WA has tumbled in the economic rankings from first to seventh among the states and territories in only two years.
West Australian Treasurer Mike Nahan has dismissed a report showing the state has tumbled from first to seventh among the nation's economies in just two years.
Dr Nahan says the state's economy is still strong and it would have been impossible for it not to decline after the biggest mining boom in the nation's history over the past decade.
Queensland and Western Australia have each fallen one place on the latest Commsec State of the States report list to sixth and seventh respectively but there is now little separating the three bottom-ranked economies including Tasmania.
NSW has extended its lead over Victoria as the nation's strongest economy, based on economic growth indicators such as spending on retail and equipment investment, population growth, unemployment, construction work and housing finance.
Western Australia comes last in terms of unemployment, which hit six per cent earlier this year, third on retail trade, fourth on construction work and seventh on business investment, population growth and housing finance.
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