Economy of Brisbane
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The economy of
Brisbane Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list of cities in Australia by population, third-most populous city in Australia and Oceania, with a populati ...
consists mainly of several industries, including
health care Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...
,
professional services Professional services are occupations in the service sector requiring special training in the arts or sciences. Some professional services, such as architects, accountants, engineers, doctors, and lawyers require the practitioner to hold professi ...
and
retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...
trade. It holds a population of over 2.4 million people in broader urban centres and localities, with a mean age of 35 years. Brisbane's
Gross Domestic Product Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjec ...
was $170.5 billion in 2017–18, contributing to around half of
Queensland ) , nickname = Sunshine State , image_map = Queensland in Australia.svg , map_caption = Location of Queensland in Australia , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_ ...
's overall economy and 9.4% of national gross domestic product. Major export categories for the economy include tourism ($7.1 billion, year to September 2018), education ($3.8 billion, 2014) and goods exports through the
Brisbane Airport Brisbane Airport is the primary international airport serving Brisbane and South East Queensland. The airport services 31 airlines flying to 50 domestic and 29 international destinations, in total amounting to more than 22.7 million passeng ...
and
Port of Brisbane Port of Brisbane is the shipping port and coastal suburb of the City of Brisbane, on the east coast of Queensland, Australia. In the , Port of Brisbane had no residents living in the suburb. The port is the largest in the state of Queensland. ...
($16.1 billion, 2017–18).Brisbane City Council. (2019). ''Brisbane's key economic facts''. Retrieved from https://www.brisbane.qld.gov.au/about-council/governance-and-strategy/business-in-brisbane/growing-brisbanes-economy/brisbanes-key-economic-facts . Accessed 6 May 2019. The cyclical downturn of the 2000s mining boom has led to investments being directed towards other industry sectors, with a projected $15 billion infrastructure boom during the early 2020s. Projects include the Cross River Rail project, with the Palaszczuk government expected to fund approximately half of the operation. The Greater Brisbane region expands over 15,826 square kilometres, covering 8 local government areas and is notable for its 344 km
Brisbane River The Brisbane River is the longest river in South East Queensland, Australia, and flows through the city of Brisbane, before emptying into Moreton Bay on the Coral Sea. John Oxley, the first European to explore the river, named it after the Go ...
. It is the third largest city in
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
. Categorised as a global city, Brisbane is among
Asia-Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...
cities with largest GDPs and is one of the major business hubs in Australia, with strengths in
mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...
,
banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
,
insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
,
transportation Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, ...
,
information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (I ...
,
real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
and
food Food is any substance consumed by an organism for nutritional support. Food is usually of plant, animal, or fungal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is inge ...
. Some of the largest companies headquartered in Brisbane, all among Australia's largest, include
Suncorp Group Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. It is one of Australia's mid-size banks (by combined lending and deposits) and its largest general insurance group, fo ...
,
Virgin Australia Virgin Australia, the trading name of Virgin Australia Airlines Pty Ltd, is an Australian-based airline. It is the largest airline by fleet size to use the Virgin Group, Virgin brand. It commenced services on 31 August 2000 as ''Virgin Blue ...
,
Aurizon Aurizon ( ) is a freight rail transport company in Australia, formerly named QR National. it was the world’s largest rail transporter of coal from mine to port. Formerly a Queensland Government-owned company, it was privatised and floated o ...
