What is the main industry in Victoria?

What is the main industry in Victoria?

Victoria’s retail sector is world renowned and famous for its fashion, food and bars, while its transport distribution, logistics and postal sectors are central to the state’s economic success.

What makes Victoria’s economy?

Victoria is Australia’s largest supplier of premium food and fibre products. In 2018-19, the state’s total food and fibre exports accounted for 27 per cent of Australia’s food and fibre exports.

What is Melbourne’s biggest industry?

Professional, Scientific & Technical Services is Melbourne’s largest employment sector, supporting an estimated 83,503 jobs.

What manufactures Victoria?

Building on a long tradition in automotive, aerospace, defence, metal, food, chemical and general manufacturing, Victoria continues to be the epicentre of Australian manufacturing.

What is Melbourne best known for?

Melbourne is the cultural capital of Australia, known for its music, art centres and museums, and celebration and expression of art. It has been ranked, year after year, the most ‘livable city’ and it’s not hard to see why.

What is Victoria’s biggest export?

Victoria’s total food and fibre exports were valued at $14.5 billion in 2019–2020. This is up two per cent on the previous financial year: Meat is Victoria’s largest value export at $4.7 billion up 14 per cent on the previous year.

How much does Victoria contribute to the Australian economy?

Victoria’s Gross State Product (GSP) is estimated at $467.876 billion. Victoria represents and 23.6% of Australia’s Gross Domestic Product (GDP) of $1.985 trillion .

Which fresh foods make the greatest contribution to Victoria’s economy?

Meat and dairy were Victoria’s highest export earners, accounting for 44 per cent of the total value of the state’s food and fibre exports. Highlights of the Report include: Meat exports were up 33 per cent to $3.1 billion, making the industry the state’s highest valued export.

What are the main employment industries in Melbourne?

An analysis of the jobs held by the resident population in Greater Melbourne in 2016 shows the three most popular industry sectors were: Health Care and Social Assistance (253,107 people or 12.0%) Retail Trade (214,141 people or 10.1%) Professional, Scientific and Technical Services (191,291 people or 9.0%)

What is Melbourne’s economy like?

Melbourne’s Gross Regional Product (GRP) is estimated at $97.082 billion. Melbourne represents 26.3% of Greater Melbourne’s Gross Regional Product (GRP) of $369.058 billion , 20.7% of Victoria’s Gross State Product (GSP) of $467.876 billion , and 4.9% of Australia’s Gross Domestic Product (GDP) of $1.985 trillion .

How many businesses are in Victoria?

According to the ABS, there were 604,379 small businesses (fewer than 20 employees) in Victoria in June 2018, the first time Victorian small business numbers have exceeded the 600,000 mark.

What does trade and investment do for Victoria?

Trade and investment. Invest Victoria and Global Victoria – including the global network of over 20 Victorian Government Trade and Investment offices – lead the Victorian Government’s strategy to increase the state’s export opportunities as well as attract international business investment to Victoria to create Victorian jobs and grow…

What does the manufacturing and Industry Development Fund mean for Victoria?

Over the next three years the $60 million Manufacturing and Industry Development Fund will help to build Victoria’s sovereign manufacturing capability by providing grant support to Victorian businesses in key growth sectors across the state.

What is trade facilitation Victoria?

We are the Victorian Government’s premier trade facilitation agency and the state’s gateway to global communities and economies. We build the skills and capabilities of Victorian businesses and champion their interests on the world stage.

What is global Victoria’s Export Strategy?

Global Victoria and the Jobs, Innovation and Business Engagement group lead the Victorian Government’s strategy to increase the state’s export opportunities and develop key sectors to create Victorian jobs and drive economic growth.