The Makings of a Boom

The mining boom during the period of the mid-2000’s-2013/2014 was a major contributor to Australia’s economy, accounting for more than 6% during the peak. Some of the more interesting figures from this time are:

187,000 people were directly employed by mines, with 600,000 more employed in support roles and a general uplift in employment figures across every industry.
$18B was generated in wages and salaries.
$21B in tax and royalties were paid.

Australia’s mining boom had a particularly powerful effect on WA, Australia’s largest and most mineral rich state. WA earned more than $300B from exports to China from 1988-2013, a large portion of that coming during the mining boom years.

mining boom infographic

Original source of infographic found here.

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