BRW --- Page: 24 : 29 March 2007 Original article by Phil Ruthven
ABIX Summary
The Australian economy grew by an average of 3.3 per cent per annum in the five years to December 2006. This compares with an average of 3.5 per cent per annum over the past 100 years, and there is every likelihood that its growth over the next five years will be on par with its historical average. Of Australia's 17 industry sectors, construction recorded the most growth over the five years to December 2006, achieving 9.7 per cent per annum real growth. Agriculture, although recording negative growth of 0.8 per cent per annum over the period as a consequence of the drought, was the most productive sector over the five year period.
