Gold Coast, Queensland - Economy

Economy

In fifty years, Gold Coast City has grown from a small beachside holiday destination to Australia's sixth largest city. Situated within South East Queensland’s growth corridor, the city is now considered Australia’s fastest growing large city, with a 5-year annual average population growth rate of 3.4%, compared to 1.2% for Australia. Gross Regional Product has risen from A$9.7 billion in 2001, to A$15.6 billion in 2008, a rise of 61 percent. Tourism remains fundamental to Gold Coast City’s economy, with almost 10 million visitors a year to the area. In the past the economy was driven by the population derived industries of construction, tourism and retail. Some diversification has taken place, with the city now having an industrial base formed of marine, education, information communication and technology, food, tourism, creative, environment and sports industries. These nine industries have been identified as the key industries by the Gold Coast City Council to deliver the city’s economic prosperity. Gold Coast City’s unemployment rate (5.6 per cent) is below the national level (5.9 per cent).

Read more about this topic:  Gold Coast, Queensland

Other articles related to "economy":

Scotland - Economy and Infrastructure
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries. 1970s and 1980s saw a shift from a manufacturing focus towards a more service-oriented economy ...
Katanga Province - Economy
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
Quincy, Massachusetts - Economy
... During its history Quincy has been known as a manufacturing and heavy industry center, with granite quarrying dominating employment in the 19th century and shipbuilding at Fore River Shipyard and Squantum Victory Yard rising to prominence in the 20th century ... The recent decades have seen a shift in focus to several large employers in the financial services, insurance and health care sectors of the economy ...
Iran–Iraq War - Home Front - Iran - Economy
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
Great Depression - Causes - Demand-driven - Keynesian
... argued in General Theory of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... employed, governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep production at the normal ...

Famous quotes containing the word economy:

    Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
    Henry David Thoreau (1817–1862)

    It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.
    Henry David Thoreau (1817–1862)

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)