Thursday, May 30, 2024

Report reveals wine industry economic contribution

A report commissioned by Wine Australia reveals that the Australian wine industry contributes more than $40 billion to the local economy.

According to the report, the Australian wine sector – defined as wine grape growing, winemaking and wine-related tourism – supports 172,736 full- and part-time jobs, most of which are in regional Australia, and delivers $40.2 billion to the value of gross output to the Australian economy.

Andreas Clark, CEO of Wine Australia, welcomed the clear evidence of the wine sector’s contribution to the Australian economy.

“Wine is a unique, high-quality product created in Australia’s 65 wine regions by highly skilled wine grape growers and winemakers,” he said.

“The wine sector brings together agriculture, sophisticated production and tourism. It is pleasing to see that wine-related tourism accounts for 15.8 million domestic visitor nights and 44.2 million international visitor nights. An integral part of Australia’s tourist offering, wine-related tourism contributes $9.2 billion to the economy.”

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