Australian National Accounts: State Accounts

Latest release

Key National Accounts aggregates by state and territory

Reference period

2023-24 financial year

Released

20/11/2024

Next release Unknown

Key statistics

Gross State Product (GSP) rose in all states and territories in 2023-24
The strongest result was observed in the Northern Territory, which grew 4.6%, followed by the Australian Capital Territory (4.0%), Queensland (2.1%) and Victoria (1.5%)

Key aggregates, 2023-24 % change
		NSW	VIC	QLD	SA	WA	TAS	NT	ACT	Australia
Chain volume measures (a)
	GSP	1.2	1.5	2.1	1.2	0.5	1.4	4.6	4.0	1.4
	GSP per capita (b)	-1.0	-1.2	-0.5	-0.4	-2.7	1.0	3.6	1.9	-1.0
	Real Gross State Income	0.3	1.3	-3.5	1.1	-0.7	1.4	-5.0	4.2	-0.3
Current price values
	GSP	5.3	5.9	1.1	5.9	2.2	5.0	0.2	8.2	4.1

Reference year for chain volume measures is 2022-23.
Population estimates are as published in National, state and territory population and ABS projections.

Revisions this issue

This release of the State Accounts incorporates revisions to the time series. The revisions are due to a number of factors, including:

Updated data sources – Quarterly indicators used to apportion national estimates to states and territories in the 2022-23 release have been updated with more complete and audited financial year information.
The incorporation of the latest National Accounts Supply-Use benchmarks and historical revisions
Updated data sources and methods for the compilation of Agriculture state and territory estimates
Correction to the distribution of Commonwealth general government state estimates

For more details see the Changes in this issue section

Analysis of results

Gross State Product (GSP) volume measures

The Australian economy grew 1.4% in 2023-24 following growth of 3.4% in 2022-23. Health care and social assistance showed strength with increased demand for key health programs and services. Transport, postal and warehousing was also a driver with continued recovery in domestic and international air transport following the COVID-19 pandemic and strength in road transport.

GSP rose across all states and territories in 2023-24. The strongest result was observed in the Northern Territory, growing 4.6% following a fall of 5.2% in 2022-23 The growth was driven by a bounce back in mining production which was hampered by maintenance work and plant shutdowns in 2022-23. The ACT experienced the next strongest growth of 4.0% driven by Public administration and safety with the expansion of government agencies and the undertaking of the Voice to Parliament referendum. Growth across the rest of the country was relatively subdued this year, in-line with national growth. The state with the weakest growth in 2023-24 was Western Australia which rose 0.5%. This was due to falls in both Agriculture, forestry and fishing and Mining, but they were offset through broad based strength across a number of industries.

Gross State Product annual growth, 2023-24

A map of Australia depicting the Gross State Product annual growth for the financial year ending 2023-24

The left of the map shows that Western Australia's Gross State Product annual growth increased by 0.5% for the 2023-24 financial year.

The middle of the map shows that Northern Territory's Gross State Product annual growth increased by 4.6%, while South Australia's annual growth increased by 1.2% for the 2023-24 financial year.

The right of the map shows that Queensland's Gross State Product annual growth increased by 2.1%, New South Wales' Gross State Product annual growth increased by 1.2%, Australian Capital Territory's Gross State Product annual growth increased by 4.0%, and Victoria's Gross State Product annual growth increased by 1.5% in the 2023-24 financial year.

The bottom of the map shows that Tasmania's Gross State Product annual growth increased by 1.4% for the 2023-24 financial year.

New South Wales

New South Wales GSP increased 1.2% in 2023-24, following a rise of 4.2% in the previous year. Agriculture, forestry and fishing (8.5%) led the rise driven by fruit and vegetable production and strength in livestock following rebuilding efforts to meet rising international demand. Transport, postal and warehousing (3.6%) was also a driver with continued recovery in domestic and international air transport following the COVID-19 pandemic and strength in road transport. Information media and telecommunications (3.7%) was also a driver.

Wholesale trade (-4.1%) detracted from growth driven by weakness in grocery wholesaling and decreased demand for agricultural equipment with reduced grain production following bumper harvests.

