8622.0 - Retail and Wholesale Industries, Australia, 2005-06
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/08/2007
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Australia's retailers generated $292.3 billion in income while wholesalers generated $354.2 billion during 2005-06, according to figures released today by the Australian Bureau of Statistics (ABS).
Retailers employed 1,230,000 people - 31% in food retailing. Wholesalers employed 509,000 people.
The retail and wholesale industries contributed almost 11% to the nation's economy.
The 157,000 retailers reported an operating profit before tax of $13 billion (or $83,300 per business), representing an operating profit margin of 4.5%.
The retail industry was predominantly small businesses with most (96%) owner-operated or employing fewer than 20 people. These businesses generated 34% of retail income and an operating profit before tax of $5.7 billion.
In contrast, the just over 600 businesses employing 100 or more people and accounting for only 0.4% of all retail businesses in Australia, generated nearly 45% of all income. The operating profit before tax of these businesses was $5.3 billion.
States and territories:
In addition, Australia's 84,900 wholesalers had an operating profit before tax of $16.3 billion (or $192,300 per business).
Further information can be found in Retail and Wholesale Industries, Australia, 2005-06 (cat no. 8622.0) and Retail and Wholesale Industries, Australia: Commodities, Australia (cat no. 8624.0)
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