Coronavirus (COVID-19) update
As previously disclosed, due to COVID-19, Queensland’s Budget has been deferred and the Queensland Government has released its September COVID-19 Fiscal and Economic Review (C19-FER). Content published on this website is as at the date indicated, and may not reflect the C19-FER update or latest COVID-19 impacts.

Queensland’s economy and trade

Queensland's economic output by sector

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Queensland has a diverse economy with services making up a significant proportion of overall output.

*Public sector and utilities includes: public administration and safety; and electricity, gas, water, waste services.
** Natural resources includes the extraction of naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas.
***Other includes: dwellings; professional, scientific and technical services, accommodation and food services; other services; administrative and support services; arts and recreation.
2018-19, Gross Value Added, current prices

Queensland’s goods and services exports 2019-20

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Similar to its diversified domestic economy, Queensland has a well balanced mix of goods and services exports.

Nominal terms ($ billions). Data sources: ABS unpublished trade data, Queensland Treasury. Note: 2019-20 and beyond are forecasts and projections.

Queensland's economic performance*

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Economic growth has consistently outperformed the average of advanced economies

*Advanced economy data are calendar year terms, while Queensland data are financial year terms. Advanced economy data are constant prices. QLD data are Chain volume measure (CVM), 2017-18 reference year.
Note: 2019-20 and beyond are forecasts and projections.
Data sources: IMF, ABS, Queensland Treasury.