List of Australian states and territories by gross state product

Last updated

This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year. All the data was taken from the Australian Bureau of Statistics website.

Australia Country in Oceania

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. It is the largest country in Oceania and the world's sixth-largest country by total area. The neighbouring countries are Papua New Guinea, Indonesia and East Timor to the north; the Solomon Islands and Vanuatu to the north-east; and New Zealand to the south-east. The population of 25 million is highly urbanised and heavily concentrated on the eastern seaboard. Australia's capital is Canberra, and its largest city is Sydney. The country's other major metropolitan areas are Melbourne, Brisbane, Perth and Adelaide.

States and territories of Australia first-level subdivision of Australia

The states and territories are the first-level administrative divisions of the Commonwealth of Australia. They are the second level of government in Australia, located between the federal and local government tiers.

In macroeconomics, Aggregate Demand (AD) or Domestic Final Demand (DFD) is the total demand for final goods and services in an economy at a given time. It is often called effective demand, though at other times this term is distinguished. This is the demand for the gross domestic product of a country. It specifies the amounts of goods and services that will be purchased at all possible price levels.

Contents

States and territories by GSP per capita

State or territoryGSP per capita
(A$, 2016–17)
GSP per capita growth
(2016-17)
GSP per capita as a
ratio to national
Flag of the Northern Territory.svg Northern Territory 103,76331.495
Flag of the Australian Capital Territory.svg Australian Capital Territory 92,4362.89%1.332
Flag of Western Australia.svg Western Australia 90,799-3.32%1.308
Flag of New South Wales.svg New South Wales 71,5411.34%1.031
Flag of Victoria (Australia).svg Victoria 63,9000.90%0.921
Flag of Queensland.svg Queensland 63,2120.30%0.911
Flag of South Australia.svg South Australia 59,2851.56%0.854
Flag of Tasmania.svg Tasmania 55,0560.53%0.793
Flag of Australia.svg Australia (GDP)69,4020.41%1.000

States and territories by GSP growth and share of national economy

State or territoryShare of National Economy
(%, 2016-17) [1]
GSP
(million A$, 2006–07)
GSP
(million A$, 2016–17)
Annual Growth Rate
(2016-17)
Flag of New South Wales.svg New South Wales 32.97%439,358556,2332.87%
Flag of Victoria (Australia).svg Victoria 23.58%314,260425,5793.33%
Flag of Queensland.svg Queensland 18.24%243,422330,8671.77%
Flag of Western Australia.svg Western Australia 13.78%158,440200,256-2.68%
Flag of South Australia.svg South Australia 6.02%85,723108,9922.17%
Flag of the Australian Capital Territory.svg Australian Capital Territory 2.22%27,49646,1414.65%
Flag of Tasmania.svg Tasmania 1.69%24,65131,1851.11%
Flag of the Northern Territory.svg Northern Territory 1.50%18,12630,0463.95%
Flag of Australia.svg Australia (GDP)100.00%1,305,3321,729,2971.96%

States and territories by population growth

State or territoryPopulation [2]
(March 2007)
Population
(March 2017)
National population share
(%, March 2017)
Annual Growth Rate
(2016-17)
Comparison as multiple of
(March 2007 vs. March 2017)
Flag of New South Wales.svg New South Wales 6,815,3597,837,70931.98%1.60%1.150
Flag of Victoria (Australia).svg Victoria 5,134,0746,290,67425.66%2.43%1.225
Flag of Queensland.svg Queensland 4,084,5314,907,60820.02%1.56%1.202
Flag of Western Australia.svg Western Australia 2,093,6332,575,97010.51%0.72%1.230
Flag of South Australia.svg South Australia 1,567,2061,720,9538.30%0.60%1.098
Flag of the Australian Capital Territory.svg Australian Capital Territory 340,544409,1411.67%1.78%1.201
Flag of Tasmania.svg Tasmania 492,625520,1012.12%0.60%1.056
Flag of the Northern Territory.svg Northern Territory 212,372244,9901.00%0.14%1.154
Flag of Australia.svg Australia 20,742,81724,511,773100.00%1.61%1.182

States and territories by comparison between SFD and GSP

State or territorySFD [3]
(million A$, 2014-15)
GSP
(million A$, 2013-14)
Surplus / deficit
Flag of New South Wales.svg New South Wales 486,482487,63726,115
Flag of Victoria (Australia).svg Victoria 370,504343,819−9,603
Flag of Queensland.svg Queensland 313,889295,142−19,981
Flag of Western Australia.svg Western Australia 214,230256,18842,625
Flag of South Australia.svg South Australia 100,73895,199−2,288
Flag of the Australian Capital Territory.svg Australian Capital Territory 58,83235,566−22,309
Flag of Tasmania.svg Tasmania 28,20724,905−2,726
Flag of the Northern Territory.svg Northern Territory 31,94121,205−7,728
Flag of Australia.svg Australia (DFD)1,604,8231,559,6624,107

Historical gross state product (since 1989–90)

New South Wales State of Australia

New South Wales is a state on the east coast of Australia. It borders Queensland to the north, Victoria to the south, and South Australia to the west. Its coast borders the Tasman Sea to the east. The Australian Capital Territory is an enclave within the state. New South Wales' state capital is Sydney, which is also Australia's most populous city. In September 2018, the population of New South Wales was over 8 million, making it Australia's most populous state. Just under two-thirds of the state's population, 5.1 million, live in the Greater Sydney area. Inhabitants of New South Wales are referred to as New South Welshmen.

