The Growth Lab is currently engaged in a project with the State of Western Australia (WA) through its Department of Primary Industries and Regional Development (DPIRD). The project aims to identify both high-potential economic diversification opportunities and structural challenges to sustained and inclusive growth.
As a primarily mining-based economy, WA’s growth trajectory has depended heavily on investment flows. Recent years have highlighted a growing need for supplementary engines of growth and job creation, as well as contextually relevant stabilization mechanisms. The Growth Lab will work with officials across DPIRD and other public institutions to understand the scope for relevant policy recommendations.
The Growth Lab is using its Growth Diagnostics and Economic Complexity methodologies to analyze the State of Western Australia’s economy and to identify avenues for productive diversification and sustainable economic transformation both at a state and regional level.
ATLAS OF ECONOMIC COMPLEXITY
Explore Australia's Country Profile
Australia ranks as the 87th most complex country in the Economic Complexity Index (ECI) ranking. Compared to a decade prior, Australia's economy has become less complex, worsening 5 positions in the ECI ranking. Australia's worsening complexity has been driven by a lack of diversification of exports.
State of Western Australia, acting through its Department of Primary Industries and Regional Development