South Australia surges ahead in defence industry growth
South Australia’s defence industry has recorded the strongest growth of all states in 2023-24, contributing a significant $1.9 billion to the nation’s economy, according to new data from the Australian Bureau of Statistics (ABS). The ABS reports a 27 per cent increase in the gross value added (GVA) by South Australia's defence industry in 2023-24 from the previous year, adding $425 million to the national economy. The sector's workforce also saw substantial growth, expanding by 15 per cent and creating an additional 1,300 jobs in South Australia. Over the past five years, the state’s defence industry has demonstrated consistent growth, ...