Editorial Credit: Taras Vyshnya \ Shutterstock.com
We wanted to create a snapshot of the Australian economy. So, we decided to do some research and find the top 30 Australian companies by revenue.
Unsurprisingly, mining-related companies dominate the list, with five positions in the top 30 taken up by metal ore mining enterprises. The Big Four banks are all in the top 10 and supermarket giants Woolworths and Coles Group are in the top five.
In a particularly Australian quirk, superannuation (pension) funds are also well-represented in the top 30.
Find out who else made the list, and see which industries are driving the top end of the Australian economy.
|#1||BHP||Metal Ore Mining||The Team|
|#2||Rio Tinto||Metal Ore Mining||The Team|
|#3||Woolworths||Food Retailing||The Team|
|#4||Commonwealth Bank of Australia||Finance||The Team|
|#5||Coles Group||Food Retailing||The Team|
|#6||Westpac Banking Corporation||Finance||The Team|
|#7||ANZ Banking Group||Finance||The Team|
|#9||Wesfarmers||Other Store-Based Retailing||The Team|
|#10||Telstra||Telecommunications Services||The Team|
|#11||Qantas||Air and Space Transport||The Team|
|#12||IAG||Insurance and Superannuation Funds||The Team|
|#13||Macquarie Group||Auxiliary Finance and Insurance Services||The Team|
|#14||Lendlease Group||Building Construction||The Team|
|#15||Viva Energy Group||Petroleum and Coal Product Manufacturing||The Team|
|#16||Suncorp Group||Insurance and Superannuation Funds||The Team|
|#17||Origin Energy||Electricity Supply||The Team|
|#18||CIMIC Group||Building Construction||The Team|
|#19||Fortescue Metals Group||Metal Ore Mining||The Team|
|#20||AustralianSuper||Insurance and Superannuation Funds||The Team|
|#21||AGL||Electricity Supply||The Team|
|#22||Downer||Heavy and Civil Engineering Construction||The Team|
|#23||Metcash||Grocery, Liquor and Tobacco Product Wholesaling||The Team|
|#24||BlueScope Steel||Primary Metal and Metal Product Manufacturing||The Team|
|#25||Ramsay Health Care||Hospitals||The Team|
|#26||South32||Metal Ore Mining||The Team|
|#27||SingTel Optus||Telecommunications Services||The Team|
|#28||Hancock Prospecting||Metal Ore Mining||The Team|
|#29||Toll Holdings||Road Transport||The Team|
|#30||AMP||Insurance and Superannuation Funds||The Team|
So, that’s the top 30 companies in Australia by revenue, and the list poses some big questions, especially as we move into the post-COVID-19 world.
- How long can Australia continue to rely on mining exports to create wealth?
- Will a fraught political relationship with China mean Australia has to quickly pivot to new markets?
- Will retirement plans be the real victims of the post-COVID-crash as superannuation funds feel the pressure of a tumultuous global stock market?
We’d love to hear your thoughts, so please send them through to email@example.com.
Source: IBISWorld, Top 1000 Companies List 2019 (Australia)