1367.0 - State and Territory Statistical Indicators, 2012  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/06/2012  Final
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STATE FINAL DEMAND



In Queensland in the March quarter 2012:
  • The trend estimate for state final demand increased by 0.5% on the previous quarter, and 7.8% over the previous year, in volume terms
  • In trend terms, state final demand from the previous quarter was strongest for NT (up 5.4%), and WA (up 3.1%), while Tasmania was the weakest, with a decrease of 0.3%.


Graph Image for State Final Demand, quarterly change, Queensland

Source(s): Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0)


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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.