New South Wales economy · State final demand
New South Wales state final demand captures spending and investment inside the country's largest state economy while leaving trade outside the measure. The total and per-person series distinguish aggregate scale from demand relative to population.
2 published series · abs-state-accounts, derived-shorted-economy
gdp.state_final_demand_chain_volume.total.nsw.seasadj
Latest value
$215.5B
Change from prior period
+$3.9B
from Oct 2025
gdp.state_final_demand_per_capita.total.nsw.seasadj
Latest value
$24493
Change from prior period
+$113
from July 2025
State final demand measures spending within a state or territory by households, governments and businesses, including investment, but excluding international and interstate trade. The Australian Bureau of Statistics publishes it quarterly in the Australian National Accounts, with chain-volume estimates designed to show changes after removing direct price effects. This topic brings the total and per-capita state series together. State final demand is a proxy for domestic state activity, not a state-level gross domestic product flow: the ABS does not publish a quarterly state GDP flow. It can rise while export-facing production weakens, or fall while net exports support broader output. National-accounts estimates are revised as source data improves, seasonal factors are re-estimated and annual supply-use or state accounts benchmarks are incorporated. Per-capita results also depend on population estimates. The series describe recorded demand; they are not a measure of household welfare, a forecast or advice about markets or policy.
Coarse operating-exposure bands are AI estimates based on public company information. Headquarters-only matches are withheld.
CBA Commonwealth Bank Of Australia.Banks
Significant operations exposure (estimate)
Basis: Large customer base and branch network
WBC Westpac BankingBanks
Significant operations exposure (estimate)
Basis: Large customer base and lending
NAB National Australia BankBanks
Significant operations exposure (estimate)
Basis: Large customer base and lending
WES WesfarmersConsumer Discretionary Distribution & Retail
Significant operations exposure (estimate)
Basis: Large store network and sales
Significant operations exposure (estimate)
Basis: Large customer and commercial banking base
EVN Evolution MiningMaterials
Majority of operations (estimate)
Basis: Cowal gold mine operations
TLS Telstra GroupTelecommunication Services
Significant operations exposure (estimate)
Basis: Sydney network, enterprise, major customers
Every chart reports its source, unit, frequency, adjustment and source licence from the economic-series catalogue. Latest periods may be preliminary or revised by the publisher. Historical data only; not a forecast or financial advice.
