Financial services exports increased in last five years

Financial services may be well hyped as an export growth story, but few firms are selling their wares on foreign shores.

Australian Bureau of Statistics data released yesterday shows there were just 76 financial services exporters in 2013/14. However, the value of financial services exports rose to A$2.83 billion - an increase of $670 million on the previous year.

It was the fifth consecutive year the value of the financial services exports increased. Over the five years between 2009/10 and 2013/14 it rose $1.7 million.