5206.0 australian national accounts: national income ... · accounts: national income, expenditure...

3.73.3Seasonally adjusted

4.51.4Trend

Real net national disposable income


Terms of trade

4.11.0Original

GDP chain price index


4.11.3Trend

Gross fixed capital formation (Chain volume measure)


3.20.8Trend

Final consumption expenditure (Chain volume measure)


1.10.2Trend

GDP (Chain volume measure)

% changeJun qtr 10 to

Jun qtr 11

% changeMar qtr 11 to

Jun qtr 11

K E Y F I G U R E S

K E Y A G G R E G A T E S

! In trend terms, GDP increased 0.2% and Non-farm GDP increased 0.4% in the June 2011

quarter. GDP per hour worked in the market sector fell 0.3% and the Terms of Trade

rose 3.4%.

! In seasonally adjusted terms, GDP and Non-farm GDP both increased by 1.2% in the June

quarter. The Terms of trade rose 5.4% and Real gross domestic income rose 2.6%.

E X P E N D I T U R E O N G D P

! In seasonally adjusted terms, the main contributors to expenditure on GDP were

Inventories (0.8 percentage points) and Final consumption expenditure (0.7 percentage

points). Net Exports (-0.5 percentage points) was the largest detractor.

I N D U S T R Y G R O S S V A L U E A D D E D

! In seasonally adjusted terms, Manufacturing (up 2.8%) and Transport, postal and

warehousing (up 4.4%) both contributed 0.2 percentage points to the increase in GDP.

K E Y P O I N T S

E M B A R G O : 1 1 . 3 0 A M ( C A N B E R R A T I M E ) W E D 7 S E P 2 0 1 1

AUSTRALIAN NATIONALACCOUNTS: NATIONAL INCOME,EXPENDITURE AND PRODUCT

5206.0J U N E Q U A R T E R 2 0 1 1

For further informationabout these and relatedstatistics, contact theNational Information andReferral Service on1300 135 070 orNational Accounts onCanberra (02) 6252 6711,email<[email protected]>.

GDP growth ratesVolume measures, quarterly change

Jun2005

Jun2007

Jun2009

Jun2011

%

–1.5

–1.0

–0.5

0

0.5

1.0

1.5

2.0TrendSeas. adj.

Notes: Volume measures, contributionsto quarterly growth.

Contributions to GDP growthSeasonally adjusted

GFCEHFCE

GFCF–PrivGFCF–PubInventories

ExportsImports

GDP

–2 –1 0 1 2% points

I N Q U I R I E S

w w w . a b s . g o v . a u

5 September 2012June 2012

6 June 2012March 2012

7 March 2012December 2011

7 December 2011September 2011

RELEASE DATEISSUE (Quarter)FO R T H C O M I N G IS S U E S

There are revisions in this issue due to the incorporation of more up-to-date data and

concurrent seasonal adjustment.

An improvement to the methodology of compiling the chain volume measures and

implicit price deflators for internationally traded goods in seasonally adjusted terms has

been introduced to the following components from September 2005 onwards:

! metal ores and minerals

! coal, coke, briquettes

! other mineral fuels

! fuels and lubricants component.

Original estimates for Queensland Gross fixed capital formation have been revised as a

result of updated information received from respondents.

RE V I S I O N S IN TH I S I S S U E

wage price indexWPI

unit labour costsULC

System of National Accounts 2008 versionSNA08

real unit labour costsRULC

household final consumption expenditureHFCE

gross value of agricultural productionGVAP

gross value addedGVA

gross operating surplusGOS

gross national incomeGNI

gross national expenditureGNE

gross fixed capital formationGFCF

government final consumption expenditureGFCE

gross domestic productGDP

domestic final demandDFD

Australian and New Zealand Standard Industrial Classification, 2006

Edition

ANZSIC06

Australian Bureau of StatisticsABSAB B R E V I A T I O N S

B r i an P i n k

A u s t r a l i a n S t a t i s t i c i a n

2 A B S • A U S T R A L I A N N A T I O N A L A C C O U N T S : N A T I O N A L I N C O M E , E X P E N D I T U R E A N D P R O D U C T • 5 2 0 6 . 0 • J U N 2 0 1 1

N O T E S

74Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72Appendix: Time series spreadsheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .71Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .67Explanatory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

AD D I T I O N A L IN F O R M A T I O N

64Revisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .60Annual data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .58Selected analytical series . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55General government income account . . . . . . . . . . . . . . . . . . . . . . . . . . . . .53Household income account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50National income, capital and external accounts . . . . . . . . . . . . . . . . . . . . . . .42Components of state final demand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40Changes in inventories and agricultural income . . . . . . . . . . . . . . . . . . . . . . .38Household final consumption expenditure . . . . . . . . . . . . . . . . . . . . . . . . . .36Income from GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32Industry gross value added . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22Expenditure on GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19Key national accounts aggregates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

TA B L E S

17List of tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16Recent and upcoming releases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8Analysis and comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7Main features: State final demand chain volume measures . . . . . . . . . . . . . . . . .6Main features: Income at current prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5Main features: Production chain volume measures . . . . . . . . . . . . . . . . . . . . . .4Main features: Expenditure chain volume measures . . . . . . . . . . . . . . . . . . . . .

page

A B S • A U S T R A L I A N N A T I O N A L A C C O U N T S : N A T I O N A L I N C O M E , E X P E N D I T U R E A N D P R O D U C T • 5 2 0 6 . 0 • J U N 2 0 1 1 3

C O N T E N T S

F I N A L CO N S U M P T I O N EX P E N D I T U R E

! Government final consumption expenditure increased 0.9% and Household final

consumption expenditure increased 1.0% in seasonally adjusted terms. The main

contributors to growth in Household final consumption were Transport services (up

5.9%) and Recreation and culture (up 3.1%).

GR O S S F I X E D CA P I T A L FO R M A T I O N

! Gross fixed capital formation increased 0.2% in seasonally adjusted terms. Total

private gross fixed capital formation increased 1.3%, reflecting a rise in Total

machinery and equipment (up 4.9%).

! Public gross fixed capital formation decreased 3.8%. This was driven by a decrease in

Total public corporations investment (down 6.2%).

CH A N G E S IN IN V E N T O R I E S

! Total inventories increased $4227m in seasonally adjusted terms compared with an

increase of $1555m last quarter. The change in inventories contributed 0.8

percentage points to GDP growth during the quarter.

EX P O R T S AN D IM P O R T S OF GO O D S AN D SE R V I C E S

! Exports of goods and services increased 2.6% in seasonally adjusted terms.

Seasonally adjusted Exports of goods rose 3.0%, driven by Rural exports (up 9.4%).

! Imports of goods and services increased 4.3% in seasonally adjusted terms.

Seasonally adjusted Imports of goods rose 4.3%, with capital good imports being the

main driver (up 5.8%).

Su m m a r y Co m m e n t sJU N E QU A R T E R

na not available— nil or rounded to zero (including null cells)

1.21.41.20.21.10.2Gross domestic product0.1nana—nanaStatistical discrepancy (E)

–1.110.54.3–0.810.33.2Imports of goods and services0.6–3.72.6–0.2–3.9–1.1Exports of goods and services1.64.71.51.34.51.3Gross national expenditure0.8nana0.3nanaChanges in inventories

–0.2–4.6–3.8–0.1–3.3–0.8Public

—3.21.0—3.51.1Intellectual property products—2.71.0—–0.8–2.4Cultivated biological resources

0.314.34.90.311.94.2Machinery and equipment—10.0–0.40.19.81.4Non-dwelling construction—–16.8–0.8—–16.2–1.8Ownership transfer costs—0.7–0.10.12.71.1Dwellings

PrivateGross fixed capital formation

0.53.21.00.43.20.7Households0.23.40.90.13.40.7General government

Final consumption expenditure

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11

SEASONALLY ADJUSTEDTREND


M A I N F E A T U R E S E X P E N D I T U R E CH A I N V O L U M E ME A S U R E S

MI N I N G

! The trend estimate fell 2.8%. The seasonally adjusted estimate was flat following a

slow recovery from weather event disruptions in the March quarter.

MA N U F A C T U R I N G

! The trend estimate rose 0.5% while the seasonally adjusted estimate rose 2.8%

driven by a build up of work in progress and finished goods inventories in the Metal

products manufacturing subdivision.

TR A N S P O R T , PO S T A L AN D ST O R A G E SE R V I C E S

! The trend estimate rose 1.9%, while the seasonally adjusted estimate rose 4.4% with

increases in rail transport and storage services following the flooding in March

quarter.

RE N T A L , H I R I N G AN D LE A S I N G SE R V I C E S

! The trend estimate rose 1.9%, while the seasonally adjusted estimate rose 3.9% with

growth seen across both subdivisions.



1.21.41.20.21.10.2Gross domestic product0.1nana—nanaStatistical discrepancy (P)0.10.51.2—0.4—Taxes less subsidies on products0.12.90.70.12.90.7Ownership of dwellings—–2.31.6—–4.9–0.7Other services—4.7–1.0—6.41.1Arts and recreation services

0.12.70.9—2.90.9Health care and social assistance—2.40.5—2.40.5Education and training—0.80.2—1.10.3Public administration and safety—4.4–0.5—5.0–0.3Administrative and support services

0.15.01.40.16.41.0Professional, scientific and technical

services

0.11.03.9—0.41.9Rental, hiring and real estate services–0.1–0.2–0.7—0.5–0.2Financial and insurance services0.10.92.0—1.21.0

Information media andtelecommunications

0.26.84.40.14.61.9Transport, postal and warehousing0.15.43.7—4.11.3Accommodation and food services—0.90.2—1.30.4Retail trade

0.12.21.10.12.01.3Wholesale trade0.13.41.00.14.61.0Construction—1.2–0.2—1.50.7Electricity, gas, water and waste services

0.21.52.8—–0.30.5Manufacturing—–8.7—–0.2–9.5–2.8Mining—12.91.1–0.13.8–4.6Agriculture, forestry and fishing

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11



M A I N F E A T U R E S PR O D U C T I O N CH A I N VO L U M E ME A S U R E S

(a) GOS of non–financial and financial corporations.

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

22

24

26

28

30

PROFIT (a) SHARE OF TOTAL FACTOR INCOME: Trend

GR O S S OP E R A T I N G SU R P L U S (G O S )

! Trend GOS of corporations rose 0.7%, while in seasonally adjusted terms it rose

6.9%. Seasonally adjusted, GOS of corporations represented 28.1% of Total factor

income.

(a) Total compensation of employees.

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

52

53

54

55

56

57

WAGES (a) SHARE OF TOTAL FACTOR INCOME: Trend

CO M P E N S A T I O N OF EM P L O Y E E S (C O E )

! The trend rose 2.1%, reflecting a rise of 1.6% in average earnings coupled with a rise

of 0.5% in the number of wage and salary earners. Seasonally adjusted, COE rose

1.7%, reflecting a rise in average earnings of 1.2% and a rise of 0.5% in the number of

wage and salary earners. Seasonally adjusted, COE represented 53.1% of Total factor

income.



2.76.32.71.56.41.5Gross domestic product–0.2nana—nanaStatistical discrepancy (I)0.37.73.30.26.71.9Taxes less subsidies on production and imports—5.1–0.5—5.80.5Gross mixed income

—5.4–0.30.26.41.1Other1.94.010.10.2–0.20.9Private

Gross operating surplus0.87.51.71.08.02.1Compensation of employees

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11



M A I N F E A T U R E S I N C O M E A T CU R R E N T PR I C E S

ST A T E F I N A L DE M A N D

! In trend terms, growth during the quarter was strongest for Western Australia (up

2.3%) and Queensland (up 1.8%). The Northern Territory was the weakest, with

growth of -0.5%.

HO U S E H O L D F I N A L CO N S U M P T I O N EX P E N D I T U R E

! In trend terms, growth ranged from -0.1% in South Australia to 1.6% in Western

Australia.

GO V E R N M E N T F I N A L CO N S U M P T I O N EX P E N D I T U R E

! In trend terms, there was no growth in Tasmania and the Australian Capital

Territory. The strongest growth was recorded in Western Australia (up 1.0%).

PR I V A T E GR O S S F I X E D CA P I T A L FO R M A T I O N

! In trend terms, the weakest growth was recorded in the Northern Territory (down

2.9%) and New South Wales (down 1.8%). The strongest growth was recorded in

Queensland (up 6.6%) and Western Australia (up 3.8%).

PU B L I C GR O S S F I X E D CA P I T A L FO R M A T I O N

! In trend terms, growth across States ranged from -6.0% in Tasmania to 0.8% in the

Australian Capital Territory.


(a) Domestic final demand.— nil or rounded to zero (including null cells)

0.73.40.70.93.50.9Australia (DFD)(a)—4.6–0.7—5.90.7Australian Capital Territory—–3.51.1—–2.6–0.5Northern Territory—1.9–0.5—2.1–0.1Tasmania

0.16.61.00.37.72.3Western Australia0.12.72.0—2.30.6South Australia0.75.73.50.34.81.8Queensland0.12.30.60.22.50.8Victoria0.12.10.2—1.80.2New South Wales

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11

% points

contributions

to growth in

GDP Mar 11

to Jun 11

% change

Jun 10 to

Jun 11

% change

Mar 11

to Jun 11



M A I N F E A T U R E S S T A T E F I N A L DE M A N D CH A I N VO L U M E ME A S U R E S

The real purchasing power of income generated by domestic production is affected by

changes in import and export prices. Real gross domestic income adjusts the chain

volume measure of GDP by the Terms of trade. The graph below provides a comparison

of quarterly movements in trend GDP (volume measure) and Real gross domestic

income. In seasonally adjusted terms, during the June quarter, Real gross domestic

income rose 2.6%, while the volume measure of GDP increased by 1.2%, reflecting an

increase of 5.4% in the Terms of trade. This gives an increase of 6.5% in Real gross

RE A L GR O S S DO M E S T I C

IN C O M E

Mining

Manufacturing

Construction

Wholesale Trade

Financial etc

Professional etc

Admin. services etc

–0.9 –0.6 –0.3 0 0.3 0.6%points

SELECTED INDUSTRIES CONTRIBUT ION TO GROWTH, Jun 10 to Jun11 : Trend

On the expenditure side, the increase this quarter (in seasonally adjusted volume terms)

was driven by the Change in inventories (adding 0.8 percentage points), Household final

consumption expenditure (adding 0.5 percentage points) and Private gross fixed capital

formation (adding 0.3 percentage points). Offsetting these rises were Net exports

(detracting 0.5 percentage points) and Public gross fixed capital formation (detracting

0.2 percentage points).

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

–1

0

1

2

3TrendSeas. adj.

GDP, Percen tage changes —Volume measures

In seasonally adjusted terms, GDP increased 1.2% in the June quarter, through the year

GDP growth was 1.4%. The June quarter results provide the first measure of annual

growth for the 2010-11 financial year, growth for the year is 1.8%.

GR O W T H RA T E S IN GD P


A N A L Y S I S A N D C O M M E N T S

A broader measure of change in national economic well-being is Real net national

disposable income. This measure adjusts the volume measure of GDP for the Terms of

trade effect, Real net incomes from overseas and Consumption of fixed capital (see

Glossary for definitions). The graph below provides a comparison of quarterly

movements in trend GDP (volume measure) and Real net national disposable income.

During the June quarter, seasonally adjusted Real net national disposable income

increased 3.3%. Growth over the past 4 quarters was 3.7%% compared with 1.4% for

GDP.

RE A L NE T NA T I O N A L

D I S P O S A B L E IN C O M E

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

index

40

60

80

100

120

140

TERMS OF TRADE, Trend —(2008—09 = 100.0)

The Terms of trade represent the relationship between the prices of exports and

imports. An increase (decrease) in the Terms of trade reflects export prices increasing

(decreasing) at a faster rate than import prices. The Terms of trade rose 5.4% in

seasonally adjusted terms in the June quarter following a 4.1% increase in the March

quarter.

TE R M S OF TR A D E

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

–2

–1

0

1

2

3GDP (chain volume measure)Real Gross Domestic Income

PERCENTAGE CHANGES: Trend

domestic income for the 2010-11 financial year, this is the largest annual increase since

1987-88.

RE A L GR O S S DO M E S T I C

IN C O M E continued


A N A L Y S I S A N D C O M M E N T S continued

The Household saving ratio was 10.5% in seasonally adjusted terms in the June quarter

2011. The trend estimates for Household saving was 10.9% in the quarter.

Household saving is not measured directly. It is calculated as a residual item by

deducting Household final consumption expenditure from Household net disposable

income. As the difference between the two aggregates is relatively small, caution should

be exercised in interpreting the Household saving ratio in recent years, because major

components of household income and expenditure may be subject to significant

revisions. The impact of these revisions on the saving ratio can cause changes in the

direction of the trend. For more information on the Household saving ratio, Spotlight on

National Accounts, 2007–Household Saving Ratio (cat. no. 5202.0).

HO U S E H O L D SA V I N G

RA T I O

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

–3

–2

–1

0

1

2

3TrendSeas. adj.

NET EXPORTS CONTRIBUT ION TO GROWTH, Volume measures

Net exports represents the difference between exports and imports of goods and

services. Net exports detract from GDP growth when the change in the volume of

imports is greater than the change in the volume of exports. In seasonally adjusted

terms, Net exports detracted 0.5 percentage points from GDP growth in the June quarter

2011 compared with -2.2 percentage points in the March quarter 2011.

NE T EX P O R T S

CO N T R I B U T I O N TO

GR O W T H

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

–2

–1

0

1

2

3

4GDP (chain volume measure)Real net national disposable income

PERCENTANGE CHANGES: TrendRE A L NE T NA T I O N A L

D I S P O S A B L E IN C O M E

continued



The GDP chain price index was 1.0% in the June quarter 2011.

The chain price index for Household final consumption expenditure (HFCE) increased

0.6% in the June quarter 2011, compared to an increase of 0.9% in the Consumer Price

Index (CPI) over the same period. The HFCE chain price index is the National Accounts

measure most directly comparable to the CPI. However, it should be noted that the

conceptual bases for these two price measures are different. The most important

differences are

! the frequency with which each index is re-weighted,

! the range of lower level indexes contributing to each index, and

! the concepts and treatment of household expenditure, particularly in respect of

home ownership costs.

The Chain price index for Private gross fixed capital formation decreased 0.3% this

quarter. Machinery and equipment decreased 2.4%. This decrease was offset by a rise in

the Chain price index for Total non-dwelling construction (0.5%).

The Domestic final demand chain price index, encompassing changes in both

consumption and investment prices, was 0.4% in the quarter and 1.8% through the year.

The Export Chain price index increased 2.6% during the quarter, and 7.4% through the

year. Import prices increased 0.2% in the June quarter, but decreased 2.2% through the

year.

PR I C E S IN TH E NA T I O N A L

AC C O U N T S

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

–4

0

4

8

12

TrendSeas. adj.

HOUSEHOLD SAVING RAT IO , Cur ren t pr icesHO U S E H O L D SA V I N G

RA T I O continued



The National Accounts dataset contains a number of labour market related indicators.

Labour costs are the costs incurred by employers in the employment of labour. These

costs include wages and salaries, bonuses, paid leave, superannuation, taxes on

employment, training and recruitment costs, and fringe benefits (included in wages and

salaries in the national accounts). They are of particular interest as they impact on the

competitiveness of organisations, employers' willingness to employ and individuals'

willingness to supply labour.

Labour costs are reflected in household income via Compensation of employees and

therefore have a significant impact on household consumption, investment and saving

decisions.

In the June quarter 2011, seasonally adjusted Compensation of employees rose 1.7%, and

the seasonally adjusted number of employees recorded in the Labour Force survey rose

0.5%. Average compensation per employee increased 1.2%.

In trend terms, Hours worked increased 0.2% during the quarter with through the year

change at 1.7%. In the Market sector (see Glossary for definition) Hours worked rose

during the quarter (0.4%) with through the year change at 1.7%. In the June quarter

2011, GDP per hour worked (in trend terms) was flat. Market sector GDP per hour

worked (in trend terms) fell 0.3% in the quarter and by 1.0% through the year. Estimates

of GDP per hour worked are commonly interpreted as changes in labour productivity.

However, it should be noted that these measures reflect not only the contribution of

labour to changes in production per hour worked, but also the contribution of capital

and other factors (such as managerial efficiency, economies of scale, etc.).

The graph below presents quarterly growth rates in trend GDP and hours worked. The

ABS has produced analysis concerning the relationship between GDP and hours worked.

For more information please refer to Leading Indicators of Employment (Feature Article

in Australian Economic Indicators cat. no. 1350.0, April 2004) and the Research Paper:

Analysing the Terms of Trade Effect on GDP and Employment in the Presence of Low

Real Unit Labour Costs (cat. no. 1351.0.55.014).

NA T I O N A L AC C O U N T S

LA B O U R MA R K E T

IN D I C A T O R S

Households

Dwellings

Ownership transfer costs

Machinery & Equipment

Domestic final demand

Exports

Imports

GDP

–6 –3 0 3 6 9%change

Jun11Jun10 to Jun11

SELECTED EXPENDITURE CHAIN PRICE INDEXES, Percentage changes :Or ig i na l

PR I C E S IN TH E NA T I O N A L

AC C O U N T S continued



Changes in inventories can have a significant impact on growth in quarterly GDP. A

positive changes in inventories can be seen as production increasing at a faster rate than

consumption but the exact reasons underlying changes in inventories can be far more

complex. For example, firms may run up or run down inventories in anticipation of

future sales, supply constraints could affect inventories, or firms may under or over

estimate sales in a particular period.

The graph below shows GDP growth and the Changes in inventories contribution to

GDP growth, both in trend terms. Even in trend terms the Changes in inventories

contribution to GDP growth is quite volatile.

CH A N G E S IN

IN V E N T O R I E S

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

index

96

99

102

105

108

111Real unit labour costsReal unit labour costs – non–farm

REAL UNIT LABOUR COSTS: Trend —(2008–09 = 100.0)

Unit labour costs (ULC) represent a link between productivity and the cost of labour in

producing output. A Nominal ULC measures the average cost of labour per unit of

output while a Real ULC adjusts the nominal ULC for general inflation. Positive growth in

a real ULC indicates that labour cost pressures exist. In the June quarter 2011, the trend

Real ULC increased 0.7% while the trend Non-farm Real ULC increased 0.8%. The

Non-farm measure is generally preferred as it removes some of the fluctuations

associated with Agriculture.

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

–1.0

–0.5

0

0.5

1.0

1.5

GDPHours worked

PERCENTAGE CHANGE: TrendNA T I O N A L AC C O U N T S

LA B O U R MA R K E T

IN D I C A T O R S continued



Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

$m

–1000

0

1000

2000

3000ManufacturingWholesale tradeRetail trade

CHANGE IN INVENTORIES, Selec ted indus t r ies : Trend

Changes in inventories can be disaggregated into a number of industries. The graph

below shows the three largest inventory holding industries, Manufacturing, Wholesale

and Retail trade. In seasonally adjusted terms, Wholesale trade has continued a buildup

in the volume of inventories in the June quarter 2011. There has also been a build up in

the seasonally adjusted volume of inventories in Other non-farm this quarter. The Mining

industry is the main contributor to Other non-farm inventories.

