Sydney, Melbourne economic sinkholes engulf nation
Advertisement
Last Friday, the Australian Bureau of Statistics (ABS) released its State Accounts for 2018-19, which contained some interesting data on the trade performance of Australia’s states and territories.
The summary charts for Australia’s major states are provided below:

And here’s the chart combining the above trade balances:
Advertisement

The full text of this article is available to MacroBusiness subscribers
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.