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The true state of Queensland’s economy – without the spin

Professor Fabrizio Carmignani, of the Griffith University Business School, provides an overview of the state of the Queensland economy in an article in The Conversation, 13.1.15):

‘In terms of Gross Domestic Product (GDP) growth in aggregate and per capita (meaning per person), the Queensland economy is broadly in line with the Australian average. Only Western Australia and Northern Territory appear to clearly outperform the Sunshine State.

But data on Gross Domestic Income (GDI) show that Queensland is well below the Australian average. In particular, GDI per-capita in Queensland has decreased by 1% between June 2013 and June 2014. This is the second largest decline in the entire country.’

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