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ACT economy the equal of Ethiopia

The ACT’s economy now rivals that of the entire nation of Ethiopia.

The Australian Bureau of Statistics reported on Wednesday that Canberra’s economic output for the last financial year was $31.5 billion.

Of that, public administration and safety make up around one third – $9.8 billion – followed by $3 billion from construction.

The territory’s output has grown by $7 billion over the last eight years, according to the bureau.

The most recent rankings of nations’ gross domestic product shows Ethiopia at US$31.7 billion in 2011.

With the boom continuing in Western Australia, the ABS figures show that state now accounts for 16.2 per cent of the national output, with the other resources-rich state, Queensland, supplying 19 per cent, while NSW remained dominant, at 34 per cent.

 

3 comments

  • Shh, don't tell anyone or Bob Geldof will want to do a concert here

    Commenter
    youknowforkids
    Location
    Canberra
    Date and time
    November 22, 2012, 10:01AM
    • It would be better to see some more appropriate comparisons. Why not compare ACT to similar economies, such as Luxembourg or Andorra. It's probably better to compare similar city states, instead of comparing the ACT with a third-world country with different living standards.

      Commenter
      Jason
      Location
      Canberra
      Date and time
      November 22, 2012, 1:15PM
      • Except the ACT is still way behind Ethiopia in many ways. Addis Ababa is getting a 30km light rail network!

        Commenter
        Meanwhile
        Location
        in the real world
        Date and time
        November 22, 2012, 3:39PM
        Comments are now closed
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