@debra9275 wrote:
I get that info from reviews like these
https://7news.com.au/business/economy/tasmania-ties-vic-for-best-state-economy-c-1000111
“Victoria has now held top position in the economic rankings - either outright or shared - for eight quarterly surveys,” CommSec said.
Victoria fell four spots on equipment investment, three spots on dwelling starts and two on relative unemployment while improving on housing finance.
this second link is from last year,
https://www.afr.com/policy/economy/victoria-cements-status-as-best-performing-economy-20191025-p534c...
there is a current one that was done this month showing Tassie number one Vic number 2 NSW number 4
The standard figure used for accounting purposes world wide is GSP per capita. ( or GDP per capita for countries ). This figure shows how much production and wealth each person creates and earns. It encompasses everything from unemployment, housing construction, the number of people on benefits compared to those working, mining, manufacturing and everything else into a single standardised figure. ie. it compares apples with apples, not apples with oranges.
On this basis, Victoria is performing very poorly when compared to other states. It also supports a concern I have been putting forward for awhile, that while constant immigration might generate never ending housing construction and consumption of consumables, it actually makes each individual state resident poorer as fixed state resources ( such as land water, mining and agricultural production ) are shared with an ever greater number of people.
While channel seven figures might show whatever the station wants them to show, ( fluff piece directed at viewers in that state ) the professional, accounting grade statistics recognised as the standard measure world wide, show Victoria was already performing very poorly even before Covid.
That aside, I do hope you are right and Victoria's economy can recover quicker than expected. With a quarter of Australia's population residing in the state, a slow recovery there will affect everyone.
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