• Economic Forecasts

    Major Economic Aggregates

    Western Australia, Annual Growth %

     

      2016-17
    Actual

    %
    2017-18
    Estimated
    Actual
    %
    2018-19
    Budget
    Estimate
    %
    2019-20
    Forward
    Estimate
    %
    2020-21
    Forward
    Estimate
    %
    2021-22
    Forward
    Estimate
    %
    Gross State Product -2.7 2.5 3.25 3.75 3.0 3.0
    State Final Demand -7.2 -0.25 -0.25 3.75 3.75 3.75
    Employment -0.9 2.25 1.5 2.0 2.25 2.25
    Unemployment Rate(a)  6.2 5.75 5.75 5.5 5.25 5.0
    Consumer Price Index    0.6 1.0 1.5 2.0 2.5 2.5
    Wage Price Index 1.4 1.5 1.75 2.75 3.0 3.25
    Population 0.7 1.0 1.2 1.5 1.8 2.0

    (a) Data expressed as annual average during the financial year.

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Treasury plays a central role in managing Western Australia’s public sector finances and in providing expert analysis and advice on the strategies and frameworks necessary for maintaining the State’s economic and financial position.

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