Market Drivers

Economy

Sebastian Ozturk Queensland Research Analyst s.ozturk@oliverhume.com.au

The fundamentals of Queensland’s economy remain strong despite recent headwinds including higher interest rates, higher inflation and floods.

Population growth remains a key driver of economic growth with Queensland continuing to lead the nation in terms of interstate migration.

Queensland’s diversified economy remains a strength and includes energy, mineral resources, tourism, agriculture and manufacturing industries.

Unemployment remains extremely low with steady employment growth forecast.

Queensland Employment Growth

Source: ABS, Queensland Treasury. Change in the number of persons employed on either a full-time (at least 35 hours per week) or part-time (at least one hour per week) basis, in Queensland, during a monthly period.