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Last Friday, the ABS released its annual State Accounts, which prompted the below boast from Victorian Treasurer Tim Pallas:
Victoria has recorded its fourth consecutive year of above-trend economic growth in 2018-19, with results well above the national average and the highest of the mainland states.
Australian Bureau of Statistics data released today shows Victoria’s real gross state product grew by 3 per cent in 2018-19. By comparison, national growth was just 1.9 per cent for the year.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.