State GSP growth very encouraging
Submitted 8/12/2008
Migration for Business Growth
Australian Bureau of Statistics figures out today show South Australia's GSP (Gross State Product) increased by 3.8% in 2007-08.
The figure placed the State third behind Queensland (5.3%) and Western Australia (5.2%).
Agriculture, fishing and forestry recorded strong growth of 43% in 2007-08, contributing significantly to the GSP growth.
Other industries making strong contributions were property and business services, finance and insurance, and health and community services.
Manufacturing output declined 1.9% but remains the largest industry in South Australia with 13.6% of GSP share.


