The economy of Australia is a prosperous, free market economy dominated by its services sector, representing 68% of Australian GDP. The agricultural and mining sectors (10% of GDP combined) account for 57% of the nation’s exports.
Perth is the capital and largest city of the Australian state of Western Australia. Perth ranks fourth amongst the nation’s cities, with a growth rate consistently above the national average. Perth dominates the Western Australian economy by virtue of its population and role as the administrative centre for business and government, despite the major mining, petroleum and agricultural export industries located elsewhere in the state. Perth?s function as the State?s capital city, its economic base and population size have also created development opportunities for many other businesses oriented to local or more diversified markets.
Perth has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.