Queensland's key economic figures

Queensland's key economic figures ahead of Saturday's state election.

QUEENSLAND'S ECONOMY IN A NUTSHELL:

--

Unemployment:

* The state's jobless rate for October was 6.0 per cent, seasonally adjusted, up from 5.9 per cent in September.

* The unemployment rate was 6.4 per cent at the time of the January 2015 poll and peaked at 6.7 per cent in April that year.

* Labor claims 122,500 jobs have been created during its term of government.

--

Debt:

* Currently $72 billion, below the $80 billion it has been forecast to hit in 2017/18 by the Newman government.

* Projected to hit $81 billion by 2020/21.

* Treasurer Curtis Pitt says the state will never have a clean balance sheet: "There is no case in Queensland where you will ever see zero debt, let's be clear about that."

* LNP Leader Tim Nicholls has promised to reduce debt but has so far failed to say how: "What we've said is we'll maintain a balance over the economic cycle."

--

Growth:

* Queensland's economy grew 1.8 per cent during 2016/17.

* The state budget had forecast growth of 2.75 per cent for the year.


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world