Economic rankings Australian states 2010
Western Australia has beaten other states to become the best performing economy in Australia
according to the latest CommSec state and territory economic rankings. The ACT had held the
mantle over the past two quarterly surveys but it is clear that Western Australia has now fully
shrugged off the effects of the global financial crisis, underpinned by a strong job market and
rising demand for resources.
South Australia is the ‘quiet’ performer, with strong population growth underpinning solid commercial and
engineering construction. But middle-ranking unemployment is restraining momentum in the housing and retail
sectors.
To check out the full report go here thanks to comsec
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