Victoria

Premier: Ben Carroll (Labor), since 28 July 2026

Governments since 1998

Ben Carroll

Labor · 28 July 2026 to now

Not in office on 30 June of any full financial year since 1998-99.

Jacinta Allan

Labor · 27 Sept 2023 to 28 July 2026

Average over 3 years in office: unemployment 4.4%, growth 2.1%, wages 3.3%, inflation 3.0%

Daniel Andrews

Labor · 4 Dec 2014 to 27 Sept 2023

Average over 9 years in office: unemployment 5.4%, growth 3.5%, wages 2.4%, inflation 2.6%

Denis Napthine

Liberal-National Coalition · 6 Mar 2013 to 4 Dec 2014

Average over 2 years in office: unemployment 6.0%, growth 1.3%, wages 2.9%, inflation 2.8%

Ted Baillieu

Liberal-National Coalition · 2 Dec 2010 to 6 Mar 2013

Average over 2 years in office: unemployment 5.2%, growth 2.7%, wages 3.8%, inflation 2.4%

John Brumby

Labor · 30 July 2007 to 2 Dec 2010

Average over 3 years in office: unemployment 5.0%, growth 3.2%, wages 3.4%, inflation 2.9%

Steve Bracks

Labor · 20 Oct 1999 to 30 July 2007

Average over 8 years in office: unemployment 5.7%, growth 4.3%, wages 3.5%, inflation 3.2%

Jeff Kennett

Liberal-National Coalition · 6 Oct 1992 to 20 Oct 1999

Average over 1 year in office: unemployment 7.4%, growth 7.7%, wages 3.0%, inflation 1.0%

Averages use the financial years ending (30 June) while each leader was in office. They describe the state's economy at the time, not what any government caused.

Source: Former Premiers

Parliament of Victoria · checked 21 October 2026

Statistics by year

Unemployment rate

Average of the 12 monthly rates in the financial year (seasonally adjusted; trend for the ACT and NT, which have no seasonally adjusted series).

2025-26

4.7%

Premier on 30 June: Jacinta Allan (Labor)

2024-25

4.4%

Premier on 30 June: Jacinta Allan (Labor)

2023-24

4.0%

Premier on 30 June: Jacinta Allan (Labor)

2022-23

3.7%