Last Updated on 10 June 2024 by Brisbane Livewell Clinic

Economic Landscape of Brisbane

Brisbane, the capital city of Queensland, has a thriving economy with promising growth projections. As a vibrant city, Brisbane offers a range of economic opportunities across various industries. Let’s explore the growth projections and key industries driving the economy of Brisbane.

Growth Projections

According to the Brisbane Economic Development Agency, Brisbane’s economy is anticipated to grow to $239 billion by 2041. This projection indicates the city’s strong potential for economic expansion and prosperity. The Brisbane Economic Development Plan 2012-2031 outlines the city’s priorities and actions required to achieve its economic goals by 2031. It forecasts an increase in economic output from roughly $55,000 per person in 2011 to over $75,000 per person by 2031 (Wikipedia).

Key Industries Driving Economy

Brisbane boasts a diverse range of industries that contribute to its economic growth and stability. Some of the key industries driving the economy of Brisbane include:

  1. Health: The health industry plays a significant role in Brisbane’s economy. The city is home to world-class hospitals, research facilities, and medical professionals. The health sector provides employment opportunities and contributes to the overall growth of the city’s economy.

  2. Tourism: Brisbane’s tourism industry is a major economic driver. The city attracts visitors from around the world with its beautiful landscapes, cultural attractions, and vibrant events. Major export categories for the Brisbane economy include tourism, with a value of $7.1 billion in the year to September 2018 (Wikipedia).

  3. Property and Construction: Brisbane’s property and construction industry is booming, with ongoing infrastructure development and residential projects. The city’s growing population and demand for housing contribute to the strength of this industry.

  4. Logistics: Brisbane’s strategic location makes it a logistics and transportation hub. The city’s efficient transportation networks, including the Brisbane Airport and Port of Brisbane, facilitate the movement of goods and contribute to the economy. Goods exports through the Brisbane Airport and Port of Brisbane were valued at $16.1 billion in 2017–18 (Wikipedia).

  5. Advanced Manufacturing: Brisbane has a thriving advanced manufacturing sector, encompassing industries such as aerospace, defense, and technology. The city’s skilled workforce and innovative companies contribute to the growth and competitiveness of this industry.

  6. Business Services: Brisbane is a major business hub in Australia, offering a wide range of business services. The city has strengths in banking, insurance, information technology, real estate, and food industries. These sectors provide employment opportunities and contribute to the overall economic prosperity of Brisbane.

Brisbane’s economic landscape is dynamic and diverse, with a range of industries driving its growth. The city’s Gross Domestic Product (GDP) was $170.5 billion in 2017–18, contributing to around half of Queensland’s overall economy and 9.4% of national GDP. With its strengths in various sectors, Brisbane continues to be a key player in Australia’s economy and an attractive destination for businesses and investors.

Population and Infrastructure

When it comes to the city of Brisbane, both its population and infrastructure play key roles in shaping the vibrant and thriving environment that it offers. Let’s take a closer look at the population statistics and infrastructure development in Brisbane.

Population Statistics

Brisbane’s population has experienced significant growth over the years. As of 2024, the estimated population stands at 2,536,449, showing substantial growth from 441,718 in 1950. This growth represents an annual change of 1.28%, with an increase of 31,944 people in the last year alone (World Population Review).

The City of Brisbane is the local government area with the largest population in Australia, being the first Australian LGA to surpass one million residents. It administers a significant portion of the Brisbane Greater Capital City Statistical Area (GCCSA), accounting for nearly half of its population. The city is further divided into various regions, including inner suburbs, northern suburbs, southern suburbs, eastern suburbs, western suburbs, and Moreton Bay, encompassing a total of 19, 50, 54, 27, 43, and 5 settlements, respectively (Wikipedia).

Infrastructure Development

To accommodate the growing population and support the city’s development, Brisbane has seen significant infrastructure development. The City of Brisbane administers a substantial budget, with over $3 billion allocated in 2016-2017. This budget surpasses those of other major Australian cities such as Sydney and Melbourne, making it one of the most financially robust local government areas (Wikipedia).

