1367.5 - Western Australian Statistical Indicators, Dec 2006
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 10/01/2007
|Page tools: Print Page Print All|
WA trade and inflation up but full-time study reduced by booming economy: ABS
The surging Western Australian economy has seen a drop in full-time study, big increases in the value of overseas exports and a higher than national average rate of inflation.
This is according to an Australian Bureau of Statistics (ABS) WA scoresheet released today.
More of WA's youth choose work over study
At the time WA's economy surged ahead, the participation of the state's 15-19 year olds in full-time education dropped, from an all time high of 67% in August 2003 to 61% in August 2006. At the same time the unemployment rate of the state's 15-19 year olds also dropped, from 16% to 10%.
Despite the fall in education participation:
Since 2004 Perth's CPI has grown by 9.1%, much faster than Melbourne (6.6%), Sydney (6.8%), Brisbane (7.3%) and faster than the national growth rate (7.1%). Perth's growth has mainly been the result of escalating housing costs and the lag in Perth's housing cycle behind the 2002-03 boom in the eastern states.
Export values increase
The value of WA's exports increased 48% in the two years to 2005-06 (to $47,805 million), with much of this growth due to higher exports prices.
More information is found in the December quarter issue of Western Australian Statistical Indicators (cat. no. 1367.5).
These documents will be presented in a new window.