, Bank of Queensland,
Flight Centre Flight Centre Travel Group (FCTG) is an Australian travel agency. It was founded in 1982, and is headquartered in Brisbane, Australia. FCTG operates under multiple names in Australia, New Zealand, United States, Canada, United Kingdom, South A ...
, CUA,
Sunsuper Sunsuper Superannuation Fund (Sunsuper) was an Australian public offer industry superannuation fund based in Brisbane, Queensland, Australia. It was established in 1987 as a multi-industry superannuation fund open to all workers and is profit ...
,
QSuper QSuper was an Australian superannuation fund based in Brisbane, Queensland. The fund was established in 1912 through an Act of Parliament. The State Public Sector Superannuation Scheme was also known as the QSuper Fund. The board of trustees of ...
,
Domino's Pizza Enterprises Domino's Pizza Enterprises Limited (DPE) is the largest pizza chain in Australia in terms of network stores numbers and network sales, as well as the largest franchisee for the US Domino's Pizza brand in the world.Star Entertainment Group The Star Entertainment Group Limited is an Australian gambling and entertainment company. The company was formerly known as Echo Entertainment. Properties The Star Entertainment owns and operates the Treasury Casino & Hotel, The Star Gold Coast ...
,
ALS Amyotrophic lateral sclerosis (ALS), also known as motor neuron disease (MND) or Lou Gehrig's disease, is a neurodegenerative disease that results in the progressive loss of motor neurons that control voluntary muscles. ALS is the most com ...
,
TechnologyOne TechnologyOne Limited is an Australian enterprise software company founded in 1987. The company is headquartered in Fortitude Valley in Brisbane, Australia, with other offices in United Kingdom (UK), New Zealand, South Pacific and Asia. It is li ...
,
NEXTDC NextDC is an Australian data centre operator. , the company operates 11 data centres around Australia, with facilities in Melbourne, Sydney, Brisbane, Perth and Canberra. History NextDC was founded by Bevan Slattery in 2010. In 2015, NextDC ...
, Super Retail Group,
New Hope Coal New Hope Coal is an Australian thermal coal-mining company. New Hope's operations include New Acland Mine, Jeebropilly Mine, and Queensland Bulk Handling. New Hope Coal is 61.11% owned by Washington H. Soul Pattinson and is headquartered in Br ...
, Jumbo Interactive,
National Storage National Storage is one of the leading self-storage providers in Australia and New Zealand, providing residential and commercial storage to customers at 200+ centres. In December 2013, National Storage listed on the Australian Securities Exchan ...
,
Collins Foods Collins Foods Limited is a publicly-listed Australian company focused in restaurant operations. It either operates or franchises restaurants from three brands — Sizzler, KFC and Taco Bell — in Australia, Germany, the Netherlands, Thailand ...
and
Boeing Australia Boeing Australia Holdings Pty Ltd, or simply Boeing Australia, is Boeing's largest subdivision outside the United States. Established in 2002, the company oversees its seven wholly owned subsidiaries, consolidating and co-ordinating Boeing’s ...
. Most major Australian companies, as well as numerous international companies, have contact offices in Brisbane. Tourism is an important part of the Brisbane economy, both in its own right and as a gateway to other areas of Queensland, as
international education International education refers to a dynamic concept that involves a journey or movement of people, minds, or ideas across political and cultural frontiers. It is facilitated by the globalization phenomenon, which increasingly erases the constrai ...
, with over 95,000 international students enrolled in universities and other tertiary education institutions in the central
Brisbane City Council Brisbane City Council (BCC) is the democratic executive local government authority for the City of Brisbane, the capital city of the state of Queensland, Australia. The largest City Council in Australia by population and area, BCC's jurisd ...
local government area A local government area (LGA) is an administrative division of a country that a local government is responsible for. The size of an LGA varies by country but it is generally a subdivision of a State (administrative division), state, province, divi ...
alone in 2018.


