SA Economy

[abc]

South Australia has had negative interstate migration since the 1970s, as has New South Wales. It's been an ongoing issue for both states for a very long time.

I'm not sure that's entirely true. I thought S.A's net interstate migration losses only became entrenched from 90/91 onwards (State Bank collapse and extended recession). Happy to see some stats though, I might even look it up myself at some point.

Here's the net interstate migration flow from 1981 onwards. Keep in mind that these are quarterly figures.

Net Interstate Migration.png

For data before 1981, check this document from the ABS here: https://www.ausstats.abs.gov.au/ausstat ... 6_1981.pdf
The relevant data is on the final page under Table 25.

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

[rubberman]

I'm not sure that's entirely true. I thought S.A's net interstate migration losses only became entrenched from 90/91 onwards (State Bank collapse and extended recession). Happy to see some stats though, I might even look it up myself at some point.

Here's the net interstate migration flow from 1981 onwards. Keep in mind that these are quarterly figures.

Net Interstate Migration.png

For data before 1981, check this document from the ABS here: https://www.ausstats.abs.gov.au/ausstat ... 6_1981.pdf
The relevant data is on the final page under Table 25.

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

Just before Victorians returned the ALP to power with a crushing victory...effectively endorsing everything he did. It must have made Sky "news" (lol) foam at the mouth at their impotence and irrelevance that nobody with the slightest amount of intelligence listened to them. Apparently there weren't as many cookers in Victoria as they thought.

[abc]

Here's the net interstate migration flow from 1981 onwards. Keep in mind that these are quarterly figures.

Net Interstate Migration.png

For data before 1981, check this document from the ABS here: https://www.ausstats.abs.gov.au/ausstat ... 6_1981.pdf
The relevant data is on the final page under Table 25.

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

Just before Victorians returned the ALP to power with a crushing victory...effectively endorsing everything he did. It must have made Sky "news" (lol) foam at the mouth at their impotence and irrelevance that nobody with the slightest amount of intelligence listened to them. Apparently there weren't as many cookers in Victoria as they thought.

you do realise the people that fled didn't vote for him

what's a cooker?

[rubberman]

2021 is Victorians fleeing Dictator Dan's totalitarian dystopia

Just before Victorians returned the ALP to power with a crushing victory...effectively endorsing everything he did. It must have made Sky "news" (lol) foam at the mouth at their impotence and irrelevance that nobody with the slightest amount of intelligence listened to them. Apparently there weren't as many cookers in Victoria as they thought.

you do realise the people that fled didn't vote for him

what's a cooker?

Looks like they must have voted for the ALP in SA.

[Jaymz]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

[abc]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

these economic figures are relative figures..ie relative to the same state

so we're doing best relative to our own figures in the past

if we actually had the best performing economy in the nation we wouldn't have one of the lowest population growths... population follows economy

[Jaymz]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

these economic figures are relative figures..ie relative to the same state

so we're doing best relative to our own figures in the past

if we actually had the best performing economy in the nation we wouldn't have one of the lowest population growths... population follows economy

Thanks for your insights. WA's economic growth was 0%, my apologies...... it says "broadly unchanged"

[mattblack]

The CommSec State of the States report has been released for the March '24 quarter. S.A has retained its number 1 ranking, topping 4 of the 8 categories.

We ranked fifth for population growth at 1.68%. Just mind-blowing that W.A's population has grown by 3.33%.

Click on the link to see in more detail.....

https://www.commsec.com.au/content/dam/ ... l_2024.pdf

these economic figures are relative figures..ie relative to the same state

so we're doing best relative to our own figures in the past

if we actually had the best performing economy in the nation we wouldn't have one of the lowest population growths... population follows economy

Thanks for your insights. WA's economic growth was 0%, my apologies...... it says "broadly unchanged"

Another fantastic result for SA. For us to be considered to have the best increase in performance in 4 key economic drivers clearly indicates that the state is on the right path from a historically low base. With massive infrastructure spends still not being factored in that would indicate a continued growth trajectory for quite a few years to come. Unemployment did increase so probably not in line for a three-peat.

[mattblack]

and it continues ......

