Monday, December 13, 2010

Australia, Brisbane - Cost of Living

The economy of Australia is a prosperous, free market economy dominated by its services sector, representing 68% of Australian GDP. The agricultural and mining sectors (10% of GDP combined) account for 57% of the nation's exports.

Brisbane is the state capital of the Australian state of Queensland and is the largest city in that state. Brisbane is the third most populous city in Australia. Brisbane's economy is diverse. White-collar industries include information technology, financial services, higher education and public sector administration generally concentrated in and around the central business district and recently established office areas in the inner suburbs. Blue-collar industries, including petroleum refining, stevedoring, paper milling, metalworking and QR railway workshops, tend to be located on the lower reaches of the Brisbane River and in new industrial zones on the urban fringe. Tourism is an important part of the Brisbane economy, both in its own right and as a gateway to other areas of Queensland.

Brisbane has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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