{"id":364490,"date":"2025-12-22T12:20:24","date_gmt":"2025-12-22T12:20:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/364490\/"},"modified":"2025-12-22T12:20:24","modified_gmt":"2025-12-22T12:20:24","slug":"victoria-australias-lagging-state-macrobusiness","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/364490\/","title":{"rendered":"Victoria: Australia&#8217;s lagging state &#8211; MacroBusiness"},"content":{"rendered":"<p>Earlier this month, I <a href=\"https:\/\/www.macrobusiness.com.au\/2025\/12\/victorias-economy-is-a-lead-weight-on-australia\/\" rel=\"nofollow noopener\" target=\"_blank\">argued<\/a> that Victoria was a \u201clead weight on Australia\u201d, which was informed by the latest state accounts from the Australian Bureau of Statistics (ABS).<\/p>\n<p>These data show that Victoria\u2019s per capita gross state product (GSP) fell by 0.8% in 2024-25 and has risen by only 10.0% since the Global Financial Crisis (GFC) in 2008.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/Victorian-GSP.png\" width=\"627\" height=\"434\" alt=\"Victorian GSP\"\/><\/p>\n<p>This compares to a 0.3% national decline in per capita GDP in 2024-25 and a 14.3% increase since 2008.<\/p>\n<p>Advertisement<\/p>\n","protected":false},"excerpt":{"rendered":"Earlier this month, I argued that Victoria was a \u201clead weight on Australia\u201d, which was informed by the&hellip;\n","protected":false},"author":2,"featured_media":364491,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-364490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/364490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=364490"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/364490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/364491"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=364490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=364490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=364490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}