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Perth and Western Australia Meeting Planners Guide : 2016-2018 Meeting Planners Guide
2016-18 Meeting Planners Guide Natural resources While WA’s early wealth flowed from the discovery of gold in Kalgoorlie in the late 1800s, WA has become the world’s second-largest iron ore producer and a top five oil and gas exploration and production hub. WA is a global leader in research and development: • International research centres in remote sensing, geo-mechanics and hydrometallurgy. • The renowned Energy and Minerals Institute at The University of Western Australia (UWA). WA dominates resource commodities: • WA’s iron ore sales are forecast to rise by an annual average of 4.8% to 799 million tonnes between 2013-14 and 2018-19. • L NG sales are expected to grow from 21 million tonnes in 2013-14 to almost 50 million tonnes by 2017-18. • WA accounted for 40% of proposed iron ore expansions by the top 10 iron ore exporting countries in 2012 and 27% of global LNG capacity under construction in 2014. Western Australia contributed 47% of Australia’s merchandise exports in 2014, accounting for large shares of national exports to China (71%), Japan (51%) and Korea (49%). Key industry sectors Recognised internationally as a hub of excellence and innovation in modern industries, WA remains the powerhouse of the financial Australian landscape. Our proximity to Asia is a major advantage while our capital city matures and evolves culturally. WA’s gross state product (GSP) was $265 billion in 2013-14 , contributing 17% of Australia’s gross domestic product (GDP). GSP per capita was $103,770, 53% higher than the national average of $67,932. WA’s merchandise exports rose 8% in volume terms in 2013-14 . Merchandise exports are expected to rise by an annual average of 6% in the five years to 2018-19. Business keeps bustling in Western Australia (WA), its reputation for bold entrepreneurialism intact as it continues to the drive the nation’s economy. Statistic Source - Government of Western Australia, Department of State Development Western Australia Economic Profile May 2015.