5206.0 australian national accounts: national income ... · gross domestic product 0.2 2.2 0.2...

3.20.8Seasonally adjusted

3.30.9Trend

Real net national disposable income


Terms of trade

1.41.2Original

GDP chain price index

–2.5–2.7Seasonally adjusted

–2.4–0.8Trend

Gross fixed capital formation (Chain volume measure)


3.00.6Trend

Final consumption expenditure (Chain volume measure)

1.8–0.5Seasonally adjusted

2.20.2Trend

GDP (Chain volume measure)

% change% change

Sep Qtr 2015 toSep Qtr 2016

Jun Qtr 2016 toSep Qtr 2016

K E Y F I G U R E S

G D P S U M M A R Y

The Australian economy declined by 0.5% in seasonally adjusted chain volume terms in

the September quarter.

New private capital formation detracted 0.6 percentage points and net exports detracted

0.2 percentage points from growth.

Household final consumption expenditure grew by 0.4% for the quarter.

Compensation of employees increased 1.3% to be 3.1% higher through the year.

The Terms of trade increased by 4.5%.

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 D E C 2 0 1 6

AUSTRALIAN NATIONALACCOUNTS: NATIONAL INCOME,EXPENDITURE AND PRODUCT

5206.0S E P T E M B E R Q U A R T E R 2 0 1 6

For further informationabout these and relatedstatistics, contact theNational Information andReferral Service on1300 135 070 orNational Accounts by email<[email protected]>.

GDP growth ratesVolume measures, quarterly change

Sep2010

Sep2012

Sep2014

Sep2016

%

–1.5

–1.0

–0.5

0

0.5

1.0

1.5

2.0TrendSeas. adj.

Notes: Volume measures, contributionsto quarterly growth.

Contribution to GDP growthSeasonally adjusted

GFCEHFCE

GFCF-PrivGFCF-PubInventories

ExportsImports

GDP

–1.0 –0.5 0 0.5 1.0% points

I N Q U I R I E S

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

6 December 2017September 2017

6 September 2017June 2017

7 June 2017March 2017

1 March 2017December 2016

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

Da v i d W . Ka l i s c h

Au s t r a l i a n S t a t i s t i c i a n

The ABS Privacy Policy outlines how the ABS will handle any personal information that

you provide to the ABS.

PR I V A C Y

This issue includes changes to the commentary. A new 'Analysis' section has been

incorporated and will focus on the key areas each quarter. This replaces the former

'Analysis and comments' section.

OT H E R CH A N G E S IN TH I S

IS S U E

The estimates in this issue incorporate the 2014–15 annual supply and use tables. For

information on the role of supply and use tables in the national accounts and the major

revisions please see the 'Analysis of Results' section in Australian System of National

Accounts (cat. no. 5204.0).

This publication also includes the impact of re–referencing Chain Volume (CVM)

estimates to the 2014–15 financial year. This in isolation will only affect levels of CVM

estimates, generally leaving growth rates unchanged. Re–referencing can have an impact

on CVM GDP growth (and other estimates) for the latest financial year (2015–16) if there

are significant relative price changes between 2013–14 and 2014–15.

There are also revisions in this issue due to the incorporation of more up–to–date data

and concurrent seasonal adjustment.

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

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 • SE P 2 0 1 6

N O T E S

74Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .71Appendix: Time series spreadsheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .66Explanatory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

63Revisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .59Annual data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57Selected analytical series . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .54General government income account . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52Household income account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49National income, capital and external accounts . . . . . . . . . . . . . . . . . . . . . . .41Components of state final demand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39Changes in inventories and agricultural income . . . . . . . . . . . . . . . . . . . . . . .37Household final consumption expenditure . . . . . . . . . . . . . . . . . . . . . . . . . .35Income from GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31Industry gross value added . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21Expenditure on GDP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18Key national accounts aggregates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

TA B L E S

15List of tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14Recent and upcoming releases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8Main features: State final demand chain volume measures . . . . . . . . . . . . . . . . .7Main features: Income at current prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6Main 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 • SE P 2 0 1 6 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

Household final consumption expenditure increased 0.4% in seasonally adjusted

terms. This was driven by a rise in Hotels, cafes and restaurants (2.2%) and

Insurance and other financial services (1.3%). Government final consumption

expenditure decreased 0.2% in seasonally adjusted terms.

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 decreased 2.7% in seasonally adjusted terms. Public

investment decreased 10.4% during the quarter partly due to transfers of assets from

the private sector last quarter. State and local general government (–13.0%) and

Total national general government (–16.8%) drove the decline. Private investment

decreased 0.8% and was driven by a decrease in Dwellings (–1.4%), Ownership

transfer costs (–4.9%) and Non–dwelling construction (–1.3%). Total gross fixed

capital formation detracted 0.7 percentage points from GDP during the quarter.

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

Total inventories increased $1,053m in seasonally adjusted terms following an

increase of $435m last quarter. The change in inventories contributed

0.1 percentage points to GDP during the quarter. This increase was driven by rises in

Wholesale trade and Retail trade inventories.

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 0.3% in seasonally adjusted terms.

Seasonally adjusted Exports of goods fell 0.3%, with Non–rural exports down 1.2%.

Non–monetary gold up 7.4% and Rural exports up 1.0%. Exports of services rose

2.4%.

Su m m a r y Co m m e n t sSE P T E M B E R QU A R T E R

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

–0.51.8–0.50.22.20.2Gross domestic product0.1nana–0.1nanaStatistical discrepancy (E)

–0.32.31.3–0.21.11.2Imports of goods and services0.16.00.30.27.31.2Exports of goods and services

–0.31.8–0.30.31.70.3Gross national expenditure0.1nananananaChanges in inventories

–0.510.7–10.40.110.21.5Public

—3.72.0—3.11.2Intellectual property products—29.77.6—29.99.1Cultivated biological resources—5.70.5—3.21.0Machinery and equipment

–0.1–23.5–1.3–0.4–23.0–6.5Non–dwelling construction–0.1–7.6–4.9—–8.4–2.4Ownership transfer costs–0.17.2–1.40.19.11.1Dwellings

PrivateGross fixed capital formation

0.32.50.40.32.60.5Households—3.9–0.20.14.10.8General government

Final consumption expenditure

% points

contributions

to growth in

GDP Jun 16

to Sep 16

% change

Sep 15

to Sep 16

% change

Jun 16

to Sep 16

% points

contributions

to growth in

GDP Jun 16

to Sep 16

% change

Sep 15

to Sep 16

% change

Jun 16

to Sep 16

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

Imports of goods and services rose 1.3% in seasonally adjusted terms. Seasonally

adjusted Imports of goods rose 0.8% with rises in Capital goods (3.5%),

Intermediate goods (1.7%) and Non–monetary gold (22.5%). Consumption goods

fell (–3.3%). Imports of Services were up 3.3%.


AG R I C U L T U R E , FO R E S T R Y AN D F I S H I N G

The seasonally adjusted estimate rose 7.5%. The increase was primarily driven by

rises in grains, cotton and livestock production. Decreases in area planted, increased

rainfall and decreased input costs also contributed to the rise.

