Smaller States Lead Growth Rate: Abs

< BACK TO STATISTICS starstarstarstarstar   People - Statistics Press Release
17th December 2009, 02:35pm - Views: 958







December 17, 2009

Embargo: 11.30am (AEDT)

103/200



Smaller states lead growth rate: ABS 


Tasmania, South Australia and the ACT each showed Gross State Product growth of 1.4% last

financial year, exceeding the national Gross Domestic Product growth rate of 1.1%, according to

figures released today by the Australian Bureau of Statistics (ABS).


All Australian states and territories have shown positive economic growth in 2008-09, with growth

in remaining states varying between 0.2% in New South Wales and 0.8% in Victoria.


All states were positive contributors to Australia's Domestic Final Demand growth in 2008–09. The

strongest growth was in Northern Territory (up 7.9%), Western Australia (up 3.3%) and South

Australia (up 2.5%). Growth in these three states was driven by strong private business

investment. All other states experienced growth in State Final Demand at or below that of national

Domestic Final Demand growth of 2.1%.


Growth in industry Gross Value Added terms was generally lead by the larger state industries. For

example, Western Australia, Queensland and the Northern Territory all experienced growth in

mining, and the Australian Capital Territory showed strength in public administration and safety.

Whereas states such as New South Wales, Victoria, South Australia and Tasmania had growth

tempered by declines in the finance and insurance services, manufacturing, and construction

industries, reflective of the national movement in 2008-09.


More details are available in the 17 December 2009 release of Australian National Accounts: State





FURTHER INFORMATION

Media requests and interviews

Corporate Communications 1300 175 070










When reporting ABS data, the Australian Bureau of Statistics (or ABS) must

be attributed as the source






news articles logo NEWS ARTICLES
Contact News Articles |Remove this article