Jun1997

Jun1999

Jun2001

Jun2003

Jun2005

Jun2007

Jun2009

Jun2011

%

–1.0

–0.5

0

0.5

1.0

1.5

Inventories contribution to growthGDP (Volume measure)

INVENTORIES AND GDP, Volume measures : TrendCH A N G E S IN

IN V E N T O R I E S continued



— nil or rounded to zero (including null cells)

—0.30.50.21.2June0.10.20.30.2–0.9March

2011

0.30.20.20.20.8December0.50.50.50.50.3September0.70.70.70.70.8June0.80.80.80.80.7March

2010

0.70.70.70.70.8December0.70.70.70.70.6September0.50.50.50.50.2June0.20.20.20.21.0March

2009

Falls

by

1.0%

No

change

Grows

by

1.0%

TREND ESTIMATE IFSEASONALLY ADJUSTED GDPCHANGES BY THE FOLLOWINGAMOUNTS IN SEP QTR 2011

Trend

GDP as

published

in table 1

Seasonally

adjusted

GDP as

published

in table 2

Trend estimates are used throughout this publication to analyse movements in time

series data. Details regarding the procedures used to estimate the trend series are

described in the Explanatory Notes (paragraphs 13 – 17) and in Information Paper: A

Guide to Interpreting Time Series–Monitoring Trends, 2003 (cat. no. 1349.0). Potential

revisions to trend estimates can be indicated by showing the effects of particular changes

in seasonally adjusted estimates that might occur in the next quarter. The table below

shows the trend estimates for the last ten quarters and the values to which they would

be revised if the given movements in seasonally adjusted GDP actually occurred in June

quarter 2011. In the absence of any other revisions, seasonally adjusted growth of -0.1%

is required in September quarter 2011 to maintain, in September quarter 2011, the trend

growth of 0.2% currently estimated for the June quarter 2011.

RE L I A B I L I T Y OF

CO N T E M P O R A R Y TR E N D

ES T I M A T E S



The June quarter 2011 issue of Australian National Accounts: Financial Accounts will be

released on 30 September 2011. It provides quarterly estimates of the financial flows

between sectors of the domestic economy and with the rest of the world. In addition,

the publication provides estimates of the financial assets and liabilities owned by each

sector and various subsectors at the end of each quarter. Other key estimates within the

publication include the demand for credit by nonfinancial domestic institutional sectors

during the quarter, and their corresponding levels of credit outstanding.

AU S T R A L I A N NA T I O N A L

AC C O U N T S : F I N A N C I A L

AC C O U N T S (C A T . NO .

52 3 2 . 0 )

The 2010–11 issue of the Australian National Accounts: State Accounts, will be released

on 23 November 2011. It provides detailed, annual estimates of Gross state product

(GSP) for all states and territories. These are estimated using the expenditure, income

and production approaches. Also published are estimates of household and agricultural

incomes. Many, but not all, estimates are available as chain volume measures as well as in

current prices.


AC C O U N T S : ST A T E

AC C O U N T S (C A T . NO .

52 2 0 . 0 )

The 2010–11 issue of the Australian System of National Accounts, will be released on 28

October 2011. It provides detailed, annual estimates of Australia's National Accounts.

These include expenditure, income and production estimates of Gross domestic product

(GDP), productivity estimates, sectoral accounts (for households, financial and

nonfinancial corporations, general government and the rest of the world), and additional

aggregates dissected by industry. Many, but not all, estimates are available as chain

volume measures as well as in current prices.

AU S T R A L I A N SY S T E M OF

NA T I O N A L AC C O U N T S

(C A T . NO . 52 0 4 . 0 )

The 2007–08 issue of Australian National Accounts: Input–Output Tables, will be released

on 29 September 2011. This product presents information on supply and use by detailed

product item based on the 2005–06 Input–Output Product Classification (IOPC). It

shows Australian production, imports, intermediate usage, final usage, exports, margins

and taxes less subsidies on products in 2007–08. These tables are released as Microsoft

Excel workbooks.


AC C O U N T S :

IN P U T – O U T P U T TA B L E S

E L E C T R O N I C PU B L I C A T I O N

(C A T . NO .

52 0 9 . 0 . 5 5 . 0 0 1 )

RE C E N T AN D UP C O M I N G RE L E A S E S


R E C E N T A N D U P C O M I N G R E L E A S E S

41Agricultural income, Current prices: Trend and seasonally adjusted23 . . . . . .40

Changes in inventories, Chain volume measures: Trend and seasonally

adjusted

22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CH A N G E S IN IN V E N T O R I E S AN D AG R I C U L T U R A L IN C O M E

39

Household final consumption expenditure, Chain volume measures:

Seasonally adjusted

21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38

Household final consumption expenditure, Chain volume measures:

Trend

20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

HO U S E H O L D F I N A L CO N S U M P T I O N EX P E N D I T U R E

37Income from GDP, Current prices: Seasonally adjusted19 . . . . . . . . . . . . . .36Income from GDP, Current prices: Trend18 . . . . . . . . . . . . . . . . . . . . . .

I N C O M E FR O M GD P

35

Industry gross value added, Chain volume measures, Percentage

changes: Seasonally adjusted

17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34

Industry gross value added, Chain volume measures: Seasonally

adjusted

16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33

Industry gross value added, Chain volume measures, Percentage

changes: Trend

15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32Industry gross value added, Chain volume measures: Trend14 . . . . . . . . . . .I N D U S T R Y GR O S S VA L U E AD D E D

31

Expenditure on GDP, Implicit price deflators, Percentage changes:

Seasonally adjusted

13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30Expenditure on GDP, Implicit price deflators: Seasonally adjusted12 . . . . . . .29

Expenditure on GDP, Chain price indexes, Percentage changes:

Original

11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28Expenditure on GDP, Chain price indexes: Original10 . . . . . . . . . . . . . . . .27Expenditure on GDP, Current prices: Seasonally adjusted9 . . . . . . . . . . . .26

Expenditure on GDP, Chain volume measures, Contributions to

growth: Seasonally adjusted

8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25

Expenditure on GDP, Chain volume measures, Percentage changes:

Seasonally adjusted

7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24Expenditure on GDP, Chain volume measures: Seasonally adjusted6 . . . . . .23

Expenditure on GDP, Chain volume measures, Percentage changes:

Trend

5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22Expenditure on GDP, Chain volume measures: Trend4 . . . . . . . . . . . . . .EX P E N D I T U R E ON GD P

21Key national accounts aggregates: Annual3 . . . . . . . . . . . . . . . . . . . . . .20Key national accounts aggregates: Seasonally adjusted2 . . . . . . . . . . . . . .19Key national accounts aggregates: Trend1 . . . . . . . . . . . . . . . . . . . . . . .

KE Y NA T I O N A L AC C O U N T S AG G R E G A T E S

page


L I S T O F T A B L E S

66

Industry gross value added, Chain volume measures, Revisions to

percentage changes: Seasonally adjusted

48. . . . . . . . . . . . . . . . . . . . . . .

65

Gross domestic product account, Current prices, Revisions: Seasonally

adjusted

47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

64

Expenditure on GDP, Chain volume measures, Revisions to percentage

changes: Seasonally adjusted

46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

RE V I S I O N S

63Industry gross value added, Chain volume measures: Annual45 . . . . . . . . . .62Income from GDP, Current prices: Annual44 . . . . . . . . . . . . . . . . . . . . . .61Expenditure on GDP, Current prices: Annual43 . . . . . . . . . . . . . . . . . . . .60Expenditure on GDP, Chain volume measures: Annual42 . . . . . . . . . . . . . .

AN N U A L DA T A

59Selected analytical series: Seasonally adjusted41 . . . . . . . . . . . . . . . . . . . .58Selected analytical series: Trend40 . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SE L E C T E D AN A L Y T I C A L SE R I E S

57Taxes, Current prices: Trend and seasonally adjusted39 . . . . . . . . . . . . . . .56

General government income account, Current prices: Seasonally

adjusted

38. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55General government income account, Current prices: Trend37 . . . . . . . . . .GE N E R A L GO V E R N M E N T SE C T O R

54Household income account, Current prices: Seasonally adjusted36 . . . . . . . .53Household income account, Current prices: Trend35 . . . . . . . . . . . . . . . .

HO U S E H O L D SE C T O R

52External accounts, Current prices: Trend and seasonally adjusted34 . . . . . . .51National capital account, Current prices: Trend and seasonally adjusted33 . . . .50

National income account, Current prices: Trend and seasonally

adjusted

32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NA T I O N A L IN C O M E , CA P I T A L AN D EX T E R N A L AC C O U N T S

49

State final demand, Chain volume measures: Australian Capital

Territory

31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

48State final demand, Chain volume measures: Northern Territory30 . . . . . . . .47State final demand, Chain volume measures: Tasmania29 . . . . . . . . . . . . . .46State final demand, Chain volume measures: Western Australia28 . . . . . . . . .45State final demand, Chain volume measures: South Australia27 . . . . . . . . . .44State final demand, Chain volume measures: Queensland26 . . . . . . . . . . . .43State final demand, Chain volume measures: Victoria25 . . . . . . . . . . . . . . .42State final demand, Chain volume measures: New South Wales24 . . . . . . . . .

ST A T E F I N A L DE M A N D

page


L I S T O F T A B L E S continued

(c) Population estimates are as published in the Australian Demographic Statistics(cat. no. 3101.0) and ABS projections.

(d) ANZSIC divisions A to N, R and S. See Glossary - Market sector.(e) Reference year for indexes is 2008–09 = 100.0.

. . not applicable— nil or rounded to zero (including null cells)(a) Change on preceding quarter; last column shows the change between the

current quarter and the corresponding quarter of the previous year.(b) Reference year for chain volume measures and real income measures is

2008–09.

. .121.7117.6113.7110.4107.593.490.789.2Terms of tradePrices

. .100.299.499.399.298.298.4100.1101.5Real unit labour costs - non-farm

. .99.298.598.998.998.098.2100.3101.2Real unit labour costs

. .101.5101.8102.2102.6102.5102.3102.2101.9GDP per hour worked market sector(d)

. .101.1101.0101.1101.3101.7102.0102.2102.0GDP per hour worked

. .102.8102.3102.0101.6101.1100.299.298.4Hours worked market sector(d)

. .103.5103.3103.0102.5101.7100.799.799.1Hours workedProductivity

I N D E X E S (e)

. .10.910.710.29.69.18.88.68.7Household saving ratio

. .32 52031 10131 12031 39728 78323 90520 06419 788National net saving ($m)

. .341 418335 595331 487327 789321 039311 571303 238299 305Gross national income ($m)

. .15 70815 51915 36615 20914 95614 59914 26714 092GDP per capita(c) ($)

. .355 218349 864345 354340 780333 959324 762316 088310 856GDP ($m)

Current price measures

. .12 13012 00111 95111 92511 75611 44911 18011 102Real net national disposable income per capita(c) ($)

. .274 300270 560268 612267 198262 515254 684247 695244 890Real net national disposable income ($m)

. .331 247326 778324 084321 915316 466307 892300 206296 747Real gross national income ($m)

. .343 780339 737336 826333 870328 225319 999312 682308 896Real gross domestic income ($m)

Real income measures(b)

. .271 273271 192271 317271 326270 544268 898267 163265 607Net domestic product ($m)

. .255 948255 747255 742255 593254 196251 623248 806246 047GDP market sector(d) ($m)

. .14 50814 51914 53714 55014 53114 47914 42614 385GDP per capita(c) ($)

. .328 093327 324326 720325 996324 484322 095319 616317 319GDP ($m)

Chain volume GDP and related measures(b)

L E V E L S

13.23.43.43.02.715.03.01.8–0.7Terms of TradePrices

2.00.8—0.20.9–0.1–1.8–1.31.4Real unit labour costs - non-farm1.20.7–0.4—0.9–0.2–2.1–0.91.1Real unit labour costs

–1.0–0.3–0.4–0.3—0.20.10.40.8GDP per hour worked market sector(d)–0.6—–0.1–0.2–0.3–0.3–0.20.20.7GDP per hour worked1.70.40.40.40.50.81.10.8–0.1Hours worked market sector(d)1.70.20.30.50.81.01.00.6—Hours worked

Productivity

6.41.51.31.32.02.82.71.70.2GDPCurrent price measures

3.21.10.40.21.42.72.40.7–1.0Real net national disposable income per capita(c)4.51.40.70.51.83.12.81.1–0.6Real net national disposable income4.71.40.80.71.72.82.61.2–0.2Real gross national income4.71.20.90.91.72.62.31.2—Real gross domestic income


0.3———0.30.60.60.60.5Net domestic product0.70.1—0.10.51.01.11.10.7GDP market sector(d)

–0.2–0.1–0.1–0.10.10.40.40.30.2GDP per capita(c)1.10.20.20.20.50.70.80.70.7GDP


PE R C E N T A G E CH A N G E (a)

JunMarDecSepJunMarDecSep

Jun 10 to

Jun 11

2010–112009–10

KEY NATIONAL ACCOUNTS AGGREGATES: Trend1




. . not applicable— nil or rounded to zero (including null cells)(a) Change on preceding quarter; last column shows the change between the

current quarter and the corresponding quarter of the previous year.(b) Reference year for chain volume measures and real income measures is

2008–09.

. .122.6116.3111.7111.1108.693.890.988.5Terms of tradePrices

. .99.8100.599.099.498.298.9100.0102.0Real unit labour costs - non-farm

. .98.899.698.599.098.098.8100.1101.7Real unit labour costs

. .102.1101.0102.7103.0102.0102.7102.0102.4GDP per hour worked market sector(d)

. .101.5100.5101.5101.3101.5102.3102.1102.2GDP per hour worked

. .102.7102.5101.8101.3101.699.999.498.3Hours worked market sector(d)

. .103.4103.2103.0102.4101.9100.399.898.9Hours workedProductivity

I N D E X E S (e)

. .10.511.79.79.78.79.28.18.9Household saving ratio

. .35 16028 78530 42832 04332 53820 43219 45222 012National net saving ($m)

. .344 343333 203330 298328 877325 098307 593303 186300 759Gross national income ($m)

. .15 79315 42815 36915 23215 04814 51414 29714 065GDP per capita(c) ($)

. .357 213347 666345 514341 286336 020322 872316 755310 273GDP ($m)


. .12 24711 89811 91511 93811 96211 28711 14811 177Real net national disposable income per capita(c) ($)

. .277 012268 118267 868267 473267 104251 074246 993246 563Real net national disposable income ($m)

. .333 990324 318323 332322 233321 025304 286299 483298 446Real gross national income ($m)

. .345 961337 159337 264333 902331 333317 313313 024308 788Real gross domestic income ($m)


. .272 301269 242272 830270 871270 769268 806267 288265 407Net domestic product ($m)

. .257 092254 057256 503255 948254 188251 593248 578246 717GDP market sector(d) ($m)

. .14 55314 43814 60014 53014 54214 47514 43114 375GDP per capita(c) ($)

. .329 181325 363328 222325 545324 714322 003319 739317 115GDP ($m)


L E V E L S

12.95.44.10.52.315.73.22.7–2.1Terms of TradePrices

1.7–0.71.6–0.41.2–0.7–1.1–2.01.7Real unit labour costs - non-farm0.8–0.71.1–0.51.0–0.8–1.3–1.61.3Real unit labour costs0.11.1–1.7–0.31.0–0.70.7–0.41.2GDP per hour worked market sector(d)—1.0–1.10.2–0.2–0.80.2–0.10.8GDP per hour worked

1.10.10.70.5–0.31.70.51.10.1Hours worked market sector(d)1.40.10.20.60.51.60.50.9–0.1Hours worked

Productivity

6.32.70.61.21.64.11.92.10.4GDPCurrent price measures

2.42.9–0.1–0.2–0.26.01.2–0.30.4Real net national disposable income per capita(c)3.73.30.10.10.16.41.70.20.9Real net national disposable income4.03.00.30.30.45.51.60.31.0Real gross national income4.42.6—1.00.84.41.41.40.1Real gross domestic income


0.61.1–1.30.7—0.70.60.70.5Net domestic product1.11.2–1.00.20.71.01.20.81.3GDP market sector(d)0.10.8–1.10.5–0.10.50.30.40.2GDP per capita(c)1.41.2–0.90.80.30.80.70.80.6GDP




Jun 10 to

Jun 11

2010–112009–10

KEY NATIONAL ACCOUNTS AGGREGATES: Seasona l l y ad jus ted2




— nil or rounded to zero (including null cells)(a) Percentage change on preceding year.(b) Reference year for chain volume measures and real income measures is

2008–09.

115.495.6100.093.488.381.873.767.3Terms of tradePrices

99.699.7100.0102.5102.5102.6103.0102.7Real unit labour costs - non-farm98.999.6100.0102.4102.6102.2102.8102.4Real unit labour costs

102.0102.4100.099.498.497.996.496.3GDP per hour worked market sector(d)100.8102.1100.099.698.898.297.496.8GDP per hour worked102.499.7100.099.896.994.092.690.2Hours worked market sector(d)103.3100.1100.099.096.193.491.389.3Hours worked

Productivity

I N D E X E S (e)

10.38.79.92.23.20.4–1.2–0.9Household saving ratio126 60094 271116 37793 55277 48868 20550 15952 948National net saving ($m)

1 336 6631 236 4981 209 8351 136 2441 044 634963 556892 725841 086Gross national income ($m)

61 90658 00557 77055 77152 30348 75245 75143 243GDP per capita(c) ($)

1 391 3301 284 7771 255 2411 185 7401 091 6331 001 440926 447865 271GDP ($m)


48 07545 67846 45046 12744 74443 54142 19941 327Real net national disposable income per capita(c) ($)

1 080 4721 011 7351 009 281980 694933 861894 412854 509826 938Real net national disposable income ($m)

1 302 7361 223 1241 209 8351 169 1701 111 9151 063 1271 012 999976 780Real gross national income ($m)

1 353 4711 270 3411 255 2411 220 0791 161 8701 104 8311 051 1771 004 766Real gross domestic income ($m)


1 084 1691 072 2701 055 6821 048 9231 014 285983 457958 763935 498Net domestic product ($m)

1 023 9071 001 076980 664973 665935 042902 152875 787851 861GDP market sector(d) ($m)

58 16757 95057 77058 19757 09556 01555 12454 183GDP per capita(c) ($)

1 307 2901 283 5711 255 2411 237 3201 191 6551 150 6441 116 2481 084 166GDP ($m)


L E V E L S

20.7–4.47.15.78.011.09.57.3Terms of TradePrices

–0.1–0.3–2.4—–0.1–0.40.3–1.0Real unit labour costs - non-farm–0.7–0.4–2.4–0.20.4–0.50.4–1.4Real unit labour costs–0.42.40.61.10.61.50.12.9GDP per hour worked market sector(d)–1.32.10.40.80.70.80.62.2GDP per hour worked2.7–0.30.23.03.11.52.71.6Hours worked market sector(d)3.20.11.13.02.92.22.31.9Hours worked

Productivity

8.32.45.98.69.08.17.17.6GDPCurrent price measures

5.2–1.70.73.12.83.22.14.2Real net national disposable income per capita(c)6.80.22.95.04.44.73.35.4Real net national disposable income6.51.13.55.14.64.93.75.5Real gross national income6.51.22.95.05.25.14.65.5Real gross domestic income


1.11.60.63.43.12.62.53.9Net domestic product2.32.10.74.13.63.02.84.5GDP market sector(d)0.40.3–0.71.91.91.61.72.9GDP per capita(c)1.82.31.43.83.63.13.04.2GDP



2010–112009–102008–092007–082006–072005–062004–052003–04

KEY NATIONAL ACCOUNTS AGGREGATES: Annua l3


(a) Reference year for chain volume measures is 2008–09.

328 093327 324326 720325 996324 484322 095319 616317 319315 235Gross domestic product

–322–338–6897–396–1 004–1 061–803–629Statistical discrepancy (E)84 05781 48079 25877 49176 19674 40371 51167 80565 211less Imports of goods and services73 70874 49375 62076 63976 71475 67474 13872 57371 659Exports of goods and services

338 839334 644330 420326 750324 362321 829318 029313 379309 544Gross national expenditure

3 5112 5721 3114325009811 069127–1 270Changes in inventories

335 201332 078329 111326 317323 862320 846316 959313 266310 840Domestic final demand

96 79195 50994 24793 29792 97392 28290 34387 94886 550Total gross fixed capital formation

21 02321 20021 31821 61621 74521 14719 56317 54316 091Total public gross fixed capital formation

15 09715 14715 15215 34115 35014 65313 12411 38810 310Total general government

9 94510 15710 33710 58110 60710 1709 1947 9617 041State and local

5 1164 9914 8194 7614 7434 4823 9303 4293 273Total national

2 7032 6682 5302 3872 2572 1431 9311 7851 762National–non-defence2 4072 3242 2922 3732 4862 3381 9981 6471 519National–defence

General government

5 9276 0546 1676 2746 3956 4946 4396 1575 785Total public corporations

5 3905 5385 7125 8956 0236 0495 9145 6225 352State and local547515453380372444525537436Commonwealth

Public corporationsPublic gross fixed capital formation

75 80374 30672 92171 68271 22871 13870 77870 38970 438Total private gross fixed capital formation

8 3398 2478 1658 1098 0567 9667 8377 7307 688Total intellectual property products

384377369361352343334325317Artistic originals2 9822 9252 8702 8202 7782 7352 6802 6072 530Computer software1 5271 5001 4821 4861 4851 4511 3981 4001 478Mineral and petroleum exploration3 4473 4453 4433 4423 4413 4383 4253 3983 363Research and development

Intellectual property products807826846848813782783794777Cultivated biological resources

22 12721 23920 32019 55919 76620 40820 69920 39320 083Total machinery and equipment

23 04822 23221 34320 58320 81821 54121 87121 52321 151NewMachinery and equipment

22 35322 03821 63121 07220 36419 70519 41719 81820 614Total non-dwelling construction

15 39314 71213 96513 12412 27611 68111 51911 75511 952New engineering construction7 3197 5787 8678 1368 2508 1287 9948 2048 867New building

Non-dwelling construction3 2713 3303 4613 6783 9004 0464 1324 1413 979Ownership transfer costs

18 82818 62918 50618 41718 32818 23417 90717 49717 283Total dwellings

7 8657 7327 6517 6737 8157 9107 7007 3477 138Alterations and additions10 96710 89710 85410 74410 51410 32410 20710 14910 144New and used dwellings

DwellingsPrivate gross fixed capital formation

238 353236 571234 867233 020230 889228 562226 616225 332224 318Total final consumption expenditure

179 161177 832176 571175 205173 665172 079170 849169 958169 036Households


35 98035 64735 34835 14134 98334 74034 36933 96033 603State and local23 15523 09522 95722 67422 24121 74221 39921 41621 685Total national17 09317 15617 15317 02916 82816 60716 49516 64116 979National–non-defence

6 0605 9395 8035 6455 4135 1364 9034 7754 708National–defenceGeneral government


$m$m$m$m$m$m$m$m$m

JunMarDecSepJunMarDecSepJun

2010–112009–102008–09

EXPENDITURE ON GDP, Cha in volume measures(a) : Trend4


(b) Change on preceding quarter, except for the last columnwhich shows the change between the current quarter and thecorresponding quarter of the previous year.

— nil or rounded to zero (including null cells)(a) Reference year for chain volume measures is 2008–09.

