Economy of Queensland Information & Economy of Queensland Links at HealthHaven.com

The economy of Queensland is one of the fastest growing economies within Australia, with growth outstripping that of the wider Australian economy in every financial year between 1995-96 and 2007-08.^[1] The economy is primarily built upon mining, agriculture, tourism and financial services.

[edit] Agriculture

Sugar cane is harvested in coastal areas from Far North Queensland to the southern border and is the state's biggest rural commodity. Queensland produces 94% of Australia's total raw sugar production.^[2] Customers in the Asia-Pacific region can be supplied all year round through the use of storage facilities at bulk port terminals.^[3] Most of the state's sugar crop is marketed through Queensland Sugar, which until 2006 compulsorily acquired all sugar grown in the state under a single desk arrangement.^[3]

Cattle grazing for beef and sheep grazing for wool production are spread across inland areas. Wheat is grown in the Darling Downs region. The Lockyer Valley is a significant horticultural region. Other major crops produced in Queensland include bananas, cotton and citrus crops. Southern coastal regions include mixed forestry and farming land uses.