A dedicated First Nations Roundtable was held in Boorloo on Thursday as part of a series of meetings aimed at informing the federal government's economic reform plans.

Senate President and WA senator Sue Lines hosted the event which brought together First Nations community-controlled organisations and business leaders.

Senator Lines said the Roundtable focused on unlocking First Nations-led solutions to Australia's productivity challenges and ensuring Indigenous perspectives are considered in long-term economic planning.

"First Nations organisations and leaders have been providing opportunities for their community for years. Their knowledge, resilience and innovation must be part of our national productivity agenda," she said.

"This roundtable is about listening to ensure that economic growth delivers real, lasting outcomes for First Nations people."

Topics discussed included Indigenous-led enterprise, employment pathways, skills development, regional investment, and the structural barriers still impacting economic participation for First Nations Australians.

Senator Lines praised the leadership and insight of participants.

"Productivity isn't just about numbers; it's about people," she said.

First Nations representatives also gathered on Larrakia Country in Darwin on Tuesday for an economic roundtable.

The federal government said the meetings will directly inform the Economic Reform Roundtable convened by the Treasurer in Canberra later this month.

Federal Minister for Indigenous Australians Malarndirri McCarthy said the First Nations business sector was crucial to shaping Australia's future economic prosperity, with the industry contributing more than $16 billion to the economy, while creating new jobs and an estimated $42.6 billion in social value each year.

"First Nations businesses make a significant contribution to the Australian economy," she said.

"In 2022 they contributed more than $16b to the national economy, employed upwards of 116,000 people and paid $4.2 billion in wages.

Indigenous business leaders have warned that fundamental reforms are necessary to make the federal government's promises of economic empowerment a reality.