In the September quarter 2011, the Victorian trend estimate of state final demand increased by 0.5% on the previous quarter, and 2.1% over the previous year, in volume terms.
The seasonally adjusted estimate in the September quarter 2011 decreased by 0.1% from the previous quarter.
In trend terms, growth during the quarter was strongest for WA (up 4.1%), and Queensland (up 2.9%). SA was the weakest, with a negative growth of 0.2%.
How is economic growth rate measured in your state or territory?
State final demand is a measure of economic demand for products in the economy. It is an aggregate obtained by summing government final consumption expenditure, household final consumption expenditure, private gross fixed capital formation and the gross fixed capital formation of public corporations and general government. It is different from Gross State Product (GSP) as it excludes international and interstate trade as well as change in inventories.
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