The class consists of units of foreign governments mainly engaged in governmental service activities such as the provision of consular or diplomatic services.
This class also includes representatives of joint foreign government organisations mainly engaged in the provision of administrative services. The Industry M8130 - Foreign Government Representation in Australia ranks 447 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy. Capital/labour intensity is low and the uptake of new technology is medium.
The industry's globalisation level is high and the trend is steady. The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover.
The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.
The trend for exports is steady and for imports it's steady.
The level of regulation is heavy and steady and government assistance is insignificant and steady. This industry is forecast to have a low average annualised growth rate over the next five years.
A full analysis of each of the above conditions and more is available in every IBISWorld industry report!