1.10.20.20.20.50.70.80.70.7Gross domestic product

10.33.22.82.31.72.44.05.54.0Imports of goods and services–3.9–1.1–1.5–1.3–0.11.42.12.21.3Exports of goods and services

4.51.31.31.10.70.81.21.51.2Gross national expenditure

3.50.90.90.90.80.91.21.20.8Domestic final demand

4.11.31.31.00.30.72.12.71.6Total gross fixed capital formation

–3.3–0.8–0.6–1.4–0.62.88.111.59.0Total public gross fixed capital formation

–1.6–0.3—–1.2–0.14.811.615.210.5Total general government

–6.2–2.1–1.7–2.3–0.24.310.615.513.1State and local

7.92.53.61.20.45.814.114.64.8Total national

19.81.35.46.05.85.311.08.21.3National–non-defence–3.23.61.4–3.4–4.66.317.021.38.4National–defence

General government

–7.3–2.1–1.8–1.7–1.9–1.50.94.66.4Total public corporations

–10.5–2.7–3.0–3.1–2.1–0.42.35.25.0State and local46.86.213.619.32.0–16.2–15.4–2.223.3Commonwealth


6.42.01.91.70.60.10.50.6–0.1Total private gross fixed capital formation

3.51.11.00.70.71.11.71.40.5Total intellectual property products9.02.02.12.22.52.92.72.72.5Artistic originals7.42.01.91.81.51.62.02.83.0Computer software2.81.81.2–0.30.12.33.8–0.1–5.3Mineral and petroleum exploration0.20.10.1——0.10.40.81.0Research and development

Intellectual property products–0.8–2.4–2.3–0.24.34.0–0.1–1.52.3Cultivated biological resources

11.94.24.53.9–1.1–3.1–1.41.51.5Total machinery and equipment

10.73.74.23.7–1.1–3.4–1.51.61.8NewMachinery and equipment

9.81.41.92.73.53.31.5–2.0–3.9Total non-dwelling construction

25.44.65.36.46.95.11.4–2.0–1.7New engineering construction–11.3–3.4–3.7–3.3–1.41.51.7–2.6–7.5New building

Non-dwelling construction–16.2–1.8–3.8–5.9–5.7–3.6–2.1–0.24.1Ownership transfer costs

2.71.10.70.50.50.51.82.31.2Total dwellings

0.61.71.1–0.3–1.8–1.22.74.82.9Alterations and additions4.30.60.41.02.21.81.20.6—New and used dwellings


3.20.80.70.80.91.00.90.60.5Total final consumption expenditure

3.20.70.70.80.90.90.70.50.5Households

3.40.70.80.81.01.31.30.70.2Total general government

2.80.90.80.60.50.71.11.21.1State and local4.10.30.61.21.92.31.6–0.1–1.2Total national1.6–0.4—0.71.21.30.7–0.9–2.0National–non-defence

12.02.02.32.84.35.44.72.71.4National–defenceGeneral government



Jun 10

to Jun

11

2010–112009–10

EXPENDITURE ON GDP, Cha in Volume Measures (a) —Percentage Changes(b) : Trend5




14–327–9551 130–51–2 030–1 125125–837Statistical discrepancy (E)84 59081 07679 19377 23276 54574 08072 52867 68964 783less Imports of goods and services74 36672 49577 61375 55177 21275 83374 05272 45571 098Exports of goods and services


4 2271 5552 604–538–551 980916277–1 359Changes in inventories





9 81110 16910 48810 36010 49410 8208 7358 1016 988State and local

5 0815 1534 7484 5544 8664 7283 8133 2513 357Total national


General government





8 3468 2638 1378 0918 0897 9857 8107 7367 655Total intellectual property products385376370361352344332324321Artistic originals

2 9872 9202 8742 8122 7802 7342 6862 6112 528Computer software1 5281 5231 4501 4781 5151 4711 3661 3921 448Mineral and petroleum exploration3 4473 4453 4433 4413 4413 4373 4263 4093 357Research and development



–832–1 099–981–1 060–964–1 183–1 188–1 155–1 026Net purchases of second hand assets23 13322 36221 25720 57220 47521 25123 24120 66921 127New

Machinery and equipment


–376–206–236–116–272–70–38–148–284Net purchases of second hand assets15 35115 03313 51413 53512 26211 37911 58011 77012 071New engineering construction

7 3337 5747 7948 2198 2878 1668 0297 9348 925New buildingNon-dwelling construction

3 3203 3483 3433 6923 9904 0214 0394 2224 081Ownership transfer costs

18 78518 79918 30618 36318 65917 84718 14417 74116 760Total dwellings




179 385177 626176 523175 411173 876171 548171 186169 709169 381Households





$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

EXPENDITURE ON GDP, Cha in Volume Measures(a) : Seasona l l y ad jus ted6


(b) Change on preceding quarter, except for the last column whichshows the change between the current quarter and thecorresponding quarter of the previous year.


1.41.2–0.90.80.30.80.70.80.6Gross domestic product

10.54.32.42.50.93.32.17.14.5Imports of goods and services–3.72.6–6.62.7–2.21.82.42.21.9Exports of goods and services




–4.6–3.80.31.3–2.4–2.417.18.08.4Total public gross fixed capital formation

–3.0–2.80.62.2–2.9–1.223.910.59.8Total general government

–6.5–3.5–3.01.2–1.3–3.023.97.815.9State and local

4.4–1.48.54.3–6.42.924.017.3–3.2Total national

–6.8–24.335.79.3–16.921.020.3–5.54.5National–non-defence17.035.1–17.7–0.25.4–11.827.248.0–12.4National–defence

General government

–8.4–6.2–0.5–0.7–1.1–5.23.93.45.8Total public corporations

–12.5–6.7–2.6–1.1–2.6–4.17.52.44.8State and local67.4–1.027.84.926.1–21.2–31.213.717.3Commonwealth


6.41.34.1–0.31.21.7–3.14.0–0.7Total private gross fixed capital formation

3.21.01.50.6—1.32.21.01.0Total intellectual property products9.12.31.62.62.42.63.42.61.0Artistic originals7.42.31.62.21.11.71.82.93.3Computer software0.80.35.0–1.9–2.53.07.7–1.9–3.9Mineral and petroleum exploration0.20.10.10.1—0.10.30.51.5Research and development

Intellectual property products2.71.0–2.4–7.112.15.1–1.1–8.39.0Cultivated biological resources

14.34.94.93.9—–2.8–9.013.0–2.9Total machinery and equipment

13.03.45.23.30.5–3.7–8.612.4–2.2NewMachinery and equipment

10.0–0.46.3–2.66.74.1–0.50.1–5.5Total non-dwelling construction

25.22.111.2–0.210.47.8–1.7–1.6–2.5New engineering construction–11.5–3.2–2.8–5.2–0.81.51.71.2–11.1New building

Non-dwelling construction–16.8–0.80.1–9.5–7.5–0.8–0.5–4.33.5Ownership transfer costs

0.7–0.12.7–0.3–1.64.5–1.62.35.8Total dwellings

1.32.52.3–1.3–2.0–0.90.46.39.8Alterations and additions0.2–1.93.00.4–1.38.9–3.2–0.63.2New and used dwellings


3.21.00.70.60.91.40.41.0—Total final consumption expenditure

3.21.00.60.60.91.40.20.90.2Households

3.40.90.80.61.01.60.91.5–0.4Total general government

2.81.21.10.4—1.11.01.11.3State and local4.30.40.40.92.72.30.82.0–3.1Total national2.2–0.3–0.70.72.40.4—2.0–4.3National–non-defence

11.02.33.51.33.48.43.52.31.0National–defenceGeneral government



Jun 10

to Jun

11

2010–112009–10

EXPENDITURE ON GDP, Cha in Volume Measures (a) —Percentage Changes(b) : Seasona l l y

adjus ted7


(b) Contributions to quarterly growth, except for the last columnwhich shows the contribution to growth between the currentquarter and the corresponding quarter of the previous year.



—0.10.2–0.60.40.6–0.3–0.40.3Statistical discrepancy (E)–2.5–1.1–0.6–0.6–0.2–0.8–0.5–1.5–0.9Imports of goods and services–0.90.6–1.60.6–0.50.40.60.50.4Exports of goods and services


1.30.8–0.31.0–0.1–0.60.30.20.5Total changes in inventories

——–0.10.1—–0.10.2–0.2–0.2Public authorities——–0.10.1————–0.1Farm

1.30.8–0.10.8–0.2–0.60.10.30.7Private non-farmChanges in inventories


1.10.10.9—0.10.20.31.30.3Total gross fixed capital formation

–0.3–0.2—0.1–0.2–0.21.00.40.4Total public gross fixed capital formation

–0.1–0.1—0.1–0.1–0.10.90.40.3Total general government

–0.2–0.1–0.1——–0.10.70.20.4State and local–0.1–0.20.30.1–0.10.10.1——National–non-defence0.10.2–0.1——–0.10.20.2–0.1National–defence

General government–0.2–0.1———–0.10.10.10.1Total public corporations

–0.2–0.1———–0.10.1—0.1State and local0.1—————–0.1——Commonwealth


1.40.30.9–0.10.30.4–0.70.9–0.2Total private gross fixed capital formation

0.1—————0.1——Total intellectual property products—————————Artistic originals

0.1————————Computer software—————————Mineral and petroleum exploration—————————Research and development

Intellectual property products—————————Cultivated biological resources

0.90.30.30.2—–0.2–0.60.8–0.2Total machinery and equipment

—0.1———0.1———Net purchases of second hand assets0.80.20.30.2—–0.2–0.60.8–0.1New

Machinery and equipment0.6—0.4–0.20.40.2——–0.4Total non-dwelling construction

—–0.1———–0.1———Net purchases of second hand assets1.00.10.5—0.40.3–0.1–0.1–0.1New engineering construction

–0.3–0.1–0.1–0.1————–0.3New buildingNon-dwelling construction

–0.2——–0.1–0.1——–0.1—Ownership transfer costs——0.2—–0.10.3–0.10.10.3Total dwellings

—0.10.1————0.10.2Alterations and additions—–0.10.1——0.3–0.1—0.1New and used dwellings


2.30.70.50.40.71.00.30.7—Total final consumption expenditure

1.70.50.30.30.50.70.10.50.1Households0.60.20.10.10.20.30.20.3–0.1Total general government

0.30.10.1——0.10.10.10.1State and local0.1———0.1——0.1–0.2National–Non-defence0.2—0.1—0.10.10.1——National–defence

General governmentFinal consumption expenditure

% pts% pts% pts% pts% pts% pts% pts% pts% pts


Jun 10 to

Jun 11

2010–112009–10

EXPENDITURE ON GDP, Cha in volume measures (a ) —Cont r ibu t ions to Growth(b) :

Seasona l l y Ad jus ted8



15–350–1 0061 184–52–2 036–1 115122–821Statistical discrepancy (E)72 25169 26667 50568 37367 92864 70963 66761 93961 155less Imports of goods and services77 85072 01373 86674 28474 39462 14459 11058 68160 658Exports of goods and services


3 7591 1102 424–900–1 1681 76356493–1 233Changes in inventories





9 79710 04510 38310 22510 27910 6018 5357 9436 930State and local

4 6004 8184 3394 1334 4434 3453 5703 1413 446Total national


General government





8 3018 2048 0277 9917 9627 8427 6587 6327 590Total intellectual property products413400388377366355344334324Artistic originals

2 6502 6322 6132 5952 5772 5592 5412 5232 493Computer software1 6411 6031 4841 5051 5351 4711 3431 3691 409Mineral and petroleum exploration3 5973 5693 5413 5143 4843 4563 4303 4053 365Research and development



–737–997–908–995–908–1 142–1 157–1 150–1 050Net purchases of second hand assets20 68020 44319 78619 40719 38920 54522 67120 59721 639New



–377–204–230–113–264–68–37–142–279Net purchases of second hand assets15 47715 16813 55813 55012 10411 20211 36311 57211 824New engineering construction

7 2577 4427 6978 0528 0317 9017 7227 6058 568New buildingNon-dwelling construction

4 0424 1954 3684 4064 5954 6834 5094 2203 847Ownership transfer costs

19 85019 70419 10419 03919 19118 23818 42317 87216 724Total dwellings




188 409185 784182 468180 318178 254175 108173 791171 058170 084Households





$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

EXPENDITURE ON GDP, Cur ren t pr i ces : Seasona l l y ad jus ted9


(a) Chain price indexes are annually reweighted Laspeyres indexes with reference year 2008–09 = 100.


87.086.785.989.589.087.587.491.694.8Imports of goods and services103.2100.695.198.296.084.880.781.684.9Exports of goods and services



98.397.798.098.297.997.797.798.499.2Total public gross fixed capital formation


99.398.298.498.297.998.198.098.399.2State and local

90.491.192.393.993.993.594.096.6100.3Total national

99.198.299.398.599.298.799.099.599.9National–non-defence81.884.085.589.388.688.389.093.7100.8National–defence

General government

102.0101.2101.0100.9100.3100.099.899.598.6Total public corporations

102.4101.5101.3101.1100.6100.299.999.598.5State and local95.096.396.197.096.395.996.999.299.4Commonwealth


99.599.8100.099.999.199.399.199.499.9Total private gross fixed capital formation

100.7100.499.799.899.599.298.999.399.6Total intellectual property products107.5106.6105.1104.7104.0103.4103.7103.3101.1Artistic originals

89.590.991.793.193.594.395.196.998.4Computer software107.0104.9102.1101.7101.4100.298.698.797.7Mineral and petroleum exploration105.9105.1104.4103.6102.7102.0101.4101.0101.0Research and development

Intellectual property products99.799.699.599.397.897.497.197.0100.0Cultivated biological resources88.790.892.593.994.396.497.499.5102.4Machinery and equipment

100.099.599.499.097.697.597.397.597.7Total non-dwelling construction

100.7100.7100.2100.098.798.498.398.898.6New engineering construction99.198.298.597.896.596.496.096.096.8New building

Non-dwelling construction121.3123.9130.5118.8114.6116.1111.5100.394.6Ownership transfer costs

105.6104.8104.2103.6102.8102.1101.5100.7100.0Total dwellings

106.9106.2105.3104.7104.1103.4102.6101.8100.5Alterations and additions104.6103.9103.4102.8101.8101.2100.6100.099.6New and used dwellings



105.7105.1103.6103.6103.0102.6101.7101.4100.7Households


107.8106.1106.7106.4105.2103.5102.9101.7101.7State and local106.7106.2105.1105.2103.9103.4101.6101.1100.6Total national108.0107.5106.1106.4105.1104.6102.2101.6100.9National–non-defence102.4101.9101.4100.999.899.699.199.299.7National–defence


indexindexindexindexindexindexindexindexindex


2010–112009–102008–09

EXPENDITURE ON GDP, Cha in pr i ce indexes(a) : Or ig ina l10


(b) Change on preceding quarter, except for the last columnwhich shows the change between the current quarter and thecorresponding quarter of the previous year.

— nil or rounded to zero (including null cells)(a) Chain price indexes are annually reweighted Laspeyres

indexes with reference year 2008–09 = 100.0.


–2.20.21.0–4.00.61.70.1–4.6–3.4Imports of goods and services7.62.65.8–3.22.413.15.1–1.1–3.9Exports of goods and services

1.80.40.7—0.60.30.70.20.3Domestic final demand

—–0.2–0.3—0.5–0.30.1–0.3–0.6Total gross fixed capital formation

0.40.6–0.3–0.20.30.2—–0.6–0.9Total public gross fixed capital formation

–0.30.5–0.6–0.40.2—–0.1–1.1–1.9Total general government

1.31.1–0.30.20.3–0.20.1–0.3–0.9State and local

–3.7–0.7–1.4–1.6—0.5–0.6–2.7–3.7Total national

–0.10.9–1.10.7–0.60.5–0.4–0.5–0.4National–non-defence–7.7–2.6–1.7–4.20.70.4–0.8–5.1–7.0National–defence

General government


1.90.90.20.20.60.30.30.41.0State and local–1.4–1.40.1–0.90.70.4–1.0–2.4–0.2Commonwealth


0.4–0.3–0.30.20.8–0.20.2–0.3–0.5Total private gross fixed capital formation

1.20.30.7–0.10.30.30.3–0.4–0.3Total intellectual property products3.30.81.50.40.60.6–0.30.42.2Artistic originals

–4.3–1.6–0.9–1.5–0.4–0.9–0.8–1.8–1.5Computer software5.52.02.80.40.31.21.6–0.11.0Mineral and petroleum exploration3.10.70.70.70.90.70.60.4–0.1Research and development

Intellectual property products2.00.10.10.21.60.40.30.1–3.0Cultivated biological resources

–6.0–2.4–1.8–1.5–0.5–2.1–1.0–2.2–2.8Machinery and equipment

2.40.50.10.41.40.10.3–0.2–0.2Total non-dwelling construction

2.1—0.50.21.40.20.1–0.40.1New engineering construction2.81.0–0.40.71.4—0.4—–0.8New building

Non-dwelling construction5.9–2.1–5.19.93.7–1.34.111.16.1Ownership transfer costs

2.70.70.60.60.80.60.60.70.8Total dwellings



2.60.71.2—0.60.60.90.40.6Total final consumption expenditure

2.60.61.5—0.50.40.80.30.7Households


2.51.7–0.60.31.11.60.61.3—State and local2.70.51.1–0.11.20.41.80.50.5Total national2.70.51.3–0.31.30.52.30.60.7National–non-defence2.60.50.60.51.10.20.4–0.1–0.5National–defence



Jun 10 to

Jun 11

2010–112009–10

EXPENDITURE ON GDP, Cha in pr ice indexes(a ) —Percentage changes(b)11


(a) Reference year for implicit price deflators is 2008–09.


85.485.485.288.588.787.487.891.594.4Imports of goods and services104.799.395.298.396.381.979.881.085.3Exports of goods and services




98.398.297.897.496.696.696.997.899.6Total public gross fixed capital formation


99.998.899.098.798.098.097.798.199.2State and local

90.593.591.490.891.391.993.696.6102.6Total national

100.699.699.598.496.897.096.797.598.2National–non-defence81.583.883.584.085.287.891.095.4107.1National–defence

General government


103.4101.9101.3100.398.797.997.797.997.9State and local94.495.395.095.895.495.096.498.498.2Commonwealth


99.299.8100.4100.199.499.799.399.299.3Total private gross fixed capital formation

99.599.398.698.898.498.298.198.799.1Total intellectual property products107.4106.5105.0104.6103.9103.3103.6103.2100.9Artistic originals

88.790.190.992.392.793.694.696.798.6Computer software107.4105.2102.3101.8101.3100.098.398.397.3Mineral and petroleum exploration104.3103.6102.9102.1101.2100.6100.199.9100.2Research and development

Intellectual property products99.699.499.499.597.397.097.097.3100.5Cultivated biological resources89.491.593.194.494.796.797.699.7102.4Machinery and equipment

100.2100.099.899.398.097.797.397.397.2Total non-dwelling construction

100.8100.9100.3100.198.798.498.198.398.0New engineering construction99.098.398.798.096.996.796.295.996.0New building

Non-dwelling construction121.8125.3130.7119.3115.2116.5111.6100.094.3Ownership transfer costs

105.7104.8104.4103.7102.9102.2101.5100.799.8Total dwellings




105.0104.6103.4102.8102.5102.1101.5100.8100.4Households


107.5106.0107.3108.5105.2103.9102.7101.8101.3State and local108.0107.2105.6104.7107.2106.8104.5101.999.8Total national110.1109.0107.1106.1109.7109.0106.1102.799.7National–non-defence102.2101.9101.0100.599.699.399.199.2100.0National–defence


IndexIndexIndexIndexIndexIndexIndexIndexIndex


2010–112009–102008–09

EXPENDITURE ON GDP, Imp l i c i t pr i ce def la to rs (a ) : Seasona l l y ad jus ted12


(b) Change on preceding quarter, except for the last column whichshows the change between the current quarter and thecorresponding quarter of the previous year.


4.91.61.50.41.33.21.21.3–0.2Gross domestic product

–3.8—0.2–3.7–0.21.6–0.5–4.1–3.1Imports of goods and services8.75.44.4–3.22.017.62.7–1.4–5.1Exports of goods and services



0.3–0.4–0.30.30.7–0.20.1–0.1–0.4Total gross fixed capital formation

1.70.10.40.50.8—–0.3–0.9–1.8Total public gross fixed capital formation

0.9–0.30.40.40.4–0.3–0.4–1.2–2.7Total general government

1.91.1–0.20.30.8—0.3–0.3–1.1State and local

–0.9–3.22.30.7–0.6–0.6–1.8–3.1–5.9Total national

3.91.0—1.21.6–0.20.3–0.9–0.7National–non-defence–4.3–2.80.4–0.6–1.4–2.9–3.5–4.6–10.9National–defence

General government

4.11.20.50.81.60.80.1–0.3–0.1Total public corporations

4.81.50.60.91.70.80.1–0.2—State and local–1.0–1.00.4–0.80.40.4–1.4–2.10.3Commonwealth


–0.1–0.6–0.50.30.7–0.30.40.2–0.2Total private gross fixed capital formation

1.00.20.7–0.10.30.20.2–0.6–0.5Total intellectual property products3.30.81.50.40.60.6–0.30.42.2Artistic originals

–4.3–1.6–0.9–1.5–0.4–1.0–1.0–2.1–2.0Computer software6.02.02.90.50.51.31.7—1.1Mineral and petroleum exploration3.10.70.70.70.90.70.50.2–0.3Research and development

Intellectual property products2.40.2—–0.12.20.3—–0.3–3.2Cultivated biological resources

–5.6–2.2–1.8–1.3–0.4–2.0–0.9–2.1–2.7Machinery and equipment

2.30.20.20.51.30.30.4—0.2Total non-dwelling construction

2.1–0.10.60.21.40.30.3–0.20.4New engineering construction2.10.7–0.50.81.10.20.60.3–0.2New building

Non-dwelling construction5.7–2.8–4.19.53.6–1.14.311.76.0Ownership transfer costs

2.70.80.40.70.80.60.60.81.0Total dwellings




2.50.41.20.60.30.40.50.70.4Households

1.61.2–0.1–0.41.00.91.51.61.1Total general government

2.21.5–1.2–1.23.21.21.11.00.4State and local0.80.81.50.8–2.30.42.12.62.1Total national0.41.01.80.9–3.30.62.73.33.0National–non-defence2.60.40.80.50.90.40.2–0.1–0.8National–defence



Jun 10 to

Jun 11

2010–112009–10

EXPENDITURE ON GDP, Imp l i c i t pr i ce def la to rs (a ) —Percentage changes(b)13


(c) Includes water transport.(d) Excludes ownership of dwellings.

(a) At basic prices.(b) Reference year for chain volume measures is 2008–09.


–606–733–889–1 058–764–767621 5951 595Statistical discrepancy (P)21 02021 01621 05121 05920 93720 75520 69420 77120 837Taxes less subsidies on products

307 707307 039306 553305 994304 311301 417298 161294 949292 799Gross value added at basic prices

24 58124 40824 23324 05923 88423 71023 53523 36123 190Ownership of dwellings..4 9344 9695 0195 0905 1915 2285 2285 2115 211Other servicesS2 5732 5442 5042 4532 4192 4322 4632 4832 480Arts and recreation servicesR

18 83118 66818 51718 38518 30318 24618 15918 03017 879Health care and social assistanceQ13 48413 41813 34413 26013 16813 07612 98912 90712 827Education and trainingP15 74115 69015 64715 63315 57515 40315 26915 31515 457Public administration and safetyO

7 8917 9147 8737 7367 5167 3537 2967 2327 096Administrative and support servicesN21 27021 06420 80120 45819 98719 54819 29219 08218 950Professional, scientific and technical servicesM

8 4198 2608 1938 2638 3858 4598 4838 4318 339Rental, hiring and real estate services(d)L33 69733 74933 75433 72433 54433 19032 76032 33732 064Financial and insurance servicesK10 0069 9039 8599 8709 8899 8199 6759 5699 557Information media and telecommunicationsJ

16 21315 91515 64115 52215 49315 40915 25515 03114 944Total

7 6417 3166 9776 7636 7426 7736 7286 6036 598Transport, postal and storage services2 3292 3182 3292 3392 2992 2402 2192 2112 203Rail, pipeline and other transport(c)1 3021 3001 2961 2831 2561 2261 2061 2041 213Air and space transport4 9424 9815 0385 1375 1965 1705 1025 0134 926Road transport

Transport, postal and warehousingI6 7636 6766 6026 5386 4986 4836 5026 5506 604Accommodation and food servicesH

13 95813 90213 85613 81613 78413 73213 67413 62713 567Retail tradeG14 50014 30914 15314 08614 22014 39914 39214 18713 908Wholesale tradeF24 13123 89423 68223 46023 07722 60622 10321 80621 975ConstructionE

6 6466 6016 5566 5216 5466 5436 4746 4396 419Total

2 5522 5122 4632 4232 4332 4442 4052 3682 345Water supply and waste services458463471481487482474468464Gas

3 6313 6273 6223 6173 6263 6203 5973 5833 570ElectricityElectricity, gas, water and waste servicesD

28 08527 95427 88227 95328 17228 12327 68026 89226 322Total

5 2555 4245 5915 6555 6725 6845 5655 3035 076Machinery and equipment6 6396 3676 1466 0746 0695 8825 6555 5105 532Metal products1 3441 3621 3891 4101 4181 4201 4071 3881 389Non-metallic mineral products5 0065 0104 9644 9244 9404 9684 9524 8084 619

Petroleum, coal, chemical and rubberproducts

1 1251 1221 1131 1011 1071 1191 1301 1151 095Printing and recorded media1 7961 8021 8101 8381 8941 9131 8791 7871 706Wood and paper products1 0631 0581 0741 1001 1291 1441 1631 2241 317Textile, clothing and other manufacturing5 8405 8105 7965 8515 9435 9745 9535 8525 692Food, beverage and tobacco products

ManufacturingC

28 05628 85629 83030 73230 98430 63329 98329 27828 804Total

1 8401 8121 7871 7461 6961 6311 6081 6291 665Exploration and mining support services26 21127 04528 04428 98529 28829 00228 37627 64727 136Mining

MiningB

7 9648 3448 6118 4357 6757 0396 9247 1197 159Total

1 2631 2781 2821 2601 2201 2041 2041 1891 150Forestry and fishing6 9397 1207 3437 1756 4555 8355 7205 9296 009Agriculture

Agriculture, forestry and fishingA

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Trend14


(c) Change on preceding quarter, except for the last columnwhich shows the change between the current quarter and thecorresponding quarter of the previous year.

