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Invest in Queensland
Queensland's pro-business economic environment and forecasted growth offers investors an ideal safe, long-term investment climate.
Queensland is positioned in an extremely stable and resilient country:
- IMD World Competitiveness Yearbook (2011) ranked Australia's economy as the second most resilient in the world to economic cycles
- Dun & Bradstreet (2010) ranked Australia alongside Canada, Switzerland and Norway, as the safest and most secure destination for foreign investment in the world.
The Queensland economy benefits from significant State Government infrastructure spending, strong mining, agriculture, energy and resources sectors, and continuing population growth.
Business investment is expected to recover from natural disasters in 2010-2011 and accelerate further in 2011-12. This return to headline growth will be driven by further investment in mining, the developing LNG industry and business and residential reconstruction.
Queensland's economic fast facts:
| Economic indicators | Queensland |
|---|---|
| Popuation | 4.5 million |
| Population growth | 1.7 per cent |
| Gross State Product | A$255 billion |
| Economic growth Unemployment rate |
2.3 per cent 5.3 per cent |
| Inflation | 3.6 per cent |
| Exports of goods and services | A$52.1 billion |
| Imports of goods and services | A$38.6 billion |
- Queensland's economy outperformed most advanced economies in 2009-10, recording growth of 2.3 per cent
- Queensland's economy will grow at a faster rate than any other state in Australia over the next two years
- Queensland's economic growth in 2011-12 is forecast at 5 per cent, the fastest growth in five years
- Queensland has had the highest long-term average economic growth rate over 20 years of any Australia state and territories
Business investment:
- business investment in Queensland in 2011-12 is forecast to surge by a nation leading growth of 27.75 per cent
Exports:
- Queensland's export volumes are forecast to grow at a decade high rate of 10 per cent in 2011-12
- 75 per cent of Queensland's exports are into Asia. In 2009-10 our largest merchandise exports markets in value were to Japan, China, India, South Korea and Taiwan
- Queensland is Australia's second largest trading state by value
Population growth:
- Queensland's population is projected to double in population to around 9.1 million people by 2056
- Queensland is projected to replace Victoria as Australia's second most populous state in 2050.
More information
For more information, please view the Queensland Treasury's Queensland in the 21st Century.