Australian Bureau of Statistics
8668.0 - Accounting Practices, Australia, 2001-02
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/05/2003
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Accounting profession employs 81,000 people
Accounting practices in Australia employed 81,000 people and earned $7,700 million in income during 2001-02, according to figures released today by the Australian Bureau of Statistics (ABS). Accounting practice activity accounted for 0.8% of total Australian Gross Domestic Product (GDP) for 2001-02.
Over two-thirds of the 9,860 accounting practices were sole proprietor/principal businesses. On average, these businesses employed 3.5 people, (including the proprietor), comprising 1.7 practising accountants and 1.8 other staff. Sole proprietor practices employed 29% of all accounting practices workers, and accounted for 19% of the total income earned. Their average income was $217,100.
At the other end of the scale, the largest practices (those with 20 or more principals or partners) employed an average of 1,824 people each, or 1,263 practising accountants and 561 other people. They earned an average income of $278m per practice.
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This page last updated 8 December 2006