WA Economy

WA Economy =]

Western Australia has the highest output of any Australian state.Some of the things western australia imports and export are iron, gold, nickel, natural gas ,coal and alumina. And for agriculture , wheat, whool, milk and crops. Western Australia puts a huge input into the rest of the world because WA produces over 20% of the worlds alumina, and is the 3rd largest iron ore producer.

The Goldfields region is Australia's premier gold heritage region. Pastoralism is an important industry, and represents the regions main land use, 84% of the Gascoyne's land area is covered by pastoral leases. Gascoyne also has a substantial mining sector, mainly based on extraction of salt and gypsum. The Kimberly’s economy produces pearls, mining, Agriculture and aquaculture. Carnarvon is a high producer in wool, agriculture especially bananas and tomatoes. Shark bay locally industries include fishing, tourism, salt, pearl (marine culturing), mining of shell grit and various pastoral activities.

Western Australia’s main regions are the Goldfields, Kimberly, Pilbarra and the Southwest. Most of Australia's iron ore is mined in the Pilbarra. Pastoralism is an important industry, and represents the regions main land use; pastoral leases cover 84% of the Gascoyne’s land area.
The Kimberley has many different industries such as diamonds, oil, mining, zinc, pearling and lead.
WA's southwest region is a major world producer of alumina mineral sands and also has agriculture, and timber industries.
The Goldfields extract and process various mineral resources, mostly gold and nickel. Further south in the Goldfields economy is based on agriculture and fishing.
Carnarvon is a high producer in wool, agriculture especially bananas and tomatoes. Shark bay locally industries include fishing, tourism, salt, pearl (marine culturing), mining of shell grit and various pastoral activities.

Western Australia has plenty of strengths and weaknesses. We produce lots of iron ore, wheat and lots of other things including gold.

WA is suffering from a labour shortage because young people are moving north to make real money from the mining boom. The West Australian state government have been urging Australians to move to WA. High numbers of jobs are readily available, but without the people to undertake them, the government fears that significant economic opportunities may be lost. Also health risks are on the rise.

Western Australia is the richest state in Australia. In the past, we have had 30% in profits. But recently with the boom, our profits have reached over 40%, which is more than NSW and Victoria's exports combined. Also, having a comfortable time zone enables us to communicate with numerous countries in Europe, Asia and North America, and therefore increasing our trading opportunities.

Fortunately, the positives outweigh the negatives. The result of our economy is the increased amount of trade, large numbers of tourists and profit on exports. Just recently, the president of China visited Western Australia and signed a contract worth $45 billion dollars, for the export of gas.

The Western Australia’s economy is changing because the population is rising (so the demand is higher), also labour shortages have occurred and there is a boom in property value (Perth property is now the second most valuable in Australia behind Sydney), Large projects continue to fuel the economy and population growth continues to push rental prices up. The property’s increased value by over 40% in 2006, and it will continue to rise, so finding a decent home will be very expensive.
We can only hope that our state will continue to benefit largely from our trade income and therefore assist in buying goods from other countries at a relatively cheaper price, with food and gas prices rising drastically worldwide.

Bibilography:

Wikipedia, Goldfields-Esperance, 23rd Oct 2007 http://en.wikipedia.org/wiki/Goldfields-Esperance

Wikipedia, Mid-West (Western Australia), 25th Dec 2007http://en.wikipedia.org/wiki/Mid_West_%28Western_Australia%29

Wikipedia, Gascoyne (Western Australia), 30th April 2008http://en.wikipedia.org/wiki/Gascoyne_%28Western_Australia%29

Economy of Australia
http://en.wikipedia.org/wiki/Economy_of_Australia

Structure of the economy (department of treasure and finance government of western Australia)
http://www.dtf.wa.gov.au/cms/uploadedFiles/waeco2002.pdf

Western Australia (wikipedia)
http://en.wikipedia.org/wiki/Western_Australia

What are WA's mian goods & services(Google)
en&q=what+are+the+goods+and+services+produced+by+WA&btnG=Google+Search&meta