MI N I N G

The seasonally adjusted estimate fell 0.8%. The decline was driven by Exploration

and mining support services (–7.2%), Other mining (–3.1%), Oil and gas extraction

(–1.3%), and Coal mining (–0.5%). A rise in Iron ore mining (1.2%) partially offset

the falls.

CO N S T R U C T I O N

The seasonally adjusted estimate fell 3.6% driven by falls in all subdivisions, this is in

line with the reduced growth observed in private and public investment.

RE T A I L TR A D E

The seasonally adjusted estimate fell 0.8% driven by a fall in Food retailing. This is

the first decline for the industry since June quarter 2013.

I N F O R M A T I O N ME D I A AN D TE L E C O M M U N I C A T I O N S

The seasonally adjusted estimate rose 1.6% driven by rises in telecommunications

and internet services.

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

The seasonally adjusted estimate fell 2.4% driven by Property operators and real

estate services.


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

–0.51.8–0.50.22.20.2Gross domestic product–0.3nana–0.1nanaStatistical discrepancy (P)–0.13.2–0.9—4.20.6Taxes less subsidies on products

—2.20.5—2.20.5Ownership of dwellings–0.1–3.5–4.6—–2.6–1.3Other services

—2.2——2.3–0.1Arts and recreation services—3.50.60.13.91.1Health care and social assistance—2.30.3—2.30.5Education and training—4.40.1—4.20.3Public administration and safety—–1.4–1.4—–1.00.1Administrative and support services—3.40.60.13.11.6Professional, scientific and technical services

–0.13.1–2.4—4.60.4Rental, hiring and real estate services0.15.10.70.15.21.1Financial and insurance services—4.81.6—3.70.6Information media and telecommunications—0.20.5—–0.10.3Transport, postal and warehousing—2.21.0—2.71.2Accommodation and food services—0.9–0.8—1.3–0.1Retail trade—3.80.8—3.61.2Wholesale trade

–0.3–3.8–3.6–0.1–2.3–1.8Construction—–0.1–0.6—–0.1–0.4Electricity, gas, water and waste services—–2.4–0.1—–2.00.1Manufacturing

–0.12.1–0.8—3.6–0.7Mining0.22.67.5—–0.52.2Agriculture, forestry and fishing

% points

contributions

to growth in

GDP Jun 16

to Sep 16

% change

Sep 15 to

Sep 16

% change

Jun 16

to Sep 16

% points

contributions

to growth in

GDP Jun 16

to Sep 16

% change

Sep 15 to

Sep 16

% change

Jun 16

to Sep 16



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

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

Seasonally adjusted COE increased 1.3%, reflecting an increase of 0.8% in average

earnings per employee.

Private sector COE rose 1.3% driven by Construction, Financial and insurance

services and Retail trade.

Public sector COE rose 1.2%.

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

Total seasonally adjusted GOS increased 1.1% for the September quarter. Seasonally

adjusted Total corporations GOS increased 1.0%. Private non–financial corporations

was the main contributor to the increase in GOS, recording an increase of 1.2%,

followed by Dwellings owned by persons increasing 1.2% and Financial corporations

increasing by 1.6%.


(a) Includes Public non–financial corporations, Financial corporations,General government and Dwellings owned by persons.

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

0.53.00.50.93.30.9Gross domestic product0.3nana0.3nanaStatistical discrepancy (I)

–0.21.1–1.5—2.80.2Taxes less subsidies on production and imports–0.5–0.1–5.8—4.00.4Gross mixed income

0.24.40.90.24.21.0Other(a)0.2–1.01.20.1–1.70.4Private non–financial corporations

Gross operating surplus0.63.11.30.43.00.7Compensation of employees

% points

contributions

to growth in

GDP Jun 16

to Sep 16

% change

Sep 15 to

Sep 16

% change

Jun 16

to Sep 16

% points

contributions

to growth in

GDP Jun 16

to Sep 16

% change

Sep 15 to

Sep 16

% change

Jun 16

to Sep 16



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

NE W SO U T H WA L E S

New South Wales State final demand increased 0.1% in the September quarter and

follows a 1.6% increase in the June quarter. Private gross fixed capital formation was

the main contributor to growth and was driven by increases in Machinery and

equipment and New and used dwellings. Government final consumption

expenditure also contributed to the rise, driven by State and local, and Household

final consumption expenditure. Offsetting these movements was a fall in Public

gross fixed capital formation which was due to a fall in General government.

V I C T O R I A

Victoria State final demand decreased 0.4% in the September quarter and follows a

1.3% increase in the June quarter. Public gross fixed capital formation was the main

detractor from growth and was driven by State and local general government. Also

contributing to the fall was Government final consumption expenditure driven by a

fall in both National and State and local. Offsetting the fall was an increase in

Household final consumption expenditure.

QU E E N S L A N D

Queensland State final demand increased 0.1% in the September quarter following a

0.7% increase in the June quarter. Household final consumption expenditure and

Private gross fixed capital formation were the largest contributors to growth. The

increase in Private gross fixed capital formation was driven by a rise in New

engineering construction and New and used dwellings. Offsetting these movements

was a decrease in Public gross fixed capital formation with falls across both Public

corporations and General government.

SO U T H AU S T R A L I A

South Australia State final demand increased 0.1% in the September quarter

following a 0.8% increase in the June quarter. Household final consumption was the

main contributor to growth. Offsetting this rise was the continued fall in Private

gross fixed capital formation while Public gross fixed capital formation and

Government final consumption expenditure also decreased. Decreases in

Non–dwelling construction, Ownership transfer costs and Total dwellings drove the

fall in Private gross fixed capital formation.


(a) Australia estimates relate to Domestic final demand.

–0.5–1.34.7–0.3–3.80.10.1–0.40.1State final demand

–10.4–10.819.0–12.0–20.0–1.0–15.4–17.8–0.9Public–0.82.410.01.0–11.7–1.42.11.90.4Private

Gross fixed capital formation

0.40.3–0.10.40.70.61.00.30.1Households–0.2–1.22.6–0.70.8–0.1–0.5–0.80.2General government

Final consumptionexpenditure

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

% change

Jun 16 to

Sep 16

Australia(a)

Australian

Capital

Territory

Northern

TerritoryTasmania

Western

Australia

South

AustraliaQueenslandVictoria

New

South

Wales

SEASONALLY ADJUSTED


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

WE S T E R N AU S T R A L I A

Western Australia State final demand decreased 3.8% in the September quarter and

follows a 2.7% fall in the June quarter. Private gross fixed capital formation continues

to be the largest detractor from growth driven by falls in Total dwellings,

Non–dwelling construction and Machinery and equipment. Public gross fixed capital

formation also decreased this quarter with falls across both Public corporations and

General government. Offsetting this was a rise in Household final consumption

expenditure.

TA S M A N I A

Tasmania State final demand decreased 0.3% in the September quarter following a

1.1% rise in the June quarter. Public gross fixed capital formation was the largest

detractor from growth, driven by a fall in General government. Government final

consumption expenditure also detracted from growth, with decreases in both

National and State and local. Offsetting these falls was a rise in Household final

consumption expenditure.