The city boasts a well-planned transport system that ensures ease of movement and accessibility for its residents and visitors. The transport system provides various options, including buses, trains, and ferries, allowing for convenient travel throughout the city. Brisbane’s commitment to infrastructure development has contributed to its efficient and well-connected transportation network.

Furthermore, the city offers a range of amenities and services to cater to the needs of its growing population. These include healthcare facilities, educational institutions, recreational spaces, and cultural venues. Brisbane’s diverse and well-maintained infrastructure enhances the quality of life for its residents and contributes to its status as a desirable place to live and work.

As Brisbane continues to grow, the city’s population and infrastructure will continue to evolve. The ongoing development and investment in infrastructure ensure that the needs of the population are met while maintaining the city’s livability and functionality.

City Administration and Services

When it comes to city administration and services, the City of Brisbane takes pride in effectively managing its resources to meet the needs of its residents. With a significant population and a budget of over $3 billion in 2016–2017, the City of Brisbane is committed to delivering a wide range of services and maintaining a high standard of living for its residents (Wikipedia).

Budget Allocation

The City of Brisbane’s budget allocation is one of the largest among local government areas in Australia. In 2016–2017, the council administered a budget of over $3 billion, surpassing the budgets of other major cities such as Sydney and Melbourne (Wikipedia). This substantial budget allows the city to invest in various initiatives, infrastructure development, and essential services to support the needs of its residents.

Service Offerings

The City of Brisbane provides a wide range of services to cater to the diverse needs of its residents. These services include but are not limited to:

The City of Brisbane continues to innovate and evolve its services to meet the changing needs of its growing population. By investing in infrastructure development, maintaining a well-managed budget, and providing essential services, the City of Brisbane aims to create a thriving and vibrant community for all its residents.

Sister Cities and International Relations

Brisbane, the capital city of Queensland, has established sister city relationships and maintains international connections to foster cultural exchange, collaboration, and economic partnerships. Let’s explore the sister city relationships and global connections of Brisbane.

Sister City Relationships

Over the years, Brisbane has developed sister city relationships with various international cities. Notably, Nice, France, was a sister city of Brisbane until 1995. The relationship between Brisbane and Bangkok was established in 1997 and lasted until 2017. These sister city relationships have facilitated cultural exchanges, business collaborations, and educational opportunities between Brisbane and its international counterparts.

Global Connections

Brisbane, as a major Australian city, has strong global connections. It has played a significant role in the history of Australia, serving as the capital of Queensland since its separation from New South Wales in 1859. During World War II, Brisbane served as the headquarters for General Douglas MacArthur of the United States Army, highlighting its global importance during that time.

Currently, Brisbane is preparing for the 2032 Olympic and Paralympic Games, which will further enhance its global profile. The Australian and Queensland governments are investing in significant infrastructure projects to support the games, including the redevelopment of the Gabba and urban renewal of Woolloongabba (DPN). These projects aim to provide more housing and job opportunities in the city, contributing to its growth and global recognition.

Brisbane’s strong global connections extend beyond the realm of international relations. It is known for its efficient, clean, and reasonably priced public transport system, making it easier for residents and visitors to navigate the city. While public transport fares in Brisbane can be comparatively higher than in other Australian cities, the overall transport system remains reliable and accessible. For more information on public transport in Brisbane, check out our section on Public Transport and Accessibility.

In conclusion, Brisbane’s sister city relationships and global connections contribute to its vibrant and cosmopolitan atmosphere. These connections foster cultural exchange, economic growth, and opportunities for collaboration on a global scale. As a resident of Brisbane, you can benefit from these international relationships and the diverse experiences they bring to the city.

Lifestyle and Attractions

When it comes to living in Brisbane city, you can expect a vibrant and fulfilling lifestyle, along with a plethora of attractions to explore. Here, we’ll discuss some of the lifestyle benefits and top tourist attractions that make Brisbane a captivating destination.

Lifestyle Benefits

Brisbane offers a host of lifestyle benefits that cater to the needs and preferences of its residents. One of the standout features is the city’s efficient, clean, and reasonably priced public transport system. While it is important to note that Brisbane has the most expensive public transport in Australia, the system is still highly regarded for its reliability and accessibility. The city utilizes its river well, offering ferry services for both commuting and sightseeing along the picturesque Brisbane River.

