Economy of Victoria (state)
The state of Victoria is the second-largest economy in Australia after New South Wales, accounting for 23.24% of the nation's gross domestic product, valued at A$515.2 billion in 2022. The economy is primarily built upon financial services, agriculture, healthcare and social assistance, tourism and construction. Victoria's main exports are agricultural and pharmaceutical products, while the largest employer in the state is the healthcare and social assistance sector.
Melbourne CBD area | |
| Currency | Australian dollar (A$ or AUD) |
|---|---|
| 1 July – 30 June | |
| Statistics | |
| GDP | A$515.2 billion (2022) |
GDP growth | 2.6% (2022/23) |
GDP per capita | A$76,357 (2021/22) |
| 0.948 (2021) very high | |
| Unemployment | 3.7% (2022/23) |
Main industries | Financial services, professional-technical services]], healthcare, education, construction |
| External | |
| Exports | A$61.8 billion (2022/23) |
Export goods | wheat, meat, Pharm products, beef, wool, dairy product |
Main export partners | China 17.2% United States 12.5% New Zealand 8.1% Japan 7.2% South Korea 4.6% |
| Imports | A$146.2 billion (2022/23) |
Import goods | Passenger and Goods motor vehicles, Refined and Crude petroleum, Pharm products |
Main import partners | China 27.2% United States 10.6% Germany 4.8% Thailand 4.6% Japan 4.5% |
| Public finances | |
Government debt | A$116.7 billion (2022/23) |
| Revenues | A$89.3 billion (2022/23) |
| Expenses | A$93.3 billion (2022/23) |
All values, unless otherwise stated, are in US dollars. | |
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