Australian GDP: $920 billion (2009) QLD:

Exports Coal & Agriculture

Exports: $65b
Coal $30b
Beef $3b
NT
Imports: $41b

Bubble
The Commonwealth
conundrum:
The Reserve Bank will want to
raise interests rates to slow the
boom states (WA, QLD), which
would hurt NSW and VIC due to
QLD
more sluggish economies

SA NSW
WA
NSW + VIC:
Imports
Slower Good & Services
WA: Exports Minerals economy
Exports $92b VIC NSW:
Iron ore & concentrates $33b Exports: $60b
Gold $16b Imports: $100b
VIC:
Imports $42b TAS Exports: $30b
Imports: $70b
source: Dept of Foreign Affairs & Trade http://www.dfat.gov.au/GEO/fs/ 2008-09 numbers