Victoria has left economists surprised after surging from fifth to first in analysis comparing the economic performance of each Australian jurisdiction.
For the first time in more than a year, the jurisdiction took top spot in the quarterly CommSec state of the states report, the latest of which was released on Monday.
"While the lift from fifth to first is surprising, we knew coming into this quarter there was little to separate the economic performance of the states and territories. CommSec measures economic growth"using real state demand plus real net trade in goods and services in seasonally adjusted terms". State of the States: Victoria jumps ahead of the states and territories to top the leader board. Find out how the state and territory economies are faringCommSec further noted Victoria's population grew at its fastest rate in seven years, while the state was second in the nation for jobs growth.
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