History

The penal era in Brisbane ended in 1842 and free settlers began to colonise the city, driving the population up to 6000 by 1859.Visit Brisbane. (2018). ''Penal Colony and Early Settlement History.'' Retrieved from https://www.visitbrisbane.com.au/brisbane-greeters/book-a-greeter/your-choice/interests/penal-colony?sc_lang=en-au . Accessed 31 May 2019. Between the years 1860 and 1865, more than 35,000 free settlers moved to Brisbane after it was declared as Queensland's capital city. During
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...
, Brisbane experienced another population boom, becoming the headquarters for the South West Pacific campaign. The economy experienced significant growth as both US citizens and Australian citizens from other states migrated to the city to contribute to the war effort, almost doubling Brisbane's population and signifying Brisbane as a training area.Queensland Government. (no date). ''Queensland World War II Historic Places''. Retrieved from https://www.ww2places.qld.gov.au . Accessed 31 May 2019. Medical facilities, workshops and depots necessary for the war effort were erected, creating thousands of jobs and giving rise to significant
economic growth Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of ...
. The
2010-2011 Queensland floods 1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. I ...
severely affected Brisbane, with 78% of the state declared to be in a disaster zone. An estimated 18,000 properties were flooded in the Brisbane's metropolitan area, including the broader Brisbane River Valley and
Ipswich Ipswich () is a port town and borough in Suffolk, England, of which it is the county town. The town is located in East Anglia about away from the mouth of the River Orwell and the North Sea. Ipswich is both on the Great Eastern Main Line r ...
.McAneney, J and van den Honert, R.C. (2011). The 2011 Brisbane Floods: Causes, Impacts and Implications. ''Water''. (3), pp. 1149-1173. By 11 January 2011, twenty thousand homes had been affected, with The Brisbane River Walk (a bridge suspending over the river), collapsing into the surrounding water. This, along with other damages, resulted in $2.55 billion of insurance payouts, with the loss of infrastructure and businesses within the city severely damaging the economy. As a consequence, population growth slowed as people feared future floods, whilst economic growth slowed as the city began to rebuild.


The Port of Brisbane

Brisbane throughout its history has been one of Australia's most important
seaport A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Ham ...
cities. The
Port of Brisbane Port of Brisbane is the shipping port and coastal suburb of the City of Brisbane, on the east coast of Queensland, Australia. In the , Port of Brisbane had no residents living in the suburb. The port is the largest in the state of Queensland. ...
located at the Brisbane River's mouth on
Moreton Bay Moreton Bay is a bay located on the eastern coast of Australia from central Brisbane, Queensland. It is one of Queensland's most important coastal resources. The waters of Moreton Bay are a popular destination for recreational anglers and are ...
and on the adjacent Fisherman's Island, created by means of
land reclamation Land reclamation, usually known as reclamation, and also known as land fill (not to be confused with a waste landfill), is the process of creating new land from oceans, seas, riverbeds or lake beds. The land reclaimed is known as reclamati ...
. It is the 3rd busiest port in Australia for value of goods. Container freight, sugar, grain, coal and bulk liquids are the major exports. Most of the port facilities are less than three decades old and some are built on reclaimed
mangrove A mangrove is a shrub or tree that grows in coastal saline water, saline or brackish water. The term is also used for tropical coastal vegetation consisting of such species. Mangroves are taxonomically diverse, as a result of convergent evoluti ...
s and
wetlands A wetland is a distinct ecosystem that is flooded or saturated by water, either permanently (for years or decades) or seasonally (for weeks or months). Flooding results in oxygen-free (anoxic) processes prevailing, especially in the soils. The ...
. The Port is a part of the Australia TradeCoast, which includes the
Brisbane Airport Brisbane Airport is the primary international airport serving Brisbane and South East Queensland. The airport services 31 airlines flying to 50 domestic and 29 international destinations, in total amounting to more than 22.7 million passeng ...
along with large industrial estates located along both banks at the mouth of the Brisbane River. The
Port of Brisbane Port of Brisbane is the shipping port and coastal suburb of the City of Brisbane, on the east coast of Queensland, Australia. In the , Port of Brisbane had no residents living in the suburb. The port is the largest in the state of Queensland. ...
holds historical significance in regards to prosperous economic growth in both Brisbane and broader Queensland. The Port of Brisbane Pty Ltd outlines that, "The history of European settlement in Brisbane is directly tied to the development and evolution of its port," and that it has strengthened international ties, which is crucial if Brisbane is to become a global city. In 2016–17, it facilitated the export and import of 33.2 million tonnes of commodities.


Industries

The top five industries in Brisbane by employment as of November 2018 are: # Health care and social assistance (176,594 employed persons) # Professional, scientific and technical services (114,680 employed persons) # Retail trade (119,409 employed persons) # Education and training (100,450 employed persons) # Construction (113,310 employed persons) Large population growth over South-East Queensland has led to the expansion of labour-intensive employment including construction, education, government, health and retail, which accounts for over half of Brisbane's total employment. Between 2011 and 2016, the number of employed persons in Greater Brisbane increased by 63,169, with the largest increase occurring in education and training (+16,983 persons) and health care and social assistance (+15,946 persons)..idcommunity. (no date). ''Greater Brisbane: Industry sector of employment.'' Retrieved from https://profile.id.com.au/australia/industries?WebID=270 . Accessed 10 June 2019.


