Australian Growth

Just been going through the GSP growth for the various Australian states. The data tells a real story of two Australias. The data I am using is seasonally adjusted state final demand, which is similar to our GDP or economic growth.

• Western Australia 14.5%
• Queensland 7.5%
• Victoria 2.7%
• South Australia 2.3%
• NSW 1.9%
• Tasmania -0.8

It would be worth remembering those massive differences when certain politicians bemoan the fact Australia’s growth is higher overall than in NZ, yet oppose New Zealand undertaking the activities that are fuelling the boom in WA and Queensland.