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Economic Performance of Australia’s Cities and Regions draws on research by SGS and data from the annual Australian Bureau of Statistics (ABS) Australian National Accounts: State Accounts (Cat. No. 5220.0). The Australian Bureau of Statistics (ABS) Australian National Accounts: State Accounts (Cat. No. 5220.0) publication provides estimates of economic activity for each state and territory on an annual basis. Since the last release of Economic Performance of Australia’s Cities and Regions in December 2018, the Australian Bureau of Statistics (ABS) has issued a new set of National and State Accounts (Cat. No. 5220.0). The ABS data contains a set of historical revisions, where the annual data is revised through the time series back to 1989-90.
Economic development is measured in terms of income and employment as well as improvements in education, health, culture, community wellbeing and the environment. Our research methodology recognises that economic development is a continuous process of growing an area's level of income and capital and how this income and capital are distributed among the community
This report estimates of economic activity for each major capital city along with the regional balance of each state. These statistics provide improved insights into the relative economic performance of each of Australia’s major capital cities Sydney, Melbourne, Brisbane, Adelaide and Perth, and the regional balance of each state, the Northern Territory, Tasmania and the Australian Capital Territory. Detailed Statistical Area 32 data provides a more comprehensive understanding of the economic performance at the small area level. Importantly, these statistics highlight the challenges facing Australia’s cities and regions. This year’s publication does not include a productivity analysis; we will release this analysis in a separate report in 2020.
During the early 1980s, the economic structure of Australia was reasonably homogeneous. Examining economic statistics at the national level would have provided reasonable insight into the conditions across Australia.
Since this time, the Australian economy has evolved and become complex. The rise of knowledge-intensive services, differentials in government policy and investment, the resources construction boom and bust, the declining competitiveness of manufacturing and other changes have created a fragmented economy.