The state of Victoria is the second largest economy in Australia after New South Wales, accounting for a quarter of the nation's gross domestic product. The total
gross state product (GSP) at current prices for Victoria was A$459 billion in June 2020, with a GSP per capita of A$68,996.
Agriculture Victoria is Australia's second-largest agricultural producer in gross value of production, representing about 25 percent of Australia's total food production. There are 67,600 people employed in the agricultural industry, making it the 6th largest employer in the state. There are about 21,600 farms in the state, managing more than 11.4 million hectares or 50% of the state's total landmass, of which 40% was used for
cropping and 50% for
grazing. Victorian farms produce nearly 90% of Australian pears and a third of apples. The main vegetable crops include asparagus, broccoli, carrots, potatoes, and tomatoes. More than 14 million sheep and 5 million lambs graze over 10% of Victorian farms, mostly in the state's north and west.
Pgt standard race 126 was the most common (
Puccinia graminis f. sp. tritici) race here from 1929 to 1941, as it was for the whole of Australia. Victorian farms produce nearly 90% of Australian
pears and a third of
apples. It is also a leader in
stone fruit (
Prunus) production. The main vegetable crops include
asparagus,
broccoli,
carrots,
potatoes and
tomatoes. Last year, of pears and of tomatoes were produced. More than 14 million sheep and 5 million lambs graze over 10% of Victorian farms, mostly in the state's north and west. In 2004, nearly 10 million lambs and sheep were slaughtered for local consumption and export. Victoria also exports live sheep to the Middle East for meat and to the rest of the world for breeding. More than of wool clip was also produced—one-fifth of the Australian total. Victoria is the centre of dairy farming in Australia. It is home to 60% of Australia's 3 million dairy cattle and produces nearly two-thirds of the nation's milk, almost . The state also has 2.4 million beef cattle, with more than 2.2 million cattle and calves slaughtered each year. In 2003–04, Victorian commercial fishing crews and aquaculture industry produced of seafood valued at nearly A$109 million. Blacklipped
abalone is the mainstay of the catch, bringing in A$46 million, followed by southern
rock lobster worth A$13.7 million. Most abalone and rock lobster is exported to Asia. Most of Australia including this state imposed a moratorium on
GM canola in 2003 to consider the positives and negatives. Late in 2019, the
COVID-19 pandemic began, and Australian agriculture was heavily impacted by the resulting supply chain issues. The scarcity of freight space and disruption to Chinese New Year purchases was particularly painful, with China being Australia's largest export market and a particularly large buyer of live seafood. there are almost 100
strawberry farms here, most close to
Melbourne CBD in the
Yarra Valley. who recommend
varieties for production.
Manufacturing Victoria has a diverse range of manufacturing enterprises and Melbourne is considered Australia's most important industrial city. The post-World War II manufacturing boom was fuelled by international investment, attracted to the state by the availability of cheap land close to the city and inexpensive energy from the
Latrobe Valley. Victoria produced 26.4% of total manufacturing output in Australia in 2015–16, behind New South Wales at 32.4%. Machinery and equipment manufacturing is the state's most valuable manufacturing activity, followed by food and beverage products, petrochemicals and chemicals. Prominent manufacturing plants in the state include the
Portland and
Point Henry aluminium smelters, owned by
Alcoa;
Geelong and
Altona oil refineries; a major petrochemical facility at
Laverton; and Victorian-based
CSL, a global biotechnology company that produces vaccines and plasma products, among others. Victoria also plays an important role in providing goods for the
defence industry. Victoria proportionally relies on manufacturing more than any other state in Australia, constituting 8.6% of total state product; slightly higher than South Australia at 8.0%. However, this proportion has been declining for three decades; in 1990 at the time of the
early 1990s recession manufacturing constituted 20.3% of total state output. Manufacturing output peaked in absolute terms in 2008, reaching $28.8 billion and has slowly fallen over the decade to $26.8 billion in 2016 (−0.77% per annum). Since 1990, manufacturing employment has also fallen in both aggregate (367,700 to 274,400 workers) and proportional (17.8% to 9.0%) terms. The strong Australian dollar as a result of the
2000s mining boom, small population and isolation, high wage base and the general shift of manufacturing production towards developing countries have been cited as some of the reasons for this decline. Historically, Victoria has been a hub for the manufacturing plants of the major car brands
Ford,
Toyota and
Holden; however, closure announcements by all three companies in the 2010s has meant Australia will completely lose their car manufacturing industry by the end of 2017. Holden's announcement occurred in May 2013 following Ford's decision in December the previous year (Ford's Victorian plants, in
Broadmeadows and
Geelong, closed in October 2016). Toyota followed suit in February 2014 with an expected announcement as without Holden or Ford, local supply chains would struggle to create the
economics of scale required to supply one manufacturer.
Land Victoria adopted the
Torrens system of land registration with the
Real Property Act 1862. The Torrens system did not replace the common law system but applied only to new land grants and to land that has been voluntarily registered under the Act, and its successors. The common law system continues to apply to all other private landholdings.
Crown land held in Victoria is managed under the
Crown Land (Reserves) Act 1978 and the
Land Act 1958.
