WA Economy and Global Comparisons
Western Australia (WA) is becoming the powerhouse of the Australian economy, fuelled by a thriving resources sector. The Department of Industry and Resources (DoIR) supports the resources sector and other industry sectors including biotechnology, information and communication technologies, telecommunications, shipbuilding and manufacturing. DoIR encourages investment in WA and facilitates the State’s economic development through services to industry that help ensure the State is an attractive place to live and do business.
Global Comparisons
The Australian Bureau of Statistics (http://www.abs.gov.au/) provides a wealth of information on national and international comparisons with Western Australia.
Graphic Presentation of WA's Value to the Economy
A presentation on the value of WA's economy is provided in the right hand panel.
The presentation provides information on the following:
- Gross State Product (GSP) Per Capita for 2006-07, current dollars
- Western Australian Annual Output Growth Change in Chain Volume GSP and GDP
- Western Australian Total Factor Income (contribution to GSP) By Industry 2006-07
- Employment By Industry Sector
- Commodity Price Index
- RBA Non-Rural Commodity Price Index
- Changes in Average Annual Prices from 2005-06 to 2006-07
- Australian to US Dollar Exchange Rate
- Australian Terms of Trade
- Consumer Price Index
- Unemployment and Participation Rates
- Industrial Disputes Days Lost Per 1000 Employees
- Global Growth Rates (Real GDP)
- Capital Expenditure: Western Australia and Australia
- State Share of Total Australian Merchandise* Exports
- Total Australian Merchandise* Exports by state, 2006-07 Financial Year
- Western Australian Merchandise* Exports Total Value $60.52 Billion, 2006-07
- Total Australian Merchandise and Services Exports by state, 2006-07 Financial Year
- The Western Australian Resources Sector Vital for the Economy
- Employment in the Resource Sector
- Direct Employment in the Western Australian Resources Sector
- Mining Investment
- Construction Industry Implicit Price Deflators
- Western Australian Mineral and Petroleum Sales Total Value $53.4 billion, 2006-07
- Western Australian Petroleum Exports 2006-07 - Total Value $10.6 billion
- Western Australian Iron Ore Exports 2006-07 - Total Value $15.3 billion
- Increasing Value of Western Australia’s Resource Production - A$ Million
- Value of Western Australian Resource Production 2005-06 versus 2006-07
- Western Australian Mineral and Petroleum Royalties 2006-07, Total Value $2.093 Billion
- Western Australian Royalties as a Share of State Revenue
- Western Australian Mineral and Petroleum Royalties Receipts
- Western Australian and Australian Mineral Exploration Expenditure
- Australian Mineral Exploration Expenditure and Metres Drilled
- Western Australian Mineral Exploration Expenditure and Implied Metres Drilled
- Western Australian and Australian Petroleum Exploration Expenditure
- Western Australian Resources Production
- Western Australian Value of Resources Production
- Value of Resources Production by Regional Development Area 2006-07, Total Value $53.4 billion
- Selected Western Australian Commodities Relative to World Production (by quantity) 2006
- Western Australian Value of Selected Commodities
- Western Australian Share of World Production for 2006 (by quantity)
State Economic Review
Business News’ third annual State Economic Review comes during a continuing period of prosperity for Western Australia (WA), courtesy to a large extent of China’s accelerating economic growth. Demand for WA commodities, along with rising prices, have fuelled growth in government revenues, in the form of taxation and mining revenues, driving the surplus to another record level.
The State Economic Review and links to further information on WA's and Australia's economy are provided in the right hand panel.