(d) Includes water transport.(e) Excludes ownership of dwellings.

— nil or rounded to zero (including null cells)(a) At basic prices.(b) Reference year for chain volume measures is 2008–09.


0.4—–0.2—0.60.90.3–0.4–0.3Taxes less subsidies on products

1.10.20.20.20.61.01.11.10.7Gross value added at basic prices

2.90.70.70.70.70.70.70.70.7Ownership of dwellings..–4.9–0.7–1.0–1.4–1.9–0.7—0.3—Other servicesS6.41.11.62.11.4–0.5–1.3–0.80.1Arts and recreation servicesR2.90.90.80.70.40.30.50.70.8Health care and social assistanceQ2.40.50.60.60.70.70.70.60.6Education and trainingP1.10.30.30.10.41.10.9–0.3–0.9Public administration and safetyO5.0–0.30.51.82.92.20.80.91.9Administrative and support servicesN6.41.01.31.72.42.21.31.10.7

Professional, scientific and technicalservices

M0.41.90.8–0.8–1.5–0.9–0.30.61.1

Rental, hiring and real estateservices(e)

L0.5–0.2—0.10.51.11.31.30.9Financial and insurance servicesK1.21.00.4–0.1–0.20.71.51.10.1

Information media andtelecommunications

J

4.61.91.80.80.20.51.01.50.6Total

13.34.44.93.20.3–0.50.71.90.1Transport, postal and storage

services

1.30.5–0.5–0.41.72.60.90.40.4Rail, pipeline and other transport(d)

3.60.10.31.02.12.51.60.2–0.7Air and space transport–4.9–0.8–1.1–1.9–1.10.51.31.81.8Road transport

Transport, postal and warehousingI4.11.31.11.00.60.2–0.3–0.7–0.8Accommodation and food servicesH1.30.40.30.30.20.40.40.30.4Retail tradeG2.01.31.10.5–0.9–1.2—1.42.0Wholesale tradeF4.61.00.90.91.72.12.31.4–0.8ConstructionE

1.50.70.70.5–0.4—1.10.60.3Total

4.91.62.01.7–0.4–0.41.61.61.0Water supply and waste services–5.9–1.0–1.7–2.1–1.11.11.71.20.8Gas0.20.10.10.1–0.20.10.70.40.4Electricity

Electricity, gas, water and wasteservices

D

–0.30.50.3–0.3–0.80.21.62.92.2Total

–7.4–3.1–3.0–1.1–0.3–0.22.14.94.5Machinery and equipment9.44.33.61.20.13.24.02.6–0.4Metal products

–5.2–1.3–1.9–1.5–0.6–0.20.91.4–0.1Non-metallic mineral products1.3–0.10.90.8–0.3–0.60.33.04.1

Petroleum, coal, chemical andrubber products

1.70.20.91.1–0.6–1.1–1.01.41.8Printing and recorded media–5.1–0.3–0.4–1.5–2.9–1.01.85.14.7Wood and paper products–5.80.5–1.5–2.4–2.6–1.3–1.6–5.0–7.1

Textile, clothing and othermanufacturing

–1.70.50.2–1.0–1.5–0.50.31.72.8Food, beverage and tobacco

products

ManufacturingC

–9.5–2.8–3.3–2.9–0.81.12.22.41.6Total

8.51.61.42.33.04.01.4–1.2–2.2Exploration and mining support

services

–10.5–3.1–3.6–3.2–1.01.02.22.61.9MiningMiningB

3.8–4.6–3.12.19.99.01.7–2.7–0.6Total

3.5–1.2–0.21.73.21.4—1.23.4Forestry and fishing7.5–2.5–3.02.311.210.62.0–3.5–1.3Agriculture



Jun 10 to

Jun 11

2010–112009–10

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) —Percentage Changes(c ) :

Trend15



(a) At basic prices.(b) Reference year for chain volume measures is 2008–09.


–691–1 027–114–1 799–624–1721 1738582 005Statistical discrepancy (P)21 12820 87921 07621 12021 01620 62820 67520 80620 863Taxes less subsidies on products

308 744305 511307 260306 223304 321301 547297 891295 451292 225Gross value added at basic prices

24 58624 40824 23224 05923 88523 70923 53623 36323 189Ownership of dwellings..4 9944 9155 0045 1515 1125 2765 3005 0585 321Other servicesS2 5482 5742 5062 4352 4352 4002 4772 5082 455Arts and recreation servicesR

18 84218 67818 50618 35018 35518 18018 22018 03317 836Health care and social assistanceQ13 48413 41713 35013 26013 16713 07612 98912 90512 829Education and trainingP15 74515 70815 62115 60415 62115 50315 14615 16715 667Public administration and safetyO

7 8307 8708 0447 6627 4997 3707 2397 2917 181Administrative and support servicesN21 20120 90021 24120 05020 20019 59419 04119 21819 079Professional, scientific and technical servicesM

8 5528 2318 0418 3128 4678 4328 3698 6278 297Rental, hiring and real estate services(d)L33 56033 80333 89133 50933 64133 38332 53232 32332 266Financial and insurance servicesK10 0769 8839 7839 8799 9919 7289 7589 5109 522Information media and telecommunicationsJ

16 42615 73615 66915 52015 38115 67915 00715 22114 816Total

7 7257 3016 9686 7076 6576 9666 6376 6566 487Transport, postal and storage services2 4072 2202 3542 3772 3112 1962 2012 2882 156Rail, pipeline and other transport(c)1 3041 2951 2971 2921 2561 2181 2101 1981 217Air and space transport4 9904 9205 0505 1455 1575 2984 9595 0794 958Road transport

Transport, postal and warehousingI6 8346 5916 6366 5556 4836 4536 5436 5476 545Accommodation and food servicesH

13 95313 93013 82313 81013 82813 68913 71313 56513 635Retail tradeG14 52614 36214 06314 07214 21414 34314 60014 12413 814Wholesale tradeF24 12923 89623 69423 34823 34122 47422 03422 02221 570ConstructionE

6 6276 6386 5426 4926 5526 5366 6036 2336 474Total

2 5502 5232 4682 3982 4242 4482 4852 2672 332Water supply and waste services470451471490482485474463466Gas

3 6073 6643 6023 6043 6463 6033 6443 5033 628ElectricityElectricity, gas, water and waste servicesD

28 37227 59128 05927 92827 94428 38427 91626 62526 401Total

5 1275 5075 6175 5955 7975 4175 8975 2274 954Machinery and equipment6 9576 1016 1496 1475 9746 0665 6015 3505 692Metal products1 3261 3821 3731 4081 4491 3811 4311 4021 359Non-metallic mineral products4 9744 9965 0714 8444 8325 1534 8834 7834 754


1 1061 1581 0871 1121 0951 1201 1521 0861 156Printing and recorded media1 8161 7721 8281 8411 8331 9881 8911 7321 761Wood and paper products1 1179901 0951 1121 1321 1151 2111 1841 278Textile, clothing and other manufacturing5 9495 6855 8395 8695 8336 1445 8505 8615 765Food, beverage and tobacco products

ManufacturingC

28 31428 32130 02130 92530 99630 65729 79129 65128 322Total


MiningB

8 1448 0598 5369 3027 2116 6817 0787 4616 766Total



$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Seasona l l y ad jus ted16


(c) Change on preceding quarter, except for the last column whichshows the change between the current quarter and thecorresponding quarter of the previous year.

(d) Includes water transport.(e) Excludes ownership of dwellings.



0.51.2–0.9–0.20.51.9–0.2–0.6–0.3Taxes less subsidies on products

1.51.1–0.60.30.60.91.20.81.1Gross value added at basic prices

2.90.70.70.70.70.70.70.70.7Ownership of dwellings..–2.31.6–1.8–2.90.8–3.1–0.54.8–4.9Other servicesS4.7–1.02.72.9—1.4–3.1–1.22.2Arts and recreation servicesR2.70.90.90.8—1.0–0.21.01.1Health care and social assistanceQ2.40.50.50.70.70.70.70.60.6Education and trainingP0.80.20.60.1–0.10.82.4–0.1–3.2Public administration and safetyO4.4–0.5–2.25.02.21.71.8–0.71.5Administrative and support servicesN5.01.4–1.65.9–0.73.12.9–0.90.7Professional, scientific and technical servicesM1.03.92.4–3.3–1.80.40.8–3.04.0Rental, hiring and real estate services(e)L

–0.2–0.7–0.31.1–0.40.82.60.60.2Financial and insurance servicesK0.92.01.0–1.0–1.12.7–0.32.6–0.1Information media and telecommunicationsJ

6.84.40.41.00.9–1.94.5–1.42.7Total

16.05.84.83.90.7–4.45.0–0.32.6Transport, postal and storage services4.28.4–5.7–1.02.95.2–0.2–3.86.1Rail, pipeline and other transport(d)3.80.7–0.10.42.83.10.71.0–1.6Air and space transport

–3.21.4–2.6–1.8–0.2–2.76.8–2.42.4Road transportTransport, postal and warehousingI

5.43.7–0.71.21.10.5–1.4–0.1—Accommodation and food servicesH0.90.20.80.1–0.11.0–0.21.1–0.5Retail tradeG2.21.12.1–0.1–1.0–0.9–1.83.42.2Wholesale tradeF3.41.00.91.5—3.92.00.12.1ConstructionE

1.2–0.21.50.8–0.90.2–1.05.9–3.7Total

5.21.12.22.9–1.1–1.0–1.59.6–2.8Water supply and waste services–2.54.2–4.2–4.01.8–0.72.22.4–0.5Gas–1.1–1.51.7—–1.21.2–1.14.0–3.5Electricity

Electricity, gas, water and waste servicesD

1.52.8–1.70.5–0.1–1.61.74.90.8Total

–11.6–6.9–2.00.4–3.57.0–8.112.85.5Machinery and equipment16.514.0–0.8—2.9–1.58.34.7–6.0Metal products–8.4–4.00.6–2.5–2.84.9–3.52.13.2Non-metallic mineral products2.9–0.4–1.54.70.3–6.25.52.10.6


1.0–4.56.6–2.31.6–2.2–2.86.1–6.1Printing and recorded media–0.92.5–3.1–0.70.4–7.85.19.2–1.7Wood and paper products–1.312.8–9.6–1.6–1.71.5–8.02.2–7.3Textile, clothing and other manufacturing2.04.6–2.6–0.50.6–5.15.0–0.21.7Food, beverage and tobacco products

ManufacturingC

–8.7—–5.7–2.9–0.21.12.90.54.7Total

14.813.4–8.55.05.44.8–5.08.9–8.9Exploration and mining support services–10.0–0.9–5.5–3.4–0.60.93.4—5.5Mining

MiningB

12.91.1–5.6–8.229.07.9–5.6–5.110.3Total

6.6–0.8–1.2–0.89.6–1.1–1.2–1.19.9Forestry and fishing14.21.4–6.4–9.432.89.9–6.5–5.910.3Agriculture



Jun 10 to

Jun 11

2010–112009–10

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) —Percentage Changes(c ) :

Seasona l l y ad jus ted17


(b) Change on preceding quarter, except for the last column which shows thechange between the current quarter and the corresponding quarter of theprevious year.

. . not applicable— nil or rounded to zero (including null cells)(a) Includes contributions to superannuation made by employers and payments

of workers' compensation premiums.


6.71.91.71.41.51.91.91.21.1Taxes less subsidies on production and imports

6.41.51.21.32.22.92.61.40.1Total factor income

5.80.51.01.62.62.41.71.20.9Gross mixed income

2.51.00.50.40.78.01.61.61.6Total gross operating surplus

8.71.92.12.22.22.12.02.12.3Dwellings owned by persons5.81.61.31.41.51.40.90.3—General government

0.60.7–0.1–0.20.310.31.61.61.6Total corporations

9.51.31.92.83.22.82.10.4–1.3Financial corporations

–1.30.5–0.5–0.9–0.412.11.41.92.3Total non-financial corporations

–22.7–8.3–7.6–4.9–4.0–3.8–1.03.35.3Public non-financial corporations–0.20.9–0.2–0.7–0.213.01.61.82.1Private non-financial corporations

Non-financial corporationsGross operating surplus

8.02.12.01.81.92.12.01.20.1Total compensation of employees

8.02.12.01.81.92.12.01.30.2Employers' social contributions(a)8.02.12.01.81.92.12.01.20.1Wages and salaries

Compensation of employees

PE R C E N T A G E CH A N G E S (b) (% )

. .355 218349 864345 354340 780333 959324 762316 088310 856Gross domestic product

. .714783656645847833206–659Statistical discrepancy (I)

. .33 94033 30032 74832 28231 79531 20830 63430 263Taxes less subsidies on production and imports

. .320 539315 782311 953307 853301 317292 721285 248281 252Total factor income

. .27 84927 71427 42927 00726 32725 71925 29024 988Gross mixed income

. .121 374120 209119 665119 219118 360109 575107 822106 080Total gross operating surplus

. .25 60425 12824 62124 08523 55723 07122 61122 151Dwellings owned by persons

. .7 2427 1317 0386 9426 8426 7506 6906 672General government

. .88 52887 95088 00588 19287 96179 75478 52177 258Total corporations

. .17 36417 14816 82816 37315 85815 42815 11415 052Financial corporations

. .71 16470 80271 17771 81972 10364 32663 40762 206Total non-financial corporations

. .2 6942 9383 1813 3453 4833 6213 6593 540Public non-financial corporations

. .68 47067 86367 99568 47468 62060 70459 74858 665Private non-financial corporationsNon-financial corporations

Gross operating surplus

. .171 326167 854164 600161 626158 612155 423152 407150 588Total compensation of employees

. .19 03918 65018 29117 96317 62817 27116 93216 722Employers' social contributions(a)

. .152 287149 204146 310143 663140 985138 152135 475133 866Wages and salariesCompensation of employees

VA L U E S ( $ m )


Jun 10 to

Jun 11

2010–112009–10

INCOME FROM GDP, Cur ren t pr ices : Trend18



. . not applicable(a) Includes contributions to superannuation made by employers and payments

of workers' compensation premiums.


7.73.32.0–0.32.52.50.91.61.6Taxes less subsidies on production and imports

6.22.90.41.31.54.81.31.90.3Total factor income

5.1–0.51.02.32.21.84.4–2.63.5Gross mixed income

4.65.4–3.21.11.38.4–0.24.3–0.8Total gross operating surplus

8.71.72.22.12.52.01.82.32.2Dwellings owned by persons5.91.61.31.31.61.30.90.6–0.6General government

3.46.9–5.00.80.910.9–0.85.2–1.7Total corporations

7.6–1.43.03.62.33.31.61.7–2.4Financial corporations

2.49.0–6.80.20.612.7–1.46.0–1.5Total non-financial corporations

–28.0–15.3–9.42.0–8.0–1.0–7.211.01.8Public non-financial corporations4.010.1–6.70.11.113.5–1.05.7–1.7Private non-financial corporations

Non-financial corporationsGross operating surplus

7.51.72.91.21.52.81.81.00.6Total compensation of employees

7.41.82.81.31.33.01.71.00.7Employers' social contributions(a)7.51.72.91.21.52.81.91.00.6Wages and salaries



. .357 213347 666345 514341 286336 020322 872316 755310 273Gross domestic product

. .3711 0947743553561 953–160–866Statistical discrepancy (I)

. .34 25433 15632 49432 59631 79431 02830 76030 262Taxes less subsidies on production and imports

. .322 588313 416312 246308 336303 870289 890286 154280 876Total factor income

. .27 68827 82027 54126 91926 35225 88924 80125 469Gross mixed income

. .123 550117 182121 005119 654118 136108 969109 136104 643Total gross operating surplus

. .25 58125 15924 61924 10523 52523 05922 64222 132Dwellings owned by persons

. .7 2427 1297 0386 9506 8396 7506 6876 649General government

. .90 72784 89489 34888 60087 77279 16079 80775 863Total corporations

. .17 12017 36616 86616 27915 91315 40915 16214 905Financial corporations

. .73 60767 52872 48272 32071 85963 75164 64660 958Total non-financial corporations

. .2 5312 9873 2983 2323 5143 5513 8273 447Public non-financial corporations

. .71 07664 54169 18569 08868 34460 20060 81857 512Private non-financial corporationsNon-financial corporations


. .171 349168 414163 700161 762159 383155 032152 217150 764Total compensation of employees

. .19 04418 70518 20117 96217 73417 21016 91616 747Employers' social contributions(a)

. .152 306149 710145 498143 801141 649137 822135 301134 017Wages and salariesCompensation of employees

VA L U E S ( $ m )


Jun 10 to

Jun 11

2010–112009–10

INCOME FROM GDP, Cur ren t pr ices : Seasona l l y ad jus ted19



. . not applicable— nil or rounded to zero (including null cells)(a) Reference year for chain volume measures is 2008–09.

3.20.70.70.80.90.90.70.50.5Total

2.70.80.60.50.81.11.10.70.6Other goods and services0.8–0.5–0.10.51.01.00.90.80.5Insurance and other financial services4.20.91.21.30.80.80.81.11.5Hotels, cafes and restaurants5.31.11.51.60.90.30.20.61.1Education services6.71.71.51.51.82.11.20.50.3Recreation and culture2.00.70.70.50.1–0.2——–0.3Communications

14.83.43.73.73.42.81.91.00.1Transport services3.80.81.11.30.6–0.8–1.4–1.1–0.2Operation of vehicles

–7.4–2.2–3.2–2.60.43.45.44.11.6Purchase of vehicles3.10.90.80.80.60.60.60.80.8Health3.31.31.10.70.30.60.30.20.4Furnishings and household equipment3.90.40.41.02.02.10.7–0.9–1.1Electricity, gas and other fuel2.90.70.70.70.70.70.70.70.7Rent and other dwelling services0.80.40.1–0.10.51.60.9—0.4Clothing and footwear5.51.51.71.50.7–0.2–0.8–0.40.6Alcoholic beverages

–0.30.30.1–0.3–0.4–0.1—–0.1–0.5Cigarettes and tobacco1.70.20.30.50.60.40.10.10.5Food


. .179 161177 832176 571175 205173 665172 079170 849169 958Total

. .11 01710 93210 86410 80510 72310 60310 48210 410Other goods and services

. .18 41518 51418 53418 44718 26118 08517 92117 773Insurance and other financial services

. .11 88511 77511 64111 49011 40111 30611 21711 095Hotels, cafes and restaurants

. .6 3646 2966 2016 1036 0466 0266 0125 976Education services

. .20 87820 52720 21619 92119 55919 16618 93018 839Recreation and culture

. .4 6124 5794 5474 5264 5234 5304 5314 531Communications

. .4 9534 7934 6234 4604 3154 2004 1234 081Transport services

. .8 2028 1398 0527 9497 9007 9618 0738 163Operation of vehicles

. .4 9715 0855 2525 3905 3685 1924 9274 731Purchase of vehicles

. .9 5349 4529 3779 3069 2479 1969 1439 072Health

. .9 0368 9228 8278 7708 7468 6978 6688 654Furnishings and household equipment

. .3 7623 7483 7313 6943 6203 5463 5203 553Electricity, gas and other fuel

. .33 46533 23533 00232 76732 53432 30232 07231 843Rent and other dwelling services

. .6 1796 1546 1506 1596 1316 0375 9815 980Clothing and footwear

. .3 5903 5353 4763 4253 4023 4083 4363 450Alcoholic beverages

. .2 7172 7082 7052 7142 7262 7302 7292 732Cigarettes and tobacco

. .19 48319 44319 38319 27819 16319 09619 08319 073Food

LE V E L S ( $ m )


Jun 10 to

Jun 11

2010–112009–10

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE, Cha in volume measures (a) : Trend20


(b) Change on preceding quarter, except for the last column which showsthe change between the current quarter and the corresponding quarter ofthe previous year.


3.21.00.60.60.91.40.20.90.2Total

3.11.40.9–0.51.21.60.61.20.4Other goods and services0.9–1.1–0.30.71.70.21.20.81.0

Insurance and other financialservices

6.63.0–1.12.02.7–1.30.14.7–2.0Hotels, cafes and restaurants5.30.62.41.40.80.6–0.51.30.6Education services7.23.11.20.72.03.10.70.10.1Recreation and culture1.60.21.60.1–0.40.4–0.3–0.20.6Communications

16.45.92.13.83.73.11.20.62.0Transport services3.4–0.11.41.80.2—–2.4–1.20.6Operation of vehicles

–12.3–5.51.3–4.8–3.712.10.24.93.4Purchase of vehicles2.61.00.81.0–0.32.1–0.91.50.7Health3.71.91.40.10.30.60.60.7–1.8

Furnishings and householdequipment

2.80.9–0.41.80.64.7–0.5–0.9–1.6Electricity, gas and other fuel2.90.70.70.70.70.70.70.70.7Rent and other dwelling services1.32.4–1.1–0.10.12.01.60.4–2.7Clothing and footwear6.73.3–0.32.90.6–0.8–0.5–0.70.8Alcoholic beverages

–1.20.6–0.41.0–2.40.90.7–1.0–0.3Cigarettes and tobacco1.7–0.10.8–0.11.00.8–0.80.60.2Food


. .179 385177 626176 523175 411173 876171 548171 186169 709Total

. .11 06710 91410 81210 86410 73210 56610 50510 385Other goods and services

. .18 33218 54118 60618 47118 17018 13717 92017 786Insurance and other financial

services

. .11 97411 62611 75611 53111 23311 37911 36510 859Hotels, cafes and restaurants

. .6 3666 3306 1846 0966 0476 0106 0395 964Education services

. .21 04020 40320 17020 02119 63019 04018 90518 879Recreation and culture

. .4 6094 6004 5264 5204 5384 5204 5334 544Communications

. .5 0184 7384 6424 4724 3104 1814 1334 109Transport services

. .8 1718 1768 0647 9247 9077 9108 1048 204Operation of vehicles

. .4 9065 1935 1275 3885 5964 9934 9844 751Purchase of vehicles

. .9 5479 4509 3759 2799 3109 1169 2009 064Health

. .9 0778 9118 7928 7808 7578 7088 6578 593Furnishings and household

equipment

. .3 7673 7333 7493 6843 6633 4993 5183 549Electricity, gas and other fuel

. .33 47133 23333 00132 76932 53332 30032 07331 846Rent and other dwelling services

. .6 2356 0926 1596 1666 1586 0395 9455 923Clothing and footwear

. .3 6173 5003 5103 4103 3893 4153 4333 458Alcoholic beverages

. .2 7202 7042 7142 6872 7532 7302 7122 741Cigarettes and tobacco

. .19 47019 48319 33519 34919 14919 00419 15919 051Food

LE V E L S ( $ m )


Jun 10 to

Jun 11

2010–112009–10

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE, Cha in volume measures (a) : Seasona l l y

adjus ted21



4 2271 5552 604–538–551 980916277–1 359Total changes in

inventories

20–1302313424269–262234856Public authorities5896921 078596445439311165413Farm

3 6189931 295–1 168–5241 272867–122–2 281Total private non-farm

1 188229–440–657–707–120239712571Other non-farm industries225–319187–25982831926–223–442Retail trade

1 9711 1801 042–440–1 5351 931–5631 570–2 151Wholesale trade234–98506188889–8581 164–2 180–214Manufacturing

Changes in inventories

SE A S O N A L L Y AD J U S T E D

3 5112 5721 3114325009811 069127–1 270Total changes in

inventories

–17215611191–7132283163Public authorities687784816707519360317326168Farm

2 8601 768443–386–110607648–380–1 502Total private non-farm

936293–320–685–587–191292593495Other non-farm industries41–70–4417640436992–290–346Retail trade

1 8281 398470–226–32931260526–683Wholesale trade117145327349402115–339–692–945Manufacturing


TR E N D

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

CHANGES IN INVENTORIES, Cha in volume measures (a )22


(a) Includes output produced by the household sector for its own consumption.