Resource sector

Employment in the mining industry throughout Australia tripled from a low of 75,400 in February 2001 to a peak of 275,200 in May 2012.Australian Bureau of Statistics. (18 May 2018). ''POPULATION CHANGE IN AUSTRALIA'S MINING REGIONS, 2005-2015''. Retrieved from https://www.abs.gov.au/ausstats/abs@.nsf/Previousproducts/3218.0Feature%20Article12014-15?opendocument&tabname=Summary&prodno=3218.0&issue=2014-15&num=&view= . Accessed 26 May 2019. At this peak, a total of 2.4% of the Australian workforce were employed in the mining industry, with the largest areas of related social, economic and demographic impact occurring in
Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to th ...
and Queensland. Brisbane acts as a headquarter for many mining and resources businesses in broader Queensland, which is rich in
natural resource Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. O ...
s. Queensland is the world's largest exporter of seaborne
metallurgical coal Metallurgical coal or coking coal is a grade of coal that can be used to produce good-quality coke. Coke is an essential fuel and reactant in the blast furnace process for primary steelmaking. The demand for metallurgical coal is highly coupled ...
and in 2013, 41% of the world's unconventional gas projects were under construction within the state. Many of the profits earned from these businesses trickle into the Brisbane economy. Though the resource boom is slowly declining and starting to negatively affect Brisbane's economic growth, it continues to contribute to the economy's
Gross Regional Product Gross regional product (GRP) is a monetary measure of the market value of all final goods and services produced in a region or subdivision of a country in a period (quarterly or yearly) of time. A metropolitan area's GRP (gross metropolitan prod ...
. In 2017, Brisbane's Gross Regional Product was valued at $162 billion, with a 16.6% contribution from the resource sector. In June 2017, Brisbane was estimated to home 198,863 businesses, of which 7277 are directly supported by the resources sector. The sector contributed $25.8 billion to the Greater Brisbane economy in 2016–2017.Brisbane City Council. (2019). ''Brisbane's Key Economic Facts''. Retrieved from https://www.brisbane.qld.gov.au/about-council/governance-and-strategy/business-in-brisbane/growing-brisbanes-economy/brisbanes-key-economic-facts#industries . Accessed 10 May 2019.


Education

The state of Queensland mandates that children between the ages of 6 to 16 receive schooling, with the state offering twelve years of formal schooling and two years of preliminary schooling. As Brisbane is home to more than 443,000 people between the ages of 5 to 19 years, it makes sense that one of the city's largest industries is education, with 100,450 employed persons in 2018. Brisbane is also home to many tertiary institutions, including
Griffith University Griffith University is a public research university in South East Queensland on the east coast of Australia. Formally founded in 1971, Griffith opened its doors in 1975, introducing Australia's first degrees in environmental science and Asian s ...
, The
Queensland University of Technology Queensland University of Technology (QUT) is a public research university located in the urban coastal city of Brisbane, Queensland, Australia. QUT is located on two campuses in the Brisbane area viz. Gardens Point and Kelvin Grove. The univ ...
and The
University of Queensland , mottoeng = By means of knowledge and hard work , established = , endowment = A$224.3 million , budget = A$2.1 billion , type = Public research university , chancellor = Peter Varghese , vice_chancellor = Deborah Terry , city = B ...
. These three universities alone have more than 148,000 enrolled students and attract thousands of international students every year. This is in line with national standards, as education is Australia's third-largest export, with the international education sector contributing $32.2 billion to the Australian economy in 2017.


Healthcare

In 2016, more people in Greater Brisbane worked in the health care and social service industries than any other line of work, totalling 141,121 employed persons. There are over 30 private hospitals and 20 public hospitals in Brisbane and its surrounding suburbs, including the Mater Hospital network, the Princess Alexandra Hospital and the
Royal Brisbane & Women's Hospital The Royal Brisbane and Women's Hospital (RBWH) is a tertiary public hospital located in Herston, a suburb of Brisbane, Queensland, Australia. It is operated by Metro North Health, part of the Queensland Health network. The hospital has 929 bed ...
, which is the largest hospital in the southern hemisphere. Healthcare in Brisbane falls under the state-run healthcare scheme Medicare, which is government-funded through income tax.


