Western Australia is a major exporter of natural resources, including gold and liquefied natural gas, and is the world’s largest producer of iron ore. While most of the mines and gas fields are located in remote WA, the economic benefits of the industry flow throughout the entire state.
2018 WA State Budget overview
WA is allocated money from the goods and services tax (GST) through a system created with the other states and territories as well as the federal government. Bankwest Chief Economist Alan Langford explains how WA’s GST allocation is changing and what it means for the state.