7 6477 6077 5037 3316 1905 9655 9896 0445 795Gross agricultural value added at producer prices187184187192178182187189188plus Taxes less subsidies on products

7 4607 4247 3167 1406 0125 7835 8025 8555 607Gross agricultural value added at basic prices

2 7522 8672 7762 6771 6121 4641 5221 5951 301Agricultural income

297290303281283289290288305less Other taxes less subsidies on production4 4114 2674 2374 1824 1184 0293 9903 9714 000

less Compensation of employees, consumption of fixed capital,net property income payable


7 1516 8276 8356 7646 2436 3186 3436 4306 793less Intermediate input costs14 61114 25114 15113 90412 25512 10212 14612 28412 400Gross value of agricultural production(a)


7 8547 7017 4547 0436 4506 0435 9275 9335 870Gross agricultural value added at producer prices185186187186183183185189189plus Taxes less subsidies on products


3 0042 9222 7382 3971 8721 5361 4561 4741 410Agricultural income

281290296287285285290295302less Other taxes less subsidies on production4 3844 3024 2324 1734 1104 0393 9963 9753 970

less Compensation of employees, consumption of fixed capital,net property income payable


6 7626 9006 8666 6116 4146 2786 3226 5256 754less Intermediate input costs14 43114 41514 13313 46912 68012 13812 06412 27012 435Gross value of agricultural production(a)

TR E N D

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

AGRICULTURAL INCOME, Cur rent pr i ces23


(a) Reference year for chain volume measures is 2008–09.— nil or rounded to zero (including null cells)

5.30.22.00.76.61.67.84.02.8International trade—imports of goods4.2—4.6–1.14.40.82.1–0.40.9International trade—exports of goods

0.20.30.11.51.1–0.22.51.20.1State final demand

3.9–2.5–2.00.9–8.629.41.09.54.2Public–3.4–0.3–1.44.52.7–7.68.61.6–1.3Private

Gross fixed capital formation

0.70.50.70.91.5–0.61.30.60.5Households1.11.30.50.22.10.61.00.6–0.9General government


SE A S O N A L L Y AD J U S T E D (P E R C E N T A G E CH A N G E S ) (% )

25 12023 85523 81223 33523 16821 73921 39119 85219 080International trade—imports of goods12 69712 18112 18111 64711 78211 29111 19910 96611 014International trade—exports of goods

100 662100 444100 145100 06498 63097 55497 73395 31094 136State final demand

6 1645 9336 0876 2136 1586 7345 2055 1534 705Public17 63218 25218 31418 57717 77017 30418 73717 25316 982Private


60 16259 74259 43759 04458 50257 65358 01457 28456 944Households16 70416 51716 30716 23016 20015 86315 77615 62015 524General government


SE A S O N A L L Y AD J U S T E D ( $ m )

2.41.91.62.13.74.85.84.30.2International trade—imports of goods2.12.22.01.82.11.81.5–0.10.4International trade—exports of goods

0.20.30.60.80.91.11.31.30.7State final demand

0.1–0.2–2.8–1.93.48.911.58.70.9Public–1.8–1.20.81.40.40.41.52.20.5Private


0.60.60.80.90.70.60.50.70.9Households0.90.90.80.81.11.20.80.2—General government


TR E N D (P E R C E N T A G E CH A N G E S ) (% )



6 0576 0506 0606 2366 3556 1495 6475 0644 660Public17 80418 13918 36518 21517 96117 89317 82017 56417 183Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : New South Wales24


(a) Reference period for chain volume measures is 2008–09.— nil or rounded to zero (including null cells)

2.01.12.30.71.94.48.86.9–0.7International trade—imports of goods6.03.12.1–2.70.21.55.5–1.7–3.7International trade—exports of goods

0.61.4–0.10.41.80.72.40.21.5State final demand

–3.63.72.0–3.815.62.316.312.15.0Public–1.54.2–2.0–1.0–1.00.46.6–1.71.6Private


1.80.40.21.31.90.70.10.11.5Households0.70.20.70.61.01.01.20.50.4General government





4 1594 3164 1614 0804 2423 6713 5893 0852 752Public17 11617 37616 68417 03117 20417 37717 30216 23616 515Private





1.61.61.41.32.55.17.75.6–2.4International trade—imports of goods3.63.31.4–0.9—2.12.3–0.4–2.3International trade—exports of goods


0.30.11.02.95.710.013.110.21.3Public0.70.6–0.1–1.3–0.51.62.61.5–0.4Private







4 2264 2154 2084 1664 0473 8293 4823 0792 794Public17 20517 08516 98417 00017 22617 30817 03616 60216 361Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in volume measures (a ) : Vic to r i a25



1.90.85.6–4.62.94.75.22.59.2International trade—imports of goods6.9–14.2–4.7–4.90.69.91.8–1.24.2International trade—exports of goods

3.50.80.70.61.2–0.50.70.2–0.2State final demand

–4.1–10.65.7–0.5–9.78.81.414.37.5Public14.44.9–1.8–0.98.1–6.80.1–3.7–3.5Private


0.70.81.00.80.30.50.8–0.30.3Households0.71.10.53.00.90.30.71.1–0.1General government





4 6554 8545 4315 1375 1655 7225 2605 1864 537Public17 22815 06414 36614 62414 75813 65014 63814 62015 178Private





2.12.01.20.41.63.36.64.4–2.9International trade—imports of goods–3.3–6.1–7.3–3.82.24.33.91.81.0International trade—exports of goods

1.81.41.00.60.50.30.30.1–0.7State final demand

–4.3–3.4–2.4–1.6–1.60.97.210.13.3Public6.64.82.40.30.7–0.5–2.3–3.5–4.4Private







4 7534 9695 1425 2715 3595 4445 3945 0314 572Public16 48615 45814 74314 40214 35314 24814 31814 66015 190Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Queens land26



6.711.70.7–7.94.1–3.613.711.8–4.3International trade—imports of goods–7.315.78.47.910.0–4.26.4–5.7–5.9International trade—exports of goods

2.0–0.40.60.51.70.50.51.60.1State final demand

8.3–2.3–7.42.8–1.65.617.118.59.3Public8.8–2.23.80.73.2–1.9–5.16.4–4.7Private


–0.4—0.30.31.51.00.8–0.81.1Households0.61.11.0—1.9–0.30.4—–0.1General government





1 4421 3311 3631 4721 4321 4551 3781 176992Public4 4444 0844 1784 0264 0003 8743 9484 1613 910Private





6.65.82.3–2.7–2.23.68.87.3–1.1International trade—imports of goods2.86.410.19.85.32.9–1.2–2.3–2.0International trade—exports of goods


0.7–0.9–2.6–2.61.57.413.716.68.8Public2.72.41.91.90.6–0.9–1.40.40.8Private


–0.1–0.10.20.71.11.00.60.20.1Households0.70.80.80.80.70.50.1–0.10.2General government





1 3861 3761 3891 4261 4641 4431 3441 1821 014Public4 3274 2144 1164 0383 9643 9393 9764 0324 017Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : South Aus t ra l i a27



4.0–0.13.0–10.73.2–10.212.44.0–12.3International trade—imports of goods–0.7–6.16.2–1.3–2.02.85.84.7–8.7International trade—exports of goods

1.04.50.90.12.21.62.4–0.72.0State final demand

–11.010.1–0.5–2.7–7.820.419.63.85.8Public1.68.41.1–0.44.9–0.12.2–3.73.5Private


1.81.61.00.61.61.21.21.00.7Households2.10.70.71.51.3–0.10.80.30.7General government





2 3122 5982 3602 3722 4382 6442 1971 8361 769Public16 85616 59615 30315 13315 19714 48814 49714 18214 726Private





2.50.9–0.9–4.5–4.4—3.20.4–4.8International trade—imports of goods–1.6–0.9–0.10.20.42.53.32.10.6International trade—exports of goods


–0.50.9–0.5–2.21.210.115.312.32.4Public3.83.93.11.81.71.50.5–0.5–0.7Private







2 4272 4402 4202 4312 4862 4572 2321 9351 723Public16 88616 26315 65915 18614 91214 65714 43514 36014 428Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Weste rn Aus t ra l i a28



–5.511.47.0–8.3–14.6–16.427.5–9.114.2International trade—imports of goods–6.3–4.81.3–2.06.3—1.8–12.7–0.6International trade—exports of goods

–0.5—1.31.20.8–0.31.0–1.21.2State final demand

–15.2–1.3–2.110.8–4.518.719.0–1.014.2Public5.0–0.75.3–0.85.0–6.6–2.5–5.1–2.3Private


–0.10.30.60.50.3–0.80.7–0.41.5Households–0.30.11.41.30.9–0.2—–0.10.5General government



193205184172187219262206226International trade—imports of goods754805846835852801801787901International trade—exports of goods


421497504515465486410344348Public1 0811 0301 0379859939461 0131 0381 094Private





2.55.13.8–8.4–12.0–6.42.89.9–1.9International trade—imports of goods–2.9–3.6–1.71.33.31.4–3.3–5.0–2.0International trade—exports of goods

–0.10.30.81.00.80.20.2—–0.5State final demand

–6.0–4.2–0.93.27.011.013.410.41.5Public2.22.32.62.00.3–2.7–3.6–4.7–5.9Private


0.20.30.50.40.1–0.1—0.40.6Households—0.41.01.20.80.1–0.20.10.6General government



199194185178194221236229209International trade—imports of goods779802831846835809798825869International trade—exports of goods


451480501506490458413364330Public1 0681 0451 0229969769731 0001 0361 087Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Tasman ia29



2.1–15.76.74.411.1–5.4–1.5–18.4–19.8International trade—imports of goods–3.4–8.613.10.3–4.91.7–1.1–4.46.1International trade—exports of goods

1.1–3.31.4–2.72.61.0–0.1–2.7–2.6State final demand

19.7–30.29.97.21.322.013.316.023.2Public–4.4–5.8–0.1–17.47.5–4.2–8.3–12.0–12.0Private


–0.51.50.5–0.20.50.12.0–0.7–1.4Households1.90.90.81.62.51.00.5–0.31.5General government



8258089588988617758198311 018International trade—imports of goods1 7001 7611 9261 7021 6981 7851 7551 7741 857International trade—exports of goods


407340487443413408334295255Public7567918398401 0169459871 0761 222Private





–4.4–4.3–0.25.57.00.8–11.4–13.5–7.6International trade—imports of goods–2.6–0.61.82.2—–2.4–2.51.57.8International trade—exports of goods

–0.5–0.9–1.0–0.21.00.9–0.2–2.2–3.0State final demand

–5.9–6.1–3.63.811.312.217.918.79.5Public–2.9–5.4–6.6–5.3–2.9–3.1–7.3–12.4–12.2Private


0.60.60.60.20.30.70.5–0.1–0.3Households1.11.11.21.61.81.30.50.40.6General government



8228608999018557987928941 034International trade—imports of goods1 7451 7911 8031 7721 7331 7331 7761 8221 795International trade—exports of goods


381405432448432388346293247Public7657878328919419701 0011 0801 232Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Nor the rn Ter r i to r y30


(a) Reference year for chain volume measures is 2008–09.. . not applicable— nil or rounded to zero (including null cells)

. .. .. .. .. .. .. .. .. .International trade—imports of goods

. .. .. .. .. .. .. .. .. .International trade—exports of goods

–0.72.50.82.14.1–2.40.80.40.1State final demand

–12.320.7–3.45.539.7–5.6–3.48.72.0Public0.24.67.24.14.0–12.35.95.97.4Private


1.40.90.80.91.8–0.62.50.31.1Households0.4–0.40.31.80.8–1.1–0.5–1.6–1.9General government



3—3—11—2—International trade—imports of goods—2—1——411International trade—exports of goods


1 1461 3071 0831 1211 062760805834767Public1 2191 2161 1621 0851 0421 0021 1431 0791 019Private





. .. .. .. .. .. .. .. .. .International trade—imports of goods

. .. .. .. .. .. .. .. .. .International trade—exports of goods

0.71.01.82.31.50.5–0.2—0.7State final demand

0.82.26.412.612.48.81.9–1.94.4Public2.74.16.24.1–1.0–2.80.75.74.7Private


1.01.01.00.90.91.00.91.21.5Households—0.10.61.00.6–0.3–1.2–1.4–0.9General government



221111111International trade—imports of goods111——1222International trade—exports of goods


1 2051 1961 1701 099976868798783799Public1 2341 2011 1541 0861 0431 0541 0841 0771 019Private




TR E N D ( $ m )


2010–112009–102008–09

COMPONENTS OF STATE FINAL DEMAND, Cha in Volume Measures (a ) : Aust ra l i an Cap i ta l

Ter r i t o r y31


(a) Net saving is derived as a balancing item.

343 824332 710329 807328 376324 713307 199302 832300 358296 858Total use of gross disposable income

56 45155 62954 83254 05953 20752 43451 76451 19950 910Consumption of fixed capital

35 16028 78530 42832 04332 53820 43219 45222 01220 125Total national net saving

18 51213 78618 53120 87721 12812 64113 63210 57012 159Other sectors21 99324 55519 51819 36017 02317 76515 28116 79222 699Households–5 345–9 556–7 621–8 194–5 613–9 974–9 460–5 351–14 733General government

National net saving(a)


Final consumption expenditureUse of gross disposable income

343 824332 710329 807328 376324 713307 199302 832300 358296 858Gross disposable income

–857–849–795–812–676–699–658–717–603Other current transfers338356304311291305304316349Current taxes on income, wealth, etc

Net secondary income from non-residents

344 343333 203330 298328 877325 098307 593303 186300 759297 112Gross national income

–12 499–13 369–14 442–12 054–10 567–13 326–13 728–10 380–12 682Net primary income from non-residents34 25433 15632 49432 59631 79431 02830 76030 26229 797Taxes less subsidies on production and imports27 68827 82027 54126 91926 35225 88924 80125 46924 613Gross mixed income

123 550117 182121 005119 654118 136108 969109 136104 643105 534Gross operating surplus171 349168 414163 700161 762159 383155 032152 217150 764149 849Compensation of employees


340 909335 090330 995327 324320 620311 182302 868298 956298 971Total use of gross disposable income

56 42655 64054 83954 02753 21652 43651 77851 27850 843Consumption of fixed capital

32 52031 10131 12031 39728 78323 90520 06419 78822 603Total national net saving

16 50816 59318 36019 92619 02015 46912 38711 36711 673Other sectors23 19122 38620 79119 01617 54316 46116 44718 02420 982Households–6 999–7 899–8 017–7 545–7 780–8 485–8 524–7 572–5 262General government

National net saving(a)


Final consumption expenditureUse of gross disposable income


–844–842–813–769–716–688–676–670–648Other current transfers344336320304297299307321336Current taxes on income, wealth, etc

Net secondary income from non-residents

341 418335 595331 487327 789321 039311 571303 238299 305299 284Gross national income

–13 081–13 491–13 216–12 456–11 964–11 809–11 873–11 661–11 389Net primary income from non-residents33 94033 30032 74832 28231 79531 20830 63430 26329 926Taxes less subsidies on production and imports27 84927 71427 42927 00726 32725 71925 29024 98824 757Gross mixed income

121 374120 209119 665119 219118 360109 575107 822106 080104 405Gross operating surplus171 326167 854164 600161 626158 612155 423152 407150 588150 380Compensation of employees

TR E N D

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

NAT IONAL INCOME ACCOUNT, Cur ren t pr ices32


(a) Statistical discrepancy (E) less statistical discrepancy (I)— nil or rounded to zero (including null cells)

91 54384 34885 18986 01785 67672 79871 14673 12871 000Total capital accumulation and net

lending

–7 487–11 188–8 717–6 666–4 565–16 351–18 705–14 121–13 467Net lending to non-residents–356–1 444–1 780830–408–3 989–955988–42Statistical discrepancy(a)

—676–6510—–5–1–1Acquisitions less disposals of non-produced

non-financial assets

3 7591 1102 424–900–1 1681 76356493–1 233Total changes in inventories

20–1312273324260–246225519Public authorities8682551 36525862463395284676Farm

2 871986833–1 192–1 8151 440415–416–2 428Private non-farmChanges in inventories


14 39714 86414 72214 35814 72214 94612 10511 08510 376General government5 9206 2376 2386 2316 2066 4926 2466 0625 731Public corporations

75 31174 76372 22872 22870 87869 93871 89669 02269 636PrivateGross fixed capital formation

91 54384 34885 18986 01785 67672 79871 14673 12871 000Gross saving and capital transfers

686771856967718335less Payable to non-residents—————————Receivable from non-residents

Capital transfers56 45155 62954 83254 05953 20752 43451 76451 19950 910Consumption of fixed capital35 16028 78530 42832 04332 53820 43219 45222 01220 125National net saving


88 84886 67585 87985 34881 92776 26971 78270 98973 337Total capital accumulation and net

lending

–8 911–8 844–7 987–6 796–6 946–15 507–16 049–14 890–12 694Net lending to non-residents–1 139–1 160–697–405–1 037–1 756–1 235153730Statistical discrepancy(a)

162014–1–11–72–1714Acquisitions less disposals of non-produced

non-financial assets

3 3192 223927–88–12443274332–1 117Total changes in inventories

–182054108891310218889Public authorities729737744635423237320440377Farm

2 2241 489154–831–636182321–595–1 583Private non-farmChanges in inventories


14 62314 66414 63814 76614 73314 06612 67211 16610 332General government6 0446 1486 2156 2596 3086 3556 2816 0225 704Public corporations

75 43374 19272 96571 68471 01870 75370 27869 85770 113PrivateGross fixed capital formation

88 84886 67585 87985 34881 92776 26971 78270 98973 337Gross saving and capital transfers

6769747673726077110less Payable to non-residents—————————Receivable from non-residents

Capital transfers56 42655 64054 83954 02753 21652 43651 77851 27850 843Consumption of fixed capital32 52031 10131 12031 39728 78323 90520 06419 78822 603National net saving

TR E N D

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

NATIONAL CAPITAL ACCOUNT, Cur rent pr i ces33



7 48711 1828 6416 7314 55516 35118 71014 12213 468Total capital accumulation and net lending (+) /

net borrowing (-)

7 48711 1888 7176 6664 56516 35118 70514 12113 467Net lending (+) / net borrowing (-)—–6–7665–10—511

Acquisitions less disposals of non-producednon-financial assets

7 48711 1828 6416 7314 55516 35118 71014 12213 468Balance on external income and capital transfers

—————————Capital transfers payable by non-residents686771856967718335Capital transfers receivable by non-residents

Capital account

7 41911 1158 5706 6464 48616 28418 63914 03913 433Balance on external income account

1 6821 6201 5531 5161 7451 6951 6901 6541 626Current transfersSecondary income payable by non-residents

10 0339 44610 21610 45710 5058 8086 6179 1657 950Property income434465449447435410461400430Compensation of employees

Primary income payable by non-residents77 85072 01373 86674 28474 39462 14459 11058 68160 658Exports of goods and services

Use of income by non-residents

2 2012 1132 0442 0172 1302 0892 0442 0551 880Current transfersSecondary income receivable by non-residents


Primary income receivable by non-residents72 25169 26667 50568 37367 92864 70963 66761 93961 155Imports of goods and services

Income of non-residentsIncome account


8 8968 8237 9736 7976 95715 51416 04714 90712 680Total capital accumulation and net lending (+) /

net borrowing (-)

8 9118 8447 9876 7966 94615 50716 04914 89012 694Net lending (+) / net borrowing (-)–16–20–141117–217–14

Acquisitions less disposals of non-producednon-financial assets

8 8968 8237 9736 7976 95715 51416 04714 90712 680Balance on external income and capital transfers

—————————Capital transfers payable by non-residents6769747673726077110Capital transfers receivable by non-residents

Capital account

8 8298 7547 8996 7216 88415 44215 98714 83012 570Balance on external income account

1 6711 6051 5701 5911 6611 7081 6931 6511 643Current transfersSecondary income payable by non-residents


Primary income payable by non-residents76 36774 99474 18173 81572 41862 14859 43758 84362 139Exports of goods and services

Use of income by non-residents

2 1712 1112 0622 0562 0802 0972 0622 0001 956Current transfersSecondary income receivable by non-residents


Primary income receivable by non-residents71 58969 75068 36567 61566 92065 39363 18161 66363 007Imports of goods and services

Income of non-residentsIncome account

TR E N D

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

EXTERNAL ACCOUNT, Cur rent pr i ces34


(c) Interest flows are adjusted for the cost of financial intermediation servicesindirectly measured. See Explanatory Notes.

(d) Includes interest payable and rent payable on natural assets.(e) Includes financial intermediation services indirectly measured relating to

deposits and consumer debt interest.(f) Net saving is derived as a balancing item.

(a) Includes non-profit institutions serving households and unincorporatedenterprises.

(b) Includes investment income of insurance enterprises, superannuation fundsand investment funds attributable to policyholders and imputed interest ongovernment unfunded superannuation arrangements.

302 322297 672291 675284 682277 910272 078267 818265 558265 848Total use of gross income

18 72518 53318 34218 15817 97917 79617 58717 34417 087Consumption of fixed capital23 19122 38620 79119 01617 54316 46116 44718 02420 982Net saving(f)

188 172185 748182 624180 167177 869175 360173 291171 214169 102Final consumption expenditure(e)


71 09670 57269 28267 13164 57362 24960 43858 71257 919Total income payable

47 18147 33146 64645 14543 60642 78042 82742 85542 879Total secondary income payable

316315312311322345373402422Other sectors939905889909951985981949910Non-residents

Other current transfers988985982980973960942924911Other current taxes on income, wealth etc.

