At the end of each financial year our members give us information on their spending for the year. We then use this confidential company information to build a uniquely detailed picture of Queensland’s largest export industry.
This resource industry data allows us to track spending to the postcode level and show exactly how the sector benefits every corner of Queensland.
How are the numbers calculated?
There are two main sources of information – direct and indirect.
So, if a resource company buys a new vehicle from the local car yard, (ie direct spending), then the car dealer has extra income (i.e. indirect spending). Similarly, when a resource employee is paid their wage (i.e. direct spending), they might use it to buy a new family car (ie indirect spending). We can’t collect data on the indirect spending, but it is very important to regional economies, so we estimate it. These estimates come from state-of-the-art economic modelling by our independent consultant.
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