NO R T H E R N TE R R I T O R Y

Northern Territory State final demand increased 4.7% in the September quarter

following a 2.1% increase in the June quarter. Private gross fixed capital formation

was the largest contributor to growth and was driven by a rise in Non–dwelling

construction. Public gross fixed capital formation also increased, driven by a rise in

General government, as did Government final consumption expenditure, driven by

both National and State and local.

AU S T R A L I A N CA P I T A L T E R R I T O R Y

Australian Capital Territory State final demand decreased 1.3% in the September

quarter, following a 4.2% increase in the June quarter. Public gross fixed capital

formation and Government final consumption expenditure were the largest

detractors from growth. The decrease in Public gross fixed capital formation is

driven by a fall in General government, while the fall in Government final

consumption expenditure is driven by a fall in National and State and local.

Offsetting these movements was an increase in Private gross fixed capital formation

driven by a rise in Non–dwelling construction.


DWELL ING INVESTMENT, Volume measures : Seasona l l y ad jus ted

Dwelling investment fell 1.4% in the September quarter 2016 driven by New and Used

Dwellings (down 1.6%) and Alterations and Additions (down 1.0%). The decline this

quarter can be partly attributed to high rainfall levels. Through the year growth

was still high at 7.2% and Private sector residential building approvals were more than

$20.4b in original current price terms for the quarter, 9.4% higher than September

quarter 2015 (Building Approvals, Australia (cat. no. 8731.0)).

DW E L L I N G IN V E S T M E N T

FA L L S 1 . 4 %

GROSS DOMESTIC PRODUCT, Volume measures : Seasona l l y ad jus ted

Australian Gross Domestic Product decreased by 0.5% in the September quarter 2016.

This was the first fall since the Queensland floods affected GDP in the March quarter

2011. Through the year growth remains positive at 1.8%, reflecting the three previous

quarters of growth.

AU S T R A L I A N EC O N O M Y

CO N T R A C T S BY 0 . 5 %

All percentage movements are in chain volume seasonally adjusted terms unless

otherwise specified.

NO T E


A N A L Y S I S

MINING AND NON-MINING INVESTMENT, Cur ren t p r i ces :Seasona l l y ad jus ted

In current price seasonally adjusted terms Mining investment fell for the twelfth

consecutive quarter (down 10.6%) while Non–mining investment rose by 4.8%. This

continues the trend seen since the March quarter 2014 with Non–mining investment's

contribution to total GDP outweighing the contribution from mining investment.

At its peak in December quarter 2012, Mining investment contributed 9.4% to total GDP.This has now fallen to 3.4%, while Non–mining investment’s contribution has risen from

7.5% in December quarter 2012 to 9.0% this quarter. The fall in Mining investment is

closely aligned to the decline in New engineering construction.

MI N I N G IN V E S T M E N T

CO N T I N U E S TO FA L L

NEW BUILD ING INVESTMENT, Volume measures : Seasona l l y ad jus ted

New building investment exhibited its strongest quarterly fall since September 2009 this

quarter (falling 11.5%). The finalisation of construction projects as well as less

construction work coming online drove this decrease.

NE W BU I L D I N G

IN V E S T M E N T

EX P E R I E N C E S ST E E P

QU A R T E R L Y FA L L


A N A L Y S I S continued

REAL NET NAT IONAL D ISPOSABLE INCOME, Volume measures :Seasona l l y ad jus ted

Real net national disposable income rose 0.8% in the September quarter 2016, up from a

0.5% rise in June quarter 2016. This continued growth is largely due to a 4.5% increase in

Terms of trade. The Terms of trade experienced its first consecutive quarterly increase

since September quarter 2011.

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

GR O W S 0 . 8 %

CONSTRUCT ION GROSS VALUE ADDED, Volume measures :Seasona l l y ad jus ted

Construction industry value added fell 3.6% during the September quarter 2016. This

decline was driven by weakness in all three subdivisions (Building construction, Heavy

and civil engineering construction and Construction services) with poor weather

conditions and high rainfall contributing to delays in project work. The 3.8% through

the year decline in construction output can be attributed to the transition from Mining

investment to Mining production in the Australian economy.

CO N S T R U C T I O N OU T P U T

DE C L I N E S



HOUSEHOLD SAV ING RAT IO : Seasona l l y ad jus ted

The Household saving ratio was 6.3% in seasonally adjusted terms in September quarter

2016, down from the 6.7% figure recorded last quarter. This decline was driven by a

reduction in small business profits (Gross mixed income down 5.8%). The result

occurred despite growth in wages and below trend growth in Household consumption.

RE D U C T I O N IN GR O S S

MI X E D IN C O M E

MO D E R A T E S TH E

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

RA T I O

COMPENSAT ION OF EMPLOYEES, Cur ren t p r i ces :Seasona l l y ad jus ted

In current price seasonally adjusted terms, Compensation of employees rose by 1.3% this

quarter, driven by the private sector. Total hours worked this quarter were up 0.5%

(Labour Force, Australia (cat. no. 6202.0)) on the June quarter estimate while the total

number of employees, including defence increased 0.4%. Average compensation per

employee increased by 0.8% indicating that the increase in Compensation of employees

was driven by additional hiring of employees and increased hours worked rather than

wage increases.

CO M P E N S A T I O N OF

EM P L O Y E E S R I S E S 1 . 3 %



The 2013–14 issue of Australian National Accounts: Input–Output Tables was released

on 29 June 2016. This product presents information on input by industry and output by

product group, use of domestic production and imports by industry and final demand

categories, taxes and margins on supply by product, and industry and product

concordances.

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

AC C O U N T S :

IN P U T – O U T P U T TA B L E S –

EL 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 )

The 2013–14 issue of Australian National Accounts: Input–Output Tables (Product

Details) was released on 18 November 2016. This publication presents information on

supply and use by detailed product item based on the Input–Output Product

Classification (IOPC). The publication comprises a list of IOPC product items and shows

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

taxes less subsidies on products in 2013–14.


AC C O U N T S :

IN P U T – O U T P U T TA B L E S –

PR O D U C T DE T A I L S (C A T .

NO . 52 1 5 . 0 . 5 5 . 0 0 1 )

The September quarter 2016 issue of Australian National Accounts: Finance and

Wealth will be released on 15 December 2016. This publication 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 sub–sectors at the end of each quarter.

Other key estimates within the publication include the demand for credit by

non–financial domestic institutional sectors during the quarter, and their corresponding

levels of credit outstanding.


AC C O U N T S : F I N A N C E AN D

WE A L T H (C A T . NO .

52 3 2 . 0 )

The 2015–16 issue of the Australian National Accounts: State Accounts was released on

18 November 2016. This publication 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 2015–16 issue of the Australian System of National Accounts was released on

28 October 2016. This publication 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 non–financial 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 )

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

40Agricultural income, Current prices: Trend and seasonally adjusted23 . . . . . .39

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

38

Household final consumption expenditure, Chain volume measures:

Seasonally adjusted

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

37

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

36Income from GDP, Current prices: Seasonally adjusted19 . . . . . . . . . . . . . .35Income from GDP, Current prices: Trend18 . . . . . . . . . . . . . . . . . . . . . .

