Economic performance
The strength of the ACT economy and our community’s wellbeing are intertwined, with people’s wellbeing likely to improve as the broader economic conditions strengthen. This indicator measures gross state product and labour productivity in the ACT.
The Wellbeing Data Dashboard is intended to measure wellbeing progress over time, with updates made every two years.
ACT Treasury publishes the latest key economic indicators at Economic Indicators for the ACT.
Labour productivity
This measure shows the annual change in the amount of real gross state product produced by an hour of labour in the ACT.
Growth in labour productivity is important because it creates the possibility of higher living standards.
Following modest growth in 2023-2024, labour productivity in the ACT declined by 4.4% in 2024-25. ACT's labour productivity growth has averaged almost 1.0% over the past decade (between 2015-16 and 2024-25, compared to 0.6% for Australia). It is a key driver of economic growth.
Over the last decade, labour productivity has been on a downward trend. This has largely occurred during the post COVID-19 period, especially given the very strong employment growth recorded between Q1 calendar 2022 and Q1 calendar 2025.
Data source
The data is published on the Australian Bureau of Statistics website.
A link to download the latest data is below:
https://www.abs.gov.au/statistics/industry/industry-overview/estimates-industry-multifactor-productivity/latest-release#data-downloads
Table 27-42: Experimental estimates of state productivity.
Chart description
Line graph of labour productivity in the ACT, by financial year from 2012-13 to 2024-25. In 2024-25, labour productivity declined by 4.4%.
Technical notes
The market sector consists of industries where most goods and services are exchanged on the basis of a market determined price.
Changes in labour productivity can include the effects of other factor inputs, such as capital.
The ABS determines labour productivity growth rates based on productivity indexes. For the growth rates shown in the visual, the productivity index for 2023-24 was set to 100.
The data on labour productivity is subject to regular revisions as more updated data is incorporated in future releases, the chain volume series is re-weighted and as economic concepts, data sources and methods change from time to time.
Real gross state product (GSP) growth
This measure shows the annual change in economic activity in the ACT (after accounting for inflation).
This measure helps us to understand the ACT economy’s performance by measuring the economic activity across sectors within the Territory. This is important because the performance of our economy and our community’s wellbeing are intertwined.
Real Gross State Product in the ACT grew by 3.5% in 2024-25, the highest among all states and territories, after strong growth between 2015-16 and 2022-23.
The ACT economy remained resilient through the pandemic and avoided the downturn that was observed nationally.
Over time, growth in the ACT economy has remained largely stable.
