Tag Archives: gsp

Qld’s real gross state income surged in 2016-17 as coal prices recovered strongly

According to ABS State Accounts data released today, Queensland’s real gross state income surged 7.5% in 2016-17, the highest growth rate among States and Territories, owing to the strong recovery in coal prices during that financial year (see chart below).* … Continue reading

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Improved economic conditions may give Qld Gov’t confidence to call early election

Queensland political observers were stunned today when State Government Ministers started giving what appeared to be end-of-term wrap up speeches in Parliament, raising the possibility of an early election in September or October. With some of the Government’s recent announcements, … Continue reading

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Queensland’s economic transition since the end of the mining investment boom

According to the Brisbane Times, at the LNP state conference on Sunday, Queensland Opposition Leader Tim Nicholls was highly critical of the Government’s economic management: “…you certainly can’t create jobs or effectively manage our finances when the Queensland domestic economy … Continue reading

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Qld economy surviving, but not thriving

In his latest column, Stormy times for an economy in the doldrums, Ross Gittins refers to Queensland’s “below-par” growth in State Final Demand, one of the statistics released by the ABS last Wednesday as part of the March quarter National … Continue reading

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Upcoming Qld Treasury post-Budget briefing on Qld’s economic outlook

Today is National Accounts day, one of those four glorious days each year on which we receive the latest quarterly GDP figures for the national economy, this time for the March quarter. Alas, based on the partial indicators such as … Continue reading

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Government right to rule out fiscal stimulus

The ½ percent GDP contraction in September quarter that the ABS published last week has raised a lot of questions about the current state of the economy, and whether the Government should do more in terms of economic reform or … Continue reading

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ABS data confirm Qld economy under-performed in 2015-16

The annual gross state product (GSP) data the ABS published on Friday revealed Queensland’s lacklustre economic growth of 2% in 2015-16 (compared with 2.8% nationally) was heavily influenced by the transition at the end of the mining boom. The data … Continue reading

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