Labour market

The population of Brisbane totals over 2.4 million citizens and ranks as the third largest city in Australia, accounting for 19% of the country's population. Unemployment in Greater Brisbane was at a rate of 6.1% in December 2018, which is in line with the state's unemployment rate, which ranks as the second-most unemployed state in the country as of March 2019. The 2016 census data shows that the median age in Brisbane is 35, with around 20% of the population being categorised as children aged 0–14. This is an indication of a relatively young population, pointing to the need for a strong education services sector. The Lord Mayor's Economic Development Steering Committee has identified a need for growth in education employment, detailing that in the years 2012–2031, education will be amongst the fastest-growing industries for job growth. This is outlined in their Economic Development Plan 2012–2031, delineating that there is a strong need for a redirection of resources to improve education facilities and infrastructure across the city.


Retail

Retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...
in the CBD is centred around the
Queen Street Mall The Queen Street Mall is a pedestrian mall located on Queen Street in the centre of Brisbane, Queensland, Australia. The mall extends approximately from George Street to Edward Street, and has more than 700 retailers over of retail spa ...
, which is Queensland's largest pedestrian mall.
Shopping centres A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...
in the CBD include the Myer Centre, the Wintergarden,
MacArthur Central MacArthur Central, also known as MacArthur Central Shopping Centre, in Brisbane, Australia, is a four level shopping centre that incorporates an English Renaissance styled heritage-listed building known as MacArthur Chambers. MacArthur Central i ...
and QueensPlaza, with the last of these along with Edward Street forming the city's focus for
luxury brands In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to n ...
. There are historical shopping arcades at
Brisbane Arcade Brisbane Arcade is a heritage-listed shopping arcade at 160 Queen Street through to Adelaide Street in the Brisbane CBD, City of Brisbane, Queensland, Australia. It was designed by Richard Gailey, Junior and built in 1923 to 1924 by J & E L ...
and Tattersalls Arcade. Suburbs adjacent to the CBD such as
Fortitude Valley Fortitude Valley (often called "The Valley" by local residents) is an inner suburb of the City of Brisbane, the state capital of Queensland, Australia. In the , Fortitude Valley had a population of 9,708 people. The suburb features two pedestri ...
(particularly James Street),
South Brisbane South Brisbane is an inner southern suburb in the City of Brisbane, Queensland, Australia. In the , South Brisbane had a population of 7,196 people. Geography The suburb is on the southern bank of the Brisbane River, bounded to the north-west, ...
and West End are also a major inner-city retail hubs. Outside of the inner-city, retail is focused on indoor
shopping centres A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...
, including numerous regional shopping centres along with six super regional shopping centres, all of which are among Australia's largest, namely:
Westfield Chermside Westfield Chermside, colloquially known as 'Chermside or Chermy', is a regional shopping centre located in the Brisbane northern suburb of Chermside. It is the second largest regional shopping centre in Australia by number of stores, behind Chad ...
in the north;
Westfield Garden City Westfield Mt Gravatt (formerly Westfield Garden City, prior to that simply Garden City, and always commonly known as Garden City) is one of Brisbane's major shopping centres, located in the suburb of Upper Mount Gravatt in Queensland, Austral ...
in the south;
Westfield Carindale Westfield Carindale is a large shopping centre in Queensland located in the suburb of Carindale, east of Brisbane. The centre is one of the largest shopping centres in Australia. The centre contains over 450 specialty stores and almost 6,000 c ...
in the east;
Indooroopilly Shopping Centre Indooroopilly Shopping Centre (formerly Indooroopilly Shoppingtown, colloquially Indro) is a major regional shopping centre in the western suburb of Indooroopilly in the City of Brisbane, Queensland, Australia. It hosts over 300 specialty stores ...
in the west;
Westfield North Lakes Westfield North Lakes is a shopping centre in North Lakes on the northern outskirts of Brisbane. The centre first opened in on 7 August 2003 and initially included around 80 stores including Target and Coles. In early 2007, construction began ...
in the outer-north; and Logan Hyperdome in the outer-south. Brisbane's major factory outlet centres are the Direct Factory Outlet at Skygate and Jindalee. The 100 hectare Brisbane Markets at
Rocklea Rocklea is a suburb in the City of Brisbane, Queensland, Australia. In the , Rocklea had a population of 1,595 people. Geography Rocklea is located 9 kilometres south of the city. The west of the suburb is bordered by the Oxley Creek. The ...
are Brisbane's largest
wholesale markets The consumption and production of marketed food are spatially separated. Production is primarily in rural areas while consumption is mainly in urban areas. Agricultural marketing is the process that overcomes this separation, allowing produce to b ...
, whilst smaller markets operate at numerous locations throughout the city including
South Bank Parklands The South Bank Parklands are located at South Bank within the suburb of South Brisbane in Brisbane Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list ...
,
Davies Park Davies Park is a sporting venue in the suburb of West End in Brisbane, Queensland, Australia. It is located at the corner of Jane St, Montague Road & Riverside Drive, West End. It is the home ground of the Souths Logan Magpies, a rugby league t ...
in West End and the Eat Street Markets at
Hamilton Hamilton may refer to: People * Hamilton (name), a common British surname and occasional given name, usually of Scottish origin, including a list of persons with the surname ** The Duke of Hamilton, the premier peer of Scotland ** Lord Hamilt ...
.