New South Wales contribution to GSP by Industry vs Australia
	NSW (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	0.2	0.2
Mining	0.0	0.0
Manufacturing	0.2	0.0
Electricity, Gas, Water and Waste Services	0.1	0.0
Construction	0.1	0.1
Wholesale Trade	-0.2	-0.1
Retail Trade	-0.1	0.0
Accommodation and Food Services	0.0	0.0
Transport, Postal and Warehousing	0.2	0.2
Information Media and Telecommunications	0.1	0.1
Financial and Insurance Services	0.1	0.1
Rental, Hiring and Real Estate Services	0.1	0.1
Professional, Scientific and Technical Services	0.1	0.1
Administrative and Support Services	0.1	0.0
Public Administration and Safety	0.1	0.2
Education and Training	0.1	0.1
Health Care and Social Assistance	0.2	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.1	0.1

New South Wales contribution to GSP by Industry vs Australia

["","NSW","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[0.20000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[-0.20000000000000001],[-0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.20000000000000001],[0],[0.10000000000000001]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

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Victoria

Victoria recorded an increase in GSP of 1.5% in 2023-24, following a rise of 3.4% in the previous year. Agriculture, forestry and fishing (20.0%) led the rise driven by increases in livestock and fruit and vegetable production. Arts and recreation services (4.1%) saw continued recovery with strength driven by record attendance at major sporting events. Transport, postal and warehousing (3.7%) was also a driver with continued recovery in domestic and international air transport following the COVID-19 pandemic and strength in road transport. Health care and social assistance (3.3%) showed strength with increased demand for key health programs and services.

Victoria contribution to GSP by Industry vs Australia
	Vic. (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	0.5	0.2
Mining	-0.3	0.0
Manufacturing	0.0	0.0
Electricity, Gas, Water and Waste Services	-0.1	0.0
Construction	0.1	0.1
Wholesale Trade	0.0	-0.1
Retail Trade	0.0	0.0
Accommodation and Food Services	0.0	0.0
Transport, Postal and Warehousing	0.2	0.2
Information Media and Telecommunications	0.1	0.1
Financial and Insurance Services	0.1	0.1
Rental, Hiring and Real Estate Services	0.1	0.1
Professional, Scientific and Technical Services	0.1	0.1
Administrative and Support Services	0.0	0.0
Public Administration and Safety	0.1	0.2
Education and Training	0.1	0.1
Health Care and Social Assistance	0.3	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.0	0.1

Victoria contribution to GSP by Industry vs Australia

["","Vic.","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[0.5],[-0.29999999999999999],[0],[-0.10000000000000001],[0.10000000000000001],[0],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.10000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

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Queensland

Queensland recorded an increase in GSP of 2.1% in 2023-24, following a rise of 2.8% in the previous year. Transport, postal and warehousing (7.8%) led this rise with continued recovery in domestic and international air transport following the COVID-19 pandemic and strength in road transport. Mining (5.2%) contributed to growth with increased coal production due to less weather disruptions and fewer maintenance activities. Agriculture, forestry and fishing (3.8%) grew driven by livestock following rebuilding efforts to meet rising international demand and increased cotton production.

Wholesale trade (-5.2%) detracted from growth driven by weakness in basic material and machinery and equipment wholesaling as there was decreased demand for agricultural equipment and grain wholesaling following bumper harvests in previous years.

Queensland contribution to GSP by Industry vs Australia
	Qld (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	0.1	0.2
Mining	0.9	0.0
Manufacturing	-0.2	0.0
Electricity, Gas, Water and Waste Services	0.1	0.0
Construction	0.0	0.1
Wholesale Trade	-0.2	-0.1
Retail Trade	0.0	0.0
Accommodation and Food Services	0.0	0.0
Transport, Postal and Warehousing	0.4	0.2
Information Media and Telecommunications	0.1	0.1
Financial and Insurance Services	0.0	0.1
Rental, Hiring and Real Estate Services	0.1	0.1
Professional, Scientific and Technical Services	0.1	0.1
Administrative and Support Services	0.0	0.0
Public Administration and Safety	0.2	0.2
Education and Training	0.1	0.1
Health Care and Social Assistance	0.3	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.1	0.1

Queensland contribution to GSP by Industry vs Australia

["","Qld","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[0.10000000000000001],[0.90000000000000002],[-0.20000000000000001],[0.10000000000000001],[0],[-0.20000000000000001],[0],[0],[0.40000000000000002],[0.10000000000000001],[0],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

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South Australia

South Australia GSP increased 1.2% following a rise of 3.6% in the previous year.

