It has been revealed that the state’s economic performance is leading the nation, with a particularly strong showing in the first quarter of 2025. According to the recently released ANZ Stateometer Report, South Australia was better performing than all other jurisdictions.
The ANZ Stateometer is a set of indicators designed to measure economic performance across Australian states and territories, and it has indicated that South Australia’s economy experienced rapid acceleration at the beginning of 2025. The report specifically noted, “SA was the standout. The state’s rapid acceleration was driven by tight labour market conditions.”
This economic activity in South Australia has been characterised by several positive developments. The state registered the highest increase in hours worked across the nation, and inflation rates in South Australia have dropped below the national average. This combination of high employment and lower inflation is really helping the purchasing power of South Australians.
ANZ analysts have attributed this growth to a rise in both consumption and investment within the state. Despite a growing population, which often leads to increased demand for housing and subsequent price hikes, the report observed that housing price growth in South Australia has begun to ease.
These economic indicators align with recent data from the Australian Bureau of Statistics (ABS), which shows that employment numbers in South Australia have reached new highs. The ABS data indicated that there were 975,700 South Australians employed as of the latest count, which marks an increase of over 11,200 from the previous month. This level of employment is significantly higher than at the time of the 2022 State Election, with over 75,000 more South Australians now employed.
Acting Premier Susan Close said, “These excellent results demonstrate the policies and investments this Government are implementing are having a positive impact on our economy.
“We have more South Australians working, inflation is down, consumption and investment is up, and housing price growth is starting to ease.
“In this term of Government, thousands more jobs have been created for South Australians with a record number now employed. We have been working hard to strengthen our economy and this recognition by ANZ is further proof we are getting results.”
The report from ANZ and the latest employment data collectively suggest that South Australia is not only navigating through economic challenges but is also setting a benchmark for others to follow. The state’s approach, focusing on tightening labour market conditions, encouraging investment, and managing consumption wisely, appears to be creating tangible benefits for its economy and residents.
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