I N C O M E FR O M GD P

34

Industry gross value added, Chain volume measures, Percentage

changes: Seasonally adjusted

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

33

Industry gross value added, Chain volume measures: Seasonally

adjusted

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

32

Industry gross value added, Chain volume measures, Percentage

changes: Trend

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

31Industry 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

30

Expenditure on GDP, Implicit price deflators, Percentage changes:

Seasonally adjusted

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

29Expenditure on GDP, Implicit price deflators: Seasonally adjusted12 . . . . . . .28

Expenditure on GDP, Chain price indexes, Percentage changes:

Original

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

27Expenditure on GDP, Chain price indexes: Original10 . . . . . . . . . . . . . . . .26Expenditure on GDP, Current prices: Seasonally adjusted9 . . . . . . . . . . . .25

Expenditure on GDP, Chain volume measures, Contributions to

growth: Seasonally adjusted

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

24

Expenditure on GDP, Chain volume measures, Percentage changes:

Seasonally adjusted

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

23Expenditure on GDP, Chain volume measures: Seasonally adjusted6 . . . . . .22

Expenditure on GDP, Chain volume measures, Percentage changes:

Trend

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

21Expenditure on GDP, Chain volume measures: Trend4 . . . . . . . . . . . . . .EX P E N D I T U R E ON GD P

20Key national accounts aggregates: Annual3 . . . . . . . . . . . . . . . . . . . . . .19Key national accounts aggregates: Seasonally adjusted2 . . . . . . . . . . . . . .18Key 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

65

Industry gross value added, Chain volume measures, Revisions to

percentage changes: Seasonally adjusted

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

64

Gross domestic product account, Current prices, Revisions: Seasonally

adjusted

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

63

Expenditure on GDP, Chain volume measures, Revisions to percentage

changes: Seasonally adjusted

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

RE V I S I O N S

62Industry gross value added, Chain volume measures: Annual45 . . . . . . . . . .61Income from GDP, Current prices: Annual44 . . . . . . . . . . . . . . . . . . . . . .60Expenditure on GDP, Current prices: Annual43 . . . . . . . . . . . . . . . . . . . .59Expenditure on GDP, Chain volume measures: Annual42 . . . . . . . . . . . . . .

AN N U A L DA T A

58Selected analytical series: Seasonally adjusted41 . . . . . . . . . . . . . . . . . . . .57Selected analytical series: Trend40 . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

56Taxes, Current prices: Trend and seasonally adjusted39 . . . . . . . . . . . . . . .55

General government income account, Current prices: Seasonally

adjusted

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

54General 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

53Household income account, Current prices: Seasonally adjusted36 . . . . . . . .52Household income account, Current prices: Trend35 . . . . . . . . . . . . . . . .

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

51External accounts, Current prices: Trend and seasonally adjusted34 . . . . . . .50National capital account, Current prices: Trend and seasonally adjusted33 . . . .49

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

48

State final demand, Chain volume measures: Australian Capital

Territory

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

47State final demand, Chain volume measures: Northern Territory30 . . . . . . . .46State final demand, Chain volume measures: Tasmania29 . . . . . . . . . . . . . .45State final demand, Chain volume measures: Western Australia28 . . . . . . . . .44State final demand, Chain volume measures: South Australia27 . . . . . . . . . .43State final demand, Chain volume measures: Queensland26 . . . . . . . . . . . .42State final demand, Chain volume measures: Victoria25 . . . . . . . . . . . . . . .41State 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 2014–15 = 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

2014–15.

. .92.690.288.889.091.995.698.9101.8Terms of tradePrices

. .100.4100.7100.9101.3101.4100.499.6100.0Real unit labour costs - non-farm

. .99.9100.4100.5101.4101.0100.299.6100.1Real unit labour costs

. .102.2101.7101.2100.8100.6100.6100.299.7Gross value added per hour worked market sector(d)

. .101.9101.6101.1100.4100.0100.0100.1100.1GDP per hour worked

. .100.6100.9101.1101.0100.7100.3100.199.9Hours worked market sector(d)

. .101.7101.9101.9101.8101.5100.9100.299.6Hours workedProductivity

I N D E X E S (e)

. .6.56.56.56.77.07.47.98.2Household saving ratio

. .12 71612 85113 10313 45915 04718 11721 36723 817National net saving ($m)

. .415 032411 379407 491403 485400 537398 965397 375395 063Gross national income ($m)

. .17 46017 35717 26117 17717 13817 13017 10317 061GDP per capita(c) ($)

. .422 687418 729414 907411 410409 058407 498405 487403 096GDP ($m)

Current price measures

. .13 67413 59513 50413 41513 42413 53813 67313 753Real net national disposable income per capita(c) ($)

. .330 990327 976324 600321 310320 407322 039324 160324 930Real net national disposable income ($m)

. .406 487402 845398 822394 922393 485394 630396 271396 488Real gross national income ($m)

. .412 732409 900407 070404 578403 760404 273404 615404 362Real gross domestic income ($m)

Real income measures(b)

. .344 060343 721342 549340 190337 516335 622333 873332 026Net domestic product ($m)

. .281 024280 407279 461278 155276 938275 798274 159272 292Gross value added market sector(d) ($m)

. .17 32317 34217 32817 26617 19017 14617 10617 062GDP per capita(c) ($)

. .419 299418 346416 530413 550410 314407 877405 566403 117GDP ($m)

Chain volume GDP and related measures(b)

L E V E L S

0.82.61.7–0.3–3.1–3.9–3.4–2.9–2.3Terms of TradePrices

–1.0–0.3–0.2–0.5—0.90.9–0.40.1Real unit labour costs - non-farm–1.1–0.5–0.1–0.90.50.80.6–0.5—Real unit labour costs1.60.50.50.40.1—0.40.50.3Gross value added per hour worked market sector(d)2.00.30.50.60.5—–0.1—0.3GDP per hour worked

–0.1–0.3–0.20.10.30.40.20.20.3Hours worked market sector(d)0.2–0.1–0.10.10.30.60.70.60.3Hours worked

Productivity

3.30.90.90.90.60.40.50.60.4GDPCurrent price measures

1.90.60.70.7–0.1–0.8–1.0–0.6–0.4Real net national disposable income per capita(c)3.30.91.01.00.3–0.5–0.7–0.2–0.1Real net national disposable income3.30.91.01.00.4–0.3–0.4–0.10.1Real gross national income2.20.70.70.60.2–0.1–0.10.1—Real gross domestic income


1.90.10.30.70.80.60.50.60.5Net domestic product1.50.20.30.50.40.40.60.70.6Gross value added market sector(d)0.8–0.10.10.40.40.30.20.30.2GDP per capita(c)2.20.20.40.70.80.60.60.60.6GDP


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

SepJunMarDecSepJunMarDec

Sep 15 to

Sep 16

2016–172015–162014–15

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

2014–15.