Agriculture, forestry and fishing (6.3%) led the rise driven by fruits and vegetables and strength in livestock following rebuilding efforts to meet rising international demand, partly offset by decreased grain production following bumper harvests. Arts and recreation services (6.4%) also rose driven by record attendance at major sporting events. Mining (5.9%) rose driven by metal ore mining. Health care and social assistance (4.7%) showed strength with increased demand for key health programs and services.

South Australia contribution to GSP by Industry vs Australia
	SA (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	0.3	0.2
Mining	0.2	0.0
Manufacturing	-0.4	0.0
Electricity, Gas, Water and Waste Services	0.0	0.0
Construction	0.2	0.1
Wholesale Trade	-0.4	-0.1
Retail Trade	0.0	0.0
Accommodation and Food Services	-0.1	0.0
Transport, Postal and Warehousing	0.1	0.2
Information Media and Telecommunications	0.0	0.1
Financial and Insurance Services	0.0	0.1
Rental, Hiring and Real Estate Services	0.1	0.1
Professional, Scientific and Technical Services	0.0	0.1
Administrative and Support Services	-0.1	0.0
Public Administration and Safety	0.1	0.2
Education and Training	0.1	0.1
Health Care and Social Assistance	0.5	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.1	0.1

South Australia contribution to GSP by Industry vs Australia

["","SA","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[0.29999999999999999],[0.20000000000000001],[-0.40000000000000002],[0],[0.20000000000000001],[-0.40000000000000002],[0],[-0.10000000000000001],[0.10000000000000001],[0],[0],[0.10000000000000001],[0],[-0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.5],[0],[0.10000000000000001]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

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Western Australia

Western Australia GSP increased 0.5%, following 3.7% growth in the previous year.

Construction (5.4%) led the rise driven by non-dwelling construction and dwelling construction. Health care and social assistance (4.5%) showed strength with increased demand for key health programs and services. Transport, postal and warehousing (5.1%) contributed with continued recovery in domestic and international air transport following the COVID-19 pandemic, partly offset by falls in transport and warehousing due to less demand for grain warehousing.

Agriculture, forestry and fishing (-6.6%) detracted from growth due to less grain production following bumper harvests. Mining (-2.1%) detracted from growth due to less production of metal ores as weather disruptions impacted operations and logistics as well as less production of oil and gas due to weather disruptions and maintenance activities.

Western Australia contribution to GSP by Industry vs Australia
	WA (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	-0.1	0.2
Mining	-1.0	0.0
Manufacturing	0.1	0.0
Electricity, Gas, Water and Waste Services	0.0	0.0
Construction	0.3	0.1
Wholesale Trade	-0.1	-0.1
Retail Trade	0.0	0.0
Accommodation and Food Services	0.0	0.0
Transport, Postal and Warehousing	0.2	0.2
Information Media and Telecommunications	0.0	0.1
Financial and Insurance Services	0.0	0.1
Rental, Hiring and Real Estate Services	0.1	0.1
Professional, Scientific and Technical Services	0.1	0.1
Administrative and Support Services	0.0	0.0
Public Administration and Safety	0.1	0.2
Education and Training	0.1	0.1
Health Care and Social Assistance	0.2	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.1	0.1

Western Australia contribution to GSP by Industry vs Australia

["","WA","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[-0.10000000000000001],[-1],[0.10000000000000001],[0],[0.29999999999999999],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0],[0],[0.10000000000000001],[0.10000000000000001],[0],[0.10000000000000001],[0.10000000000000001],[0.20000000000000001],[0],[0.10000000000000001]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

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Tasmania

Tasmania GSP grew 1.4% following a rise of 1.9% in the previous year.

Public administration and safety (10.1%) led the rise consistent with strength in Compensation of employees. Transport, postal and warehousing (10.0%) showed strength with continued recovery in domestic and international air transport following the COVID-19 pandemic, as well as water transportation. Agriculture, forestry and fishing (6.2%) rose driven by fruits and vegetables. Mining (4.6%) also rose driven by metal ore mining.