Victoria (Australia) State in Australia

Victoria is a state in south-eastern Australia. Victoria is Australia's smallest mainland state and its second-most populous state overall, thus making it the most densely populated state overall. Most of its population lives concentrated in the area surrounding Port Phillip Bay, which includes the metropolitan area of its state capital and largest city, Melbourne, Australia's second-largest city. Victoria is bordered by Bass Strait and Tasmania to the south, New South Wales to the north, the Tasman Sea to the east, and South Australia to the west.

Queensland North-east state of Australia

Queensland is the second-largest and third-most populous state in the Commonwealth of Australia. Situated in the north-east of the country, it is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean. To its north is the Torres Strait, with Papua New Guinea located less than 200 km across it from the mainland. The state is the world's sixth-largest sub-national entity, with an area of 1,852,642 square kilometres (715,309 sq mi).

See also

Economy of Australia national economy

The economy of Australia is a large mixed-market economy, with a GDP of A$1.69 trillion as of 2017. In 2018 Australia became the country with the largest median wealth per adult. Australia's total wealth was AUD$8.9 trillion as of June 2016. In 2016, Australia was the 14th-largest national economy by nominal GDP, 20th-largest by PPP-adjusted GDP, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter, the 103rd quarter and marked 26 years since the country had a technical recession.

Median household income in Australia and New Zealand

Median household income is commonly used to measure the relative prosperity of populations in different geographical locations. It divides households into two equal segments with the first half of households earning less than the median household income and the other half earning more.

Related Research Articles

Gross domestic product market value of goods and services produced within a country

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.

Northern Territory federal territory of Australia

The Northern Territory is an Australian territory in the central and central northern regions of Australia. It shares borders with Western Australia to the west, South Australia to the south, and Queensland to the east. To the north, the territory looks out to the Timor Sea, the Arafura Sea and the Gulf of Carpentaria, including Western New Guinea and other Indonesian islands. The NT covers 1,349,129 square kilometres (520,902 sq mi), making it the third-largest Australian federal division, and the 11th-largest country subdivision in the world. It is sparsely populated, with a population of only 246,700, making it the least-populous of Australia's eight states and major territories, with fewer than half as many people as Tasmania.

South Australia State of Australia

South Australia is a state in the southern central part of Australia. It covers some of the most arid parts of the country. With a total land area of 983,482 square kilometres (379,725 sq mi), it is the fourth-largest of Australia's states and territories by area, and fifth largest by population. It has a total of 1.7 million people, and its population is the second most highly centralised in Australia, after Western Australia, with more than 77 percent of South Australians living in the capital, Adelaide, or its environs. Other population centres in the state are relatively small; Mount Gambier, the second largest centre, has a population of 28,684.

Western Australia state in Australia

Western Australia is a state occupying the entire western third of Australia. It is bounded by the Indian Ocean to the north and west, and the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Australia is Australia's largest state, with a total land area of 2,529,875 square kilometres, and the second-largest country subdivision in the world, surpassed only by Russia's Sakha Republic. The state has about 2.6 million inhabitants – around 11 percent of the national total – of whom the vast majority live in the south-west corner, 79 per cent of the population living in the Perth area, leaving the remainder of the state sparsely populated.

In economics, the GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year. GDP stands for gross domestic product, the total monetary value of all final goods and services produced within the territory of a country over a particular period of time.

Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. Mode income is the most frequently occurring income in a given income distribution.

Crime in Australia is managed by various law enforcement bodies, the federal and state-based criminal justice systems and state-based correctional services.

This is a table of the total federal tax revenue by state collected by the U.S. Internal Revenue Service.

While beginning in the United States, the Great Recession spread to Asia rapidly and has affected much of the region.

As a direct result of the late 2000s recession, some economies in Africa have been primarily affected by reduced global demand and lower prices of commodities such as oil, platinum, nickel, gold, and copper. South Africa was the first African country to fall in recession. Other countries like Morocco and Egypt, which benefited from their previous high economic growth experienced a great decline due to the global economic crisis without falling in recession.

Economy of Oklahoma

The economy of Oklahoma is the 29th largest in the United States. Oklahoma's gross state product (GSP) is approximately $185.6 billion as of December 2016.

The Great Recession in South America, as it mainly consists of commodity exporters, was not directly affected by the financial turmoil, even if the bond markets of Brazil, Argentina, Colombia and Venezuela have been hit.

The electricity sector in Australia is historically dominated by coal-fired power stations, but renewables are forming a rapidly growing fraction of supply.

References

  1. "Australian National Accounts: State Accounts, 2016-17". Australian Bureau of Statistics. 17 November 2017. Archived from the original on 17 November 2017. Retrieved 17 December 2017.
  2. "Australian Demographic Statistics, June 2004". Australian Bureau of Statistics . Retrieved 15 June 2015.
  3. "State Final Demand, 2014-15) Financial Year". Australian Bureau of Statistics . Retrieved 15 June 2015.