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Economy of Western Australia

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farm output includes barley, peas, wool, lamb and beef. There is a high level of overseas demand for imports of live animals from WA, driven mainly by South East Asia's feedlots and Middle Eastern countries, where cultural and religious traditions and a lack of storage and refrigeration facilities favour live animals over imports of processed meat. Approximately 50% of Australia's live cattle exports come from Western Australia. The state maintains the list of, and imposes particular handling requirements for,
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against a national average growth rate of 4.3%. In addition, nights stayed by international visitors was up 5.6% (+3.8% nationally), with a 22% increase in international business visitors (121,400 people). The largest spike in international visitors came from Indonesia (+26.4%), USA (+23.0%), New Zealand (+19.9%) and Malaysia (+15.5%). The biggest decreases in visitor numbers to Western Australia by country was Korea (-25.7%), South Africa (-21.1%), Netherlands (-17,9%) and Canada (-14%). .
2284: 65: 24: 2296: 257:), making it the nation's most productive state, and one of the most wealthy places on earth with a GDP per capita of A$ 135,479 (compared with the national average of A$ 74,605). In 2018-19, Western Australia exported A$ 147.1 billion worth of goods and imported A$ 34.1 billion, creating a trade surplus of A$ 112.95 billion. This is in contrast to the national trade deficit of A$ 70.5 billion. 608:(1914–1918) had a disruptive impact on economic development. Wartime conditions ensured high prices for agricultural products, but also created inflationary pressures and manpower shortages, while the completion of the transcontinental rail link in 1917 highlighted growing integration into the national economy and a decline in dependence on 705:" eased manpower shortages, and boosted the WA population. The federal housing agreement of 1947 allowed the state government to proceed with a program of public housing construction and expansion which saw the Perth metropolitan area double in size between 1945 and 1960. Finally the success of the government of 643:
had a much more dramatic impact on the economy than the previous war. It immediately stimulated industry and agriculture effectively ending the Depression. After the introduction of manpower controls and conscription a severe manpower shortage developed that would continue into the 1950s. During the
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In 1919 the state government sought to resume economic growth through the introduction of soldier-settlement in the south-west region. However, initial enthusiasm waned in the face of concerns about the feasibility of the proposed program, while Labour unrest raised concerns about the ability of the
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Resource sector growth in recent years has resulted in significant labour and skills shortages, leading to recent efforts by the state government to encourage interstate and overseas immigration. According to the Feb 2012 statistical data, the average full-time adult weekly income was A$ 1,617.90 in
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of commodities) over the past 15 years has provided a more balanced production base and less reliance on just a few major export markets, insulating the economy from fluctuations in world prices (e.g. high oil and gas prices help sustain export income when prices of other commodities such as alumina
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focused more on the development of education and social services infrastructure. In particular the Hawke government commenced a mass expansion of the state high school system, while the Tonkin government funded the opening of a second state university in 1973–74. The development of regional centres
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Overall Western Australia had an estimated 7,000,000 overnight visitors to the State for the year ending December 2012, with 5,160,000 coming from intrastate, 1,112,000 from interstate, and 760,800 from overseas, making Western Australia's tourism industry worth approximately A$ 6 billion in total.
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Agricultural production in WA is a major contributor to the state and national economy. Although tending to be highly seasonal, 2006-07 wheat production in WA was nearly 10 million tonnes, accounting for almost half the nation's total. and providing $ 1.7 billion in export income. Other significant
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Much of the economic development in the 1960s and 1970s was sponsored by Japanese investors, especially in the iron-ore sector, while American and British investment remained centred in the pastoral, agricultural and construction sectors. From the 1990s China emerged as a major market for WA goods
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program was also funded to redress gender imbalance. Prior to this, population and the economy had stagnated. By 1870 the European population had tripled and was reaching 20 000, around half of these were convicts. This allowed the establishment of smaller industries and reduced the reliance on
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Total international visitors to WA is currently increasing above the national average - for the year ending June 2011 there were 735,900 international visitors, a growth of 5.3% for WA compared to a growth of 3.4% nationally. They spent in total A$ 1.94 billion, up 9.4% from the previous year.
