Tag Archives: abs

How the Qld economy has changed in recent decades

Posted on February 26, 2024 by Gene Tunny

The state and national economies have experienced similar trends by industry since 2000. The big changes have been the 2-3x increase in the mining sector’s importance since China’s economic growth started significantly influencing the global economy in the early-2000s (Figure … Continue reading →

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The Queensland Economy Post-Palaszczuk

Posted on December 30, 2023 by Gene Tunny

Summary Given its strong potential, the Queensland economy should be doing much better than it is, particularly regarding its business and housing investment levels. Furthermore, the state has not had the rebound in manufacturing that Palaszczuk suggested at her final … Continue reading →

Posted in Industry policy, Macroeconomy | Tagged , , , , , | 2 Comments

Qld economic outlook talk at Phil Di Bella’s Coffee Commune this Friday 19 May

Posted on May 16, 2023 by Gene Tunny

The big economic question for 2023 is how much the Australian economy will slow down in response to interest rate increases, regarding which we should expect more to come. Queensland’s economy will benefit from a high-performing mining sector, but there’s … Continue reading →

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Remarkable turnarounds for Townsville, Mackay, and Cairns

Posted on September 3, 2022 by Gene Tunny

In my upcoming Brisbane Club presentation on Tuesday, one chart I’ll show is of selected Queensland regional unemployment rates, highlighting how the economic recovery generally and a booming mining sector have translated into some extraordinarily low unemployment rates in some … Continue reading →

Posted in Cairns, Labour market, Mackay, Townsville | Tagged , , , , , | Leave a comment

Qld gaining nearly 1,000 people per week from interstate – new yearly (50k) & quarterly (19k) records

Posted on June 28, 2022 by Gene Tunny

It’s been an extraordinary day of news for Queensland today, with:  a) record net interstate migration over a twelve-month period of just over 50k, and record quarterly net interstate migration of 19k in December quarter 2021, revealed in the ABS’s … Continue reading →

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Qld hospitality sector has had stronger recovery than NSW and Victorian sectors

Posted on June 20, 2022 by Gene Tunny

Earlier this month, Queensland Airports boss Amelia Evans was reported by the Courier-Mail as saying that travel was bouncing back strongly. Queensland Airports operates the Gold Coast, Townsville, Mount Isa, and Longreach airports, so Ms Evans would have a good … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , | 2 Comments

Qld & Australia exporting lower volumes but earning more, due to higher coal and iron ore prices

Posted on June 19, 2022 by Gene Tunny

The pandemic and China’s trade restrictions have no doubt had some adverse effects on commodity volumes exported from Queensland, but super high commodity prices, associated partly with the war in Ukraine, have more than offset those impacts when it comes … Continue reading →

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Japan is Qld’s top export destination once again, but only by a small margin

Posted on June 18, 2022 by Gene Tunny

Thanks to the Japanese Ambassador for highlighting that Japan has overtaken China to return to being the top destination for Queensland exports, as Japan was for several decades prior to 2013 (see the chart below including data up to April … Continue reading →

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Qld has outperformed rest of Australia this decade so far

Posted on June 17, 2022 by Gene Tunny

The May Labour Force data released by the ABS yesterday confirmed Queensland has outperformed the rest of Australia over the last couple of years. My view is that this is due to a range of factors including a surge in … Continue reading →

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Super-high coal royalties to help address Qld hospitals crisis

Posted on May 27, 2022 by Gene Tunny

As I predicted earlier this month (see John McCarthy’s 13 May InQld article), the Queensland Government will be boosting health spending in the upcoming budget to deal with the hospitals crisis, and to a large extent it’s able to do … Continue reading →

Posted in Budget, Labour market, Macroeconomy | Tagged , , , , , , | 2 Comments