All Australian households were $14,800 better off in 2020 thanks to nation’s mining industry, according to a report commissioned by the Minerals Council of Australia.
The analysis by the Centre for International Economics (CIE) compares the state of the Australian economy with and without the expansion of mining.
MCA chief executive Tania Constable says Australia’s mining industry has experienced strong expansion this century.
“Strong mining production and exports – made possible by unprecedented investments – have delivered substantial increases in wages and household income to all Australians over the past decade.”
The CIE’s report also estimates that households would benefit from another $11,673 by 2030 if a modest productivity reform agenda was implemented.