Queensland's pro-business economy

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 (June 2015) 4.78 million
Population growth (year to June 2015) 1.42%
Gross state product (current prices, 2014-15) $305.4 billion
Real gross state product annual growth (2014-15) 0.5%
Year-average employment growth (2015) 0.9%
Year-average unemployment rate (2015) 6.3%
Annual CPI inflation (December quarter 2015, Brisbane) 1.7%
International exports of goods (2014-15) $47.0 billion
International imports of goods (2014-15) $36.8 billion

Economic growth

Economic growth in Queensland is forecast to strengthen to 4% in 2015-16 and 4.5% in 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.

Exports

Around 75% of Queensland's international exports (in nominal terms) were to Asia in 2015. The state's largest merchandise export destinations (by value) in 2015 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 2015.

Dwelling investment

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). 

Population

Queensland's population is projected to increase to around 8 to 11 million people by 2056.

Queensland percentage of employment by industry 2015Chart of Queensland employment by industry

Source: Australian Bureau of Statistics, 6291.0.55.003 November 2015

Related links

Last reviewed
February 19, 2016

Content under review

Our investment information is currently being reviewed. For more information, visit www.tiq.qld.gov.au.

Contact

Investment enquiries +61 7 3514 3147

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