Regional Insights

Australia’s NSW has the largest economy, contributing approx 33% to the nation’s GDP. The key driving sectors in NSW are finance, tourism and manufacturing. Sydney, the capital of NSW, is a booming financial hub and known as one of the most promising international gateway. With more than 8 million of population, the region generates revenue from agriculture, tourism and IT sectors. The state’s renowned developments, including the Sydney Harbour Bridge and transport network supports and foster economic growth in the long run.

Melbourne, the capital city of Victoria, contributes around 25% to the national GDP. The state’s economy is booming in manufacturing, finance and education sectors. However, the leading contributor is Innovation and Technology sector. Victoria has become one of the most thriving regions with a total population of over 6.5 million people. Agriculture sector also plays a pivotal role in the overall regional development. As of now, Victoria is expected to invest in infrastructure projects and smart city programs to boost economic growth and quality of life.

Did you know that Queensland contributes around 20% to Australia’s GDP? The region is known for its tourism, mining and of course agriculture sectors. The economy majorly generates from its natural resources, such as natural gas and coal- key export contributors. When it comes to the population, Queensland has more than 5 million of people and is experiencing growth in its innovation and technology sectors. Agriculture sector is one of the major industries with key productions of beef, tropical fruits and sugarcane. In the past few years, Queensland has emerged as one of the sustainable regions in Australia.

South Australia shares around 6% to the total GDP of Australia, and key industries are manufacturing, mining and agriculture. Adelaide, the capital city, is renowned as the defense and aerospace hub spot. The state is also known for its premium wine production, retail stores and agriculture initiatives. South Australia has a population of 1.7 million people and homeowners have been investing in wind and solar power projects to support sustainability.

Western Australia contributes approx 11% to the nation’s GDP and is a key player in the mining and resource sector. It has the largest mining sectors with huge production of iron ore, natural gas and gold. The capital city is Perth and renowned as a key area for the resources industry. The state has a total population of more than 2.8% million and offers high-end infrastructure facilities, employment opportunities and business prospects. When it comes to golden grains, Western Australia comes on the top as it produces a huge amount of wheat, livestock and barley.

Tasmania, also known as the island state of Australia, shares approx 1.5% to the overall GDP. The region has one of the booming tourism sectors- thanks to natural wonders, lush-green wildlife parks, and well-preserved historic sites. The state’s economy is supported and fostered by agriculture, with significant production of wool, dairy products, and seafood, particularly salmon. The state is also focusing on sustainable practices and renewable energy projects, aiming to leverage its natural resources while preserving its unique environment.