Mining in the Latrobe Valley Mining in Victoria contributes around A$6 billion to the gross state product (~2%) but employs less than 1% of workers. The Victorian mining industry is concentrated on energy producing minerals, with
brown coal, petroleum and
gas accounting for nearly 90% of local production. The oil and gas industries are centred off the coast of
Gippsland in the state's east, while brown coal mining and power generation is based in the
Latrobe Valley. In 1985, oil production from the offshore Gippsland Basin peaked to an annual average of per day. In 2005–2006, the average daily oil production has declined to /d, but despite the decline Victoria still produces almost 19.5% of crude oil in Australia. Campaigning resulted in a prohibition on onshore gas exploration and production in Victoria in 2014,. This was partially lifted in 2021 but the state retains a constitutional ban on fracking.
Brown coal is Victoria's leading mineral, with 66 million tonnes mined each year for electricity generation in the Latrobe Valley, Gippsland. The region is home to the world's largest known reserves of brown coal. Despite being the historic centre of Australia's gold rush, Victoria today contributes a mere 1% of national gold production. Victoria also produces limited amounts of
gypsum and
kaolin. Victoria's gold production is mostly derived from the
Fosterville and
Stawell Gold Mines.
Tourism Tourism is a significant industry in the state of
Victoria, Australia. The country's second most-populous city,
Melbourne was visited by 2.7 million international overnight visitors and 9.3 million domestic overnight visitors during the year ending December 2017. Named the
world's most liveable city from 2011 to 2017, Melbourne's culture and lifestyle have been increasingly promoted internationally, leading to average year-on-year growth of international visitors of 10% in the five years to 2017. Some major tourist destinations in Victoria are: • The metropolis of Melbourne, particular its inner city suburbs (known also for shopping tourism) and the attractions of the
city centre such as
Melbourne Zoo,
Melbourne Museum, the
Melbourne Aquarium and
Scienceworks, tourism precincts such as
Melbourne Docklands,
Southbank and
St Kilda as well as cultural and sporting tourist icons such as
Arts Centre Melbourne, the
East End Theatre District, the
National Gallery of Victoria, the
Melbourne Cricket Ground, also known as the
MCG, and the
Eureka Tower, with the highest observation deck in the Southern Hemisphere, Skydeck 88. • Victoria has more than 2000 kilometres of coastline with hundreds of beaches. • The Goldfields region featuring the historic cities of
Ballarat,
Beechworth,
Bendigo,
Castlemaine,
Maldon and
Daylesford. • Natural attractions, such as
The Twelve Apostles,
Wilsons Promontory,
The Grampians, the
fairy penguins (particularly at
Phillip Island and
St Kilda), the
Buchan Caves and the
Gippsland Lakes. • The
Dandenong Ranges (in particular the
Puffing Billy Railway). •
Healesville Sanctuary, which specialises in local Australian species. • Towns along the Murray River and Riverina including
Echuca and
Mildura including waterskiing. •
Geelong and its famous Waterfront, Eastern Beach and Geelong West's Pakington Street. • The
Bellarine Peninsula which features vineyards and historic resort towns such as
Queenscliff,
Drysdale and
Portarlington. • The
Werribee Park Mansion and
Werribee Open Range Zoo. • The Surf Coast which features famous beaches such as
Bells Beach,
Torquay and Lorne •
Mornington Peninsula, particularly for its wineries in
Red Hill and secluded beaches in
Mount Eliza and
Mornington, The Pillars in
Mount Martha,
Arthur's Seat and the coastal attractions of
Portsea,
Sorrento and
Flinders. •
Yarra Valley (in particular
Healesville Sanctuary and wineries). •
Great Ocean Road, which features The Twelve Apostles, historic towns of
Port Fairy and
Portland, cliffs and whale watching and resort towns such as
Lorne. • The Victorian Alpine Region, part of the
Australian Alps, particularly for
skiing. • The Central Victorian Highlands, "High country" are very well known for winter sports and bushwalking. •
Wine regions across the entire state. Other popular tourism activities are gliding, hang-gliding, hot air ballooning and scuba diving. Major events that explore cultural diversity, music and sports play a big part in Victoria's tourism. The V8 Supercars and Australian Motorcycle Grand Prix at Phillip Island, the Grand Annual Steeplechase at Warrnambool and the
Australian International Airshow at Avalon and numerous local festivals such as the popular
Port Fairy Folk Festival,
Queenscliff Music Festival, Pako Festa in Geelong West, Bells Beach Surf Classic and the
Bright Autumn Festival amongst others. File:Urban river banks (Unsplash).jpg|The Melbourne skyline at night File:Brighton Beach and Beach Huts, Australia - panoramio (37).jpg|
Brighton Beach bathing boxes File:Mornington Mills Beach W from carpark.jpg|
Mornington Mills Beach File:Autumn in the Dandenong Ranges.jpg|Autumn in the Dandenong Ranges File:TwelveApostles-Gaz.jpg|
The Twelve Apostles File:Sunset at Jan Juc, Torquay (6758802783).jpg|
Jan Juc,
Torquay ==Transport==