Engineers Australia: Infrastructure falling way behind population

Advertisement

Engineers Australia has released a new report, which draws on quarterly engineering construction statistics published by the Australian Bureau of Statistics (ABS) to capture long-term infrastructure trends.

Engineers Australia found that infrastructure spending has been on a downward trajectory over the past decade, and has failed dismally to keep pace with the nation’s rampant population growth:

The focus is on infrastructure completed on the ground collectively by the three levels of government and the private sector. Financial and political announcements are not considered. The statistics reviewed have been deflated to remove the effects of inflation…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.