Business News

The NT and ACT might have small populations but their economies are growing faster than the bigger states

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

The Northern Territory and Australian Capital Territory have won bragging rights for having the fastest growing economies within Australia.

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

The ABS defines GSP as the total market value of...

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