Tasmania contribution to GSP by Industry vs Australia
	Tas. (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	0.5	0.2
Mining	0.2	0.0
Manufacturing	-0.6	0.0
Electricity, Gas, Water and Waste Services	-0.1	0.0
Construction	0.3	0.1
Wholesale Trade	-0.1	-0.1
Retail Trade	0.0	0.0
Accommodation and Food Services	-0.1	0.0
Transport, Postal and Warehousing	0.5	0.2
Information Media and Telecommunications	0.1	0.1
Financial and Insurance Services	0.0	0.1
Rental, Hiring and Real Estate Services	0.0	0.1
Professional, Scientific and Technical Services	-0.2	0.1
Administrative and Support Services	-0.1	0.0
Public Administration and Safety	0.6	0.2
Education and Training	0.2	0.1
Health Care and Social Assistance	0.4	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.0	0.1

Tasmania contribution to GSP by Industry vs Australia

["","Tas.","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[0.5],[0.20000000000000001],[-0.59999999999999998],[-0.10000000000000001],[0.29999999999999999],[-0.10000000000000001],[0],[-0.10000000000000001],[0.5],[0.10000000000000001],[0],[0],[-0.20000000000000001],[-0.10000000000000001],[0.59999999999999998],[0.20000000000000001],[0.40000000000000002],[0],[0]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

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Northern Territory

Northern Territory GSP grew 4.6% in 2023-24 following a fall of 5.2% in the previous year.

Mining (9.5%) led the rise driven by oil and gas extraction, coming off falls in the previous year. Agriculture, forestry and fishing (9.9%) also rose driven by strength in livestock. Transport, postal and warehousing (6.2%) also rose with continued recovery in domestic and international air transport following the COVID-19 pandemic, partly offset by weakness in rail transportation with disruptions due to flooding. Construction (3.8%) increased consistent with private capital investment in non-dwelling construction.

Northern Territory contribution to GSP by Industry vs Australia
	NT (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	0.4	0.2
Mining	2.7	0.0
Manufacturing	0.0	0.0
Electricity, Gas, Water and Waste Services	0.0	0.0
Construction	0.2	0.1
Wholesale Trade	0.0	-0.1
Retail Trade	0.0	0.0
Accommodation and Food Services	-0.1	0.0
Transport, Postal and Warehousing	0.2	0.2
Information Media and Telecommunications	0.0	0.1
Financial and Insurance Services	0.1	0.1
Rental, Hiring and Real Estate Services	0.0	0.1
Professional, Scientific and Technical Services	-0.1	0.1
Administrative and Support Services	0.1	0.0
Public Administration and Safety	0.3	0.2
Education and Training	0.1	0.1
Health Care and Social Assistance	0.3	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.1	0.1

Northern Territory contribution to GSP by Industry vs Australia

["","NT","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[0.40000000000000002],[2.7000000000000002],[0],[0],[0.20000000000000001],[0],[0],[-0.10000000000000001],[0.20000000000000001],[0],[0.10000000000000001],[0],[-0.10000000000000001],[0.10000000000000001],[0.29999999999999999],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

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Australian Capital Territory

Australian Capital Territory GSP grew 4.0% following a strong rise of 4.7% the previous year.

Public administration and safety (7.7%) led the rise with expansion of government agencies. Transport, postal and warehousing (8.8%) also rose with continued recovery in air transport following the COVID-19 pandemic. Information media and telecommunications (8.9%) also grew.

Retail trade (-1.2%) detracted from growth due to weakness in consumer spending.

Australian Capital Territory contribution to GSP by Industry vs Australia
	ACT (ppt)	Aust. (ppt)
Agriculture, Forestry and Fishing	0.0	0.2
Mining	0.0	0.0
Manufacturing	0.2	0.0
Electricity, Gas, Water and Waste Services	-0.2	0.0
Construction	0.0	0.1
Wholesale Trade	0.0	-0.1
Retail Trade	0.0	0.0
Accommodation and Food Services	-0.1	0.0
Transport, Postal and Warehousing	0.2	0.2
Information Media and Telecommunications	0.3	0.1
Financial and Insurance Services	0.1	0.1
Rental, Hiring and Real Estate Services	0.0	0.1
Professional, Scientific and Technical Services	0.1	0.1
Administrative and Support Services	0.2	0.0
Public Administration and Safety	2.4	0.2
Education and Training	0.1	0.1
Health Care and Social Assistance	0.4	0.3
Arts and Recreation Services	0.0	0.0
Other services	0.1	0.1

Australian Capital Territory contribution to GSP by Industry vs Australia

["","ACT","Aust."]

