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The Far North Queensland Economy Recent Movements and Short-Term Prospects Presentation to the Weipa Chamber of Commerc

“Getting Things into Perspective ”. The Far North Queensland Economy Recent Movements and Short-Term Prospects Presentation to the Weipa Chamber of Commerce December 2008. Tourism Growth Phases. Growth in Room Nights – Hotels/Motels Far North Queensland Stat. Division.

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The Far North Queensland Economy Recent Movements and Short-Term Prospects Presentation to the Weipa Chamber of Commerc

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  1. “Getting Things into Perspective” The Far North Queensland Economy Recent Movements and Short-Term Prospects Presentation to the Weipa Chamber of Commerce December 2008

  2. Tourism Growth Phases

  3. Growth in Room Nights – Hotels/MotelsFar North Queensland Stat. Division Source : Cummings Economics from ABS data.

  4. Overnight Visitor Expenditure Far North Queensland Source : Cummings Economics from NVS & IVS data.

  5. Agriculture Gross Value Agricultural Production (Long-Term Growth 1982/83 to 2006/07) $m Source: Cummings Economics from ABS Agstats.

  6. Gross Value of Agricultural Production2006/07 Source : Cummings Economics from ABS Agstats.

  7. Value of Mining Production Far North Statistical Division Source: Cummings Economics from Q’ld Dept of Mines & Energy.

  8. Estimated Existing Mining WorkforceFar North Queensland – Mid 2008

  9. AIR SERVICES EX CAIRNS REGION TO MINES, MINING CENTRESAND MAJOR CENTRES NTH QLD, PNG, PAPUA (INDO) & NT

  10. Source: Cummings Economics from ABS data.

  11. Source: Cummings Economics from ABS data.

  12. Source: Cummings Economics from ABS data.

  13. Source: Cummings Economics from ABS data.

  14. Source: Cummings Economics from ABS data.

  15. Value of Building ApprovalsFar North Qld Statistical Division Source : Cummings Economics from ABS data.

  16. Population - GrowthGrowth on Previous Year - Cairns Region(Estimated Residential) Source : Cummings Economics from ABS data..

  17. Source: Cummings Economics from ABS data.

  18. CHANGES IN REAL GDP USA

  19. Domestic Airline Travel - AustraliaTotal Airline Passenger Growth Source: Cummings Economics from BITRE – Aviation Statistics.

  20. PROPENSITY TO TRAVEL

  21. JAPANESE FLIGHT LOSS

  22. MININGPercent Fall in Metal PricesJuly 21 to November 24 in $US and $Aust Source: US Prices – KITCO Base Metals; Exchange Rates – RBA.

  23. Estimated Additional Mining Jobs in Pipeline Queensland Mackay North – Mid 2008

  24. OTHER SERVICE OUTSIDE EARNINGS • MARITIME SERVICES • AVIATION SERVICES • INTERNATIONAL EDUCATION DROP IN AUST $ RESTORES COMPETITIVENESS

  25. CONSUMER SPENDING • CONSUMER DURABLES DOWN • $100 Million PUMP PRIMING • EARLY DECEMBER • PENSIONERS - FAMILIES

  26. INVESTMENT • VALUE OF BUILDING APPROVALS • 1st Quarter 2008/09 = $500 m • (cf – Total 2007/08 = $1.2 bn) • GOVT SPENDING NEXT FEW YEARS • UPGRADE GOVT SERVICES, HEALTH & HOSPITAL • EXTRA EMPLOYMENT

  27. GETTING THINGS INTO PERSPECTIVE Loss of 600 jobs = 0.5% of workforce. Japanese Flights = 1% to 1.5% of GRP.

  28. PENINSULA AREA MINERAL PROJECTS

  29. QUEENSLAND REMOTE REGIONAL POPULATION TRENDS

  30. The Far North Queensland Economy Recent Movements and Short-Term Prospects Presentation to the Weipa Chamber of Commerce December 2008 www.cummings.net.au

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