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In global terms, Western Australia is a significant producer of a wide range of resource commodities. Australia is the world's largest producer of both bauxite and alumina, with half of national production coming from Western Australia. Alcoa's Huntly mine provides the feedstock for its three
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The discovery of gold in this period also increased the population. Migration from the eastern states, where a post gold rush economic slump existed, and from overseas increased sharply. While much of the revenue generated was retained by the British crown, some was directed toward creating
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refineries at Wagerup, Pinjarra and Kwinana. Worsley Alumina transports bauxite from its Boddington mine to its refinery at Worsley via a 51 km conveyor belt. It is the world's third-largest iron-ore producer (15% of the world's total) and extracts 75% of Australia's 240 tonnes of
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The post-war period saw sustained growth in the Western Australia economy. Successful economic development ultimately culminated in the Australian Grants Commission removing its designation of WA as a "claimant" state in 1971. By the early 21st century WA was no longer regarded as a
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The lifting of the federal ban on the export of iron-ore in 1960 further boosted the economy. Rapidly increasing industrial and mining production fueled the rise of suburbanisation and consumerism in Perth and regional centres in the 1960s and 1970s. The Liberal governments of
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pressed ahead. Indeed, Mitchell's enthusiasm was such that his critics soon dubbed him "Moo-Cow" Mitchell. Unfortunately soldier-settlement soon ran into problems, cost the state over ÂŁ5 million, and led to the defeat of the Mitchell government at the polls in 1924.
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Western Australia (compared to A$ 1,406.80 in Australia as a whole). Recent growth has also contributed to significant rises in average property values in 2006, although values plateaued in 2007. Perth property prices are still the second highest in Australia behind
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in 1829 with the intention of establishing the colony with an agricultural and pastoral base. The poor quality land—particularly in the region in close proximity of the coast—and an inadequate labour supply and infrastructure hindered the expansion of the economy.
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and the air transport facilities in Perth were expanded to cope with wartime needs. To balance these developments the attacks of the Imperial Japanese Forces on the north of Western Australia caused much of the existing economic infrastructure of towns like
242:. Covering an area of 2.5 million km, the state is Australia's largest, accounting for almost one-third of the continent. Western Australia is the nation's fourth most populous state, with 2.6 million inhabitants (11% of the national population). 475:, just south of Fremantle. Significant secondary industries include cement and building product manufacturing, flour milling, food processing, animal feed production, fertilizer production, automotive body building, brewing and printing. 499:(8.3%). Tourists from China increased 50% between 2011 and 2012, from 22,000 to 33,000. Revenue from tourism is a strong economic driver in many of the smaller population centres outside of Perth, especially in coastal locations. 274:
commodities. The structure of the economy is closely linked to the abundance of natural resources found in the State, providing a comparative advantage in resource extraction and processing. As a consequence:
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had a major impact on WA. Falling prices for agricultural goods hit farming areas hard leading to a further fall in demand, rising unemployment and much hardship. It was only after the Labor government of
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encouraged these developments. Foreign investment and the increase in the tax base was also used to modernise existing infrastructure. In the 1960s a metropolitan freeway system was constructed to link
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processing, port facilities for grain exports, and support industries for mining and petroleum such as heavy and light engineering, and metal fabrication. Shipbuilding (e.g.
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is the main fuel for baseload electricity generation in the state's south-west. Australia is the world's fifth largest exporter of LNG, most of which is produced by the
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There has been strong growth in the services (finance, insurance and property) and construction sector, which have increased their share of economic output.
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Andrew Beer, Maude Aleric and William Pritchard, Developing Australia’s Regions: Theory and Practice. Sydney: University of New South Wales Press, 2003.
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and agricultural prices began to rise that the economy recovered. Even so, unemployment in WA did not fall below 10% until the outbreak of war in 1939.
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and as a potential investor. State and federal government of major public works continued despite some evidence of local maladministration during the "
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During the immediate post-war period WA greatly benefited from the rapid expansion of federal involvement in the economy. The establishment of
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Western Australia's overseas merchandising exports accounted for 46% of the nation's total. The state's major export commodities include
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has grown in importance, with significant numbers of visitors to the state coming from the UK (27.8%), other European countries (13.6%)
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imports. The new labour pool was utilised in new Public Works. The colony began attaining a greater level of financial independence.
