Economic Forecasts
Major Economic Aggregates
Western Australia
Annual Growth
| |
2011-12
Actual
%
|
2012-13
Budget Estimate
%
|
2012-13
Mid-year Revision
%
|
2013-14
Forward
Estimate
%
|
2014-15
Forward
Estimate
%
|
2015-16
Forward
Estimate
%
|
Gross State Product (GSP)
|
6.7
|
4.75
|
6.0
|
5.0
|
4.25
|
4.25
|
Gross State Income (GSI)
|
6.6
|
2.5
|
1.25
|
2.75
|
2.25
|
2.25
|
Employment
|
3.7
|
2.75
|
3.25
|
2.25
|
2.0
|
1.75
|
Unemployment Rate(a)
|
4.0
|
4.25
|
4.25
|
4.5
|
4.5
|
4.5
|
Consumer Price Index (CPI)
|
2.2
|
3.5
|
3.25
|
3.0
|
3.0
|
3.0
|
Wage Price Index (WPI)
|
4.3
|
4.5
|
4.5
|
4.25
|
4.25
|
4.25
|
Population
|
3.0
|
2.3
|
2.8
|
2.4
|
2.3
|
2.3
|
(a) Average rate over the year.