How much is the superannuation industry worth in Australia?

Superannuation assets totalled $3.4 trillion at the end of the March 2022 quarter. Over the 12 months from March 2021 there was a 9.7 per cent increase in total superannuation assets.

What is Australia’s biggest contributor to GDP?

services sector
In 2020, agriculture contributed around 2.01 percent to the GDP of Australia, 25.46 percent came from industry, and 66.28 percent from the services sector. The same year, the Australian inflation rate, another important key indicator for its economic situation, amounted to 0.89 percent.

Which component of investment spending was the largest in Australia in 2015 16?

In 2015-16 the industries with the largest shares of current price Gross value added (at basic prices) were Financial and insurance services (9.5%), Construction (8.7%), Healthcare and social assistance (7.3%), Professional, scientific and technical services (6.6%) and Manufacturing (6.6%).

How big is AustralianSuper fund?

$244.9 billion
AustralianSuper remains the biggest fund on both counts, with assets worth $244.9 billion (up 29% in a year, and 2,468,216 members (up 4% in a year).

How much Australian superannuation is invested overseas?

AustralianSuper’s head of equities, Justin Pascoe, said the fund had invested $80 billion – about one-third of the fund’s assets – in international equities. “Investing internationally on equity markets gives our members exposure to sectors such as technology that are less represented on the ASX,” said Mr Pascoe.

How much of Australia’s GDP is from mining?

10.4%
Mining is Australia’s single largest sector The most striking statistic is that mining remains Australia’s largest sector by share of total national GDP, with the ABS reporting that the industry was responsible for 10.4% of national GDP between 2019 and 2020.

How much superannuation is invested in Australia?

AU$3.5 trillion
As of 30 March 2022, Australians have AU$3.5 trillion invested as superannuation assets, making Australia the 4th largest holder of pension fund assets in the world.

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