Victoria leads the economic rankings, closely followed by the ACT and Tasmania, with Queensland not far behind in fourth position, with little separating the top four positions.
Queensland has the best-performing economy in Australia, according to CommSec's latest State of the States report. The Sunshine State has been named the top-performing state economy, thanks to strong population growth, a solid job market and overseas demand for energy resources, such as coal and natural gas.
After maintaining the highest standard of community well-being for seven consecutive years, it comes as no surprise that the Australian Capital Territory (ACT) cemented itself as the best place to live in Australia.
Tasmania has been ranked by CommSec as having the country's best-performing economy. Queensland and South Australia have come in at equal second, followed by New South Wales.
In Australia the powers of the King have been delegated by the Australian Constitution to his representative in Australia, the Governor-General. That is, while Australia's head of state is the King, the functions of head of state are performed by the Governor-General.
Australia is ranked 16 of 145 out of the countries considered for the annual Global Firepower review. The nation holds a Power Index score of 0.2567 with a score of 0.0000 being considered exceptional in the GFP assessment.
California, the largest economy in the United States, has a GDP of $3.5 trillion and a GDP per capita of $89,540.
1. California
California, the nation's most populous state, has the largest state GDP of $3,599,103,000,000. California's median household income is $78,672, the seventh-highest in the U.S.
Personal finance website says Washington has the best economy of all U.S. states in 2023.
Australians living in rural areas have the highest wellbeing, marginally ahead of those in capital and regional cities. Queensland claimed the title of the country's happiest state.
Tasmania is bursting with prime natural landscapes that most of Australia has never before encountered. The majestic Bay of Fires is a small seaside village on the East Coast of Tasmania and home to one of Australia's top ten beaches.
Queensland had the fastest growing population over the year to March 2022, followed by Western Australia and South Australia. Annual population growth in New South Wales and Victoria increased from the previous quarter, while growth in the Northern Territory was slow but positive.
The most advantaged Australians are overwhelmingly living by the water in Sydney, Perth, and Darwin. Meanwhile, the most disadvantaged people are living in rural and remote parts of Queensland and the Northern Territory.
The median wealth for Australian adults is $415,000. But that figure has surged by a whopping $42,000 last year alone, thanks to the continuing climb in property prices. The growing wealth of Australia's richest people has also had a significant impact. When calculated by the mean, Australia is in fourth place.
The three U.S. states with the lowest GDPs were Vermont ($40.6 billion), Wyoming ($47.4 billion), and Alaska ($63.6 billion).
California is home to the most billionaires — not just in the US, but in the world, according to Forbes. Los Angeles, in particular, is a hot spot. Some billionaires there have names that light up Hollywood marquees, like director Steven Spielberg.
North Dakota
North Dakota takes the cake as the best state in the U.S. to save money in. With the third lowest debt-to-income ratio in the country for Q3 2022—and the second lowest percentage of income spent on housing costs and rent—North Dakotans are able to keep more money in their pockets.
Australian Defence Force personnel are deployed to operations overseas and within Australia, in order to actively protect Australia's borders and offshore maritime interests.
Since that time, United States has been the most important security ally. The close security relationship with the United States was formalized in 1951 by the Australia, New Zealand, United States Security (ANZUS) Treaty which remains the cornerstone of Australian security arrangements.
Australia could become a superpower in the global transition to decarbonisation according to the final modelling results of the Pathways to Net Zero report recently released by Net Zero Australia.