The score awarded to each state in each metric is added together to derive the overall score, where the lowest overall score is the best performing state. [...] 2 Wages growth Chart 2: Change in real wages, from December 2022 Table 2: Change in real wages, from December 2022 to December 2023 to December 2023 1.5% % POINTS CHANGE AWARDED 1% WA 1.1% 1 0.5% TAS 1% 2 0% QLD 0.6% 3 -0.5% NSW 0.1% 4 -1% VIC -0.1% 5 -1.5% SA -0.8% 6 WA TAS QLD NSW VIC SA Source: ABS This measure uses real wages growth, which adjusts for changes in inflation in measuring the chan. [...] Jobs growth Chart 3: Change in total number of employed people Table 3: Change in total number of employed people from January 2023 to January 2024 from January 2023 to 2024 6% % POINTS CHANGE AWARDED 4% VIC 4.2% 1 WA 3.6% 2 2% QLD 2.6% 3 0% NSW 1.4% 4 SA 0.9% 5 -2% TAS -1.0% 6 VIC WA QLD NSW SA TAS Source: ABS Jobs growth measures the change in the total number of employed persons from the 2023 c. [...] Tax burden Chart 5: State tax revenue as a percentage of gross Table 5: State tax revenue as a percentage of gross state product, 2023 financial year state product, 2023 financial year % POINTS 8% OF GSP AWARDED WA 3.5% 1 6% TAS 5.4% 2 QLD 5.4% 3 4% SA 5.9% 4 2% NSW 6.0% 5 VIC 7.2% 6 0% WA TAS QLD SA NSW VIC Source: ABS This metric uses the tax-to-GSP ratio, which is a measurement of the size of a. [...] Rental costs are significant costs for households and businesses.9 6 Energy costs Chart 10: Change in average of electricity and gas prices Table 10: Change in average of electricity and gas prices from December 2022 to December 2023 from December 2022 to December 2023 14% % POINTS 12% CHANGE AWARDED 10% WA -0.6% 1 8% NSW 9.4% 2 6% TAS 9.8% 3 4% SA 10.8% 4 2% 0% QLD 11.5% 5 -2% VIC 12.3% 6 WA NSW.
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