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New data shows the ACT and Queensland’s economies are beating the rest of the nation

By John Hawkins, Head, Canberra School of Government, University of Canberra

The Australian Capital Territory and Queensland have won bragging rights for having the fastest growing economies in Australia in 2024-25.

Their growth was highlighted in annual data on gross state product (GSP), released by the Australian Bureau of Statistics.

GSP is the state and territory equivalent of gross domestic product (GDP), the most commonly used measure of the size of the national economy.

Across…

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