Based on the latest research undertaken on behalf of the Queensland Resources Council, the sector is responsible directly and indirectly for one in every four dollars of Gross State Product and one in every five jobs. The Queensland resources sector also supported almost 17,000 businesses.
Expenditure data provided by QRC full-member companies indicated that the minerals and energy sector contributed an estimated $37.5 billion in direct spending to the Queensland economy in 2013/14, comprising:
- $5.6 billion in wages and salaries to approximately 44,075 full time resident employees (not including contract workers who worked on mine sites), representing an average salary level across the sector of approximately $127,760 per annum;
- $29.2 billion in purchases of goods and services from local businesses (including contract payments), community contributions and payments to local government (including rates, developer contributions and other payments); and
- $2.7 billion in state government payments (including royalties, stamp duty, payroll tax and land tax).
Indirect and Total Economic Impacts
Economic modelling of the flow on effects of Queensland resources companies’ direct expenditure allowed the industry’s indirect and total economic impact to be estimated. Across the state, the total economic impact of the minerals and energy sector in 2013/14, based on Type II multipliers (i.e. including both indirect industry and consumption-induced affects), amounted to:
- $86.1 billion in output/turnover (a measure of direct and supply chain purchases from businesses);
- $77.6 billion in value added (contribution to Gross State Product), amounting to 26.2% of GSP for Queensland through $37.5 billion in direct effects and $40.1 billion in supply chain and consumption effects;
- $28.3 billion in income (wages and salaries) paid to workers; and
- 441,900 full time equivalent jobs supported or 19.1% of total employment in Queensland during 2013/14.
In 2013/14, the Queensland resources sector contributed $37.8 billion to the Brisbane region.
This accounted for 198,170 full time equivalent jobs, or 18% of the city’s workforce.