Strong Queensland - Infrastructure
2020 target: Queensland is Australia's strongest economy, with infrastructure that anticipates growth
Measure: economic growth rate (source: Office of Economic and Statistical Research, Queensland).
Lead agency: Queensland Treasury
Current economic performance
In 2008-09 Queensland recorded economic growth of 0.8%, with the rest of Australia marginally ahead at 1%.
Strong economic growth has been supported by:
- a booming population – Queensland’s population grew by a solid 2.6%, compared to the rest of Australia’s growth at 1.8%.
- record numbers of people in work – there are 570,000 more people employed today than there were 10 years ago
- strong productivity growth – our average labour productivity growth has surpassed Australia and the OECD average in the 10 years to 2005
- world demand for our resources – exports have doubled over the past 10 years to $42 billion
- record infrastructure investment – the government's budgeted capital program has more than tripled from $5.3 billion to $18.2 billion between 2003-04 and 2008-09.
Share your ideas
What can you, your region, your business or industry do to create a stronger economy for Tomorrow's Queensland? Share your ideas
Last updated Tuesday, February 23, 2010
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