The latest economic snapshot of Australia's regions shows many parts of the country have not benefited from the mining boom, prompting calls for a new approach to regional development.

The annual State Of The Regions Report has been released at the Local Government Association's national assembly in Canberra.

The report says while Western Australia and some parts of Queensland and New South Wales are clear winners from the boom, the expansion has had a negative impact in other areas.

Co-author Peter Brain says there is a need for a rethink in regional economic planning.

"Yes we are doing reasonably well compared to all other OECD countries, but we should be doing a hell of a lot better," he said.

The report has recommended rethinking regional development in Australia and setting up an inquiry to look into the issue.

It says there needs to be a system of dedicated funds in place to boost local infrastructure projects.