SA Economy

[abc]

South Australia has had negative interstate migration since the 1970s, as has New South Wales. It's been an ongoing issue for both states for a very long time.

I'm not sure that's entirely true. I thought S.A's net interstate migration losses only became entrenched from 90/91 onwards (State Bank collapse and extended recession). Happy to see some stats though, I might even look it up myself at some point.

Here's the net interstate migration flow from 1981 onwards. Keep in mind that these are quarterly figures.

Net Interstate Migration.png

For data before 1981, check this document from the ABS here: https://www.ausstats.abs.gov.au/ausstat ... 6_1981.pdf
The relevant data is on the final page under Table 25.

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

[rubberman]

I'm not sure that's entirely true. I thought S.A's net interstate migration losses only became entrenched from 90/91 onwards (State Bank collapse and extended recession). Happy to see some stats though, I might even look it up myself at some point.

Here's the net interstate migration flow from 1981 onwards. Keep in mind that these are quarterly figures.

Net Interstate Migration.png

For data before 1981, check this document from the ABS here: https://www.ausstats.abs.gov.au/ausstat ... 6_1981.pdf
The relevant data is on the final page under Table 25.

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

Just before Victorians returned the ALP to power with a crushing victory...effectively endorsing everything he did. It must have made Sky "news" (lol) foam at the mouth at their impotence and irrelevance that nobody with the slightest amount of intelligence listened to them. Apparently there weren't as many cookers in Victoria as they thought.

[abc]

Here's the net interstate migration flow from 1981 onwards. Keep in mind that these are quarterly figures.

Net Interstate Migration.png

For data before 1981, check this document from the ABS here: https://www.ausstats.abs.gov.au/ausstat ... 6_1981.pdf
The relevant data is on the final page under Table 25.

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

Just before Victorians returned the ALP to power with a crushing victory...effectively endorsing everything he did. It must have made Sky "news" (lol) foam at the mouth at their impotence and irrelevance that nobody with the slightest amount of intelligence listened to them. Apparently there weren't as many cookers in Victoria as they thought.

you do realise the people that fled didn't vote for him

what's a cooker?

[rubberman]

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

Just before Victorians returned the ALP to power with a crushing victory...effectively endorsing everything he did. It must have made Sky "news" (lol) foam at the mouth at their impotence and irrelevance that nobody with the slightest amount of intelligence listened to them. Apparently there weren't as many cookers in Victoria as they thought.

you do realise the people that fled didn't vote for him

what's a cooker?

Looks like they must have voted for the ALP in SA.

[Jaymz]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

[abc]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

these economic figures are relative figures..ie relative to the same state

so we're doing best relative to our own figures in the past

if we actually had the best performing economy in the nation we wouldn't have one of the lowest population growths... population follows economy

[Jaymz]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

these economic figures are relative figures..ie relative to the same state

so we're doing best relative to our own figures in the past

if we actually had the best performing economy in the nation we wouldn't have one of the lowest population growths... population follows economy

Thanks for your insights. WA's economic growth was 0%, my apologies...... it says "broadly unchanged"

[mattblack]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

these economic figures are relative figures..ie relative to the same state

so we're doing best relative to our own figures in the past

if we actually had the best performing economy in the nation we wouldn't have one of the lowest population growths... population follows economy

Thanks for your insights. WA's economic growth was 0%, my apologies...... it says "broadly unchanged"

Another fantastic result for SA. For us to be considered to have the best increase in performance in 4 key economic drivers clearly indicates that the state is on the right path from a historically low base. With massive infrastructure spends still not being factored in that would indicate a continued growth trajectory for quite a few years to come. Unemployment did increase so probably not in line for a three-peat.

[mattblack]

and it continues ......

Back-to-back-to-back: SA only state growing exports

South Australia is the only state in the nation to grow its exports according to latest trade stats as trade with China continues to soar – up nearly 40 per cent year-on-year.
The state’s merchandise exports reached $17.7 billion in the year to March 2024, growing by 2.8 per cent, against a nationwide decrease of 10 per cent over the same period.

This is the eighth consecutive month that South Australia’s export growth has outpaced the nation, and the third consecutive month as the only state to experience export growth.

China remained the state’s largest export destination, up 39 per cent year-on-year to $3.62 billion. The United States continues to be the state’s second largest export destination, up 23 per cent to $1.9 billion with Malaysia once again, our third largest export destination at $1.2 billion.

The South Australian Government hopes to see this strong result strengthened by China’s decision in March to remove all remaining trade barriers on Australian wine. Concerted efforts by both the State and Federal Governments to stabilise the trading relationship between the two nations is now bearing fruit.

On 30 March, Premier Malinauskas announced a $1.85 million China Re-Engagement Support Package for South Australian wine exporters and grape growers – giving the state’s wine businesses the support and advice they need to confidently re-enter the large and dynamic market of China.

There were strong export results across Southeast Asia with Vietnam, Indonesia and Thailand experiencing export uplifts of 31, 30 and 29 per cent respectively.

[SBD]

and it continues ......

Back-to-back-to-back: SA only state growing exports

South Australia is the only state in the nation to grow its exports according to latest trade stats as trade with China continues to soar – up nearly 40 per cent year-on-year.
The state’s merchandise exports reached $17.7 billion in the year to March 2024, growing by 2.8 per cent, against a nationwide decrease of 10 per cent over the same period.

This is the eighth consecutive month that South Australia’s export growth has outpaced the nation, and the third consecutive month as the only state to experience export growth.

China remained the state’s largest export destination, up 39 per cent year-on-year to $3.62 billion. The United States continues to be the state’s second largest export destination, up 23 per cent to $1.9 billion with Malaysia once again, our third largest export destination at $1.2 billion.

The South Australian Government hopes to see this strong result strengthened by China’s decision in March to remove all remaining trade barriers on Australian wine. Concerted efforts by both the State and Federal Governments to stabilise the trading relationship between the two nations is now bearing fruit.

On 30 March, Premier Malinauskas announced a $1.85 million China Re-Engagement Support Package for South Australian wine exporters and grape growers – giving the state’s wine businesses the support and advice they need to confidently re-enter the large and dynamic market of China.

There were strong export results across Southeast Asia with Vietnam, Indonesia and Thailand experiencing export uplifts of 31, 30 and 29 per cent respectively.

The headline sounds good, but the detail sounds like it is slowly restoring wine exports to China that had stopped. I wonder what else is exported from this state and what is or isn't counted from others. I guess it's a report on growth, not a report on absolute value. WA continuing to export iron ore, Queensland continuing to export gas, NSW continuing exports of coal and anyone continuing to export wheat and wool count for nothing as far as growth is concerned.