Queensland has a consistent track record of growing more rapidly than the national average through strong population growth, agriculture, tourism and a highly successful resources sector. But there is an opportunity to accelerate that outperformance and diversify traditional strengths with emerging sectors.
Under a business-as-usual scenario, Queensland’s economy will grow 31 per cent over the 10 years to 2032–33. But if new opportunities – for example critical minerals and hydrogen – are fully developed, a more optimistic scenario emerges, with the state economy expanding 46 per cent.
Camila Salazar is Content Producer at bluenotes
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
28 Mar 2023