. .93.989.987.989.292.695.099.3102.0Terms of tradePrices

. .100.6100.0101.3101.3101.2100.799.199.9Real unit labour costs - non-farm

. .100.299.8100.9101.5100.8100.499.0100.1Real unit labour costs

. .101.7102.6100.9100.4101.1100.7100.299.8Gross value added per hour worked market sector(d)

. .101.3102.3101.0100.1100.399.8100.0100.5GDP per hour worked

. .100.8100.3101.5101.2100.3100.3100.499.6Hours worked market sector(d)

. .102.0101.5102.1102.1101.2100.9100.699.1Hours workedProductivity

I N D E X E S (e)

. .6.36.76.86.07.27.97.18.7Household saving ratio

. .12 81111 99914 64712 13215 35617 29422 59424 067National net saving ($m)

. .414 470411 356408 813401 978400 814398 630398 207395 277Gross national income ($m)

. .17 43617 40417 23117 15617 17017 09117 14917 060GDP per capita(c) ($)

. .422 132419 878414 168410 881409 852406 559406 594403 089GDP ($m)


. .13 65413 59013 57513 33813 42013 51913 73613 741Real net national disposable income per capita(c) ($)

. .330 575327 849326 283319 439320 328321 593325 681324 654Real net national disposable income ($m)

. .406 142402 695400 503393 030393 406394 185397 774396 258Real gross national income ($m)

. .412 368410 824406 648403 925404 301403 266406 100404 082Real gross domestic income ($m)


. .342 397345 052343 077339 583337 669334 875335 099331 326Net domestic product ($m)

. .280 188281 078279 765277 573277 002275 797274 875271 473Gross value added market sector(d) ($m)

. .17 25217 39617 35117 24117 19617 11517 15817 032GDP per capita(c) ($)

. .417 688419 674417 044412 937410 453407 143406 804402 413GDP ($m)


L E V E L S

1.54.52.3–1.5–3.6–2.6–4.4–2.6–1.4Terms of TradePrices

–0.60.6–1.2—0.10.51.6–0.8–0.4Real unit labour costs - non-farm–0.60.5–1.1–0.60.60.41.4–1.0–0.4Real unit labour costs0.7–0.81.70.5–0.70.40.50.40.4Gross value added per hour worked market sector(d)1.0–0.91.30.9–0.20.5–0.3–0.40.7GDP per hour worked0.50.5–1.20.30.90.1–0.20.8–0.1Hours worked market sector(d)0.70.5–0.70.10.90.30.41.5–0.3Hours worked

Productivity

3.00.51.40.80.30.8—0.90.7GDPCurrent price measures

1.70.50.11.8–0.6–0.7–1.6—–0.3Real net national disposable income per capita(c)3.20.80.52.1–0.3–0.4–1.30.30.1Real net national disposable income3.20.90.51.9–0.1–0.2–0.90.40.3Real gross national income2.00.41.00.7–0.10.3–0.70.50.1Real gross domestic income


1.4–0.80.61.00.60.8–0.11.10.3Net domestic product1.2–0.30.50.80.20.40.31.30.3Gross value added market sector(d)0.3–0.80.30.60.30.5–0.20.70.1GDP per capita(c)1.8–0.50.61.00.60.80.11.10.4GDP




Sep 15 to

Sep 16

2016–172015–162014–15

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

2014–15.

89.8100.0111.8116.1128.5127.9106.0110.5Terms of tradePrices

101.0100.099.6100.299.899.299.198.4Real unit labour costs - non-farm100.8100.099.499.899.699.199.498.8Real unit labour costs101.2100.098.696.293.890.690.487.8Gross value added per hour worked market sector(d)100.9100.098.596.794.692.692.990.9GDP per hour worked100.9100.099.098.998.798.095.996.6Hours worked market sector(d)101.7100.099.198.498.196.794.194.3Hours worked

Productivity

I N D E X E S (e)

6.68.09.08.79.78.97.98.7Household saving ratio54 39388 207117 261126 999136 301111 52276 472101 277National net saving ($m)

1 623 1261 583 4741 548 1261 489 5151 446 3291 353 8111 247 1371 215 338Gross national income ($m)

69 10868 46668 28966 65366 24963 62159 34858 645GDP per capita(c) ($)

1 654 4851 617 0161 589 9401 527 5291 491 7411 410 4421 297 5081 259 280GDP ($m)


54 03454 88555 68755 92156 78555 06452 39253 537Real net national disposable income per capita(c) ($)

1 293 6191 296 2601 296 5461 281 5801 278 6381 220 7291 145 4181 149 600Real net national disposable income ($m)

1 589 3541 583 4781 573 1651 547 0381 532 0481 462 1591 375 8331 367 141Real gross national income ($m)

1 625 4191 617 0161 615 6511 586 5211 580 1431 523 3141 431 4271 416 510Real gross domestic income ($m)


1 365 3001 331 4981 303 5291 274 7471 248 2931 207 3021 184 7121 168 294Net domestic product ($m)

1 115 4181 092 8141 066 8091 040 3921 012 139970 430947 339927 203Gross value added market sector(d) ($m)

69 33968 46667 81067 13866 62065 29264 67364 553GDP per capita(c) ($)

1 660 0271 617 0161 578 7841 538 6341 500 0841 447 4791 413 9291 386 125GDP ($m)


L E V E L S

–10.2–10.5–3.7–9.70.420.6–4.07.6Terms of TradePrices

1.00.4–0.50.30.60.10.8–2.9Real unit labour costs - non-farm0.80.6–0.30.10.6–0.30.5–2.9Real unit labour costs1.21.42.52.63.60.23.00.8Gross value added per hour worked market sector(d)0.91.51.92.22.2–0.42.30.5GDP per hour worked0.91.00.10.20.72.3–0.80.5Hours worked market sector(d)1.70.90.70.31.42.8–0.21.3Hours worked

Productivity

2.31.74.12.45.88.73.06.8GDPCurrent price measures

–1.5–1.4–0.4–1.53.15.1–2.11.4Real net national disposable income per capita(c)–0.2—1.20.24.76.6–0.43.6Real net national disposable income0.40.71.71.04.86.30.64.0Real gross national income0.50.11.80.43.76.41.13.3Real gross domestic income


2.52.12.32.13.41.91.41.1Net domestic product2.12.42.52.84.32.42.21.3Gross value added market sector(d)1.31.01.00.82.01.00.2–0.4GDP per capita(c)2.72.42.62.63.62.42.01.8GDP



2015–162014–152013–142012–132011–122010–112009–102008–09

KEY NATIONAL ACCOUNTS AGGREGATES: Annua l3


(a) Reference year for chain volume measures is 2014–15.

