This data has been created by the Regional Australia Institute for the [In]Sight competitive index released in 2012. Modelled on the World Economic Forums Global Competitiveness Report [In]Sight was developed in collaboration with Deloitte Access Economics and combines data from sources including the Australian Bureau of Statistics and the Social Health Atlas of Australia.
Economic conditions determine the quality of the general economic climate in a region. Economic stability is a key factor in ensuring high levels of trust in the market for both consumers and producers. High levels of trust lead to high long term investment rates (by businesses and households) which are an integral component of competitiveness. Conversely uncertainty acts as a deterrent to investment thereby decreasing competitiveness.