Western Australia has the largest output of any state, with with its large exportation of mining and petroleum commodities especially iron, alumina, natural gas, nickel and also gold. W.A has the biggest open cut gold mine is W.A.! We do not contribute to the food exports as much as various countries but our mining and such makes up for it.
Which regions produce whats kinds of goods and services?
The Kimberley region has many goods and services such as pearling,diamonds,oil and gas. Small amounts of zinc and lead is also mined. Indigenous art was also performed there. Lots of agriculture is involved.
To the left is a picture of Kalgoorlie, it is the largest open cut goldmine in Australia. There is also a large argyle diamond mine in the north west.
What are the strengths and weaknesses of the economy?
STRENGTHS- We export many precious materials that are rare yet found abundantly in Western Australia. We have many refining plants and industrial areas, to get a faster and more efficient exportation.
WEAKNESSES- Our weakness would be that we do not have enough exports of variety, we may have many rare substances but they are less essential.Imports from other countries are always necessary and very expensive and time consuming.
How is Western Australia's economy changing?
We are running out of resources slowly of coarse like any other, but mainly we are pulling in alot of needed money which is used on buildings and improvement of our society.Example: Perth is now a centre for banking and finance(which it never was),it includes many major banks like common wealth, national Australia bank, west pack and ANZ.
