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While there's certainly anecdotal evidence of beer's contribution to the economy, it hasn't always been clear how much wealth the drink actually creates for Australia.

A report by ACIL Allen Consulting for the Brewers Association of Australia, however, has confirmed that beer production supports over 143,000 Australian jobs and generates $16.9 billion a year in economic activity to account for 1.02% of GDP.

In addition, 95 per cent of all beer sold in Australia is made locally.

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According to Brewers Association CEO Brett Heffernan, every Australian schooner of beer sold in pubs and other licensed premises contributes $6.24 to GDP, while its off-license equivalent in packaged liquor store beer sales contributes $2.73 to GDP.

“The complete 2015-16 data on beer and taxes is also compelling,” he said.

“Australian beer drinkers poured almost $3.8 billion into government coffers – that’s $2 billion in excise and $1.78 billion in GST.

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“Australian Government tax is the single biggest ingredient in the cost of a beer.”

The full ACIL Allen report is titled Economic Contribution of the Australian Brewing Industry from Producers to Consumers 2018.