The industry pumping $10 billion into Central Queensland
THE resource industry pumped $10 billion into the Central Queensland economy last year, powering 53,000 jobs and $1.4b in wages.
Those staggering figures were provided by the Queensland Resources Council in its tenth Economic Contribution Report (2018-2019) underlining the continuing importance of the sector to the region.
QRC chief executive Ian Macfarlane said Rockhampton was a major beneificiary with resources contributing $1.4 billion to the economy and supporting 7646 full time jobs in the city.
"It's not just diesel fitters and truck drivers but also butchers and chefs," Mr Macfarlane said.
"The sector invested $464 million with 629 local businesses and 51 community organisations and paid $204 million in wages."
Across the state the sector added more than a billion dollars in value a week accounting for one in seven jobs and one in five dollars of investment.
He said the resources sector now supported 372,561 direct and indirect jobs, and in 2018-19 it added $74.3 billion to the Queensland economy.
The new figures were released on Friday at QRC's annual lunch, attended by Prime Minister Scott Morrison.
"The strength of the sector is driven primarily by coal, which is worth a billion dollars a week to Queensland, or $52.5 billion over the year," Mr Macfarlane said.
"The coal industry directly employs 34,667 Queenslanders and supports another 226,887 indirect jobs.
He said it wasn't just the resurgent coal price delivering a budget benefit for Queenslanders but significant growth in the metals category, such as copper, zinc and bauxite, up 26 per cent this year and now worth $11.7 billion to the state's economy.
"There are strong prospects for even greater returns and more jobs as Queensland's world-class North West Minerals Province is developed," he said.
"This year's figures are up substantially on last year, with both overall jobs and total value-added growing by 18 per cent."
"Over the last 10 years the resources sector has added an extraordinary $668 billion to the Queensland economy, reflecting the world-class reputation of our sector and the hard work of Queenslanders.
"The numbers are on a global scale, but the benefits are local.
"With one in seven Queenslanders working in or with the resources sector, just about every Queensland family has a connection to mining and the resources sector. The resources sector is diverse and growing for the future."