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Seafood in Australia comes from local and international commercial fisheries, aquaculture and recreational anglers. [1] It is an economically important sector, and along with agriculture and forestry contributed $24,744 million to Australia's GDP in year 2007–2008, out of a total GDP of $1,084,146 million.
CSIRO Salmon cages. Australia's aquaculture industry has an annual value of more than $600 million and is expanding at the rate of 20% per year. Aquaculture in Australia is the country's fastest-growing primary industry, accounting for 34% of the total gross value of production of seafood.
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The fishing industry includes any industry or activity that takes, cultures, processes, preserves, stores, transports, markets or sells fish or fish products. It is defined by the Food and Agriculture Organization as including recreational , subsistence and commercial fishing , as well as the related harvesting, processing , and marketing ...
For its land-size, Australia has a low diversity of native freshwater fish with only 281 described species. [1] This is largely because Australia is a very dry continent with sporadic rainfall and large areas of desert. There is a higher diversity of salt water fish. The most common freshwater fish are: Murray cod; Australian bass; Other ...
The farming of cultured pearls remains an important part of the Kimberley economy, worth A$67 million in 2014 and is the second largest fisheries industry in Western Australia after rock lobster. [ 4 ]
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Australia is the world's largest producer of wool. [48] The Australian wool industry was worth $3.6 billion in 2022. [49] The total number of sheep is estimated to be 75 million. [48] In the late 1980s, the sheep flock was 180 million. [50] Only 5% of Australia's wool clip is processed onshore. [49]