How are the various States performing economically?
Each quarter Commsec looks at 8 key indicators to see how each States economy is performing.
Last quarter Tasmania was the best-performing economy taking into account all the indicators, with ACT at #2.
Population growth is clearly an important driver of the broader economy, especially retail spending and housing demand.
The state with the fastest absolute annual population growth is now Queensland (up 1.58 per cent).
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Next strongest is Victoria (up 1.49 per cent), Western Australia (up 1.47 per cent) and ACT (up 1.13 per cent).
Victoria’s annual population growth of 1.77 per cent is the slowest rate in nine years and the NSW population growth is the slowest in 13½ years.