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TAG: South Australian economy
Slower growth in SA economy predicted for 2018/19
University of Adelaide economists say that they expect the South Australian economy to continue growing in 2018/19.
However, growth expectations have been revised down during the course of 2018, as a consequence of slower growth internationally and nationally, and because of slow household income growth in South Australia.
The University’s South Australian Centre for Economic Studies (SACES) […]
Populate or perish – revisited, by Michael O’Neil and Peter Gill
When Australia’s first immigration minister, Arthur Calwell, declared Australia needed to “populate or perish” he was making a statement about the country’s vulnerability to invasion in the immediate aftermath of the Second World War.
While the context has changed, the recently published ABS population projections to 2066 underscores an ongoing vulnerability. However, this time, to take […]
SA Data Wrap – GSP growth recovery continues in 2017/18; local government price inflation moderates
State Accounts
Today the ABS released its annual State Accounts publication for financial year 2017/18. This publication provides the most detailed report available on the South Australian economy in aggregate; the ABS quarterly publications are less detailed.
South Australia’s gross state product (GSP) grew by 2.0 per cent in 2017/18, compared with 2.8 per cent growth in […]
South Australian Budget 2018/19
Yesterday Treasurer Rob Lucas brought down the Marshall Government’s first Budget.
The Budget foreshadows a significant contraction in the SA public sector’s share of the economy, with the ratio of expenses to GDP projected to fall from a little over 18 per cent of gross state product (GSP) in 2017/18 to 16.4 per cent of GSP […]
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SA Data Wrap – Improved labour market and building approvals, sluggish merchandise exports
In this edition of the Data Wrap we take a look at key data releases over the past couple weeks that provide insight into the recent performance of the South Australian economy. Topics include the latest labour market report, building approval activity and performance in merchandise exports.
Strong labour market conditions in South Australia over the […]
Economic growth steady despite trade tensions and China question
University of Adelaide economists predict that South Australia’s economic growth will broadly mirror Australia’s and the global economy’s continued good performance. But there are risks from the United States’ anti-trade measures and the possibility that China will falter.
In its latest Economic Briefing Report, the University’s South Australian Centre for Economic Studies (SACES) predicts that global […]
SA Data Wrap – final demand growth slows
Demand growth slows back to trend pace
Outside monthly employment data, quarterly estimates of state final demand (SFD) provides the best gauge of recent macroeconomic developments for the South Australian economy. SFD comprises all final consumption and investment expenditures made in the state, but excludes other forms of economic activity, most notably exports.
The latest SFD estimates […]
Cost of living prominent in SA election – Michael O’Neil
The South Australian election scheduled for 17 March 2018 has turned into a three-horse race: Labor, Liberal and SA Best, led by Nick Xenophon. It is also the first outing for Cory Bernardi’s Australian Conservatives at a state level. In prospect, it is entirely possible that neither of the major parties, even with the assistance […]
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Positive signs in SA economy offset by drop in farm output
University of Adelaide economists say the outlook for the South Australian economy in 2018 is for a modest improvement in growth outside of the farm sector as a result of stronger conditions in the national and international economies. But this will be offset to a significant extent by a fall in farm production.
There have been […]
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SA Data Wrap – SA economy grows strongest in 8 years, construction activity continues to rise
South Australian enjoys strongest growth in eight years, but dependent on agriculture
State level estimates of gross domestic product, which the ABS calls gross state product (GSP), are produced by the ABS on an annual basis as part of its State Accounts series. GSP represents the total market value of all final goods and services that […]