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Queensland Tops Nation, Lags in AI Data Centers
15 Sep
Summary
- Queensland leads the nation in economic performance for the June quarter.
- Queensland's investment in dwellings and businesses shows strong growth.
- The state attracts only 3% of national AI data center investment.
Queensland secured the top spot in Australia's latest national economic performance rankings for the June quarter. The CommSec State of the States index highlighted strong growth in investment for dwellings, up 16.8% year-on-year, and a 9% increase in business investment.
Despite these successes, the state is attracting a minimal share of the burgeoning AI data center market. While an estimated $150 billion could be invested nationally by 2030, Queensland is projected to receive just 3% of this, with most investment concentrated in New South Wales and Victoria.
This underperformance in data center investment contrasts with Queensland's otherwise robust economic standing. The state's fiscal health has also been under recent review, with a credit rating downgrade occurring for the first time in 17 years, though economists note this is separate from real economic performance metrics.
