Editing Australian Capital Territory (section)

== Economy ==
{{Main|Economy of the Australian Capital Territory}}
Economic activity in the territory is heavily concentrated around the city of Canberra.

A stable housing market, steady employment and rapid population growth in the 21st century have led to economic prosperity and, in 2011, [[Commsec]] ranked the territory as the second best performing state or territory in the country.<ref>{{cite web |url=http://www.ibtimes.com.au/australian-capital-territory-australias-best-economy-1277250 |title=Australian Capital Territory is Australia's best economy |date=18 January 2011 |work=[[International Business Times]] |access-date=11 February 2016}}</ref> This trend continued into 2016, when the territory was ranked the third best performing out of all of Australia's states and territories.<ref>{{cite news |url=http://www.abc.net.au/news/2016-01-27/commsec-state-of-the-states-puts-nsw-economy-1/7115154 |title=CommSec State of the States places NSW economy first |newspaper=ABC News |date=27 January 2016 |access-date=22 June 2016}}</ref>

In 2017–18, the territory had the fastest rate of growth in the nation due to a rapid growth in population, a strongly performing higher education sector as well as a significant housing and infrastructure investment.<ref name=":7">{{Cite web |url=https://www.canberratimes.com.au/story/5996178/glitter-starting-to-fade-act-economic-growth-to-slow/ |title='Glitter starting to fade': ACT economic growth to slow |last=Jervis-Bardy |first=Dan |date=29 January 2019 |website=The Canberra Times |language=en |access-date=2019-04-09}}</ref>

Higher education is the territory's largest export industry.<ref name=":7" /><ref name=":8">{{Cite web |url=https://dfat.gov.au/trade/resources/Documents/act.pdf |title=Fact sheets for countries, economies and regions: Australian Capital Territory |date=2018 |website=Department of Foreign Affairs and Trade |access-date=9 April 2019 |archive-url=https://web.archive.org/web/20190422162308/https://dfat.gov.au/trade/resources/Documents/act.pdf |archive-date=22 April 2019 |url-status=dead}}</ref> The territory is home to a significant number of universities and higher education providers. The other major services exports of the territory in 2017–18 were government services and personal travel.<ref name=":8" /> The major goods exports of the territory in 2017–18 were gold coin, legal tender coin, metal structures and fish, though these represent a small proportion of the economy compared to services exports.<ref name=":8" />

The economy of the territory is largely dependent on the public sector with 30% of the jobs in the territory being in the public sector.<ref name=":9">{{Cite web |url=https://www.dixon.com.au/insights/the-act-economy |title=The ACT economy still going strong |last=Kennedy |first=Maddison |date=July 2017 |website=Dixon Advisory |access-date=2019-04-09}}</ref> Decisions by the federal government regarding the public service can have a significant impact on the territory's economy.<ref name=":9" />

The territory's gross state product in 2017–18 was $39.8&nbsp;billion which represented 2.2% of the gross domestic product of Australia.<ref name=":8" /> In 2017–18 the territory economy grew by 4.0 per cent, the highest growth rate of any jurisdiction in Australia. This brought real economic growth over the three years to June 2018 to 12 per cent.<ref>{{Cite web |url=https://apps.treasury.act.gov.au/__data/assets/pdf_file/0020/1318151/2018-19-Budget-Review-Web-Version-PDF.pdf |archive-url=https://ghostarchive.org/archive/20221009/https://apps.treasury.act.gov.au/__data/assets/pdf_file/0020/1318151/2018-19-Budget-Review-Web-Version-PDF.pdf |archive-date=2022-10-09 |url-status=live |title=Australian Capital Territory BUDGET 2018–19 Budget Review |last=ACT Government |access-date=2019-10-27}}</ref>