Queensland's pro-business economy
In this guide:
- Benefits of doing business in Queensland
- Queensland's pro-business economy
- Queensland Government support for business
- Land for industrial development
- Low business costs in Queensland
- Queensland's highly skilled workforce
- Queensland's reliable infrastructure
- Innovation, research and development in Queensland
- Queensland's idyllic lifestyle
- Invest in Queensland video
Queensland's pro-business economic environment and forecast growth offers investors a safe, long-term investment climate within a stable and resilient economy.
By relocating to Queensland, you will benefit from:
- a competitive tax environment
- a growing, diverse economy
- solid population growth.
About Queensland's economy
Economic indicators for Queensland
|Economic indicator||Queensland figures|
|Population (December 2014)||4.75 million|
|Population growth (year to December 2014)||1.4%|
|Gross state product (current prices, 2013-14)||$296.3 billion|
|Real gross state product annual growth (2013-14)||2.3%|
|Year-average employment growth (2014-15)||0.5%|
|Year-average unemployment rate (2014-15)||6.5%|
|Annual CPI inflation (June quarter 2015, Brisbane)||1.5%|
|International exports of goods (2014-15)||$47.0 billion|
|International imports of goods (2014-15)||$36.8 billion|
Economic growth in Queensland is forecast to strengthen to 4.5% in both 2015-16 and 2016-17, stronger than all other states. International exports will be the key driver of growth in these years as the liquefied natural gas (LNG) projects ramp up. Dwelling investment will be another important driver of Queensland's economic growth over the next few years.
Around 75% of Queensland's international exports (in nominal terms) were to Asia in 2014-15. The state's largest merchandise export destinations (by value) in 2014-15 were China, Japan, India and South Korea.
Queensland's share of Australia's exports
Reflecting our strong outwardly focused economy, Queensland was Australia's second largest international merchandise exporter (by value) in 2014-15.
New dwelling construction has increased over the past 2 years and growth is expected to remain strong in 2015-16 and 2016-17, driven by demand for the construction of medium-to-high density dwellings (flats, units or apartments).
Queensland's population is projected to double to around 9.5 million people by 2057.
Queensland percentage of employment by industry 2014-15
Source: Australian Bureau of Statistics, 6291.0.55.003 May 2015
- Last reviewed
- August 24, 2015
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