Mrs Roberts questions the Treasurer's use of a $42 billion figure for the WA economy, suggesting it's a quarterly figure rather than the annual GDP. The Treasurer's response indicates uncertainty and a need to double-check the data.

AnsweredQoN 387Legislative Assembly
Asked
21 June 2011
Portfolio
Treasurer

QuestionView source ↗

Western Australian ECONOMY — MEASURE
In this house during question time last week, the Treasurer referred to Western Australia having a $42 billion economy. (1) What was his basis for using that figure and does he stand by it? (2) What is WA’s current gross domestic product and why did he not use that figure? Mr T.R. Buswell : What’s wrong with GSP? Mr C.C. PORTER

AnswerView source ↗

(1)–(2) My understanding is that that was a reflection of gross state product. I can double-check that for the member. Mrs M.H. Roberts : That’s the quarterly figure. Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
(1) What was his basis for using that figure and does he stand by it? (2) What is WA’s current gross domestic product and why did he not use that figure? Mr T.R. Buswell : What’s wrong with GSP? Mr C.C. PORTER replied: (1)–(2) My understanding is that that was a reflection of gross state product. I can double-check that for the member. Mrs M.H. Roberts : That’s the quarterly figure. Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
(2) What is WA’s current gross domestic product and why did he not use that figure? Mr T.R. Buswell : What’s wrong with GSP? Mr C.C. PORTER replied: (1)–(2) My understanding is that that was a reflection of gross state product. I can double-check that for the member. Mrs M.H. Roberts : That’s the quarterly figure. Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
Mr T.R. Buswell : What’s wrong with GSP? Mr C.C. PORTER replied: (1)–(2) My understanding is that that was a reflection of gross state product. I can double-check that for the member. Mrs M.H. Roberts : That’s the quarterly figure. Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
Mr C.C. PORTER replied: (1)–(2) My understanding is that that was a reflection of gross state product. I can double-check that for the member. Mrs M.H. Roberts : That’s the quarterly figure. Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
(1)–(2) My understanding is that that was a reflection of gross state product. I can double-check that for the member. Mrs M.H. Roberts : That’s the quarterly figure. Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
Mrs M.H. Roberts : That’s the quarterly figure. Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
Mr C.C. PORTER : That was the most up-to-date data that I had on file. Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
Mrs M.H. Roberts : That’s the final demand figure for one quarter. Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.
Mr C.C. PORTER : I think it was a quarterly figure of GSP, yes.

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