About Queensland

Queensland is Australia’s second largest state by land area, covering more than 22 per cent of the continent. The economy is the third largest in Australia, after New South Wales and Victoria. Queensland has a diverse economy and holds a credit rating of AA+/Negative/A-1+ by S&P Global and Aa1/Stable/P-1 by Moody’s. Queensland’s natural wonder, the Great Barrier Reef, extends over some 2,000km, covering more than a quarter of the State’s 7,400km of coastline. With a population of 5.6 million, more than 20 per cent of Australians live in Queensland. Around 3.5 million Queenslanders live in the State’s south-east corner.

¹Fiscal year 2024

²Long-run trend

³As at 30 September 2024

Data sources: Australian Bureau of Statistics and Bloomberg.

Ratings: Queensland and QTC are rated AA+/A-1+/Negative by S&P Global and Aa1/P-1/Stable by Moody’s. Australia is rated AAA/Stable by S&P Global and Aaa/Stable by Moody’s. As at 19 February 2025.