6 7436 5966 4476 2986 1526 0105 8845 7785 681Net non-life insurance premiums1 9101 8841 8591 8371 8161 7931 7591 7101 654Social contributions for workers' compensation

36 30236 64536 15634 81033 39232 68832 88833 09133 300Income tax payableSecondary income payable

23 92123 24322 63821 98620 96719 46917 61115 85715 040Total primary income payable

23 92123 24322 63821 98620 96719 46917 61115 85715 040Total property income payable

2 4762 3832 2792 1722 0591 9091 6841 4651 390Property income payable by unincorporated

enterprises(d)

2 6082 6042 6172 6182 5562 4462 3062 1342 040Consumer debt interest18 83718 25617 74217 19616 35115 11313 62112 25811 611Interest on dwellings

Property income payable(c)Primary income payable

Uses of income

302 322297 672291 675284 682277 910272 078267 818265 558265 848Total gross income

42 94443 39642 38140 27338 71638 54840 05742 13644 183Total secondary income receivable


Other current transfers5 9656 5896 5405 9315 4095 5275 7015 8185 781Current transfers to non-profit institutions5 6225 5925 5525 4955 4275 3795 4285 6025 825Non-life insurance claims

26 66026 56226 13425 41624 89124 99125 62725 67224 774Social assistance benefits2 6342 5482 4592 3652 2692 1842 1432 1562 193Workers' compensation

Social benefits receivableSecondary income receivable

259 329254 282249 303244 408239 194233 530227 761223 422221 664Total primary income receivable

34 85233 98233 03832 06031 07629 69727 83426 07225 241Property income receivable(b)(c)170 903167 463164 232161 257158 234155 042152 027150 211150 008Compensation of employees27 84927 71427 42927 00726 32725 71925 29024 98824 757Gross mixed income25 60425 12824 62124 08523 55723 07122 61122 15121 658

Gross operating surplus–dwellings owned bypersons

Primary income receivableIncome

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

HOUSEHOLD INCOME ACCOUNT (a) , Cur ren t pr ices : Trend35


(c) Interest flows are adjusted for the cost of financial intermediation servicesindirectly measured. See Explanatory Notes.

(d) Includes interest payable and rent payable on natural assets.(e) Includes financial intermediation services indirectly measured relating to

deposits and consumer debt interest.(f) Net saving is derived as a balancing item.

(a) Includes non-profit institutions serving households and unincorporatedenterprises.

(b) Includes investment income of insurance enterprises, superannuation fundsand investment funds attributable to policyholders and imputed interest ongovernment unfunded superannuation arrangements.


18 73018 53318 34018 15117 98317 79417 58917 36617 072Consumption of fixed capital21 99324 55519 51819 36017 02317 76515 28116 79222 699Net saving(f)

188 409185 784182 468180 318178 254175 108173 791171 058170 084Final consumption expenditure(e)




308334293324310353367403428Other sectors9509148728701 003974957997869Non-residents

Other current transfers985988981975979964932930915Other current taxes on income, wealth etc.

6 7496 5936 4446 3026 1526 0095 8825 7705 689Net non-life insurance premiums1 9111 8841 8591 8341 8181 7931 7601 7191 648Social contributions for workers' compensation

35 30237 06337 12334 53332 39633 52432 83432 25634 812Income tax payableSecondary income payable



2 4192 4462 2732 1182 0991 9251 7151 4381 366Property income payable by unincorporated

enterprises(d)

2 5892 6192 6182 5672 6762 3552 3222 2192 053Consumer debt interest18 74018 36317 71216 94516 88514 84913 73212 28911 620Interest on dwellings

Property income payable(c)Primary income payable

Uses of income




Other current transfers4 7577 6446 6246 0464 2876 5615 4955 5445 874Current transfers to non-profit institutions5 6237 1255 6225 5205 4145 3805 4195 5305 880Non-life insurance claims

26 20226 88126 41025 30224 50725 16925 46225 73933 493Social assistance benefits2 6382 5452 4572 3762 2652 1842 1382 1282 216Workers' compensation

Social benefits receivableSecondary income receivable


34 85834 04733 08131 82231 29129 62728 40725 42525 184Property income receivable(b)(c)170 907168 038163 334161 399159 003154 624151 878150 360149 480Compensation of employees

27 68827 82027 54126 91926 35225 88924 80125 46924 613Gross mixed income25 58125 15924 61924 10523 52523 05922 64222 13221 653

Gross operating surplus–dwellings owned bypersons


$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

HOUSEHOLD INCOME ACCOUNT (a) , Cur ren t pr ices : Seasona l l y Adjus ted36


(b) Net saving is derived as a balancing item.— nil or rounded to zero (including null cells)(a) Includes land rent and royalties on mineral leases and native timber tracts.


7 2427 1317 0386 9426 8426 7506 6906 6726 670Consumption of fixed capital–6 999–7 899–8 017–7 545–7 780–8 485–8 524–7 572–5 262Net saving(b)63 46862 79862 21461 63460 71859 26557 68056 41155 665Final consumption expenditure




5 6696 2966 2315 5995 0665 1965 3905 5335 529Other sectors483477471471477478471462456Non-residents

Other current transfers26 66026 56226 13425 41624 89124 99125 62725 67224 774Social assistance benefits in cash to residents

Secondary income payable


4 2704 3984 4444 3964 3064 3064 3834 4834 503Subsidies


—————————Rent on natural assets

7 1546 8386 4876 1525 8095 4024 9864 5734 230Total interest

3 8643 6433 3873 1432 8912 5702 2311 8801 593Other interest3 2883 1953 1023 0092 9192 8322 7552 6932 637On unfunded superannuation liabilities

InterestProperty income payable

Primary income payableUses of income



426429427420417440474503525Other current transfers

54 33954 27453 85552 87051 20349 12547 57146 97347 907Total current taxes

988985982980973960942924911Other current taxes on income, wealth etc.

53 35153 28952 87451 89050 23048 16546 62946 04846 996Total income tax

469458438418409410414421435Non-residents16 57616 18516 27916 66116 42715 06713 32612 53513 260Resident corporations36 30236 64536 15634 81033 39232 68832 88833 09133 300Individuals

Income tax fromCurrent taxes on income, wealth etc.

Secondary income receivable


7 6607 0756 4956 1565 7666 0836 9377 3006 984Total property income receivable

2 8712 5962 4332 3912 2481 8711 5551 5851 995Rent on natural assets(a)

2 6282 4262 1161 9442 0252 1352 2042 1272 137Total dividends

770645516441439402408431462Other691582407325376459490448429Public financial corporations

1 1671 2001 1931 1781 2101 2731 3051 2471 246Public non-financial corporationsDividends

2 1052 0551 9511 8221 7701 8011 7981 6491 472InterestProperty income receivable

38 22337 69837 19036 67836 10135 51435 01734 74734 429Taxes on production and imports7 2427 1317 0386 9426 8426 7506 6906 6726 670Gross operating surplus


$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

GENERAL GOVERNMENT INCOME ACCOUNT, Cur ren t pr ices : Trend37


(b) Net saving is derived as a balancing item.— nil or rounded to zero (including null cells)(a) Includes land rent and royalties on mineral leases and native timber tracts.


7 2427 1297 0386 9506 8396 7506 6876 6496 688Consumption of fixed capital–5 345–9 556–7 621–8 194–5 613–9 974–9 460–5 351–14 733Net saving(b)63 80462 51162 07961 95660 71459 22657 82556 09055 738Final consumption expenditure




4 4547 3616 3125 7423 8796 2875 1645 2585 608Other sectors485481468463484481468463454Non-residents

Other current transfers26 20226 88126 41025 30224 50725 16925 46225 73933 493Social assistance benefits in cash to residents

Secondary income payable


3 9994 6724 4084 3294 3314 3464 2754 4984 664Subsidies


—————————Rent on natural assets

7 3656 6476 5596 1755 7775 4165 0134 5604 204Total interest

4 0733 4543 4593 1632 8582 5852 2591 8721 562Other interest3 2923 1933 1003 0122 9192 8312 7542 6882 642On unfunded superannuation liabilities

InterestProperty income payable

Primary income payableUses of income



412442430413418437462533501Other current transfers

53 98754 24954 45052 62051 24749 35247 64345 98348 946Total current taxes

985988981975979964932930915Other current taxes on income, wealth etc.

53 00153 26153 46851 64550 26848 38746 71145 05348 031Total income tax

462473436409408420407418445Non-residents17 23715 72515 90916 70317 46414 44313 47012 38012 774Resident corporations35 30237 06337 12334 53332 39633 52432 83432 25634 812Individuals

Income tax fromCurrent taxes on income, wealth etc.

Secondary income receivable


8 3126 4796 8335 8166 2895 7875 6069 9805 519Total property income receivable

3 1852 3842 3602 3812 5511 7111 4851 5701 930Rent on natural assets(a)

2 9882 0952 4481 5982 0982 2442 2126 7482 171Total dividends

1 019396630425412408479296567Other855501521765494494365 237348Public financial corporations

1 1141 1981 2971 0971 1371 3881 2981 2151 256Public non-financial corporationsDividends

2 1392 0012 0251 8371 6401 8321 9091 6621 418InterestProperty income receivable

38 25337 82836 90236 92436 12535 37435 03534 76034 462Taxes on production and imports7 2427 1297 0386 9506 8396 7506 6876 6496 688Gross operating surplus


$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

GENERAL GOVERNMENT INCOME ACCOUNT, Cur ren t pr ices : Seasona l l y Adjus ted38


92 18891 94091 50289 59387 33284 59682 80280 81183 328Total taxes

4040389840125178251568Other taxes1 9051 8471 8481 8191 7591 7491 7341 7061 651Motor vehicle taxes1 2961 3371 0811 2091 2701 1821 0011 1081 093Taxes on insurance1 3381 3101 3041 2761 2641 2231 2311 3261 277Taxes on gambling1 5251 4951 4391 3891 3291 3391 5211 4911 534Taxes on international trade6 6986 6456 5896 4886 2715 8586 3596 2596 413Excise taxes

12 57812 36912 12912 23812 14311 71311 45611 26810 832Goods and services tax325311283318329317300286264Sales taxes

3 2653 3343 4083 3293 3723 4483 2582 9552 661Taxes on financial and capital

transactions

3 2053 2053 2053 2052 9592 9592 9592 9592 808Municipal and metropolitan

improvement rates

1 4941 4941 4941 4941 4181 4181 4181 4181 392Land taxes5 5175 2915 2155 0844 9104 8794 6774 7324 803Payroll taxes

53 00153 26153 46851 64550 26848 38746 71145 05348 031Total taxes on income

462473436409408420407418445Non-residents17 23715 72515 90916 70317 46414 44313 47012 38012 774Resident corporations

35 30237 06337 12334 53332 39633 52432 83432 25634 812Total individuals

3 4373 0623 6814 7913 6143 8693 3193 3974 355Other856842815809872882902863856Fringe benefit taxes

31 00933 15932 62728 93327 91028 77328 61327 99629 600Net tax instalmentsIndividuals

Taxes on income


92 47391 95091 08189 58187 28484 61282 62281 73682 291Total taxes

3143536178101173322517Other taxes1 8911 8661 8391 8071 7751 7491 7311 6951 640Motor vehicle taxes1 3101 2451 2001 2031 2051 1631 0871 0621 105Taxes on insurance1 3331 3161 2991 2791 2501 2391 2551 2841 296Taxes on gambling1 5261 4881 4381 3741 3481 3841 4511 5151 554Taxes on international trade6 6996 6516 5866 4216 2166 1116 1576 3446 451Excise taxes

12 52012 36012 25112 18112 04111 79611 48711 17710 844Goods and services tax316306303311321319301284272Sales taxes

3 2943 3343 3583 3803 4043 3833 2502 9512 605Taxes on financial and capital

transactions

3 2053 2173 1993 1333 0312 9682 9442 9142 852Municipal and metropolitan

improvement rates

1 4941 4981 4921 4721 4401 4191 4131 4101 399Land taxes5 4725 3375 1975 0704 9444 8174 7444 7294 761Payroll taxes

53 35153 28952 87451 89050 23048 16546 62946 04846 996Total taxes on income

469458438418409410414421435Non-residents16 57616 18516 27916 66116 42715 06713 32612 53513 260Resident corporations

36 30236 64536 15634 81033 39232 68832 88833 09133 300Total individuals

3 2093 4313 8144 1304 0663 6413 4643 6073 921Other852834822827857885887870863Fringe benefit taxes

32 35532 37731 51429 85328 46928 16128 53628 61428 516Net tax instalmentsIndividuals

Taxes on income

TR E N D

$m$m$m$m$m$m$m$m$m


2010–112009–102008–09

TAXES, Cur ren t pr ices39


(b) Reference year for implicit price deflators is 2008–09.(c) For definitions see Glossary.(d) Change on preceding quarter.


5.31.61.41.11.11.21.20.6–0.2Average non-farm compensation per employee (%)

8.02.12.01.81.92.12.01.20.1Non-farm compensation of employees (%)

5.21.61.41.11.11.21.20.5–0.2Average compensation per employee (%)

Income related measures

8.01.92.22.51.10.1–0.3–1.0–2.0New Private business investment–current prices (%)

9.52.52.72.71.20.20.2—–0.8New Private business investment–chain volume(a) (%)

New private business investment

16.97.37.03.5–1.6–3.3—3.52.4Farm GDP–implicit price deflator(b) (%)

21.82.03.35.89.26.72.0–0.11.1Farm GDP–current prices (%)

4.2–4.9–3.42.211.010.42.0–3.4–1.3Farm GDP–chain volume(a) (%)

5.01.21.01.11.72.22.00.9–0.5Non-farm GDP–implicit price deflator(b) (%)

6.11.61.31.21.92.82.81.70.2Non-farm GDP–current prices (%)

1.10.40.30.20.20.60.80.80.7Non-farm GDP–chain volume(a) (%)

Farm and non-farm GDP

1.10.20.10.20.61.01.01.00.7Production–GDP(P) (%)

1.20.30.10.20.50.70.50.40.6Income–GDP(I) (%)

1.10.20.30.30.30.60.80.80.7Expenditure–GDP(E) (%)

Chain volume measures of GDP(a)

PE R C E N T A G E CH A N G E S (d)

. .16 63916 37416 14915 97315 80315 61415 42415 332Average non-farm compensation per employee ($)

. .169 986166 519163 278160 327157 342154 175151 167149 341Non-farm compensation of employees ($m)

. .16 47016 21816 00015 82515 65415 46715 28215 198Average compensation per employee ($)

. .27.627.928.228.629.227.227.527.5Profits share of total factor income (%)

. .53.453.252.852.552.653.153.453.5Wages share of total factor income (%)


. .0.3610.3550.3520.3520.3520.3470.3400.335Imports to domestic sales (quotient)

. .55 59253 92352 71752 06251 49050 30548 51046 994Imports of merchandise goods ($m)

. .0.6750.6710.6660.6670.6780.6990.7230.739Private non-farm inventories to total sales (quotient)

. .217 025213 355210 887208 645204 110196 604188 763185 438Total sales ($m)

. .154 017151 942149 818147 799146 455145 001142 632140 354Domestic sales ($m)

. .146 456143 085140 433139 083138 477137 407136 387137 048Private non-farm inventory levels–book values ($m)

. .142 672140 453138 766138 105138 527138 677138 061137 418Private non-farm inventory levels–chain volume(a)

($m)

Inventories and sales

. .52 59351 60050 48549 27348 71748 67748 83449 325New Private business investment–current prices ($m)

. .54 95953 59352 18250 80050 21350 09850 00450 003New Private business investment–chain volume(a)

($m)

New private business investment(c)

. .113.5105.898.995.597.1100.4100.597.1Farm GDP–implicit price deflator(b) (index)

. .7 8547 7017 4547 0436 4506 0435 9275 933Farm GDP–current prices ($m)

. .6 9227 2807 5387 3756 6456 0185 9006 110Farm GDP–chain volume(a) ($m)

. .108.2106.9105.9104.7103.0100.898.998.0Non-farm GDP–implicit price deflator(b) (index)

. .347 540342 228337 897333 737327 509318 719310 162304 923Non-farm GDP–current prices ($m)

. .321 249320 042319 180318 621317 839316 082313 716311 187Non-farm GDP–chain volume(a) ($m)


. .328 699328 056327 609327 053325 248322 171318 854315 725Production–GDP(P) ($m)

. .327 110326 270325 783325 049323 337321 027319 327318 118Income–GDP(I) ($m)

. .328 416327 662326 788325 898324 879323 099320 678318 122Expenditure–GDP(E) ($m)


L E V E L S


Jun 10 to

Jun 11

2010–112009–10

SELECTED ANALYT ICAL SERIES: Trend40


(b) Reference year for implicit price deflators is 2008–09.(c) For definitions see Glossary.(d) Change on preceding quarter.


4.71.42.40.30.52.30.90.20.7Average non-farm compensation per employee (%)

7.51.82.91.21.52.81.91.00.6Non-farm compensation of employees (%)

4.71.22.50.20.62.21.00.10.6Average compensation per employee (%)


8.80.94.4—3.40.1–3.94.0–4.3New Private business investment–current prices (%)

10.21.74.90.42.80.7–3.75.1–3.1New Private business investment–chain volume(a) (%)

New private business investment

8.1–1.08.012.6–10.3–5.46.45.2–5.3Farm GDP–implicit price deflator(b) (%)

23.50.51.42.318.43.8–0.4–0.94.3Farm GDP–current prices (%)

14.31.5–6.2–9.132.19.7–6.4–5.810.1Farm GDP–chain volume(a) (%)

4.81.61.40.11.63.41.11.2–0.1Non-farm GDP–implicit price deflator(b) (%)

6.02.80.61.21.34.12.02.10.3Non-farm GDP–current prices (%)

1.11.2–0.71.1–0.40.70.81.00.5Non-farm GDP–chain volume(a) (%)


1.41.1–0.60.30.61.01.10.71.0Production–GDP(P) (%)

1.41.4–1.00.70.31.3—0.50.6Income–GDP(I) (%)

1.41.1–1.11.5–0.10.21.01.20.3Expenditure–GDP(E) (%)


PE R C E N T A G E CH A N G E S (d)

. .16 65716 42716 03715 98715 90615 54715 40515 382Average non-farm compensation per employee ($)

. .170 014167 079162 372160 452158 131153 777150 969149 536Non-farm compensation of employees ($m)

. .16 48016 28115 88515 84515 74615 40815 26015 240Average compensation per employee ($)

. .28.127.128.628.728.927.327.927.0Profits share of total factor income (%)

. .53.153.752.452.552.553.553.253.7Wages share of total factor income (%)


. .0.3640.3510.3460.3570.3540.3440.3390.342Imports to domestic sales (quotient)

. .55 85353 76951 59752 80251 87549 76648 75547 471Imports of merchandise goods ($m)

. .0.6750.6740.6630.6670.6690.7120.7120.743Private non-farm inventories to total sales (quotient)

. .218 469212 373209 880208 822207 612193 880190 039184 556Total sales ($m)

. .153 488153 001149 018147 828146 473144 846144 030139 001Domestic sales ($m)

. .147 404143 080139 107139 348138 992138 064135 274137 214Private non-farm inventory levels–book values ($m)

. .143 527139 909138 916137 621138 789139 314138 042137 175Private non-farm inventory levels–chain volume(a)

($m)

Inventories and sales

. .52 53252 06549 89449 89048 26448 22750 15848 222New Private business investment–current prices ($m)

. .54 98354 04551 53451 31349 91249 54251 42948 947New Private business investment–chain volume(a)

($m)

New private business investment(c)

. .107.6108.7100.689.399.6105.399.094.2Farm GDP–implicit price deflator(b) (index)

. .7 6477 6077 5037 3316 1905 9655 9896 044Farm GDP–current prices ($m)

. .7 1057 0007 4598 2106 2165 6646 0496 419Farm GDP–chain volume(a) ($m)

. .108.5106.8105.4105.2103.6100.299.197.9Non-farm GDP–implicit price deflator(b) (index)

. .349 566340 058338 011333 955329 830316 906310 766304 229Non-farm GDP–current prices ($m)

. .322 076318 363320 762317 335318 499316 339313 690310 697Non-farm GDP–chain volume(a) ($m)


. .329 872326 390328 335327 344325 338322 175318 565316 258Production–GDP(P) ($m)

. .328 517324 022327 166324 888324 053319 812319 797318 105Income–GDP(I) ($m)

. .329 167325 690329 177324 415324 765324 033320 864316 990Expenditure–GDP(E) ($m)


L E V E L S


Jun 10 to

Jun 11

2010–112009–10

SELECTED ANALYT ICAL SERIES, Seasona l l y ad jus ted41



1 307 2901 283 5711 255 2411 237 3201 191 6551 150 6441 116 2481 084 1661 040 908Gross domestic product

810–3 039———————Statistical discrepancy (E)322 085290 836276 819286 329249 951229 127213 470190 146168 812Imports of goods and services300 098299 627284 441277 124266 361259 847254 300245 599242 876Exports of goods and services

1 328 4681 277 8191 247 6171 245 0941 174 5331 119 5211 075 5081 027 887965 588Gross national expenditure

5 8552 995–6024 3374 3171 4824 3893 3182 176Total changes in inventories

155266–983–1 46947582–124–685–227Public authorities3 0381 3501671 634608717164220–150Farm2 6621 3792143 7873 7244234 2633 3842 357Private non-farm


1 322 6131 274 8241 248 2191 237 9751 167 5321 116 9811 070 6181 021 842964 226Domestic final demand




40 82838 15027 73025 82124 20621 68421 58419 97819 554State and local

19 53716 65914 49213 66612 09411 59210 7959 6579 179Total national


General government


22 41623 67221 57020 29617 57014 83712 66211 59910 840State and local1 9301 8611 2291 1562 6405 0884 0993 3262 709Commonwealth



32 83731 62030 56730 67426 63922 99521 23219 72718 369Total intellectual property products1 4911 3521 2371 1431 063987923830794Artistic originals

11 59210 8119 92010 0198 6727 8907 4877 0546 636Computer software5 9785 7446 0345 5774 3252 8992 5632 1102 153Mineral and petroleum exploration

13 77713 71213 37613 93912 59711 11510 0809 5258 545Research and developmentIntellectual property products

3 3613 1663 1042 7212 8493 5813 5393 4091 827Cultivated biological resources


–3 972–4 490–4 250–4 105–4 028–3 725–2 855–3 080–2 814Net purchases of second hand assets87 32485 63689 91693 00578 14575 82465 77857 19549 216New



–933–528–1 151–528–1 481–881–1 065–707884Net purchases of second hand assets57 43346 99146 47537 42434 44829 20422 24919 22118 308New engineering construction30 92032 41740 03142 25537 84335 16531 28529 93727 741New building


74 25372 39170 90672 28471 39370 06173 18073 76971 530Total dwellings




708 945686 319672 036670 466640 240613 661596 681571 220540 996Households


142 084138 163132 975129 202125 029123 409119 213117 110112 424State and local91 94686 52787 89385 69383 22377 33476 70672 81469 812Total national68 51766 30169 00167 80365 25060 73060 97256 69954 354National–Non-defence23 42820 22618 89317 90317 95816 59415 76516 05515 399National–defence


$m$m$m$m$m$m$m$m$m

2010–112009–102008–092007–082006–072005–062004–052003–042002–03

EXPENDITURE ON GDP, Cha in volume measures(a) : Annua l42



1 391 3301 284 7771 255 2411 185 7401 091 6331 001 440926 447865 271804 261Gross domestic product

758–3 178———————Statistical discrepancy (E)277 328258 109276 819257 913228 473211 030190 392168 767167 936Imports of goods and services298 169254 132284 441233 061214 962195 676167 101146 729151 616Exports of goods and services

1 369 7311 291 9311 247 6171 210 5921 105 1501 016 796949 739887 309820 584Gross national expenditure

5 533115–6026 1203 945–1923 3054 568–1 124Total changes in inventories

149263–983–89156348–64–306–111Public authorities2 7271 319167643297469228–114–430Farm2 657–1 4672146 3683 592–1 0093 1414 988–583Private non-farm


1 364 1981 291 8171 248 2191 204 4721 101 2051 016 988946 434882 741821 708Domestic final demand




40 31937 39427 73024 73621 11718 67416 65714 91614 215State and local

17 73415 52714 49212 93011 34310 9699 6308 6758 817Total national


General government


22 75423 19221 57019 74616 54312 85610 5049 0978 441State and local1 8651 7701 2291 1212 4454 5923 7453 0182 499Commonwealth



32 50031 10330 56730 19525 38521 83519 96918 65317 642Total intellectual property products1 5791 4001 2371 098980870778701648Artistic originals

10 49010 2009 92010 0809 2478 7938 6958 5758 524Computer software6 2105 7276 0345 4963 9402 5032 0741 7311 728Mineral and petroleum exploration

14 22113 77613 37613 52211 2179 6698 4227 6466 742Research and developmentIntellectual property products

3 3433 0763 1042 8282 5483 3523 0293 4491 908Cultivated biological resources


–3 637–4 356–4 250–3 971–4 125–3 884–3 045–3 399–3 437Net purchases of second hand assets80 31283 28889 91691 24280 35578 65669 42862 43858 828New



–924–512–1 151–510–1 337–750–854–526610Net purchases of second hand assets57 74946 30446 47537 09232 79625 35918 21314 97913 650New engineering construction30 47631 24340 03142 65836 10631 23826 27122 97519 406New building


77 61573 68670 90669 20464 57460 48660 15057 65851 495Total dwellings




736 700698 206672 036656 187608 600566 234537 441505 371473 780Households


152 497142 919132 975122 260112 757105 59597 44391 67485 526State and local97 88390 96787 89379 35874 12565 80363 29457 48554 322Total national74 04370 83369 00162 46157 51351 04249 69043 98741 307National–Non-defence23 84020 13518 89316 89716 61314 76113 60413 49813 015National–defence


$m$m$m$m$m$m$m$m$m

2010–112009–102008–092007–082006–072005–062004–052003–042002–03

EXPENDITURE ON GDP, Cur ren t pr i ces : Annua l43


(a) Includes contributions to superannuation made by employers and payments ofworkers' compensation premiums.