[["Agriculture, Forestry and Fishing","Mining","Manufacturing","Electricity, Gas, Water and Waste Services","Construction","Wholesale Trade","Retail Trade","Accommodation and Food Services","Transport, Postal and Warehousing","Information Media and Telecommunications","Financial and Insurance Services","Rental, Hiring and Real Estate Services","Professional, Scientific and Technical Services","Administrative and Support Services","Public Administration and Safety","Education and Training","Health Care and Social Assistance","Arts and Recreation Services","Other services"],[[0],[0],[0.20000000000000001],[-0.20000000000000001],[0],[0],[0],[-0.10000000000000001],[0.20000000000000001],[0.29999999999999999],[0.10000000000000001],[0],[0.10000000000000001],[0.20000000000000001],[2.3999999999999999],[0.10000000000000001],[0.40000000000000002],[0],[0.10000000000000001]],[[0.20000000000000001],[0],[0],[0],[0.10000000000000001],[-0.10000000000000001],[0],[0],[0.20000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0.10000000000000001],[0],[0.20000000000000001],[0.10000000000000001],[0.29999999999999999],[0],[0.10000000000000001]]]

[]

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Changes in this issue

The estimates in this issue incorporate new and revised national estimates as published in the 2023-24 Australian System of National Accounts. This includes the incorporation of the 2022-23 annual supply and use tables with updated national benchmarks.

The 2023-24 Australian System of National Accounts also incorporate historical revisions to the time series. Further information about the historical revisions is detailed in Impacts from the 2024 Annual National Accounts historical revisions.

The national revisions impact all states and territories, although the extent varies across jurisdictions. This is due to differing state weights of estimates affected by revisions. For example, if a certain state has a large proportion of an industry, then revisions to that industry's national total will have a greater impact upon the predominate state's result compared to the other states and territories. Estimates in recent years have also been revised based on the addition of new and updated data sources that have become available throughout the year.

This release of the state accounts also includes two changes :

Updated data sources and methods for the compilation of Agriculture state and territory estimates. A new model for compiling the Agriculture subdivision estimates within the Agriculture, Forestry and Fishing division has been implemented. This change follows on from the new national Agriculture model implemented in the quarterly National Accounts in the March 2024 quarter.
Correction to the distribution of Commonwealth general government state estimates - an incorrect series had been used to apportion commonwealth general government estimates to states and territories. This release includes a correction to the entire time series.

This release of the annual state accounts will not include the previously published agricultural income table (Table 11). A recent review of Agriculture state and territory estimates indicated that this table is no longer fit for purpose.

Enquiries

For enquiries about these and related statistics, contact the Customer Assistance Service via the ABS website Contact Us page. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.

Data downloads

Download all (2.72 MB)

Time series spreadsheets

Data files

Table 1. Gross State Product, Chain volume measures and current prices
Download xlsx [92.86 KB]
Table 2. Expenditure, Income and Industry Components of Gross State Product, New South Wales, Chain volume measures and current prices
Download xlsx [177.33 KB]
Table 3. Expenditure, Income and Industry Components of Gross State Product, Victoria, Chain volume measures and current prices
Download xlsx [176.3 KB]
Table 4. Expenditure, Income and Industry Components of Gross State Product, Queensland, Chain volume measures and current prices
Download xlsx [176.17 KB]
Table 5. Expenditure, Income and Industry Components of Gross State Product, South Australia, Chain volume measures and current prices
Download xlsx [173.25 KB]
Table 6. Expenditure, Income and Industry Components of Gross State Product, Western Australia, Chain volume measures and current prices
Download xlsx [176.96 KB]
Table 7. Expenditure, Income and Industry Components of Gross State Product, Tasmania, Chain volume measures and current prices
Download xlsx [169.57 KB]
Table 8. Expenditure, Income and Industry Components of Gross State Product, Northern Territory, Chain volume measures and current prices
Download xlsx [171.04 KB]
Table 9. Expenditure, Income and Industry Components of Gross State Product, Australian Capital Territory, Chain volume measures and current prices
Download xlsx [169.56 KB]
Table 10. Expenditure, Income and Industry Components of Gross Domestic Product, Australia, Chain volume measures and current prices
Download xlsx [151.94 KB]
Table 12. Household Income Account and Per Capita, New South Wales: Current prices
Download xlsx [57.57 KB]
Table 13. Household Income Account and Per Capita, Victoria: Current prices
Download xlsx [57.5 KB]
Table 14. Household Income Account and Per Capita, Queensland: Current prices
Download xlsx [57.42 KB]
Table 15. Household Income Account and Per Capita, South Australia: Current prices
Download xlsx [57.12 KB]
Table 16. Household Income Account and Per Capita, Western Australia: Current prices
Download xlsx [57.25 KB]
Table 17. Household Income Account and Per Capita, Tasmania: Current prices
Download xlsx [56.76 KB]
Table 18. Household Income Account and Per Capita, Northern Territory: Current prices
Download xlsx [56.56 KB]
Table 19. Household Income Account and Per Capita, Australian Capital Territory: Current prices
Download xlsx [56.81 KB]
Table 20. Household Income Account and Per Capita, Australia: Current prices
Download xlsx [57.87 KB]
Table 21. New South Wales Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [124.8 KB]
Table 22. Victoria Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [126.44 KB]
Table 23. Queensland Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [123.71 KB]
Table 24. South Australia Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [128.76 KB]
Table 25. Western Australia Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [122.63 KB]
Table 26. Tasmania Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [111.42 KB]
Table 27. Northern Territory Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [113.26 KB]
Table 28. Australian Capital Territory Capital Stock by Type of asset, Institutional sector and Industry
Download xlsx [118.8 KB]

