Speaking at the Financial Standard Chief Economists Forum, Toth said healthcare in Australia employs more people than any other industry - currently up to about 13% of the workforce.

"Education and healthcare are more than 20% of our workforce and they're growing. That's where the employment growth is coming from," Toth said.

Toth acknowledged the economic headline numbers for Australia are okay "but they're not great." She said the theme is still "lower and slower" for many of Australia's economic measures.

She said healthcare probably would not benefit too much from the low and potentially declining Aussie dollar, but it didn't matter because the industry was rapidly growing anyway.

Toth added about two-thirds of businesses in the manufacturing and services area have told the Australian Industry Group that "they're expecting better sales in 2016 and better conditions for their own business."

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