WA Leads CommSec State Of States For Third Time
The WA Labor Government’s strong focus on economic output, job creation, diversifying the economy and building more things in Western Australia has been highlighted once again, with the State named Australia’s “best performing economy” in CommSec’s latest State of the States report.
It marks the third consecutive report with Western Australia leading the nation, with CommSec stating WA had “cemented its position as Australia’s top economic performer”.
The State ranks first on five of eight economic indicators, including:
Reflecting sustained growth in business investment, WA jumped to second for spending on new plant and equipment (25.1 per cent higher than the decade average) while moving up the rankings on construction work to third (12.6 per cent higher than the decade average).
The CommSec report also places Western Australia first for economic momentum, with the State recording strongest annual growth rates for five of eight economic indicators.
As stated by Premier Roger Cook:
“This report confirms Western Australia continues to be the engine room of the national economy.
“We want to keep it that way by working closely with our resources industry, making more things here and diversifying our economy for the future.
“While we will continue to play our part in maintaining Australia’s prosperity, we know some people are still being affected by global headwinds like inflation.
“That’s why my government will remain focused on investing in health and building more houses while continuing to grow WA’s economy.
“Already, building commencements are up in the December quarter – and my government will continue to build on that work and ensure every Western Australian has a home.”
As stated by Treasurer Rita Saffioti:
“The CommSec State of the States report released today highlights that Western Australia’s economy continues to be the engine room of the nation.
“Despite global headwinds, including uncertainty caused by US tariffs, our economy remains resilient.
“The strong results reflect our ongoing focus on growing and diversifying the economy, creating jobs, and boosting local manufacturing.
“It’s also significant to note that our measures to boost housing supply are working with dwelling construction starts and housing finance the strongest in the nation.”
https://www.wa.gov.au/government/media-statements/Cook Labor Government/WA-tops-CommSec-State-of-the-States-for-the-third-consecutive-time-20250428