Winning Economy: Victoria, The State Leading The Nation

02:55' 16-11-2016

More jobs, robust retail spending and ongoing construction activity have underpinned Victoria’s position as the only state with above-trend economic growth and momentum, according to the latest ANZ Stateometer report.

Population growth in NSW and Victoria is helping drive continued economic growth.

Photo: Tamara Voninski

The Andrews Labor Government’s push to put people first – through record investment in transport, hospitals and school upgrades – has led to Victoria being the only state to record an increase in full-time jobs.

More than 162,000 jobs have been created since we were elected and more than 89,000 of those are full-time positions.

The ANZ report echoes the October Commsec State of the States report, which showed Victoria was leading the nation in annual economic growth.

Commsec reported a 5.4 per cent rise in economic growth, thanks to our rising population, robust retail spending and construction work.

Construction activity, highlighted in the latest ABS building figures, shows Victoria’s ongoing approvals for both new houses and commercial projects continues to out-perform the other states and will deliver more homes and more jobs.