ANZ Bank research shows that Queensland is continuing to perform well on most economic indicators, however the demands placed upon the state’s financial performance and infrastructure continues to be sorely tested by its population growth.

The report states:
“Queensland is also doing well, with economic growth averaging 5¼% pa over the past four years and expected to continue at close to 4½% pa over the remainder of the decade.

"Queensland has generated nearly one-third of all of the new jobs created in Australia over the past two years, despite having less than one-fifth of the population; and its unemployment rate, traditionally above the national average, is now just below it at 5.0%.

"Yet when Queensland’s rapid population growth is taken into account, its economic performance is distinctly less impressive than WA’s.”

View the report in full below.

ANZ Bank Report 2006 (pdf - 146.9 kb) How the ‘resources boom’ is redistributing activity around Australia – but that’s not all.