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David Day, Claiming a Continent: A New History of Australia. Pymble, Sydney, New South Wales: HarperCollins, 2001.
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Given the economic importance of agriculture and the debts incurred in the 1920s it was not surprising that the
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was sought to provide much needed labour and income from the British government. These were to be males, so an
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Western Australia has a significant fishing industry. Products for local consumption and export include Western
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In contrast to the economic development goals of successive Liberal governments, the Labor administrations of
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In 2011, Western Australia provided 46% of Australia's merchandising exports. In 2018-19, Western Australia's
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Western Australia's economy is largely driven by extraction and processing of a diverse range of mineral and
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Geoffrey Blainey, This Land Is All Horizons: Australian Fears and Visions. Sydney: ABC Publications, 2001.
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and Fremantle with the rapidly growing northern suburbs of Perth. Suburban shopping centres were built in
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is a state economy dominated by its resources and services sector and largely driven by the export of
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https://www.jtsi.wa.gov.au/docs/default-source/default-document-library/wa-economic-profile-0619.pdf
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per person ($ 82,653) is higher than any other state and well above the national average ($ 57,925).
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Stuart Macintyre, A Concise History of Australia. 2nd. New York: Cambridge University Press, 2004.
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https://www.wa.gov.au/sites/default/files/2020-01/gross-state-product-economic-notes-2018-19.pdf
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in the north-west and the rapid expansion of the Perth metropolitan rail and freeway networks.
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https://www.wa.gov.au/sites/default/files/2020-02/international-trade-economic-notes-2019.pdf
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was also encouraged as government funding was directed towards the upgrading of the port of
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Please help update this article to reflect recent events or newly available information.
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The Western Australian economy is more capital-intensive than all the other states.
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state government to manage this program. Undeterred the Nationalist government of
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in attracting foreign investment culminated in the signing of an agreement with
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Western Australia has major wine producing regions in the South West located in
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Phillip Knightley, Australia: A Biography of a Nation. London: Vintage, 2001.
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Western Australia Department of Primary Industries and Regional Development
