Tag Archives: qld

National Electricity Market malfunction of June 2022: my latest podcast episode

One of the biggest challenges facing advanced economies is maintaining reliable and reasonably priced electricity as we decarbonise to combat climate change. This year we’ve seen some ominous signs that this may not go well. The war in Ukraine has … Continue reading

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Qld Gross State Product was up 22% in dollar terms in 2021-22

Hidden in a note to its economic forecasts table in the state budget was the extraordinary estimate from Queensland Treasury that, in nominal dollar terms, the state economy expanded 22% last financial year, 2021-22 (see the chart below based on … Continue reading

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

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’s bolshie budget – my latest thoughts

Reading the Courier-Mail’s latest state budget reporting, quoting Cameron Dick as a self-proclaimed Robin Hood Treasurer, it’s clear the state government no longer gives a damn what business thinks. It’s gone full-on economic populist with its royalties hike ($1.2bn over … Continue reading

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Qld state budget: thanks for the billions coal miners, now pay us even more

As I’ve been forecasting for months now, the Queensland state budget is in much better shape than the state Treasury forecast back in December. Higher royalties, stamp duty, and other taxes helped deliver a $1.9 billion operating surplus in 2021-22 … Continue reading

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

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

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

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

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

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

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

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