The Port of Port Hedland and its supply chain pumped $54.7 billion into WA’s economy in 2018/19 and is responsible for one in every 12 jobs throughout the State.
Reinforcing the Pilbara and the Port of Port Hedland as the powerhouses of the State and national economies, The Economic Significance of the Port of Port Hedland report compiled by ACIL Allen Consulting for PHIC found that the port’s economic contribution accounted for 20 per cent of WA’s Gross State Product in 2018/19.
The Port Hedland Port Supply Chain supported 75,302 FTE jobs in WA and paid $9.1 billion in wages and salaries to workers across the State.
Based on growth predictions in the report, to 2028/29, the supply chain is expected to deliver an extra $26.2 billion in gross regional, State and domestic product; with an extra 5307 FTE jobs across Australia and 1072 extra jobs a year in the Pilbara.
The report said there would be a potential increase in real income of $32.1 billion over 10 years, with most of that being in the Pilbara ($14.9 billion) and WA ($14.4 billion).