Western Australia is the top region by GDP per capita in Australia. As of 2021, GDP per capita in Western Australia was 135,479 $.
New South Wales: a diverse economy and high income
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
The richest states in the US are New York, Massachusetts, Washington, California, North Dakota, Connecticut, Delaware, Alaska, Nebraska, and Illinois. The richest state in America is New York, with a GDP per capita of $96,502.
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
Victorians pay the most in tax across the country
Per capita, Victorians pay more tax than anyone else in the country, with the state and local councils slugging taxpayers an average of $5638 – including in land tax, stamp duty and rates – on top of the $21,365 everyone pays to the Commonwealth.
The Sydney City is Australia's main financial and economic centre, as well as a leading hub of economic activity for the Asia Pacific region. The city centre and areas immediately around it employ approximately 22% of the Sydney region's workforce.
With 126,900 millionaires, Sydney made it to number 10 with the report noting especially strong growth in wealth in the Harbour City over the past 20 years, making it Australia's wealthiest city. It's also predicted to reach the top 5 wealthiest cities in the world by 2040.
The state of Victoria holds the mantle of Australia's best performing economy, pipping Tasmania after nine consecutive quarters, a quarterly CBA report shows.
Wallethub.com released a report on Monday, June 5th, on 2023's Best and Worst State Economies and Washington ranks number one. The Evergreen state ranks first in exports per capita, second in percent of jobs in tech, and in the top ten in both annual median income and change in nonfarm payroll.
Preliminary current dollar GDP estimates also released today for the full year of 2022 show the Texas economy grew to an estimated $2.36 trillion in size—up from $2.1 trillion in 2021. This represents an estimated growth rate of 14.8%, faster growth than the nation as a whole.
by state U.S. 2020. In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets.
Which are the top 10 agriculture-producing States? The top 10 agriculture-producing States in terms of cash receipts in calendar year 2021 were (in descending order): California, Iowa, Nebraska, Texas, Minnesota, Illinois, Kansas, Indiana, North Carolina, and Wisconsin.
No suburb in the country features a greater concentration of members of The List – Australia's Richest 250 than Toorak, where Melbourne's wealthiest families have gathered for decades. Think historic looking mansions guarded by large hedges set back from the street to ensure privacy.
WA is ranked by the Fraser Institute as the top region in the world for mining investment. The state hosts 98 per cent of Australia's iron ore. Approximately 60 per cent of Australia's gold reserves can be found in WA. The sector directly employs more than 20,000 people.
NSW is home to 38 per cent of the country's richest people, with 96 men and women making the list of Australia's 250 wealthiest people this year. The large majority of Australia's 131 billionaires live on the east coast, with 44 choosing to reside in NSW.
Wyndham in Victoria was Australia's fastest growing region over the past three years, with an additional 34,500 to its population between 2019-2022 for a December estimate of 308,900 residents.
Australians are the richest people in the world, with a median wealth three times that of the average American, a new report has shown.
The Gold Coast is Australia's sixth largest city and one of its fastest growing. With GDP (Gross Region Product) estimated to be more than $35 billion, with a five year average annual growth rate of 4.4 per cent and a multi-cultural population of 590,000 people.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
As of 2021, GDP per capita in Western Australia was 135,479 $. The top 5 regions also includes Australian Capital Territory, Northern Territory, New South Wales, and Victoria.
The United States and the United Kingdom remain the two largest economies for Australian investment. At the end of 2022, Australian investments in the US totalled $1.1 trillion and our investment in the UK was $836 billion.
Given the United States has the largest economy in the world and the U.S. dollar is the dominant global reserve currency, the United States has the most leading financial cities in the world, including the leading financial center in the world in New York City.
The strongest capital city markets – the ones that are defying downturn pressures – are the ones that offer the most affordable prices: Adelaide, Perth and Darwin.