Australia Quarterly Gross State Product

Diversification of the economy has been a long-held ambition of a succession of Western Australian Governments of all political persuasions. We even have a current strategy called Diversify WA. This is not the first such strategy and almost certainly not be the last. The Western Australian Government’s COVID-recovery strategy has diversification of the economy as

A few weeks ago the Australian Bureau of Statistics (ABS) published the June quarter 2021 Australian National Accounts: National Income, Expenditure and Product (Cat. No. 5206), which means we can update the Practical Economics quarterly Australian State and Territory Gross State Product (GSP) series. We’ve been very busy on our day job so not only are we a bit

A couple of weeks ago the Australian Bureau of Statistics (ABS) published the March quarter 2021 Australian National Accounts: National Income, Expenditure and Product (Cat. No. 5206), which means we can update our quarterly Australian State and Territory Gross State Product (GSP) series. Our day job has been a bit busy so we’ve taken a

We don’t forecast anymore at Practical Economics. We learned the hard way that we were not very good at it. Nevertheless, State and Territory Treasuries must undertake the unenviable task of reading the tea leaves. Growth in real (constant price) Gross State Product (GSP) is a key measure of the health of a State or