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Economic growth


(annual change)


↑ 0.1%

December 2021
(annual change)


↑ 2.3%

August 2022
(year-on-year change)

Consumer price index

↑ 6.0%

(year-on-year change)

State final demand

↑ 8.2%

(year-on-year change)

Wage price index

↑ 2.1%

(year-on-year change)

Unemployment rate


August 2022
(monthly seasonally adjusted)

Darwin house price


June 2022
(median price)

The Northern Territory (NT) economy is characterised by an abundance of natural resources, a large public sector and a significant defence force presence. The NT has a relatively small open economy, which is heavily influenced by external economic conditions such as exchange rates, commodity prices, interstate and international migration flows, as well as investment in major projects. The distinctive structure of the economy is also influenced by the relative small population, which is distributed over a large and mostly remote area. Significant distances also separate the NT’s main population centres from each other, and from the rest of Australia.

The Department of Treasury and Finance monitors and reports regularly to the Treasurer, other Government agencies and the public on the performance of the NT economy. Treasury undertakes extensive analysis of associated key macroeconomic indicators and industries, as well as economic modelling and demographic projections.

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