Agribusiness is forecast to be one of the growth industries.
Agribusiness is forecast to be one of the growth industries. Think Stock

Predictions for highest job growth sectors

WHETHER you're just starting out on your career, looking for a change of direction, or even counting down the years until retirement, it's important to know that your chosen industry will have long-term job demand.

There's little point in taking on a new role if the entire sector is on wobbly ground.

To that end, professional services firm Deloitte has predicted what it sees to be the 25 highest growth sectors in our national economy over the next two decades.

With mining continuing to slow, Deloitte sees gas, agribusiness, tourism, international education and wealth management as the industries most likely to collectively match the 10% of GDP previously sourced from mining.

Gas is somewhat obvious, given our proximity to Asia and the rapid population growth in the region, and the ensuing demand for fuels.

Co-author of Deloitte's study, Chris Richardson from the Deloitte Access Economics division, said both new domestic opportunities and continued growth in Asia will fuel future economic and employment growth.

"Our future prosperity will come from a more diversified spread of sectors, enabling Australia to remain the fastest-growing developed Western nation in the world in the coming decade," Mr Richardson said.

Outside the five sectors highlighted above, the report also found strong growth potential in industries positioned well to benefit from increasing health costs and our ageing population.

"That includes obvious candidates (residential aged care, retirement living and leisure, community and personal care, and preventative health and wellness), but also the digital delivery of health (this nation already delivers healthcare to remote Australia well - think of the Royal Flying Doctor Service - but new manufacturing technologies will combine with new markets to generate new potential for digital delivery more generally)," the report says.

An aging population also means an aging workforce, which in itself will create new employment opportunities.

At the other end of the spectrum, Deloitte says that increasing birth rates and parents' understandable desire to see their children receiving high quality education may well result in a surge in teaching and education roles, particularly in private schools.



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