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Western Australia Department of Primary Industries and Regional Development
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by adding information on neglected viewpoints, or discuss the issue on the
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in far north of the Kimberley region before it ceased operations in 2020.
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Recent growth in global demand for minerals and petroleum, especially in
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actively promoted industrial growth in the industrial areas of
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to establish an oil refinery at the new industrial area of
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were boosted by the associated economic boom. The city of
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All the Way with the USA: Australia, the US and Free Trade
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and Midland. A new container port facility was built in
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This Land Is All Horizons: Australian Fears and Visions
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6302.0 - Average Weekly Earnings, Australia, Feb 2012
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Anthony Moran, Australia. New York: Routledge, 2004.
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Archived from 813:campaign to support the State's economy. 809:In 2003, the State Government launched a 568:infrastructure in the state. New towns, 149:Learn how and when to remove this message 1766: 843:Timeline of banking in Western Australia 600:World Wars and Depression (1913 to 1946) 350: 342: 1153:. Government of Western Australia. 2008 2315: 1279:. ABARE. 31 March 2008. Archived from 895: 1740: 1626: 891: 889: 238:and agricultural commodities such as 2295: 1447: 1365:"Event marks end to whaling in 1978" 1326: 1219:. ABARE. 1 June 2008. Archived from 106: 58: 17: 1553:University of New South Wales Press 848:Rail transport in Western Australia 754:was re-built and progressively the 520:The British Government founded the 510: 13: 1391:"Downstream_Petroleum 2007 Report" 886: 551:but, in 1848, the introduction of 14: 2334: 1423:"2011 Quarterly Visitor Snapshot" 896:Curran, Enda (21 February 2012). 838:Secessionism in Western Australia 33:This article has multiple issues. 2294: 2283: 2282: 1654: 1571:. Crow’s Nest, New South Wales: 1098:. 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WA 1190: 1164: 1142: 1131: 1109: 1084: 1062: 1036: 1010: 984: 949: 938: 927: 916: 885: 858: 857: 855: 852: 851: 850: 845: 840: 835: 830: 825: 818: 815: 682: 679: 635:Premier's Plan 631:Philip Collier 618:James Mitchell 601: 598: 530: 527: 517: 514: 512: 509: 480: 477: 448: 445: 432: 429: 417:Margaret River 412: 409: 399:declared weeds 393: 390: 340: 337: 305: 304: 297: 294: 286: 280: 267: 264: 262: 259: 214: 213: 204: 201: 200: 196: 195: 190: 186: 185: 179: 157: 156: 139: 138: 119: 117: 110: 103: 102: 71: 69: 62: 57: 31: 30: 28: 21: 9: 6: 4: 3: 2: 2335: 2324: 2321: 2320: 2318: 2303: 2302: 2293: 2291: 2290: 2281: 2280: 2277: 2271: 2268: 2266: 2263: 2261: 2258: 2256: 2253: 2251: 2248: 2246: 2243: 2241: 2238: 2236: 2233: 2231: 2228: 2227: 2225: 2223: 2219: 2213: 2210: 2208: 2205: 2204: 2202: 2198: 2192: 2189: 2187: 2184: 2182: 2179: 2177: 2174: 2172: 2169: 2167: 2164: 2162: 2159: 2158: 2156: 2152: 2146: 2143: 2141: 2138: 2136: 2133: 2131: 2128: 2126: 2123: 2121: 2118: 2116: 2115:Energy policy 2113: 2111: 2108: 2106: 2103: 2102: 2100: 2098: 2094: 2088: 2085: 2083: 2080: 2078: 2075: 2073: 2072:Corporate law 2070: 2068: 