Spending in Qld economy reaches a peak

Spending in the final quarter of 2017 was the highest ever according to Qld Treasurer Jackie Trad.
Spending in the final quarter of 2017 was the highest ever according to Qld Treasurer Jackie Trad.

New jobs, construction and business investment delivered $84 billion to Queensland's economy in the final three months of last year, amounting to the highest ever quarter of growth in the state.

The value of economic activity in the December quarter of 2017 is even higher than it was during the mining boom.

Treasurer Jackie Trad told parliament on Thursday it was the eighth consecutive quarter of growth for Queensland.

"This means that in (the) December quarter 2017, domestic economic activity was around $50 million higher per day than in December quarter 2015," Ms Trad said.

"Businesses are also hiring more staff, with over 110,000 jobs created over the last 12 months, with the majority being full-time."

For every part-time job created over the past year, almost two full-time positions were created, Ms Trad said.

Australian Associated Press