419 299418 346416 530413 550410 314407 877405 566403 117400 881Gross domestic product

–1 909–1 325–5017131 4001 102302–243–362Statistical discrepancy (E)86 75585 72184 97084 96285 80486 12185 54785 09884 650less Imports of goods and services88 06787 04885 68883 81282 11481 12080 41979 35277 965Exports of goods and services

419 701418 354416 339414 001412 590411 702410 300409 103408 109Gross national expenditure

7153539–230–62–129–61463719Changes in inventories

418 936418 002416 329414 240412 698411 896410 391408 611407 308Domestic final demand

102 238103 012103 394103 706104 779106 462107 401107 686108 161Total gross fixed capital formation

19 18018 89918 19117 50017 40117 68217 63917 53917 739Total public gross fixed capital formation

14 01913 78313 14012 48612 36012 64612 69712 60312 622Total general government

9 5529 2658 8448 4568 3648 4278 3388 2848 466State and local

4 4834 5124 2914 0293 9964 2174 3584 3224 159Total national

2 3262 2652 1101 9661 9652 0712 2152 2922 282National–non-defence2 1402 2472 1822 0632 0322 1482 1452 0281 873National–defence

General government

5 1885 1135 0475 0125 0395 0354 9424 9365 117Total public corporations

3 7533 7213 7303 7993 8763 8753 8173 8163 950State and local1 4391 3921 3171 2151 1641 1611 1251 1201 167Commonwealth

Public corporationsPublic gross fixed capital formation

82 89784 12185 22186 21687 38588 78089 75990 14590 413Total private gross fixed capital formation

9 6569 5449 4439 3659 3649 4449 5219 5079 392Total intellectual property products579571562553545537530521511Artistic originals

3 7423 6283 5133 4063 3193 2433 1643 0712 961Computer software6977167688429631 1431 3271 4491 500Mineral and petroleum exploration

4 6514 6294 5984 5644 5364 5184 4994 4674 425Research and developmentIntellectual property products

897823751699691709714712738Cultivated biological resources

17 98917 80517 54517 32517 43717 94318 67119 07018 922Total machinery and equipment

19 61419 40319 09818 84618 97919 51420 27920 68820 505NewMachinery and equipment

23 12624 72826 54628 42430 02931 21532 03132 87434 061Total non-dwelling construction

13 33914 37715 57817 00418 50219 88421 01822 19023 586New engineering construction10 73911 34911 79812 01512 04012 02511 89511 72811 543New building

Non-dwelling construction6 5426 7066 8537 0127 1437 1516 9766 7436 594Ownership transfer costs

24 80224 52324 07923 39722 73822 34421 85721 22520 672Total dwellings

8 4548 3368 1948 0888 0768 0547 8977 6967 628Alterations and additions16 33916 18715 88515 30914 66214 29013 96013 52913 044New and used dwellings

DwellingsPrivate gross fixed capital formation

316 840314 950312 752310 266307 681305 307303 049300 786298 620Total final consumption expenditure

238 805237 622236 288234 687232 801230 978229 371227 922226 486Households


45 87045 69745 42245 11644 81244 56644 28143 84043 336State and local32 04131 63731 05430 46330 06729 76429 40029 02628 799Total national25 44325 08724 56424 02623 76323 67923 47923 18922 928National–non-defence

6 6306 5496 4866 4376 3036 0855 9205 8375 874National–defenceGeneral government


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

SepJunMarDecSepJunMarDecSep

2016–172015–162014–15

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


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

— nil or rounded to zero (including null cells)(a) Reference year for chain volume measures is 2014–15.

2.20.20.40.70.80.60.60.60.6Gross domestic product

1.11.20.9—–1.0–0.40.70.50.5Imports of goods and services7.31.21.62.22.11.20.91.31.8Exports of goods and services

1.70.30.50.60.30.20.30.30.2Gross national expenditure

1.50.20.40.50.40.20.40.40.3Domestic final demand

–2.4–0.8–0.4–0.3–1.0–1.6–0.9–0.3–0.4Total gross fixed capital formation

10.21.53.93.90.6–1.60.20.6–1.1

Total public gross fixed capital

formation

13.41.74.95.21.0–2.3–0.40.7–0.2Total general government

14.23.14.84.61.1–0.81.10.7–2.2State and local

12.2–0.65.26.50.8–5.2–3.20.83.9Total national

18.42.77.47.30.1–5.1–6.5–3.40.4National–non-defence5.3–4.83.05.81.5–5.40.25.88.3National–defence

General government

2.91.51.30.7–0.50.11.90.1–3.5Total public corporations

–3.20.9–0.2–1.8–2.0—1.5—–3.4State and local23.53.45.78.44.40.33.10.5–4.0Commonwealth


–5.1–1.5–1.3–1.2–1.3–1.6–1.1–0.4–0.3

Total private gross fixed capital

formation

3.11.21.10.8—–0.8–0.80.21.2Total intellectual property products6.21.41.51.61.51.41.41.71.9Artistic originals

12.73.13.33.12.62.42.53.03.7Computer software–27.6–2.7–6.7–8.8–12.6–15.7–13.8–8.5–3.4Mineral and petroleum exploration

2.50.50.70.80.60.40.40.70.9Research and developmentIntellectual property products

29.99.19.67.41.2–2.5–0.80.3–3.5Cultivated biological resources

3.21.01.51.3–0.6–2.8–3.9–2.10.8Total machinery and equipment

3.31.11.61.3–0.7–2.7–3.8–2.00.9NewMachinery and equipment

–23.0–6.5–6.9–6.6–5.3–3.8–2.5–2.6–3.5Total non-dwelling construction

–27.9–7.2–7.7–8.4–8.1–7.0–5.4–5.3–5.9New engineering construction–10.8–5.4–3.8–1.8–0.20.11.11.41.6New building

Non-dwelling construction–8.4–2.4–2.1–2.3–1.8–0.12.53.52.2Ownership transfer costs

9.11.11.82.92.91.82.23.02.7Total dwellings

4.71.41.71.30.10.32.02.60.9Alterations and additions11.40.91.93.84.42.62.43.23.7New and used dwellings


3.00.60.70.80.80.80.70.80.7Total final consumption expenditure

2.60.50.60.70.80.80.70.60.6Households

4.10.81.11.20.90.70.91.11.0Total general government

2.40.40.60.70.70.60.61.01.2State and local6.61.31.91.91.31.01.21.30.8Total national7.11.42.12.21.10.40.91.31.1National–non-defence5.21.21.00.82.13.62.81.4–0.6National–defence

General governmentFinal consumption expenditure


Sep 15 to

Sep 16

2016–172015–162014–15

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




–1 573–1 807–7597771 5211 962–919–242–802Statistical discrepancy (E)87 23086 11183 66185 71685 29386 67686 00383 89485 111less Imports of goods and services87 79187 54385 70683 51982 83779 52581 81779 14277 815Exports of goods and services


1 053435–499183–167–399848–1 2842 195Changes in inventories



18 78120 95717 95117 98816 97018 34717 90417 65317 990


formation


9 41810 8208 8388 2978 3168 6968 6208 5388 740State and local

4 1394 9764 1574 0793 5514 7314 1694 3094 265Total national


General government




82 55983 21185 46586 08386 99689 05489 96390 26689 815


formation




899836741684694713722727693Cultivated biological resources


–1 623–1 600–1 568–1 518–1 476–1 649–1 606–1 519–1 729Net purchases of second hand

assets

19 63819 52418 92619 11618 52519 69020 26420 71320 945NewMachinery and equipment


–808–2 637–700–574–454–705–899–1 137–923Net purchases of second hand

assets

13 39514 18415 76116 71218 60220 18420 69222 43623 116New engineering construction10 36811 71811 69112 14411 86912 09212 00411 56111 612New building


24 46324 81524 18323 23422 82222 03222 30121 21020 240Total dwellings




238 664237 613236 523234 633232 849230 830229 397227 956226 470Households





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


2016–172015–162014–15

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 which showsthe change between the current quarter and the corresponding quarterof the previous year.


