Country Report Australia October 1996 Main report

Economy: States' growth varies markedly

The growth in gross state product (the state equivalent of GDP) during the second quarter ranged from a high of 3.9% for Queensland to a low of minus 3.1% for the Australian Capital Territory (real terms, seasonally adjusted). Western Australia's economy expanded by 1.1%. The two states with the largest economies, New South Wales and Victoria, recorded growth of 0.3% and a contraction of 0.2% respectively.

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