Back-to-back-to-back: SA only state growing exports

South Australia is the only state in the nation to grow its exports according to latest trade stats as trade with China continues to soar – up nearly 40 per cent year-on-year.
The state’s merchandise exports reached $17.7 billion in the year to March 2024, growing by 2.8 per cent, against a nationwide decrease of 10 per cent over the same period.

This is the eighth consecutive month that South Australia’s export growth has outpaced the nation, and the third consecutive month as the only state to experience export growth.

China remained the state’s largest export destination, up 39 per cent year-on-year to $3.62 billion. The United States continues to be the state’s second largest export destination, up 23 per cent to $1.9 billion with Malaysia once again, our third largest export destination at $1.2 billion.

The South Australian Government hopes to see this strong result strengthened by China’s decision in March to remove all remaining trade barriers on Australian wine. Concerted efforts by both the State and Federal Governments to stabilise the trading relationship between the two nations is now bearing fruit.

On 30 March, Premier Malinauskas announced a $1.85 million China Re-Engagement Support Package for South Australian wine exporters and grape growers – giving the state’s wine businesses the support and advice they need to confidently re-enter the large and dynamic market of China.

There were strong export results across Southeast Asia with Vietnam, Indonesia and Thailand experiencing export uplifts of 31, 30 and 29 per cent respectively.

[SBD]

and it continues ......

Back-to-back-to-back: SA only state growing exports

South Australia is the only state in the nation to grow its exports according to latest trade stats as trade with China continues to soar – up nearly 40 per cent year-on-year.
The state’s merchandise exports reached $17.7 billion in the year to March 2024, growing by 2.8 per cent, against a nationwide decrease of 10 per cent over the same period.

This is the eighth consecutive month that South Australia’s export growth has outpaced the nation, and the third consecutive month as the only state to experience export growth.

China remained the state’s largest export destination, up 39 per cent year-on-year to $3.62 billion. The United States continues to be the state’s second largest export destination, up 23 per cent to $1.9 billion with Malaysia once again, our third largest export destination at $1.2 billion.

The South Australian Government hopes to see this strong result strengthened by China’s decision in March to remove all remaining trade barriers on Australian wine. Concerted efforts by both the State and Federal Governments to stabilise the trading relationship between the two nations is now bearing fruit.

On 30 March, Premier Malinauskas announced a $1.85 million China Re-Engagement Support Package for South Australian wine exporters and grape growers – giving the state’s wine businesses the support and advice they need to confidently re-enter the large and dynamic market of China.

There were strong export results across Southeast Asia with Vietnam, Indonesia and Thailand experiencing export uplifts of 31, 30 and 29 per cent respectively.

The headline sounds good, but the detail sounds like it is slowly restoring wine exports to China that had stopped. I wonder what else is exported from this state and what is or isn't counted from others. I guess it's a report on growth, not a report on absolute value. WA continuing to export iron ore, Queensland continuing to export gas, NSW continuing exports of coal and anyone continuing to export wheat and wool count for nothing as far as growth is concerned.

[mattblack]

Drumming up some business in the US. Not sure how this is going to play out or if attracting/skilling 5,000 workers is realistic. Govt is all in though which is probably a good sign.

South Australia and Maryland Sign MoU to Enhance AUKUS Workforce Skills

South Australia and the US continue to forge closer ties through the signing of a new Memorandum of Understanding (MoU) in Annapolis, Maryland on 16 May 2024.

The MoU, signed by South Australian Premier Peter Malinauskas and the Governor of the State of Maryland, Wes Moore aims to enhance skills capability and workforce development ahead of the construction of the SSN-AUKUS submarines.

South Australia and Maryland are both highly regarded national leaders in the defence, space and cyber industries, with mutual interest in the success of AUKUS. Maryland is home to 15of the world’s top 20 aerospace and defence companies while seven of the world’s top 10 defence companies have their headquarters or significant operations in the South Australia alongside more than 400 SMEs.

The MoU builds upon an agreement previously signed by the two states in 2019, underpinned by a long-standing partnership between the University of Adelaide and the University of Maryland.

Premier Malinauskas acknowledged the importance of the strategic alignment in fulfilling the state’s commitment to AUKUS.

“This partnership with Maryland will ensure our government and our local businesses have greater access to expertise in this state.”

