increased. This graph also shows that aggregate total income has increased over the five years.

Table 2: Five-year trend of total income by industry segment ($b)

Industry segment

2015–16

2016–17

2017–18

2018–19

2019–20

BFI

312.9

269.7

292.0

284.6

283.6

ISR

122.6

116.2

122.3

132.7

130.9

MCA

300.8

301.1

332.2

336.1

345.9

WRS

795.1

824.2

881.7

932.9

955.7

MIN

312.4

336.8

371.1

442.4

468.3

All industry segments

1,843.8

1,848.1

1,999.3

2,128.7

2,184.5

QC67484