1 391 3301 284 7771 255 2411 185 7401 091 6331 001 440926 447865 271804 261Gross domestic product

2 269495———————Statistical discrepancy (I)132 467123 807119 303123 045115 266106 672101 21298 40692 557Taxes less subsidies on production and imports

1 256 5941 160 4741 135 9381 062 695976 367894 768825 235766 865711 704Total factor income

109 933102 54398 59292 71490 58484 48481 91978 42771 975Gross mixed income

481 524440 550432 883386 416348 546323 127292 240270 303247 750Total gross operating surplus

99 46791 36383 08371 91864 12360 85158 29455 86154 163Dwellings owned by persons28 35926 92526 31424 02322 84821 42220 04418 73318 130General government

353 698322 262323 486290 475261 575240 854213 901195 709175 456Total corporations67 63261 42862 91160 78247 85239 79936 18731 29626 134Financial corporations

286 066260 834260 575229 693213 723201 055177 714164 413149 322Total non-financial corporations

12 09814 40513 59713 17716 66320 81021 57821 03019 382Public non-financial corporations273 968246 429246 979216 515197 060180 245156 136143 384129 940Private non-financial corporations


665 137617 382604 463583 565537 237487 157451 077418 135391 979Total compensation of employees

73 90368 60767 02264 72659 79654 22349 46345 10541 083Employers' social contributions(a)591 234548 774537 441518 839477 441432 934401 614373 030350 896Wages and salaries


$m$m$m$m$m$m$m$m$m

2010–112009–102008–092007–082006–072005–062004–052003–042002–03

INCOME ON GDP, Cur ren t pr ices : Annua l44




1 307 2901 283 5711 255 2411 237 3201 191 6551 150 6441 116 2481 084 1661 040 908Gross domestic product

–4 8591 236———————Statistical discrepancy (P)84 22083 12683 34084 11282 48280 24478 67676 67274 120Taxes less subsidies on products

1 227 9291 199 2101 171 9011 152 9641 108 7451 069 9031 036 9521 006 828966 021Gross value added at basic prices

97 28494 49391 79589 40486 80284 68681 49777 99074 747Ownership of dwellings20 07620 74620 96820 60020 21419 80719 88320 32219 534Other services10 0209 8219 7989 1088 9028 3598 1867 7677 276Arts and recreation services74 37872 78870 54866 87663 69861 18558 26356 05653 776Health care and social assistance53 51252 13650 79749 31448 30947 45746 75546 10145 486Education and training62 57561 43761 43758 14957 88755 34554 10952 36051 523Public administration and safety31 41329 39828 96430 23228 54727 18526 53426 26024 369Administrative and support services83 40978 05375 09772 29570 01769 52567 86265 91963 411Professional, scientific and technical services33 16833 89433 37031 90232 99134 79433 24633 14732 784Rental, hiring and real estate services(d)

134 858131 879128 151127 972118 317107 141101 05197 30991 071Financial and insurance services39 59238 98638 52838 12735 90833 79732 45731 68330 320Information media and telecommunications

63 34561 28859 87660 60857 45754 31852 67149 76148 196Total

28 66326 91626 22225 50624 28223 33122 90121 68221 515Transport, postal and storage services9 3558 9968 9538 7938 1988 2148 1227 9437 801Rail, pipeline and other transport(c)5 1924 8824 9475 1775 0144 6134 3653 9493 726Air and space transport

20 13520 49319 75421 20019 95818 08117 22616 25315 202Road transportTransport, postal and warehousing

26 59626 02526 57427 45327 49827 07026 32825 11324 192Accommodation and food services55 53954 79553 76653 74551 27648 67748 01845 39543 110Retail trade56 99457 28055 27354 53752 93551 85550 19948 37846 211Wholesale trade95 07589 87190 08787 48481 79477 52671 67968 57464 193Construction

26 39025 92425 28624 36624 31624 07623 68023 56223 496Total

9 9379 6249 1908 9099 3359 2459 3839 4059 696Water supply and waste services1 9681 9041 8481 8331 7751 6761 6681 6851 653Gas

14 48414 39614 24813 62913 27213 21712 75412 61412 369ElectricityElectricity, gas, water and waste services

111 947110 869109 403116 306111 869109 798110 090111 359110 101Total

21 87322 33921 09922 37521 65921 67120 86720 87819 697Machinery and equipment25 21322 99023 73824 52122 02420 04820 02120 55720 466Metal products

5 4905 6635 7645 8015 5515 4244 8524 6514 496Non-metallic mineral products19 91719 65118 99521 11320 60820 97921 68221 66022 462


4 4634 4534 6835 6765 5365 4845 7346 1135 796Printing and recorded media7 2737 4447 1767 7688 0808 3098 6128 5488 558Wood and paper products4 3254 6425 7206 3816 0966 1536 7097 6997 716Textile, clothing and other manufacturing

23 39423 68722 22822 94522 97322 74322 95222 73022 734Food, beverage and tobacco productsManufacturing

117 719121 095114 462111 541109 323100 78098 88793 98596 812Total


Mining

34 04028 43027 72123 57322 04226 01925 32124 34419 391Total


Agriculture, forestry and fishing

$m$m$m$m$m$m$m$m$m

2010–112009–102008–092007–082006–072005–062004–052003–042002–03

INDUSTRY GROSS VALUE ADDED (a) , Cha in Volume Measures (b ) : Annua l45


(b) Change on preceding quarter.— nil or rounded to zero (including null cells)(a) Reference year for chain volume measures is 2008–09.

0.3—0.3–0.60.20.1–0.1–0.2Gross domestic product

1.1–1.31.0–0.40.8–0.90.9–0.5less Imports of goods and services2.10.20.5–4.33.6—0.1–2.2Exports of goods and services

0.3–0.20.5———0.1–0.2Gross national expenditure

0.1–0.10.30.3–0.1———Domestic final demand

0.8–0.20.41.0–0.5–0.1–0.20.5Total gross fixed capital formation

1.01.2–0.71.4–0.9–1.2—1.2Total public gross fixed capital formation

0.31.81.01.8–1.9–1.10.41.3General government2.5–0.2–4.60.31.1–1.4–0.61.2Public corporations

Public gross fixed capital formation

0.7–0.60.70.9–0.40.2–0.30.3Total private gross fixed capital formation

0.30.30.50.10.20.1–0.2–0.1Intellectual property products1.00.51.90.80.4—–0.4—Cultivated biological resources

–1.1–0.50.71.0–0.50.6–1.52.2Machinery and equipment5.0–1.81.31.6–0.5–0.10.7–1.3Non-dwelling construction—–0.5—0.5—–0.40.10.5Ownership transfer costs

–1.90.20.30.2–0.30.4–0.30.2DwellingsPrivate gross fixed capital formation

–0.1–0.20.2——–0.10.1–0.2Total final consumption expenditure

—–0.10.20.1——0.2–0.2Households–0.6–0.40.5——0.10.1–0.1General government


MarDecSepJunMarDecSepJun

2010–112009–102008–09

EXPENDITURE ON GDP, Cha in volume measures (a) —Rev is ions to percentage changes(b) :

Seasona l l y ad jus ted46



6868891 321572–1 00141913484Gross domestic product

538265150199498–611–149–547Statistical discrepancy (I)–240126–204–1–2–2—Taxes less subsidies on production and imports

3884991 191370–1 4991 0311631 030Total factor income

629–5325214811370166Gross mixed income

–379373989570–1 7029041421 001Total gross operating surplus

226–10–383–81Dwellings owned by persons———–1————General government103–4724–4832520Financial corporations32–153–11357–47–111238Public non-financial corporations

–4455181 157491–1 615909114942Private non-financial corporationsGross operating surplus

138178–51–214122113–47–137Compensation of employees

IN C O M E FR O M GD P

6868891 321572–1 00141913484Gross domestic product

–1 603–854–220427–930477341454Statistical discrepancy (E)5237838814631737–29–122less Imports of goods and services24073—–117199–41–61–25Exports of goods and services

2 5721 7481 9294094719–297–67Gross national expenditure

445173–134–289361116–193–137Changes in inventories

2 1271 5752 062697–314–95–10370Domestic final demand

1 6929571 062586–372221233Total gross fixed capital formation

60138160150–214–78112139Total public gross fixed capital formation

55849621280–218411089General government43–115–151704–82350Public corporations

Public gross fixed capital formation

1 0915761 001436–15879–9193Total private gross fixed capital formation

13410169186–10–14–6Intellectual property products3444417—–3–3—Cultivated biological resources

–62222287144–6640–81223Machinery and equipment1 251106516243–612321–140Non-dwelling construction

–10–111311–12–11107Ownership transfer costs–2551147712–2441–249Dwellings

Private gross fixed capital formation

4356181 00011159–97–124–164Total final consumption expenditure

444241226–3752–5923–222Households–93777741497–38–14858General government


EX P E N D I T U R E ON GD P

$m$m$m$m$m$m$m$m


2010–112009–102008–09

GROSS DOMESTIC PRODUCT ACCOUNT, Cur ren t pr i ces —Rev is ions : Seasona l l y ad jus ted47


(b) Reference year for chain volume measures is 2008–09.(c) Excludes ownership of dwellings.

— nil or rounded to zero (including null cells)(a) At basic prices.

0.3—0.3–0.60.20.1–0.1–0.2Gross domestic product

–0.3–0.10.5–0.30.1—0.2–0.4Taxes less subsidies on products

0.2–0.2—–0.20.1——–0.2Gross value added at basic prices

————————Ownership of dwellings..1.30.20.1–0.2–0.10.3—–0.2Other servicesS

–0.20.1—0.1–0.10.10.10.1Arts and recreation servicesR————————Health care and social assistanceQ————————Education and trainingP

0.2–0.2—0.70.1–0.1—–0.1Public administration and safetyO0.2–0.2–0.30.30.1–0.1–0.30.3Administrative and support servicesN

–1.50.5–2.3———–0.10.1Professional, scientific and technical servicesM0.4–0.20.9–1.40.8–0.20.7–1.0Rental, hiring and real estate services(c)L

–0.4–0.8–0.70.4–0.3——0.1Financial and insurance servicesK0.3–0.10.4–0.70.4–0.10.3–0.5Information media and telecommunicationsJ1.70.10.6–0.90.30.10.4–0.8Transport, postal and warehousingI0.4—0.2–0.60.3—0.1–0.3Accommodation and food servicesH0.3–0.10.10.1–0.2——0.1Retail tradeG0.5—0.2–0.2—0.10.1–0.2Wholesale tradeF

–0.30.10.5–0.90.2–0.10.5–0.7ConstructionE–0.10.10.1–0.10.1——–0.1Electricity, gas, water and waste servicesD0.7–0.30.2–0.40.4–0.10.1–0.3ManufacturingC0.40.80.4–0.20.1———MiningB3.3–4.32.7–1.01.02.4–2.9–0.5Agriculture, forestry and fishingA


2010–112009–102008–09

INDUSTRY GROSS VALUE ADDED (a) , Cha in volume measures (b ) —Rev is ions to percentage

changes : Seasona l l y ad jus ted48


4 Estimating the national accounts components for a period of less than one year

presents special problems. It is often difficult to adhere strictly to definitions used in

annual estimates when deriving quarterly ones. This is particularly the case for the

quarterly measure of income, because it is not always possible to match the volume of

production for a quarter with the cost incurred in that production. Difficulties are also

encountered in obtaining detailed data for short periods and in preparing consistent

estimates from different sources with different accounting procedures and periods.

Furthermore, the quarter-to-quarter growth in seasonally adjusted terms is very sensitive

to the timing of recording a transaction. If the recording of a transaction is delayed by

one quarter, seasonally adjusted movements will be distorted for three consecutive

quarters. All these problems affect the accuracy of the current price and chain volume

estimates and should be taken into account in interpreting the estimates.

5 The majority of the estimates in the quarterly national accounts are based on the

results of sample surveys. Many of the results of these surveys are released in the period

leading up to the release of the quarterly accounts thus providing users with a guide to

likely movements in key national accounting aggregates. In a national accounts context,

these various pieces of information are referred to as partial indicators. Usually there are

differences in concept and scope between the national accounts series and the relevant

partial indicator which means that the movements in the partial indicator will not always

be identical to the national accounts series movement. However, in general the

AC C U R A C Y OF QU A R T E R L Y

ES T I M A T E S

2 Australia's national accounts statistics are compiled in accordance with international

standards contained in the System of National Accounts. These standards have recently

been updated and are presented in the System of National Accounts, 2008 (SNA08).

Australia's application of these SNA standards is described in Australian System of

National Accounts: Concepts, Sources and Methods (cat. no. 5216.0). It is available on

the ABS web site <http://www.abs.gov.au>. This publication outlines major concepts

and definitions, describes sources of data and methods used to derive annual and

quarterly estimates for major aggregates at current prices and in chain volume terms, and

discusses the accuracy and reliability of the national accounts. In addition, it includes

documentation on input-output tables, financial accounts, capital stock, productivity

measures, balance sheets, and state accounts. The current version of this product reflects

the System of National Accounts, 1993 (SNA93) concepts and a number of references to

data sources and methods are out of date. A revised Concepts, Sources and Methods

product updated to include SNA08 is scheduled for release in 2011.

3 While national estimates are based on the concepts and conventions embodied in

SNA08, no such standard is available for sub-national (regional/state) accounts. In the

main, the national concepts are applicable to state accounts, but there remain a number

of conceptual and measurement issues that either do not apply or are insignificant at the

national level. Information on some of the more important conceptual, methodological

and data issues relating to annual and quarterly estimates by state is provided in Chapter

28 of the Concepts, Sources and Methods.

CO N C E P T S , SO U R C E S AN D

ME T H O D S

1 This publication contains estimates of gross domestic product (GDP) and its

components, components of state final demand, the national income account, the

national capital account and supporting series. Quarterly estimates are provided for the

latest nine quarters. For the most part, these estimates are provided in trend and

seasonally adjusted terms. Where trend and seasonally adjusted estimates are not

available, original data are provided. Annual estimates, on an original basis, are provided

for the key statistics for the past nine years. The List of Time Series Spreadsheets, set out

in the Appendix, shows the full range of data provided. The full quarterly time series,

including all original data on a quarterly basis (both national and state), are available

from the Australian Bureau of Statistics (ABS) website <http://www.abs.gov.au>.

I N T R O D U C T I O N


E X P L A N A T O R Y N O T E S

11 Data that are affected by seasonal factors are adjusted to remove the effects of these

factors. Three important points should be noted here:

! The methods used in seasonal adjustment do not force the sum of the adjusted

current price estimates for each quarter of a year to equal the original annual total.

! Where chain volume estimates have no apparent seasonality in their implicit price

deflators, the estimates are adjusted using the corresponding factors for current

price estimates.

! A special method, known as the pseudo-additive method, has been used to adjust

the output of cereal crops. This is necessary to account for the fact that there is no

cereal output in some quarters.

12 Seasonally adjusted chain volume figures are calculated from seasonally adjusted

figures expressed in the prices of the previous year. As with original data, the seasonally

adjusted chain volume measures are benchmarked to annual original estimates. As a

consequence, the seasonally adjusted chain volume measures sum to the corresponding

annual original figures – unlike their current price counterparts.

Seasonal Adjustment

10 The general methods for deriving seasonally adjusted and trend estimates are

described in Appendix 3 of Australian National Accounts: Concepts, Sources and

Methods, 2000 (cat. no. 5216.0).

SE A S O N A L L Y AD J U S T E D AN D

TR E N D ES T I M A T E S

9 Most figures are subject to revision as more complete and accurate information

becomes available. The revisions are of two types: those made to recent quarters and

those made as a consequence of a redistribution across all quarters within a year

following revisions to annual totals.

RE V I S I O N S

movements should be similar. To ensure a reasonable level of consistency between the

partial indicators and the national accounts series and hence present a common

understanding of recent economic developments, the national accounts area liaises with

the relevant survey areas and provides feedback regarding data quality and data

coherence. This may result in adjustments being made by survey areas to their collected

data prior to their release. The objective use of the national accounts framework to

provide data coherence across all ABS economic statistics ensures that a common

understanding of recent economic developments is presented.

6 The state estimates generally represent dissections of quarterly estimates published

for Australia in this publication. Therefore, they will reflect any inaccuracies in those

estimates as well as inaccuracies introduced by the particular conceptual, methodological

and data problems inherent in the allocation of Australian estimates to states and

territories. As such, the degree of accuracy and reliability will necessarily be lower than

that for the counterpart Australian estimates.

7 Estimates for compensation of employees, household final consumption expenditure

and private gross fixed capital formation are based on the results of sample surveys. By

their nature, survey results become less accurate as they are disaggregated (for example

into states and/or industries). Generally, the ABS surveys used to derive these aggregates

are designed to provide accurate estimates at the Australian total level and individual

state estimates that are less accurate but still of acceptable quality. However, it should be

noted that relative standard errors are generally higher for the smaller states and

territories than they are for the larger states. This may result in greater volatility in the

quarterly estimates for the smaller states and two territories.

8 Estimates of government final consumption expenditure, and general government

and public enterprise gross fixed capital formation can be substantially affected by the

indicators chosen to apportion the Commonwealth government component to states

and territories. Care is required when interpreting these estimates.

AC C U R A C Y OF QU A R T E R L Y

ES T I M A T E S continued


E X P L A N A T O R Y N O T E S continued

19 GDP can be derived by three broad approaches: the income approach (I), the

expenditure approach (E) and the production approach (P). A description of each

approach is provided in the following paragraphs. While each measure should,

conceptually, deliver the same estimate of GDP, if the three measures are compiled

independently using different data sources then different estimates of GDP result.

However, the Australian national accounts estimates have been integrated with annual

balanced supply and use tables. These tables have been compiled from 1994–95, up to

the year preceding the latest complete financial year. As integration with balanced supply

and use tables ensures that the same estimate of GDP is obtained from the three

approaches, annual estimates using the I, E and P approaches are identical for the years

for which these tables are available.

GR O S S DO M E S T I C PR O D U C T

(G D P )

18 For trend and seasonally adjusted series, the sum of the states and territories

generally does not equal the corresponding estimate for 'total Australia', nor are the

quarter-to-quarter movements identical. On a few occasions, these differences have been

significant, particularly for the seasonally adjusted series. This reflects both the shorter

span of data available for seasonal analysis at the state level and the fact that seasonal

analysis is generally carried out at a more aggregated level than for the 'total Australia'

series. The state and territory trend and seasonally adjusted series are less accurate than

the Australian data. However, as the state and territory time series lengthen, the

quarterly movements in the sum of the state estimates should more closely match those

in the Australian series.

State and terr i tory versus

Austral ian ser ies

13 Given the qualifications regarding the accuracy and reliability of the quarterly

national accounts, the ABS considers that trend estimates provide the best guide to the

underlying movements, and are more suitable than either the seasonally adjusted or

original data for most business decisions and policy advice.

14 A trend estimate is obtained by removing the irregular component from the

seasonally adjusted series. For estimates in this publication, it is calculated using a

centred 7–term Henderson moving average of the seasonally adjusted series. The

procedure is designed to minimise distortions in the trend level, turning point shape and

timing of turning points. Estimates for the three most recent quarters cannot be

calculated using this centred average method; instead an asymmetric average is used.

This can lead to revisions in the trend estimates for the last three quarters when data

become available for later quarters, even if none of the original data for earlier quarters

has changed.

15 The higher the 'irregular' component in a series, then the greater the likelihood

that trend estimates for the latest quarters will be revised as more observations become

available. However, it is important to note that this does not make the trend series

inferior to the seasonally adjusted or original series. In fact, in such cases the effect of the

irregular component on overall movements is likely to be even more in the seasonally

adjusted and the original estimates than in the trend series.

16 Trend estimates for aggregates such as GDP are derived directly, rather than as the

sum of components. As a result, the sum of the trend estimates of individual

components of a particular aggregate will not sum to the overall trend estimate of the

aggregate for the latest three quarters. This approach provides higher quality trend

estimates for key aggregates, particularly GDP.

17 For more information about ABS procedures for deriving trend estimates and an

analysis of the advantage of using them over alternative techniques for monitoring

trends, see Information Paper: A Guide to Interpreting Time Series – Monitoring

Trends, 2003 (cat. no. 1349.0) or contact the Assistant Director, Time Series Analysis on

Canberra (02) 6252 6406 or by email at <[email protected]>.

Trend Est imates



26 In the national accounts, estimates are made for the output of banks and similar

institutions who produce services through the provision of deposit and loan services.

Often there is no single explicit charge for these services and instead the relevant

financial institutions set interest rates such that a service margin can be earned. Thus,

interest rates on loans are higher than would otherwise be the case if there were no

service element provided and interest rates on deposits are lower than would otherwise

be the case.

27 In order to appropriately account for this service component the output produced

by these financial institutions is shown as being consumed by Households (includes

unincorporated enterprises and private non profit institutions serving households),

Corporations, and General government. In the sector income accounts the effect of

allocating the output to consuming sectors is that part of the interest flow is deemed a

payment of service and the balance is shown as interest such that the net effect on saving

is zero.

F I N A N C I A L IN T E R M E D I A T I O N

SE R V I C E S

24 GDP using the production approach is derived as the sum of gross value added for

each industry, at basic prices, plus taxes less subsidies on products. Basic values

represent the amounts received by producers, including the value of any subsidies on

products, but before any taxes on products. The difference between the sum over all

industries of gross value added at basic prices, and GDP at market (or purchasers')

prices, is the value of taxes less subsidies on products.

25 In this publication, only volume estimates compiled using the production approach

have been shown. These estimates are derived by extrapolating annual volume measures

using various indicators. The information necessary to compile comprehensive current

price estimates using the production approach is not available quarterly.

