Economy

The Queensland economy offers investors a sound, safe long term investment climate. Queensland has the added advantage of being positioned in an extremely stable and resilient country. In 2009, Australia's economy ranked as the third most resilient in the world to economic cycles (2009 IMD World Competitiveness Yearbook).

The State's population is predicted to grow to 6 million (22.2 per cent of Australia's total population) by 2026 (Australian Bureau of Statistics, Catalogue no. 3222.0, September 2008). The Australian Bureau of Statistics forecasts Queensland to become Australia's second largest state by 2050.

Queensland's economic environment

Queensland economic fast facts

• Economic growth in Queensland is expected to slow to 0.5 per cent in 2008-09, with the economy forecast to contract by 0.25 per cent in 2009-10 before returning to growth in 2010-11 (Queensland Government Budget 2009-10).
• Queensland's population was estimated at over 4,349,500 by 31 December 2008 (20.1 per cent of the Australian population).  In the four quarters to December 2008, Queensland's population grew by 2.5 per cent or over 106,740 persons, with around 34 per cent due to natural increases, 20 per cent from net interstate migration, and 47 per cent from net overseas migration. 

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