Economy
Western Australia is widely regarded as the engine-room of the Australian economy. It has consistently out-performed other State economies for the last decade.
According to Access Economic's Investment Monitor (July 2006), the value of projects under construction in Western Australia now stands at $23.3 billion (its highest ever total since the monitor was first published in 2001).
Recent initiatives to further drive economic growth include tax cuts worth $1.2 billion over five years, a massive $18.1 billion building program over four years and new measures to further diversify the Western Australian economy.
Recent ABS figures show that the value of Western Australian exports is the highest in the nation, more than double that of Victoria and significantly higher than New South Wales (NSW) and Queensland (Qld).
The nominal value of Western Australian exports was $45.7 billion in the 12 months to May 2006 - a huge 19.5 per cent higher than a year earlier.
In the same period, Western Australia showed a $27.2 billion trade surplus, compared with a national trade deficit of $16.7 billion. NSW recorded a trade deficit of $37.7 billion and Victoria a trade deficit of $29.6 million, while Qld recorded a surplus of $10.1 billion.
Western Australia's world-class infrastructure and strong economic outlook have created a dynamic business environment, attracting record levels of investment and generating positive employment growth.
With all this good economic news, you can expect a better future in Western Australia. We're investing in big projects and our state needs your skills to get them started and keep them going.