Previous catalogue number

This release previously used catalogue number 5220.0.

Methodology

Australian National Accounts: State Accounts methodology, 2023-24 financial year

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APA

Australian National Accounts: State Accounts

APA

Key statistics

Revisions this issue

Analysis of results

Gross State Product (GSP) volume measures

Gross State Product annual growth, 2023-24

New South Wales

Victoria

Queensland

South Australia

Western Australia

Tasmania

Northern Territory

Australian Capital Territory

Changes in this issue

Enquiries

Data downloads

Time series spreadsheets

Table 1. Gross State Product, Chain volume measures and current prices

Table 2. Expenditure, Income and Industry Components of Gross State Product, New South Wales, Chain volume measures and current prices

Table 3. Expenditure, Income and Industry Components of Gross State Product, Victoria, Chain volume measures and current prices

Table 4. Expenditure, Income and Industry Components of Gross State Product, Queensland, Chain volume measures and current prices

Table 5. Expenditure, Income and Industry Components of Gross State Product, South Australia, Chain volume measures and current prices

Table 6. Expenditure, Income and Industry Components of Gross State Product, Western Australia, Chain volume measures and current prices

Table 7. Expenditure, Income and Industry Components of Gross State Product, Tasmania, Chain volume measures and current prices

Table 8. Expenditure, Income and Industry Components of Gross State Product, Northern Territory, Chain volume measures and current prices

Table 9. Expenditure, Income and Industry Components of Gross State Product, Australian Capital Territory, Chain volume measures and current prices

Table 10. Expenditure, Income and Industry Components of Gross Domestic Product, Australia, Chain volume measures and current prices

Table 12. Household Income Account and Per Capita, New South Wales: Current prices

Table 13. Household Income Account and Per Capita, Victoria: Current prices

Table 14. Household Income Account and Per Capita, Queensland: Current prices

Table 15. Household Income Account and Per Capita, South Australia: Current prices

Table 16. Household Income Account and Per Capita, Western Australia: Current prices

Table 17. Household Income Account and Per Capita, Tasmania: Current prices

Table 18. Household Income Account and Per Capita, Northern Territory: Current prices

Table 19. Household Income Account and Per Capita, Australian Capital Territory: Current prices

Table 20. Household Income Account and Per Capita, Australia: Current prices

Table 21. New South Wales Capital Stock by Type of asset, Institutional sector and Industry

Table 22. Victoria Capital Stock by Type of asset, Institutional sector and Industry

Table 23. Queensland Capital Stock by Type of asset, Institutional sector and Industry

Table 24. South Australia Capital Stock by Type of asset, Institutional sector and Industry

Table 25. Western Australia Capital Stock by Type of asset, Institutional sector and Industry

Table 26. Tasmania Capital Stock by Type of asset, Institutional sector and Industry

Table 27. Northern Territory Capital Stock by Type of asset, Institutional sector and Industry

Table 28. Australian Capital Territory Capital Stock by Type of asset, Institutional sector and Industry