Target: Queensland is Australia's strongest economy, with infrastructure that anticipates growth
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Economic growth rate
This chart compares Queensland's economic performance with the rest of Australia. Economic performance is shown as gross state product, annual percentage change and chain volume measures.
Source: Office of Economic and Statistical Research, Queensland Treasury, Queensland State Accounts, updated quarterly. Note: Economic growth estimates are subject to revision following the incorporation of updated data or the adoption of improved methods. The baseline represents available data when Q2 was released on 8 September 2008. The baseline growth figure for 2006-07 of 5.9 per cent has since been revised to 5.2 per cent as a result of ABS revisions to data. The 2008-09 figure is a preliminary financial year growth estimate.
Consistent with national and global trends, Queensland's economic growth has slowed.
Current economic growth figures for Queensland show that the state's economy grew by 1.4 per cent in 2008-09, which is higher than the 1.3 per cent growth for the rest of Australia. This growth rate is better than the 0.5 per cent growth forecast in the Queensland State Budget (2008-09). Queensland's growth is forecast to climb back above the national figure by 2010-11.
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Progress toward the target
Reports
Media releases
Case studies
Queensland's Green Army
The $57 million Green Army program is creating up to 3000 jobs over three years. The program will create traineeships and work placements that will enhance the State's natural assets, strengthen its tourism industry and promote increased environmental awareness.
Water security
The Queensland Government is working on a variety of infrastructure projects that provide jobs for Queenslanders and secure vital services for today's and future generations. The South East Queensland water grid will provide safe, secure and efficient water services for South East Queensland.
Improved public transport
The recent opening of the $198 million Northern Busway and the $366 million Eastern Busway is ensuring Queenslanders have access to infrastructure that anticipates growth including reliable public transport. These dedicated corridors have taken more than 7000 buses a week off the road, further reducing traffic congestion.
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More information
Useful links
Last updated Friday, August 13, 2010
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