State Economic Profile • Capital: Melbourne • 25.6% of Australian Population
Victoria - Economic Statistics
Victoria is a diversified service and manufacturing economy centred on Greater Melbourne. Over the past two decades, rapid overseas migration and residential building activity have been central drivers of state final demand.
Headline Victoria Indicators
2026 Q1 National series →
Victoria Population
7.15M Persons
Sep 2026 National series →
Victoria Unemployment Rate
5.1% %
2026 Q2 National series →
Victoria State Final Demand Growth
2.9% % p.a.
2026 Q2 National series →
Victoria Mean Dwelling Price
$918.4k A$'000
2026 Q2 National series →
Victoria Wage Growth (WPI)
3.1% % p.a.
May 2026 National series →
Victoria Average Weekly Earnings (AWOTE)
$2,041 A$ / week
Aug 2026 National series →
Victoria Dwelling Approvals
38,195 Dwellings / yr
Jun 2025 National series →
Victoria Annual Retail Turnover
$58,159m A$ million / yr
Victoria Historical Trajectories
Victoria Population
PersonsVictoria Unemployment Rate
%Victoria State Final Demand Growth
% p.a.Victoria Mean Dwelling Price
A$'000Victoria Wage Growth (WPI)
% p.a.Victoria Average Weekly Earnings (AWOTE)
A$ / weekVictoria Annual Economic Data Table (1980–2026)
Source: Australian Bureau of Statistics (ERP_Q, LF, ANA_SFD, RES_DWELL_ST, WPI, AWE)
| Year | Population | Unemployment (%) | State Final Demand (%) | Mean Dwelling ($'000) | Wage Growth (%) | Weekly Earnings ($) |
|---|---|---|---|---|---|---|
| 2026 | 7,154,221 | 4.9% | 3.2% | $918.4 | 3.1% | $2,041 |
| 2025 | 7,116,016 | 4.5% | 2.2% | $952.8 | 3.3% | $1,987 |
| 2024 | 7,003,810 | 4.3% | 1.5% | $902.3 | 3.3% | $1,905 |
| 2023 | 6,881,068 | 3.8% | 2.5% | $920.7 | 3.6% | $1,846 |
| 2022 | 6,700,395 | 3.8% | 6.7% | $901.3 | 2.8% | $1,772 |
| 2021 | 6,555,013 | 5.1% | 6.7% | $941.8 | 2.0% | $1,755 |
| 2020 | 6,567,195 | 6.5% | -4.6% | $792.4 | 1.7% | $1,714 |
| 2019 | 6,590,050 | 4.8% | 2.0% | $749.1 | 2.8% | $1,628 |
| 2018 | 6,479,695 | 5.0% | 5.0% | $708.6 | 2.5% | $1,557 |
| 2017 | 6,358,210 | 6.0% | 4.6% | $746.9 | 2.1% | $1,516 |
| 2016 | 6,235,781 | 5.8% | 4.0% | $674.2 | 2.1% | $1,477 |
| 2015 | 6,093,049 | 6.1% | 4.5% | $622.8 | 2.6% | $1,411 |
| 2014 | 5,957,512 | 6.6% | 2.1% | $566.9 | 2.8% | $1,388 |
| 2013 | 5,832,585 | 5.9% | 1.3% | $538.1 | 2.9% | $1,364 |
| 2012 | 5,709,586 | 5.5% | 1.7% | $501.7 | 3.5% | $1,314 |
| 2011 | 5,591,818 | 5.1% | 2.1% | $506.6 | 3.8% | $1,274 |
| 2010 | 5,495,711 | 5.3% | 4.9% | - | 3.1% | $1,232 |
| 2009 | 5,419,249 | 5.6% | 1.5% | - | 3.3% | $1,176 |
| 2008 | 5,313,285 | 4.5% | 3.4% | - | 4.1% | $1,116 |
| 2007 | 5,199,503 | 4.7% | 4.0% | - | 3.7% | $1,064 |
| 2006 | 5,103,965 | 5.0% | 2.9% | - | 3.6% | $1,020 |
| 2005 | 5,023,203 | 5.3% | 4.5% | - | 4.1% | $989 |
| 2004 | 4,957,147 | 5.5% | 5.2% | - | 3.4% | $962 |
| 2003 | 4,900,176 | 5.6% | 4.1% | - | 3.3% | $927 |
| 2002 | 4,845,024 | 6.0% | 6.7% | - | 3.5% | $875 |
| 2001 | 4,790,212 | 6.4% | 2.6% | - | 3.5% | $808 |
| 2000 | 4,730,855 | 6.2% | 3.9% | - | 3.1% | $766 |
| 1999 | 4,677,581 | 7.0% | 6.7% | - | 3.0% | $742 |
| 1998 | 4,629,345 | 7.8% | 5.6% | - | 3.2% | $729 |
| 1997 | 4,586,156 | 8.7% | 7.0% | - | - | $700 |
| 1996 | 4,552,904 | 8.8% | 4.0% | - | - | $674 |
| 1995 | 4,517,353 | 8.9% | 4.1% | - | - | $649 |
| 1994 | 4,483,205 | 10.8% | 3.9% | - | - | $628 |
| 1993 | 4,466,738 | 12.1% | 1.7% | - | - | - |
| 1992 | 4,458,219 | 11.5% | 2.9% | - | - | - |
| 1991 | 4,435,083 | 10.0% | -4.5% | - | - | - |
| 1990 | 4,400,707 | 6.1% | -2.5% | - | - | - |
| 1989 | 4,348,225 | 4.9% | 6.6% | - | - | - |
| 1988 | 4,295,300 | 5.9% | 4.4% | - | - | - |
| 1987 | 4,234,945 | 6.3% | 2.3% | - | - | - |
| 1986 | 4,183,842 | 6.7% | 2.7% | - | - | - |
| 1985 | 4,140,421 | 6.9% | - | - | - | - |
| 1984 | 4,097,640 | 7.7% | - | - | - | - |
| 1983 | 4,054,498 | 9.0% | - | - | - | - |
| 1982 | 4,012,687 | 6.6% | - | - | - | - |
| 1981 | 3,968,398 | 5.6% | - | - | - | - |
| 1980 | 3,930,655 | 5.9% | - | - | - | - |