1.8–0.50.61.00.60.80.11.10.4Gross domestic product

2.31.32.9–2.40.5–1.60.82.5–1.4Imports of goods and services6.00.32.12.60.84.2–2.83.41.7Exports of goods and services

1.8–0.31.00.30.7–0.20.21.0–0.4Gross national expenditure

1.5–0.50.80.50.6–0.30.50.50.5Domestic final demand

–2.5–2.70.7–0.60.1–3.2–0.4—0.1Total gross fixed capital formation

10.7–10.416.8–0.26.0–7.52.51.4–1.9


formation

14.2–14.221.65.04.3–11.65.0–0.4–1.2Total general government

13.3–13.022.46.5–0.2–4.40.91.0–2.3State and local

16.6–16.819.71.914.9–24.913.5–3.21.0Total national

20.7–1.99.513.7–1.2–12.3–1.0–0.5–10.3National–non-defence11.8–30.130.5–8.233.5–35.830.1–6.417.2National–defence

General government

2.41.24.2–11.79.93.8–3.76.3–3.7Total public corporations

–3.9—4.6–6.0–2.32.20.80.7–4.2State and local23.14.42.9–24.050.99.4–17.127.1–1.4Commonwealth


–5.1–0.8–2.6–0.7–1.0–2.3–1.0–0.30.5


formation

3.72.00.41.1—–0.4–1.8—2.8Total intellectual property products6.11.11.52.01.41.31.31.92.0Artistic originals

13.13.23.33.22.81.82.83.03.4Computer software–24.510.2–14.5–7.4–13.5–9.1–22.2–9.07.9Mineral and petroleum exploration

2.60.10.61.10.7–0.10.70.70.8Research and developmentIntellectual property products

29.77.612.88.4–1.4–2.8–1.2–0.64.8Cultivated biological resources

5.70.53.3–1.43.2–5.5–3.3–2.8–0.1Total machinery and equipment

6.00.63.2–1.03.2–5.9–2.8–2.2–1.1NewMachinery and equipment


–28.0–5.6–10.0–5.7–10.2–7.8–2.5–7.8–2.9New engineering construction–12.6–11.50.2–3.72.3–1.80.73.8–0.4New building

Non-dwelling construction–7.6–4.9–1.50.6–1.9–4.06.23.72.6Ownership transfer costs

7.2–1.42.64.11.83.6–1.25.14.8Total dwellings

3.7–1.04.11.4–0.7–0.42.14.50.3Alterations and additions9.1–1.61.95.53.25.9–3.05.57.5New and used dwellings



2.50.40.50.80.80.90.60.60.7Households

3.9–0.22.01.11.00.11.41.00.6Total general government

2.3–0.21.00.70.8—1.30.31.5State and local6.3–0.33.41.81.30.31.62.2–0.6Total national6.3–1.85.21.51.4–0.70.83.1–1.0National–non-defence6.45.9–3.22.80.94.05.0–1.30.8National–defence



Sep 15 to

Sep 16

2016–172015–162014–15

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 column whichshows the contribution to growth between the current quarter andthe corresponding quarter of the previous year.



–0.80.1–0.3–0.4–0.2–0.10.7–0.20.1Statistical discrepancy (E)–0.5–0.3–0.60.5–0.10.3–0.2–0.50.3Imports of goods and services1.20.10.40.50.20.8–0.60.70.4Exports of goods and services

1.8–0.31.00.30.7–0.20.21.0–0.4Gross national expenditure

0.30.10.2–0.20.10.1–0.30.5–0.9Changes in inventories

1.5–0.50.80.50.6–0.30.50.50.5Domestic final demand

–0.6–0.70.2–0.2—–0.8–0.1——Total gross fixed capital formation

0.4–0.50.7—0.2–0.30.10.1–0.1Total public gross fixed capital formation

0.4–0.50.70.10.1–0.40.2——Total general government

0.3–0.30.50.1—–0.1———State and local0.1——0.1—–0.1——–0.1National–non-defence—–0.20.1—0.1–0.20.1—0.1National–defence

General government

———–0.20.1——0.1—Total public corporations

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


–1.1–0.2–0.5–0.1–0.2–0.5–0.2–0.10.1


formation

–1.4—–0.7–0.4–0.3–0.6–0.2–0.4–0.2Private business investment (s/s)

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

–0.1—————–0.1——Mineral and petroleum exploration0.1————————Computer software—————————Research and development

Intellectual property products0.1————————Cultivated biological resources

0.2—0.1–0.10.1–0.2–0.1–0.1—Total machinery and equipment

————————0.1Net purchases of second hand

assets

0.3—0.1—0.1–0.3–0.1–0.1–0.1NewMachinery and equipment


–0.10.4–0.5——0.1—0.1–0.1Net purchases of second hand

assets

–1.3–0.2–0.4–0.2–0.5–0.4–0.1–0.4–0.2New engineering construction–0.4–0.3—–0.10.1–0.1—0.1—New building

Non-dwelling construction–0.1–0.1———–0.10.10.1—Ownership transfer costs

0.4–0.10.20.20.10.2–0.10.30.2Total dwellings

0.1—0.1————0.1—Alterations and additions0.3–0.10.10.20.10.2–0.10.20.2New and used dwellings



1.40.30.30.50.40.50.30.40.4Households

0.7—0.40.20.2—0.30.20.1Total general government

0.2—0.10.10.1—0.1—0.2State and local0.4–0.10.30.10.1——0.2–0.1National–Non-defence0.10.1———0.10.1——National–defence


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


Sep 15 to

Sep 16

2016–172015–162014–15

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

Seasona l l y Ad jus ted8



–1 590–1 808–7537731 5191 960–918–242–802Statistical discrepancy (E)85 82385 66184 29989 09988 98687 91986 57783 85683 603less Imports of goods and services81 14078 28175 88477 44780 00576 63781 81580 70479 112Exports of goods and services


1 388360–535386–190–538849–8431 994Changes in inventories





9 38610 8178 8718 3808 3758 7208 5828 4468 646State and local

4 1335 0594 2484 2453 6624 9024 2014 2544 146Total national


General government








1 147972827744745714711725707Cultivated biological resources


–1 652–1 640–1 623–1 588–1 546–1 697–1 615–1 497–1 694Net purchases of second hand assets19 97920 00919 57919 98719 39320 25220 38620 43020 561New

Machinery and equipment


–829–2 663–711–586–461–704–898–1 141–920Net purchases of second hand assets13 44314 19915 86816 87318 62120 11420 63222 40423 037New engineering construction10 60711 98111 90612 32011 96212 16212 04411 52711 561New building


25 56925 73624 96023 95223 42622 40322 44121 11919 944Total dwellings




243 485241 833239 758238 066235 192232 615229 646227 397225 102Households





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


2016–172015–162014–15

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 2014–15 = 100.0.


