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NSW CONTINUES TO DRIVE THE NATIONAL ECONOMY

Image result for NSW CONTINUES TO DRIVE THE NATIONAL ECONOMYNSW has reinforced its status as the nation’s economic powerhouse by generating more than half of the growth in Australia’s domestic economic activity over the past financial year.

 

ABS figures released today show NSW, which has less than one-third of the national population, contributed more than 53 per cent of the nation’s average annual growth in domestic final demand in 2016-17.

 

The quarterly results showed that State Final Demand in NSW increased by 3.3 per cent in the 2016-17 financial year, the third consecutive financial year it has been above NSW’s long-term average growth rate of around three per cent.

 

Treasurer Dominic Perrottet said the persistent strength in our state’s Read more..

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