Through the MoU, both states have agreed to:

Connect local companies with shared areas of expertise, including in defence, space, cyber and autonomous technologies
Exchange knowledge and expertise at a government and commercial level regarding defence workforce development and skills capability
Undertake trade and business missions between the two jurisdictions
Explore common research and development projects
Share access to public research infrastructure and information
Governor Moore commended South Australia’s commitment to innovation and technology in the space and defence industries, making it a natural partner for Maryland.

“We believe this expanded partnership with South Australia will keep both regions working towards the greater good, while boosting business in Maryland and abroad.

https://defencesa.com/news-events-and-m ... ce-skills/

[mattblack]

Continued strong growth in SA exports

More funding to support exporters as SA tops nation’s trade stats again

With South Australia’s export growth continuing to lead the nation, the Malinauskas Government has committed to delivering more funding to Food South Australia (Food SA) to support our state’s exporters through a range of novel trade-related programs and initiatives as part of a four-year agreement.

A new and improved partnership with the state’s peak industry body is set to see a range of initiatives delivered, aimed at increasing export sales for the industry to more than $3 billion by 2027.

The additional funding will allow South Australia’s exporters to take part in international delegations, attend domestic tradeshows, and to meet with leading global food and beverage importers brought to the state on Food SA-coordinated familiarisation visits.

This announcement comes as South Australia, for the fourth month in a row, is the only state to experience export growth.

South Australia’s overall merchandise exports grew by 2.6 per cent in the year to April, against a nationwide decline of more than 10 per cent, as the state’s trade with the United States hit the $2 billion mark for the first time, up 38 per cent.

In addition, the Chinese export market has grown by 42 per cent over the past 12 months – now valued at $3.9 billion – as wine and barley exports continue to recover following the lifting of tariffs, with the Malinauskas Government delivering a $1.85 million package to support the state’s wine exporters to get back into market.

Food SA works to support and sustain the state’s food and beverage industry by helping businesses of all sizes to grow their markets, business capabilities and capacity, and industry connections. Food SA is independent, industry-led and membership-based.

For further information about how the Department for Trade and Investment supports South Australian companies to export, visit www.export.sa.gov.au

https://www.premier.sa.gov.au/media-rel ... tats-again

[Norman]

I've made an overview video of the 2024/25 SA State Budget on all things transport and infrastructure.

https://youtu.be/d4MDt5_MPWQ

No guesses where most of the infrastructure spend is going at the moment...

[[Shuz]]

Thanks for the video Norman.

Genuinely surprised how the hell basic things like an interchange upgrade is now costing $150m. Proof construction and building costs really have gone through the roof.

[mattblack]

More affordable fruit and vegetables on the way as construction starts on biosecurity precinct

Creating a more affordable, competitive, and sustainable South Australian fresh produce industry has taken a significant step forward, with construction commencing on a new $50 million biosecurity precinct at the SA Produce Market in Pooraka.

The state-of-the-art construction is the first multi-treatment and inspection facility to support the South Australian horticultural industry in its fight against the invasive fruit fly plant pest.

The current fruit fly outbreaks in the Riverland and Salisbury North mean that produce cannot be sent from these restricted locations to other parts of South Australia, Tasmania, Western Australia or overseas if not inspected and treated when fruit fly is detected.

The new facility at the SA Produce Market on Burma Road, Pooraka, will provide treatment and pressure cooling technology to eliminate pests. Currently producers can only send untreated produce to the eastern states.

Once in operation, the new facility will reduce transport costs, time delays and subsequent wastage which will improve affordability for consumers and profitability for local producers.

In addition to creating savings for consumers by helping to reduce the cost of produce at local supermarkets, the precinct will encourage a boom in exports, unlocking an estimated additional $100 million of fresh produce exports over a five-year period.

Local builder Blubuilt has been awarded the $8.8M contract to build stage 1, which has created 53 construction jobs. Due for completion in April 2025, the facility will also create 172 direct and indirect on-going jobs and play a vital role in protecting and expanding the state’s $1.3 billion horticulture industry.

The industry led project is funded through $36 million from the horticulture industry, $9.8 million in Federal funds and a $4.2 million grant from the South Australian Government.