2065: 2063: 2060: 2058: 2055: 2054: 2052: 2048: 2041: 2038: 2036: 2032: 2029: 2027: 2024: 2022: 2019: 2017: 2014: 2013: 2011: 2007: 2001: 1998: 1996: 1993: 1991: 1988: 1986: 1983: 1980: 1976: 1973: 1971: 1968: 1967: 1965: 1963: 1959: 1953: 1950: 1946: 1943: 1942: 1941: 1938: 1936: 1933: 1931: 1928: 1926: 1923: 1921: 1918: 1916: 1913: 1911: 1910:Manufacturing 1908: 1906: 1903: 1901: 1898: 1896: 1893: 1891: 1888: 1887: 1885: 1881: 1875: 1872: 1870: 1867: 1865: 1862: 1860: 1857: 1855: 1852: 1850: 1847: 1845: 1842: 1841: 1839: 1835: 1829: 1826: 1825: 1823: 1819: 1813: 1810: 1808: 1807:Privatisation 1805: 1803: 1800: 1798: 1795: 1793: 1790: 1788: 1785: 1783: 1780: 1779: 1777: 1773: 1769: 1762: 1757: 1755: 1750: 1748: 1743: 1742: 1739: 1727: 1724: 1722: 1719: 1717: 1716:Tourism in WA 1714: 1712: 1709: 1707: 1704: 1702: 1701:Nickel mining 1699: 1697: 1694: 1692: 1689: 1687: 1684: 1682: 1679: 1677: 1674: 1673: 1670: 1666: 1662: 1657: 1648: 1643: 1641: 1636: 1634: 1629: 1628: 1625: 1615: 1611: 1608:F.G. Clarke, 1605: 1598: 1597:9781920769796 1594: 1590: 1586: 1581: 1574: 1570: 1566: 1561: 1554: 1550: 1547:Ann Capling, 1544: 1537: 1533: 1529: 1524: 1515: 1506: 1497: 1488: 1479: 1470: 1451: 1444: 1428: 1424: 1418: 1399: 1392: 1386: 1370: 1366: 1360: 1345: 1344: 1339: 1337: 1329: 1313: 1312: 1307: 1301: 1282: 1275: 1269: 1250: 1244: 1242: 1222: 1215: 1209: 1207: 1199: 1194: 1178: 1174: 1168: 1152: 1151:"Go West Now" 1146: 1140: 1135: 1120:. APPEA. 2007 1119: 1113: 1094: 1088: 1072: 1066: 1050: 1046: 1040: 1024: 1020: 1014: 998: 994: 988: 969: 962: 956: 954: 947: 942: 936: 931: 925: 920: 905: 904: 899: 892: 890: 873: 869: 863: 859: 849: 846: 844: 841: 839: 836: 834: 831: 829: 826: 824: 821: 820: 814: 812: 807: 805: 801: 795: 793: 789: 785: 781: 776: 772: 768: 763: 761: 757: 753: 752:Perth Airport 749: 745: 741: 737: 733: 728: 727:Charles Court 724: 718: 716: 712: 708: 704: 700: 696: 691: 689: 678: 676: 672: 668: 663: 659: 655: 651: 647: 646:John Willcock 642: 638: 636: 633:accepted the 632: 627: 622: 619: 613: 611: 607: 597: 595: 591: 587: 584:and its port 583: 579: 575: 571: 565: 562: 558: 554: 550: 546: 540: 536: 526: 523: 508: 504: 500: 498: 494: 490: 486: 476: 474: 470: 466: 462: 458: 454: 447:Manufacturing 444: 442: 438: 437:Rock Lobsters 428: 426: 422: 418: 408: 406: 405: 400: 389: 387: 381: 379: 375: 371: 367: 363: 353: 345: 336: 334: 330: 326: 322: 318: 314: 310: 302: 298: 295: 291: 287: 284: 281: 278: 277: 276: 273: 258: 256: 252: 248: 243: 241: 237: 233: 229: 225: 223: 211: 209: 202: 197: 194: 191: 187: 182: 177: 172: 168: 161: 153: 150: 135: 123: 118: 109: 108: 99: 89: 85: 79: 77: 72:This article 70: 61: 60: 55: 53: 46: 45: 40: 39: 34: 29: 20: 19: 16: 2299: 2287: 2087:Reserve Bank 1858: 1660: 1609: 1604: 1588: 1580: 1568: 1560: 1548: 1543: 1531: 1523: 1514: 1505: 1496: 1487: 1478: 1469: 1457:. Retrieved 1443: 1431:. Retrieved 1427:the original 1417: 1407:12 September 1405:. Retrieved 1398:the original 1385: 1373:. Retrieved 1368: 1359: 1347:. Retrieved 1341: 1335: 1328: 1316:. Retrieved 1309: 1300: 1290:15 September 1288:. Retrieved 1281:the original 1268: 1258:10 September 1256:. Retrieved 1230:13 September 1228:. Retrieved 1221:the original 1193: 1181:. Retrieved 1176: 1167: 1157:16 September 1155:. Retrieved 1145: 1134: 1124:20 September 1122:. Retrieved 1112: 1102:19 September 1100:. Retrieved 1087: 1077:19 September 1075:. Retrieved 1065: 1055:19 September 1053:. Retrieved 1049:the original 1039: 1029:11 September 1027:. Retrieved 1023:the original 1013: 1001:. Retrieved 997:the original 987: 977:10 September 975:. Retrieved 968:the original 941: 930: 919: 907:. Retrieved 901: 878:10 