FACTBase Bulletin 61 - Local Economic Competitiveness in Greater Perth

This FACTBase Bulletin analyses the economic competitiveness in Greater Perth and provides insights into the performance of both locations and industry sectors.

Key Findings

• Between 2011 and 2016, levels of competitiveness for Greater Perth were comparable or ahead of other major Australian cities.
• The main drivers of local competitiveness across Greater Perth by industry were health care and social assistance, accommodation and food services, construction and retail trade. Growth in these industries was underpinned by favourable local conditions across the metropolitan region.
• Sectors that are critical to the future of Perth lagged in terms of competitiveness over the 2011-2016 period, particularly in terms of professional, scientific and technical services.
• Across the metropolitan region, local competitiveness was high in the North-West sub-region and in the South Metropolitan Peel sub-region.
• SA2s within the Central sub-region had relatively low levels of overall local competitiveness in comparison to those in high growth, periphery SA2s.
• Competitiveness by industry sector was highly variable, emphasising the importance of local context in the development and implementation of urban policy.