Brisbane Economic Development Plan 2012-2031

The Brisbane Economic Development Plan 2012-2031 is a council publication that sets out Brisbane's priorities and actions that are required in order to achieve its economic goals by 2031. It has three main pillars by which it measures its success: * 1.5 million employed citizens (in the Brisbane metropolitan area) * Achieving a $217 billion economy * $75,000 per capita income The plan outlines Brisbane's need to strengthen the city's relationship with Asia, maximise job growth, improve its tourism potential and to develop its digital economy, as outlined by the Lord Mayor of Brisbane (at the time of publication),
Graham Quirk Graham Quirk (born c. 1958) is a former Australian politician who served as the 16th Lord Mayor of Brisbane. From 2008 until 2011, he was Deputy Lord Mayor under Campbell Newman, succeeding the latter when Newman became the Premier of Queenslan ...
. Four goals are outlined that are necessary to achieve the above successes: # Build Brisbane's global reputation # Become more productive # Attract talented and global connections # Become a 'lifestyle city' The plan outlines that in order to achieve these goals, Brisbane's population must grow significantly. An estimated 443,000 workers will need to be accommodated in the city by 2031, with 343,000 of these additional workers required by 2021. The council has also forecasted that the population within metropolitan Brisbane alone will grow by 820,000 people, with an estimated two-thirds of additional jobs to be within the Local Brisbane Government area. The council also wants to increase Brisbane's global reputation as a new ' World City' by attracting international businesspeople. in doing so, they hope to increase global awareness of Brisbane's attractiveness and to promote growth in tourism, attract international investment and draw in talented workers. Numerous international conventions have already been held in Brisbane for this purpose, which contribute more than $200 million to the economy annually.Brisbane City Council. (2013). ''2012-2031 brisbane Economic Development Plan Summary''. Retrieved from https://www.brisbane.qld.gov.au/sites/default/files/20151012-brisbane_economic_development_plan_summary-jul_2015.pdf . Accessed 10 June 2019. These include: * 26th
Commonwealth A commonwealth is a traditional English term for a political community founded for the common good. Historically, it has been synonymous with "republic". The noun "commonwealth", meaning "public welfare, general good or advantage", dates from the ...
Agricultural Agriculture or farming is the practice of cultivating Plant, plants and livestock. Agriculture was the key development in the rise of Sedentism, sedentary human civilization, whereby farming of Domestication, domesticated species created food ...
Conference 2014 * Annual Meeting of the International Society for Paediatric and Adolescent Diabetes 2015 * World Water Congress 2016


References


External links


Economy of Brisbane

Brisbane Economic Development Plan 2012-2031

Official tourism website of Brisbane

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