Over the past three decades, the Western Australian economy has expanded at a faster pace than nationally and faster than similarly developed economies as a whole. It is now three times the size it was in 1989-90 and accounts for 15% of the national economy.
The emergence of China as a global economic power has underpinned the strong rates of growth of the Western Australian economy over the past 30 years, but its demand for resources, and particularly iron ore, has also strongly influenced the structure of the State’s economy over the period.
The Structure of the Western Australian Economy report outlines trends in the structure of the Western Australian economy over the past thirty years – looking at trends from different angles, including production, income (wages and profits), expenditure (household spending, dwelling investment, business investment, government spending, and imports and exports) as well as inputs to production (capital and labour).
