Factsheet #5, September 2014
Indicates no change from FACTSheet #5, September 2014 Indicates an increase from FACTSheet FACTSheet #5, September 2014 Indicates a decrease from #6, March 2015 FACTSheet #5, September 2014 Introduction Gross state product The Economy 1 • Western Australia’s This latest Fact Sheet contains merchandise exports rose 8% Population growth 2 a snapshot of key facts relating in volume terms in 2013-14. to the current performance of This was the largest contributor Labour market 2 Western Australia and its capital to GSP growth ahead of Perth. Industry sector employment 2 household consumption up 2% and dwelling investment up Annual business investment 2 It draws on data from a range 11%. of sources, including FACTBase • Business investment fell 11% in Quarterly business investment 2 reports, government departments volume terms in 2013 -14. and media sources and will be • Merchandise exports are Iron ore and LNG prices 2 updated regularly. expected to rise by an annual Major minerals and petroleum 3 average of 6% between 2014- sale by value 15 and 2017-18, offsetting falling The economy1 business investment over the Iron ore and LNG sales outlook 3 period. by volume Western Australia’s gross state Industry contribution 3 Exports 3 product (GSP) was $265 billion in 2013-14, contributing 17% • Mining made the largest of Australia’s gross domestic Merchandise trade 3 industry contribution to GSP product (GDP). GSP per capita growth in 2013 -14, with real Major trading partners 3 was $103,770, 53% higher than value added rising 11%. the national average of $67,932. • Other industry sectors Major iron ore export markets 3 The state’s share of national by volume contributing to GSP growth population was 11.0% or 2.57 included agriculture, forestry million people in the March Iron ore exports 3 and fishing up 59%; non- quarter 2014, and is projected by market industries – including the Australian Bureau of Statistics Major iron ore exporting ports 4 public administration and (ABS) to rise to 12.2% (3.32 million) LNG sales 4 safety; health care and social by 2022-23.
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