In addition to excellent transportation options, Brisbane boasts an enviable climate, with warm, sunny weather for most of the year. This allows residents to enjoy outdoor activities and make the most of the city’s parks, gardens, and recreational spaces. South Bank Parklands is a prime example, providing a riverfront precinct with activities, events, and Streets Beach at its center. This vibrant area offers diverse restaurants, free fitness classes, markets, and children’s programs, making it a popular pedestrian spot in the city.

Top Tourist Attractions

Brisbane is not only a great place to live but also offers a multitude of attractions that appeal to both residents and visitors. One of the must-visit destinations is the Lone Pine Koala Sanctuary. Located in Brisbane, this sanctuary allows visitors to cuddle koalas and interact with over 70 species of Australian animals, including kangaroos, kookaburras, and crocodiles. Daily encounters, keeper talks, and interactive demonstrations make it a top family-friendly attraction.

Exploring the city’s iconic river is another fantastic experience. Brisbane River cruises provide a scenic way to soak in the sights, with views of landmarks like the Story Bridge and Kangaroo Point Cliffs. Operators such as River City Cruises and Kookaburra River Queens offer a range of options, from 90-minute tours to lunch packages. Additionally, CityCats and City Ferries provide informative narrated cruises along the Brisbane River, allowing visitors to learn about the city’s history and landmarks.

Brisbane’s lifestyle benefits and top tourist attractions make it an enticing destination for both residents and visitors. Whether you want to enjoy the city’s beautiful parks and outdoor spaces, cuddle koalas at the Lone Pine Koala Sanctuary, or embark on a scenic river cruise, Brisbane offers a diverse range of experiences that cater to various interests.

Public Transport and Accessibility

When it comes to public transport and accessibility, Brisbane offers an efficient, clean, and reasonably priced system. However, it’s important to note that it also has the most expensive public transport in Australia (Quora). Let’s explore the transport system overview and the city’s accessibility.

Transport System Overview

Brisbane boasts a well-connected public transport network, making it easy to get around the city. The system includes buses, trains, and ferries, providing residents and visitors with various options to reach their destinations.

Buses

The bus network covers a vast area, including suburbs like Wavell Heights, Banyo, Aspley, Hendra, Nundah, Geebung, Boondall, Stafford, Chermside, Clayfield, Northgate, Carseldine, Stafford Heights, Kedron, Nudgee, Kalinga, Chermside West, Gordon Park, Everton Park, McDowall, and Bridgeman Downs.

Trains

The train network is extensive, connecting Brisbane to various suburbs and neighboring regions. It provides a convenient mode of transportation for both daily commuters and travelers exploring the city.

Ferries

Brisbane’s river plays a significant role in the city’s public transport system. The ferry services, known as CityCats and City Ferries, offer a unique and scenic way to commute and enjoy sightseeing along the Brisbane River. These services also provide informative narrated cruises, allowing passengers to appreciate the city’s landmarks, such as the Story Bridge and Kangaroo Point Cliffs.

City Accessibility

Brisbane’s accessibility is a significant advantage for residents and tourists. The city’s central location in Queensland makes it a convenient hub for travel within the state and to neighboring cities. Being within a day’s drive from Sydney, Townsville, and everywhere in between, it offers excellent accessibility for exploring Queensland.

In addition to road travel, Brisbane’s South Bank beach and parklands provide an escape for residents and visitors. The area offers eateries, entertainment options, and a pleasant environment to relax and unwind. The city also utilizes its river effectively, offering ferry services for commuting and sightseeing along the Brisbane River.

To further enhance accessibility, Brisbane River cruises are available for those who want to explore the city from a different perspective. Operators like River City Cruises and Kookaburra River Queens offer informative narrated cruises, showcasing the city’s landmarks and providing a unique experience for tourists and locals alike (PlanetWare).

With its well-connected public transport system, convenient location, and various modes of transportation, Brisbane ensures that residents and visitors can navigate the city easily and enjoy all that it has to offer.