Coronavirus Australia latest updates: Victorian MP faces grilling over botched hotel quarantine as state's 'mystery cases' rise – live news An infographic, updated monthly, summarising the composition of the Australian economy.

“In regional Victoria, creating a European-style settlement pattern with fast rail transport between regional centres and Melbourne will provide some of the benefits of big city agglomeration to places like Geelong, Bendigo and Ballarat,” Mr Rawnsley said.However, new figures from the Australian Bureau of Statistics released last week show regional Victoria’s employment rate is healthy, despite its low economic output.Victoria’s regional unemployment rate fell to 4.7 per cent in July, its lowest since 2011.Treasurer Tim Pallas said last week the figures showed the Andrews government’s halving of regional payroll tax and boosts in regional investment was growing local economies and creating jobs.Adam Carey is Education Editor. Mining 10%, Finance 9%, Health and Education 13%, Manufacturing 6%, Construction 8%.Queensland 19%, New South Wales 32%, Victoria 23%, South Australia 6%, Western Australia 15%, Tasmania 2%.Resources: 59%, Services: 19%, Rural: 10%, Manufactured: 10%China: 31%, Japan: 13%, EU: 7%, Korea: 6%, US: 5%, India: 5%The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Opposition leader Matthew Guy has spoken regularly of wanting to decentralise the Victorian economy by promoting jobs growth in the ... using economic data from the Australian Bureau of Statistics. ... "With this level of unemployment, the economy takes years to recover back to where it was," he said. Westpac has revised down economic growth forecasts since the Victorian outbreak says that by the end of the year, all Australian states will still have weaker economies than they had in December 2019. Regional Victoria is the economic laggard of Australia, contributing less per hour of labour to the nation’s wealth than any other part of the country.A decline in the competitiveness of manufacturing and in offshore gas production in Bass Strait is responsible for the low output, a study has found.The study by economic consultants SGS has exposed the economic divide that exists between Melbourne and the rest of the state, with Melbourne’s economy ranked second only to Sydney among major cities for how much wealth is generated for each hour worked.The study, which analysed changes in Australia’s gross domestic product over the past two decades, reveals how the decline in the manufacturing sector has had less economic impact in Melbourne than in regional Victoria.In greater Melbourne, manufacturing’s share of the city’s economy has fallen away heavily since the late 1990s, but has been replaced by strong growth in financial and professional services and in construction.But regional Victoria has been deprived of its share in the growth of the services economy, and remains heavily reliant on agriculture and manufacturing.Melbourne’s strong economy has made it a magnet for new arrivals, attracting 125,000 residents last year at an extraordinary growth rate of 2.7 per cent. two points in time. Victoria's regional economy lags the nation, report findsManufacturing accounts for 10 per cent of regional Victoria's economic output.Agriculture is the biggest contributor to regional Victoria's economy. He joined The Age in 2007 and has previously covered state politics, transport, general news, the arts and food. Data released today by the Australian Bureau of Statistics shows the value of Victorian building appr Victoria’s building industry is among the strongest in the nation, with the Andrews Labor Government’s sound financial management creating jobs and ensuring the state’s economy continues to grow. This website is best viewed with JavaScript enabled, interactive content that requires JavaScript will not be available.

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