Economic Snapshot

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.

Direct Expenditure

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.

 

 

Fast Facts

  • Queensland is an important producer of gold, mineral sands, phosphate and magnesite.
    Source: Queensland Government

  • Queensland has more than half of Australia’s demonstrated economic resources of lead, zinc,  silver  and bauxite and  13% of Australia’s demonstrated economic resources of and copper.
    Source: Queensland Government

  • Queensland’s resources sector in 2015-16  supported one in every seven Queensland jobs.
    Source: www.qrc.org.au

  • Queensland’s resources sector in 2015-16 delivered 1 in every five dollars of the state’s economy through our spending in Queensland.
    Source: www.qrc.org.au

  • Queensland has more than half of Australia’s demonstrated economic resources of lead , zinc and silver, nearly 60% of Australia’s demonstrated economic resources of bauxite and and 13% of its copper resources.
    Source: Queensland Government Mining Update

  • The Queensland resources sector’s land disturbed ‘footprint’ covers just 0.1% of Queensland’s total land surface.
    Source: www.qrc.org.au

  • The Queensland resources sector  covers  just 0.1% of Queensland’s total land surface.
    Source: www.qrc.org.au

  • Queensland’s resources sector in 2015-16 delivered one in every five dollars of the state’s economy through its spending in Queensland.
    Source: www.qrc.org.au

  • Queensland’s resources sector in 2015-16 supported one in every seven Queensland jobs and $1 in every $5 of the economy
    Source: www.qrc.org.au

  • Queensland’s resources sector in 2015-16 supported one  in every seven Queensland jobs.
    Source: www.qrc.org.au