September 876:. Retrieved 862: 811:Buy WA First 808: 796: 767:Albert Hawke 764: 744:Forrestfield 719: 707:Ross McLarty 692: 684: 675:Port Hedland 641:World War II 639: 623: 614: 603: 566: 549:penal colony 542: 519: 505: 501: 495:(10.1%) and 482: 450: 434: 414: 402: 395: 382: 358: 306: 289: 269: 244: 220: 217: 205: 160: 145: 129: 121: 96:October 2016 93: 73: 49: 42: 36: 35:Please help 32: 15: 2140:Solar power 1920:Real estate 1890:Agriculture 1691:Gold mining 1676:Agriculture 1003:18 December 792:Meekatharra 775:Brian Burke 771:John Tonkin 760:trolley bus 732:South Perth 723:David Brand 561:immigration 425:Swan Valley 392:Agriculture 164:Economy of 2145:Wind power 2000:Tax return 1970:Fuel taxes 1895:Automotive 1883:Industries 1854:Queensland 1565:Don Aitkin 1551:. Sydney: 1534:. Sydney: 1448:Ye Qiang. 1338:(L.) Mill" 854:References 650:Frank Wise 578:goldfields 574:Kalgoorlie 570:Coolgardie 208:US dollars 199:Statistics 132:March 2017 76:unbalanced 38:improve it 1940:Transport 1905:Insurance 1459:1 October 1349:14 August 1318:14 August 662:Fremantle 658:Welshpool 582:Roebourne 491:(16.5%), 489:Singapore 473:Henderson 443:in 1978. 372:mined at 339:Resources 272:petroleum 261:Structure 88:talk page 44:talk page 2317:Category 2289:Category 1962:Taxation 1869:Tasmania 1849:Victoria 1821:Currency 1711:Pearling 1696:Iron ore 1139:Westjobs 909:15 March 817:See also 780:Cockburn 553:convicts 497:Malaysia 423:and the 315:, crude 309:iron-ore 266:Overview 228:iron-ore 189:Currency 2301:Commons 2105:Biofuel 2016:Banking 1979:dispute 1935:Tourism 1900:Fishing 1775:History 1726:Whaling 1681:Fishing 1661:Economy 1616:, 2002. 1575:, 2005. 1555:, 2004. 1538:, 2001. 1375:1 April 1183:14 June 736:Floreat 715:Kwinana 667:Wyndham 654:Midland 610:Britain 586:Cossack 557:Britain 485:tourism 479:Tourism 453:Kwinana 431:Fishing 333:ammonia 313:alumina 224:economy 122:updated 82:Please 74:may be 2200:Unions 2097:Energy 1915:Mining 1686:Mining 1595:  1433:1 July 1314:. 2019 800:WA Inc 788:Newman 782:, the 740:Morley 699:Qantas 469:Civmec 465:Austal 461:nickel 441:Albany 386:Sydney 374:Collie 325:nickel 1945:Ports 1453:(PDF) 1401:(PDF) 1394:(PDF) 1284:(PDF) 1277:(PDF) 1252:(PDF) 1224:(PDF) 1217:(PDF) 1096:(PDF) 971:(PDF) 964:(PDF) 671:Derby 590:Perth 555:from 493:Japan 301:China 290:range 240:wheat 2207:ACTU 2067:ASIC 2062:APRA 2057:ACCC 1952:Wine 1593:ISBN 1461:2006 1435:2011 1409:2008 1377:2019 1351:2022 1320:2022 1292:2008 1260:2008 1232:2008 1185:2012 1159:2008 1126:2008 1104:2008 1079:2008 1057:2008 1031:2008 1005:2009 979:2008 911:2012 880:2008 790:and 773:and 756:tram 725:and 673:and 656:and 648:and 604:The 572:and 543:The 537:and 467:and 457:iron 411:Wine 370:Coal 362:gold 329:gold 319:and 249:was 232:gold 219:The 2082:FWC 1663:of 317:oil 251:A$ 2319:: 1587:, 1567:, 1530:. 1367:. 1340:. 1308:. 1240:^ 1205:^ 1175:. 952:^ 900:. 888:^ 870:. 794:. 769:, 750:, 742:, 738:, 711:BP 669:, 612:. 419:, 407:. 331:, 327:, 323:, 311:, 234:, 230:, 47:. 2042:) 2033:( 1981:) 1977:( 1760:e 1753:t 1746:v 1646:e 1639:t 1632:v 1599:. 1463:. 1437:. 1411:. 1379:. 1353:. 1334:" 1322:. 1294:. 1262:. 1234:. 1187:. 1161:. 1128:. 1106:. 1081:. 1059:. 1033:. 1007:. 981:. 913:. 882:. 758:- 686:" 210:. 152:) 146:( 134:) 130:( 98:) 94:( 90:. 80:. 54:) 50:(

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Western Australia

Mount Tom Price mine
Australian dollar
US dollars
Western Australian
iron-ore
gold
liquefied natural gas
wheat
gross state product
A$
Australia's GDP
petroleum
Gross state product
China
iron-ore
alumina
oil
liquefied natural gas (LNG)
nickel
gold
ammonia

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