PRODUCTION APPROACH (P)

23 GDP using the expenditure approach is derived as the sum of all final expenditures,

changes in inventories and exports of goods and services less imports of goods and

services. Volume estimates are derived for each of the components as well as for their

sum.

EXPENDITURE APPROACH (E)

22 GDP using the income approach is derived as the sum of compensation of

employees, gross operating surplus, gross mixed income and taxes less subsidies on

production and imports. Volume estimates are derived at the total GDP level by deflating

current price estimates by the implicit price deflator from the expenditure approach.

INCOME APPROACH (I)

20 Prior to 1994–95, and for quarterly estimates for all years, the estimates using each

approach are based on independent sources, and there are usually differences between

the I, E and P estimates. Nevertheless, for these periods, a single estimate of GDP has

been compiled. In chain volume terms, GDP is derived by averaging the chain volume

estimates obtained from each of the three independent approaches. The current price

estimate of GDP is obtained by reflating the average chain volume estimate by the

implicit price deflator derived from the expenditure-based estimates.

21 As a result of the above methods:

! There is no statistical discrepancy for annual estimates from 1994–95 up to the year

prior to the latest complete financial year, in either current price or volume terms,

except for estimates released in the June quarter where discrepancies will exist for

the latest two complete financial years.

! For years prior to 1994–95, and for all quarters, statistical discrepancies exist

between estimates based on the I, E and P approaches and the single estimate of

GDP, in both current prices and volume terms. These discrepancies are shown in

the relevant tables.

GR O S S DO M E S T I C PR O D U C T

(G D P ) continued



29 In addition to the publications already mentioned, others of interest include:

annual Australian System of National Accounts (cat. no. 5204.0)

annual Australian National Accounts: State Accounts (cat. no. 5220.0)

quarterly Australian National Accounts: Financial Accounts (cat. no. 5232.0)

30 Current publications and other products released by the ABS are freely available

from the ABS website <http://www.abs.gov.au>, the website contains a link to the daily

Release Advice which details products to be released in the weeks (months) ahead. A

National Accounts theme page is available on the website, select: Themes – Economy –

National Accounts. This page provides direct links to all national accounts related data

and publications, recent national accounts changes and forthcoming events, links to

relevant websites and a range of other information about the Australian National

Accounts.

RE L A T E D PU B L I C A T I O N S

28 In interpreting the income accounts it is therefore necessary to regard the interest

flow series as being a flow without a service element – i.e. a pure interest flow. In the

case of loans the interest flow that is shown will be less than the observed interest

payment made to the financial institution. In the case of deposits the interest flow that is

shown will be greater than the observed interest payment made by the financial

institution. For further information users should consult Chapter 22 of the Australian

System of National Accounts: Concepts, Sources and Methods (cat. no. 5216.0).

F I N A N C I A L IN T E R M E D I A T I O N

SE R V I C E S continued



Original. Social Assistance Benefits Payments, Current prices19.

Trend, seasonally adjusted and original.39 Taxes, Current prices18.

Original. State and Local General Government Income Account,Current prices

17.

Original. National General Government Income Account, Currentprices

16.

Trend, seasonally adjusted and original.37, 38 General Government Income Account, Current prices15.

Trend, seasonally adjusted and original.35, 36 Household Income Account, Current prices14.

Trend, seasonally adjusted and original.34 External Account, Current prices13.

Trend, seasonally adjusted and original.33 National Capital Account, Current prices12.

Trend, seasonally adjusted and original.32 National Income Account, Current prices11.

Trend, seasonally adjusted and original.23 Agricultural Income, Current prices10.

Volume and current price data (trend , seasonally adjusted &original).

22 Changes in Inventories9.

Volume and current price data (trend , seasonally adjusted &original).

20, 21 Household Final Consumption Expenditure (HFCE)8.

Trend, seasonally adjusted and original Income from GDP.18, 19, 47 Income from Gross Domestic Product (GDP), Current prices7.

Trend, seasonally adjusted and original data for industry GVAincluding percentage changes (trend & seasonally adjusted), revisionsto percentage changes and contributions to growth (seasonallyadjusted).

14, 15,16, 17, 48

Gross Value Added by Industry, Chain volume measures6.

Seasonally adjusted and percentage changes (seasonally adjusted).12, 13 Expenditure on Gross Domestic Product (GDP), Implicit pricedeflators

5.

Original and percentage changes (original).10, 11 Expenditure on Gross Domestic Product (GDP), Chain priceindexes

4.

Trend, seasonally adjusted and original data for expenditure on GDPincluding revisions (seasonally adjusted).

9, 47 Expenditure on Gross Domestic Product (GDP), Current prices3.

Trend, seasonally adjusted and original data for expenditure on GDPincluding percentage changes, revisions to percentage changes andcontributions to growth.

4, 5, 6, 7,8, 46

Expenditure on Gross Domestic Product (GDP), Chain volumemeasures

2.

Trend, seasonally adjusted and original data for key aggregatesincluding percentage changes and indexes.

1, 2 Key National Accounts Aggregates1.

Type

of

data

Includes

table(s)

from pdf

Electronic table

(time series

spreadsheet)


A P P E N D I X T I M E S E R I E S S P R E A D S H E E T S

Annual indexes. Indexes of Industrial Production, Annual39.

Trend, seasonally adjusted and original indexes. Unit Labour Costs38.

Quarterly indexes. Indexes of Industrial Production37.

Annual current price data. External Account, Current prices, Annual36.

Annual current price data. National Capital Account, Current prices, Annual35.

Annual current price data. National Income Account, Current prices, Annual34.

Annual volume measures.45 Industry Gross Value Added, Chain volume measures, Annual33.

Annual volume and current price data with chain price indexes andIPD's.

42, 43 Expenditure on Gross Domestic Product (GDP), Chain volumemeasures and Current prices, Annual

32.

Annual44 Income from GDP and Changes in Inventories, Annual31.

Annual3 Key Aggregates and analytical series, Annual30.

Trend, seasonally adjusted and original, and revisions to percentagechanges (seasonally adjusted).

State Final Demand, Detailed Components: AustralianCapital Territory

29.


State Final Demand, Detailed Components: Northern Territory28.


State Final Demand, Detailed Components: Tasmania27.


State Final Demand, Detailed Components: WesternAustralia

26.


State Final Demand, Detailed Components: South Australia25.


State Final Demand, Detailed Components: Queensland24.


State Final Demand, Detailed Components: Victoria23.


State Final Demand, Detailed Components: New SouthWales

22.

Trend and seasonally adjusted, all states24, 25,26, 27,28, 29,30, 31

State Final Demand, Summary Components by State: Chainvolume measures

21.

Trend, seasonally adjusted and original.40, 41 Selected Analytical Series20.

Type

of

data

Includes

table(s)

from pdf

Electronic table

(time series

spreadsheet)


A P P E N D I X T I M E S E R I E S S P R E A D S H E E T S continued

The total remuneration, in cash or in kind, payable by an enterprise to an employee inreturn for work done by the employee during the accounting period. It is furtherclassified into two sub-components: wages and salaries; and employers’ socialcontributions. Compensation of employees is not payable in respect of unpaid workundertaken voluntarily, including the work done by members of a household within anunincorporated enterprise owned by the same household. Compensation of employeesexcludes any taxes payable by the employer on the wage and salary bill (e.g. payroll tax).


Obtained after adjusting the increase in book value of inventories by the inventoryvaluation adjustment. The need for an inventory valuation adjustment arises because thechanges in the value of inventories as calculated from existing business accountingrecords do not meet national accounting requirements. For national accountingpurposes, physical changes in inventories should be valued at the prices current at thetimes when the changes occur. The inventory valuation adjustment is the differencebetween the change in (book) value of inventories and the physical changes valued atcurrent prices. The physical changes at average current quarter prices are calculated byapplying average quarterly price indexes to the changes in various categories ofinventories in volume terms.

Changes in inventories held byenterprises and general

government

Annually-reweighted chain Laspeyres volume indexes referenced to the current pricevalues in a chosen reference year (i.e. the year when the quarterly chain volumemeasures sum to the current price annual values). Chain Laspeyres volume measures arecompiled by linking together (compounding) movements in volumes, calculated usingthe average prices of the previous financial year, and applying the compoundedmovements to the current price estimates of the reference year. Quarterly chain volumeestimates are benchmarked to annual chain volume estimates, so that the quarterlyestimates for a financial year sum to the corresponding annual estimate.

Generally, chain volume measures are not additive. In other words, component chainvolume measures do not sum to a total in the way original current price components do.In order to minimize the impact of this property, the ABS uses the latest base year as thereference year. By adopting this approach, additivity exists for the quarters following thereference year and non-additivity is relatively small for the quarters in the reference yearand the quarters immediately preceding it. The latest base year and the reference yearwill be advanced one year with the release of the September quarter issue of thispublication. A change in reference year changes levels but not growth rates, althoughsome revision to recent growth rates can be expected because of the introduction of amore recent base year (and revisions to the current price estimates underlying the chainvolume measures).

Chain volume measures

Annually-reweighted chain Laspeyres price indexes referenced to the same year as thechain volume measures. They can be thought of as a series of indexes measuring pricechange from a base year to quarters in the following year using current price values inthe base year as weights, linked together to form a continuous time series. In otherwords, chain price indexes are constructed in a similar fashion to the chain volumeindexes. Quarterly chain price indexes are benchmarked to annual chain price indexes inthe same way as their chain volume counterparts. Unlike implicit price deflators, chainprice indexes measure only the impact of price change.

Chain price indexes

The amount receivable by the producer from the purchaser for a unit of a good orservice produced as output minus any tax payable, and plus any subsidy receivable, onthat unit as a consequence of its production or sale.

Basic price

Calculated as total compensation of employees divided by the number of wage and salaryearners from the monthly Labour Force Survey.

Average compensation peremployee

The income accruing from agricultural production during the year. It is equal to grossagricultural product at factor cost less consumption of fixed capital, compensation ofemployees, and net rent and interest payments.

Agricultural income


G L O S S A R Y

The ratio of the chain volume estimate of GDP to an estimate of hours worked. Hoursworked estimates are derived as the product of employment and average hours worked.

Gross domestic product perhour worked

The ratio of the chain volume estimate of GDP to an estimate of the resident Australianpopulation. Population estimates use data published in the quarterly publication Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.

GDP per capita

Is the total market value of goods and services produced in Australia within a givenperiod after deducting the cost of goods and services used up in the process ofproduction but before deducting allowances for the consumption of fixed capital. Thusgross domestic product, as here defined, is 'at market prices'. It is equivalent to grossnational expenditure plus exports of goods and services less imports of goods andservices. Farm GDP is that part of gross domestic product which arises from productionin agriculture. It is equivalent to the value added of ANZSIC 06 subdivision 01'Agriculture' plus taxes less subsidies on products primary to this subdivision. Non-farmGDP arises from production in all other industries.

Gross domestic product (GDP)

Gross household income less income tax payable, other current taxes on income, wealthetc., interest on dwellings, consumer debt interest, interest payable by unincorporatedenterprises, rent on natural assets, net non-life insurance premiums, social contributionfor workers' compensation and other current transfers payable by households.

Gross disposable income -households

Gross agricultural product at market prices. It is equivalent to gross value added ofagriculture at basic prices plus taxes less subsidies on products.

Farm GDP

See Imports to domestic sales ratio.Domestic sales

Estimates are valued at the prices of the period to which the observation relates. Forexample, estimates for 2007-08 are valued using 2007-08 prices. This contrasts to chainvolume measures where the prices used in valuation refer to the prices of a previousperiod.

Current prices

Includes such assets as orchard growth and livestock. The definition of orchard growth isany plant that can produce a marketable quantity of fruit for more than one year in whichthe grower intends to obtain a future benefit from the sale of the fruits borne. It caninclude trees, vines, bushes and shrubs. The costs to be capitalised as part of the value offruit and nut bearing plants are the establishment costs involved in planting the newnursery plant and then maintenance costs associated with making the plant grow.Livestock assets are classified as either fixed assets or inventories. Those livestock whichare used in production of other products (e.g. breeding stock, animals forentertainment, sheep for wool and dairy cattle) are fixed assets. Inventories cover allother livestock types and includes those animals raised for meat or other one-offproducts (e.g. leather).

Cultivated BiologicalResources

whereA(t) - value of aggregate A in quarter under considerationA(t-1) - value of aggregate A in previous quarterGDP(t-1) - value of GDP in previous quarter

Note that the contributions to growth of the components of GDP do not always addexactly to the growth in GDP. This can happen as a result of rounding and the lack ofadditivity of the chain volume estimates prior to the latest complete financial year.

A(t) − A(t − 1)GDP(t − 1) % 100

Calculated as:Contributions to growth inGDP

The reduction in the value of fixed assets used in production during the accountingperiod resulting from physical deterioration, normal obsolescence or normal accidentaldamage. Unforeseen obsolescence, major catastrophes and the depletion of naturalresources are not taken into account.

Consumption of fixed capital


G L O S S A R Y continued

The hours worked by all labour engaged in the production of goods and services,including hours worked by civilian wage and salary earners, employers, self-employedpersons, persons working one hour or more without pay in a family business or on afarm, and members of the Australian defence forces.

Hours worked

The value of output at basic prices minus the value of intermediate consumption atpurchasers' prices. The term is used to describe gross product by industry and by sector.Basic prices valuation of output removes the distortion caused by variations in theincidence of commodity taxes and subsidies across the output of individual industries.

Gross value added

The operating surplus accruing to all enterprises, except unincorporated enterprises,from their operations in Australia. It is the excess of gross output over the sum ofintermediate consumption, compensation of employees, and taxes less subsidies onproduction and imports. It is calculated before deduction of consumption of fixedcapital, dividends, interest, royalties and land rent, and direct taxes payable, but afterdeducting the inventory valuation adjustment. Gross operating surplus is also calculatedfor general government and it equals general government's consumption of fixed capital.


The aggregate value of gross primary incomes for all institutional sectors, including netprimary income receivable from non-residents. GNI was formerly called gross nationalproduct (GNP).

Gross national income (GNI)

The surplus or deficit accruing from production by unincorporated enterprises. Itincludes elements of both compensation of employees (returns on labour inputs) andoperating surplus (returns on capital inputs).

Gross mixed income ofunincorporated enterprises

Expenditure on new fixed assets plus net expenditure on second-hand fixed assets andincluding both additions and replacements. Also included is compensation of employeesand other costs paid by public corporations in connection with capital works undertakenon own account.

Gross fixed capital formation -public corporations

Expenditure on fixed assets broken down into dwellings, non-dwelling construction,machinery and equipment, cultivated biological assets, intellectual property productsand ownership transfer costs. The machinery and equipment category includes plant,machinery, equipment, vehicles, etc. Expenditure on repair and maintenance of fixedassets is excluded, being chargeable to the production account. Additions to fixed assetsare regarded as capital formation. Also included is compensation of employees and othercosts paid by private enterprise in connection with own-account capital formation.Expenditure on dwellings, non-dwelling construction, and machinery and equipment ismeasured as expenditure on new and second-hand assets, less sales of existing assets.Cultivated biological assets includes livestock and orchard growth. Along with Computersoftware, Mineral and petroleum exploration and Artistic originals, Research anddevelopment is now included in the intellectual property products asset type. Ownershiptransfer costs comprise of stamp duty, real estate agents' fees and sales commissions,conveyancing fees and miscellaneous government charges.

Gross fixed capital formation -private

Expenditure on new fixed assets plus net expenditure on second-hand fixed assetswhether for additions or replacements including defence weapons platforms that havean anticipated ongoing use (greater than one year). Expenditure on new roadworks (orupgrading existing roads) is included but expenditure on road repair and maintenance isclassified as government final consumption expenditure.

Gross fixed capital formation -general government

Movements in chain volume estimates of GDP per hour worked are commonlyinterpreted as changes in labour productivity. However, it should be noted that thesemeasures reflect not only the contribution of labour to changes in production per hourworked, but also the contribution of capital and other factors (such as managerialefficiency, economies of scale, etc.).

Gross domestic product perhour worked continued



Defined as:! non-dwelling construction

Private business investment

Gross domestic product less farm GDP.Non-farm GDP

The excess of net acquisition of financial assets in the rest of the world by residentinstitutional units over their net incurrence of liabilities in the rest of the world.

Net lending to non-residents

Calculated as GDP less consumption of fixed capital.Net domestic product

The ratio of national net saving to national net disposable income. National net saving iscalculated as national net disposable income less final consumption expenditure.National net disposable income is calculated as national gross disposable income lessconsumption of fixed capital.

National saving ratio

Calculated as the sum of the net saving of each of the resident sectors - households(includes unincorporated enterprises and private non-profit institutions servinghouseholds), non-financial corporations, financial corporations and general government.Also referred to as net saving.

National saving

With the introduction of ANZSIC06, the definition of those industries that constitute the'market' sector' has also changed. It is now defined to include all industries except forPublic administration and safety (O); Education and training (P); and Health care andsocial assistance (Q). The chain volume measure of the production of a group ofindustries referred to as the market sector is defined to be the chain volume estimate ofindustry gross value added of all industries less Divisions O, P and Q, less Ownership ofdwellings, plus taxes less subsidies on products attributable to the market sectorindustries.

Market sector

See Gross domestic product per hour worked.Labour productivity

Includes such assets as computer software, research and development, entertainment,literary or artistic originals, and mineral exploration intended to be used for more than ayear.

Intellectual property products

The numerator - imports - refers to imports of merchandise goods. The denominator -domestic sales - is defined as:! household final consumption expenditure on goods! plus private gross fixed capital formation: dwellings, non-dwelling construction, and

machinery and equipment! plus public gross fixed capital formation: dwellings, non-dwelling construction, and

machinery and equipment.

This ratio is calculated using current price estimates.

Imports to domestic sales ratio

Obtained by dividing a current price value by its real counterpart (the chain volumemeasure). When calculated from the major national accounting aggregates, such as grossdomestic product, implicit price deflators relate to a broader range of goods and servicesin the economy than that represented by any of the individual price indexes that arepublished by the ABS. Whereas the chain price indexes are chain Laspeyres indexes, theannual implicit price deflators are chain Paasche price indexes, i.e. each year-to-yearmovement is calculated using the current price value shares of the second of the twoyears to weight together the elemental price indexes.

Movements in implicit price deflators can be greatly affected by changes in the physicalcomposition of the aggregates and their components. For this reason, quarterly implicitprice deflators derived from seasonally adjusted or trend data are preferred to thosederived using original data.

Implicit price deflator

The ratio of household net saving to household net disposable income. Household netsaving is calculated as household net disposable income less household finalconsumption expenditure. Household net disposable income is calculated as householdgross disposable income less household consumption of fixed capital.

Household saving ratio



Subsidies payable per unit of a good or service. The subsidy may be a specific amount ofmoney per unit of quantity of a good or service, or it may be calculated ad valorem as aspecified percentage of the price per unit. A subsidy may also be calculated as thedifference between a specified target price and the market price actually paid by apurchaser. A subsidy on a product usually becomes payable when the product isproduced, sold or imported, but it may also become payable in other circumstances,

Subsidies on products

Calculated as the differences between aggregate incomes, expenditures, or industryproducts respectively and the single measure of GDP. For years in which a balancedsupply and use table is available to benchmark the national accounts, the same measureof GDP is obtained.

Statistical discrepancy (I), (E)and (P)

Calculated by:! taking real gross domestic income! deducting real incomes payable to the rest of the world! adding real incomes receivable from the rest of the world! deducting the volume measure of consumption of fixed capital.

Real incomes payable and receivable are calculated by dividing the nominal income flowsby the implicit price deflator for gross national expenditure. In the derivation of theaggregate all of the adjustments are made using the chain volume aggregation methodused to derive all of the ABS chain volume estimates.

Real net national disposableincome

Calculated by:! taking the volume measure of gross national expenditure (GNE)! adding exports of goods and services at current prices deflated by the implicit price

deflator for imports of goods and services! deducting the volume measure of imports of goods and services! adding the current price statistical discrepancy for GDP(E) deflated by the implicit

price deflator for GDP.

In the derivation of the aggregate all of the adjustments are made using the chainvolume aggregation method used to derive all of the ABS chain volume estimates.

Real gross domestic income

Calculated by adjusting real gross domestic income for the real impact of primary incomeflows (property income and labour income) to and from overseas.

Real gross national income

The amount paid by the purchaser, excluding any deductible tax, in order to takedelivery of a unit of a good or service at the time and place required by the purchaser.The purchaser’s price of a good includes any transport charges paid separately by thepurchaser to take delivery at the required time and place.

Purchasers' price

The denominator - total sales - is defined as:! household final consumption expenditure on goods! plus private gross fixed capital formation: dwellings, non-dwelling construction, and

machinery and equipment! plus public gross fixed capital formation: dwellings, non-dwelling construction, and

machinery and equipment! plus exports of goods.

This ratio is calculated using current price estimates.

Private non-farm inventories tototal sales ratio

! plus machinery and equipment! plus cultivated biological resources! plus intellectual property products.

Second hand asset sales by the public sector to private corporations are included inprivate business investment in the components non-dwelling construction andmachinery and equipment. As the public sector also sells secondhand assets to thehousehold sector and to the external sector, not all secondhand asset sales by the publicsector will be included in private business investment.

Private business investmentcontinued



Consist of amounts payable in cash including the value of any social contributions,income taxes, fringe benefits tax, etc., payable by the employee even if they are actuallywithheld by the employer for administrative convenience or other reasons and paiddirectly to social insurance schemes, tax authorities, etc., on behalf of the employee.Wages and salaries may be paid as remuneration in kind instead of, or in addition to,remuneration in cash. Separation, termination and redundancy payments are alsoincluded in wages and salaries. Wages and salaries are also measured as far as possible onan accrual rather than a strict cash basis. See also Employers’ social contributions;Compensation of employees.

Wages and salaries

See Private non-farm inventories to total sales ratio.Total sales

Calculated by dividing the export implicit price deflator by the import implicit pricedeflator and multiplying by 100.

Terms of trade

Taxes payable per unit of some good or service. The tax may be a specific amount ofmoney per unit of quantity of a good or service (quantity being measured either in termsof discrete units or continuous physical variables such as volume, weight, strength,distance, time, etc.), or it may be calculated ad valorem as a specified percentage of theprice per unit or value of the goods or services transacted. A tax on a product usuallybecomes payable when the product is produced, sold or imported, but it may alsobecome payable in other circumstances, such as when a good is exported, leased,transferred, delivered, or used for own consumption or own capital formation.

Taxes on products

such as when a product is exported, leased, transferred, delivered or used for ownconsumption or own capital formation.

Subsidies on productscontinued



www.abs.gov.auWEB ADDRESS

All statistics on the ABS website can be downloaded freeof charge.

F R E E A C C E S S T O S T A T I S T I C S

Client Services, ABS, GPO Box 796, Sydney NSW 2001POST

1300 135 211FAX

[email protected]

1300 135 070PHONE

Our consultants can help you access the full range ofinformation published by the ABS that is available free ofcharge from our website. Information tailored to yourneeds can also be requested as a 'user pays' service.Specialists are on hand to help you with analytical ormethodological advice.

I N F O R M A T I O N A N D R E F E R R A L S E R V I C E

www.abs.gov.au the ABS website is the best place fordata from our publications and information about the ABS.

INTERNET

F O R M O R E I N F O R M A T I O N . . .

© Commonwealth of Australia 2011Produced by the Australian Bureau of Statistics

52

06

.0

•

AU

ST

RA

LI

AN

N

AT

IO

NA

L A

CC

OU

NT

S:

NA

TI

ON

AL

INC

OM

E,

EX

PE

ND

IT

UR

E A

ND

P

RO

DU

CT

•

Ju

ne

Qu

ar

te

r 2

01

1

5206.0 australian national accounts: national income ... · accounts: national income, expenditure...

Documents