List of Australian states and territories by gross state product

This is the most recent list of Australian states and territories by gross state product (GSP) and GSP per capita. Also included are the GSP and population growth tables as well as a comparison table showing the surplus/deficit between state final demand (SFD) and GSP for the same financial year. All the data was taken from the Australian Bureau of Statistics website.

States and territories by GSP per capita

  > 100,000

  155,000 - 95,000

  95,000 - 85,000

  85,000 - 75,000

  < 75,000

State or territory	GSP per capita (A$, 2023–24)	GSP per capita growth (2023–24)	GSP per capita as a ratio to national
Western Australia	151,156	0.48%	1.579
Northern Territory	135,559	4.60%	1.416
Australian Capital Territory	112,324	3.96%	1.195
New South Wales	92,948	1.22%	0.971
Queensland	92,350	2.11%	0.965
Victoria	83,209	1.52%	0.874
South Australia	75,706	1.19%	0.791
Tasmania	70,594	1.38%	0.737
Australia (GDP)	96,019	1.43%	1.000

States and territories by GSP growth and share of national economy

  > 500,000

  500,000 - 300,000

  200,000 - 100,000

  < 100,000

State or territory	Share of National Economy (%, 2023–24)[1]	GSP (million $AUD, 2009–10)	GSP (million $AUD, 2023–24)	Annual Growth Rate (2022–23)
New South Wales	30.28%	500,555	788,608	1.22%
Victoria	22.31%	360,958	580,918	1.52%
Queensland	19.81%	295,005	515,895	2.11%
Western Australia	17.21%	213,988	448,207	0.48%
South Australia	5.46%	98,685	142,175	1.19%
Australian Capital Territory	2.04%	29,917	53,253	3.96%
Tasmania	1.56%	27,350	40,620	1.38%
Northern Territory	1.33%	26,435	34,581	4.60%
Australia (GDP)	100.00%	1,542,946	2,604,257	3.60%

States and territories by population growth

State or territory	Population[2] (June 2010)	Population (June 2024)	National population share (%, June 2024)	Annual Growth Rate (2019–24)	Comparison as multiple of (June 2010 vs. June 2024)
Victoria	5,461,101	6,929,000	26.07%	1.49%	1.226
Australian Capital Territory	361,766	436,713	1.68%	1.13%	1.192
Queensland	4,404,744	5,387,000	20.15%	1.58%	1.175
Western Australia	2,290,845	2,918,000	10.36%	1.47%	1.162
New South Wales	7,144,292	8,431,000	31.79%	0.95%	1.143
South Australia	1,627,322	1,792,000	6.89%	0.95%	1.087
Northern Territory	255,407	245,980	0.96%	0.07%	1.071
Tasmania	530,100	540,569	2.10%	1.11%	1.062
Australia	22,028,695	27,594,000	100.00%	1.27%	1.166

States and territories by comparison between SFD and GSP

State or territory	SFD[3] (million A$, 2019–20)	GSP (million A$, 2018–19)	Surplus / Deficit
New South Wales	603,043	629,117	26,074
Victoria	483,407	461,248	−22,159
Queensland	361,478	367,468	5,990
Western Australia	203,910	288,225	84,315
South Australia	118,626	109,843	−8,783
Australian Capital Territory	54,040	39,956	−14,084
Tasmania	35,142	31,993	−4,099
Northern Territory	23,482	24,830	1,348
Australia (DFD)	1,884,078	1,952,680	68,602

Historical gross state product (since 1989–90)

• Gross State Product (million A$) since 1989–90
• 
  New South Wales
• 
  Victoria
• 
  Queensland
• 
  Western Australia
• 
  South Australia
• 
  Australian Capital Territory
• 
  Tasmania
• 
  Northern Territory
• 
  Australia (GDP)

See also

• Economy of Australia
• Home ownership in Australia
• Median household income in Australia and New Zealand
• States and territories of Australia