99.2100.2101.5104.3104.3101.7100.699.798.0Imports of goods and services92.890.289.192.696.896.8100.5101.4101.3Exports of goods and services


102.1101.9102.2102.5102.1101.1100.399.599.0Total gross fixed capital formation

100.9101.0101.5102.0101.8101.1100.399.499.2Total public gross fixed capital formation


99.8100.0100.6101.2101.0100.5100.099.5100.0State and local

102.2102.7103.8104.4103.9102.7101.298.797.4Total national

100.1100.1100.1100.7100.9100.7100.199.699.6National–non-defence104.5105.5107.8108.3107.1104.8102.497.795.1National–defence

General government

101.5101.3101.0101.2101.4100.7100.099.999.4Total public corporations

101.9101.4101.0101.1101.4100.799.999.999.4State and local100.4100.8100.9101.4101.4100.7100.399.699.3Commonwealth


102.3102.1102.3102.6102.2101.1100.399.699.0Total private gross fixed capital formation

97.997.897.998.999.599.599.5100.3100.7Total intellectual property products102.2101.5101.2101.4101.0100.6100.099.899.6Artistic originals

92.593.694.996.397.598.299.5100.6101.7Computer software97.096.694.897.298.599.797.6100.7102.0Mineral and petroleum exploration


116.1110.0109.9110.0109.9100.1100.0100.0100.0Cultivated biological resources102.0102.7103.6104.7104.8102.9100.698.598.0Machinery and equipment

101.1100.8101.1101.2100.5100.1100.1100.099.8Total non-dwelling construction

100.4100.1100.8101.1100.3100.0100.0100.199.9New engineering construction102.3102.1101.7101.5100.9100.5100.399.699.5New building

Non-dwelling construction108.1108.9107.8104.1105.499.5102.5101.796.3Ownership transfer costs

104.2103.6103.2103.0102.5101.5100.599.598.6Total dwellings




102.1101.6101.5101.6101.2100.6100.399.799.4Households


102.5107.1100.7102.2100.7104.098.0100.197.9State and local101.7102.8101.5101.8102.3101.699.399.299.9Total national100.9102.5101.0101.5102.4101.799.199.0100.1National–non-defence104.9104.0103.2102.8102.0100.9100.399.799.1National–defence


indexindexindexindexindexindexindexindexindex


2016–172015–162014–15

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


(b) Change on preceding quarter, except for the last column whichshows 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 2014–15 = 100.0.

1.41.21.0–0.2–0.50.1–0.30.20.1Gross domestic product

–4.9–1.0–1.2–2.7—2.51.10.91.7Imports of goods and services–4.12.91.3–3.8–4.3—–3.6–0.90.1Exports of goods and services

0.60.20.2–0.20.40.60.80.50.4Domestic final demand

–0.10.1–0.2–0.30.31.00.80.80.5Total gross fixed capital formation

–0.9–0.1–0.5–0.50.20.70.80.90.2Total public gross fixed capital formation

–1.3–0.3–0.8–0.60.30.70.81.20.1Total general government

–1.1–0.1–0.6–0.60.30.40.50.6–0.5State and local

–1.7–0.5–1.0–0.50.41.21.52.61.3Total national

–0.9–0.10.1–0.6–0.30.20.60.5–0.1National–non-defence–2.4–1.0–2.1–0.41.12.22.44.82.8National–defence

General government

0.10.20.3–0.2–0.30.70.80.10.4Total public corporations

0.40.40.4–0.1–0.30.70.9—0.5State and local–1.1–0.5–0.1–0.5—0.70.40.70.3Commonwealth


0.10.2–0.2–0.20.31.10.80.80.6Total private gross fixed capital formation

–1.60.1–0.1–1.0–0.6—0.1–0.8–0.5Total intellectual property products1.20.70.3–0.20.30.40.60.20.2Artistic originals

–5.1–1.2–1.4–1.4–1.3–0.8–1.2–1.1–1.1Computer software–1.60.41.9–2.4–1.4–1.12.1–3.1–1.3Mineral and petroleum exploration0.60.80.2–0.3—0.70.10.20.2Research and development

Intellectual property products5.65.50.1–0.1—9.80.1——Cultivated biological resources

–2.7–0.7–0.9–1.0–0.11.82.32.10.6Machinery and equipment

0.60.3–0.3–0.10.70.4—0.10.2Total non-dwelling construction

0.10.3–0.6–0.30.80.4—–0.10.2New engineering construction1.40.20.40.30.60.30.20.70.1New building

Non-dwelling construction2.6–0.81.03.6–1.35.9–2.90.75.7Ownership transfer costs

1.60.60.40.10.51.01.01.00.9Total dwellings

1.70.70.5—0.41.21.31.11.2Alterations and additions1.60.50.40.20.61.00.80.90.7New and used dwellings


1.00.20.5–0.10.40.40.80.40.4Total final consumption expenditure

0.90.50.1–0.10.40.60.40.60.3Households

0.8–3.04.3–1.00.7–1.74.6–1.21.0Total general government

1.8–4.36.3–1.41.5–3.26.1–2.02.3State and local–0.6–1.11.3–0.3–0.50.72.30.2–0.8Total national–1.5–1.61.5–0.5–0.90.72.7—–1.1National–non-defence2.80.90.70.50.71.10.50.60.6National–defence



Sep 15 to

Sep 16

2016–172015–162014–15

EXPENDITURE ON GDP, Cha in pr ice indexes(a ) —Percentage changes(b) : Or ig ina l11


(a) Reference year for implicit price deflators is 2014–15.


98.499.5100.8103.9104.3101.4100.7100.098.2Imports of goods and services92.489.488.592.796.696.4100.0102.0101.7Exports of goods and services

102.3102.1101.8101.8101.4100.9100.199.899.2Gross national expenditure


102.3102.2102.2102.3102.0100.9100.399.699.0Total gross fixed capital formation

100.3100.8101.0101.8101.5101.399.999.198.6Total public gross fixed capital formation


99.7100.0100.4101.0100.7100.399.698.998.9State and local

99.9101.7102.2104.1103.1103.6100.898.797.2Total national

98.799.098.999.8100.4100.8100.399.899.7National–non-defence101.3104.0105.7107.7106.3105.7101.497.494.3National–defence

General government

101.8101.6101.2101.2101.6100.999.999.799.1Total public corporations

102.2101.7101.2101.3101.7100.9100.0100.099.4State and local100.7101.4101.2101.0101.5100.899.898.898.2Commonwealth


102.7102.6102.5102.4102.2100.8100.399.799.1Total private gross fixed capital formation

97.797.798.098.999.499.499.4100.2100.8Total intellectual property products102.3101.6101.2101.3100.9100.499.899.8100.0Artistic originals

92.593.694.996.397.598.399.5100.6101.7Computer software96.896.494.697.098.399.397.2100.4101.9Mineral and petroleum exploration


127.6116.4111.6108.8107.4100.198.499.8102.0Cultivated biological resources101.7102.5103.4104.6104.7102.9100.698.698.2Machinery and equipment

101.2101.1101.2101.1100.4100.099.999.899.6Total non-dwelling construction

100.4100.1100.7101.0100.199.799.799.999.7New engineering construction102.3102.2101.8101.4100.8100.6100.399.799.6New building

Non-dwelling construction108.8108.6107.9104.5105.298.3101.6102.298.6Ownership transfer costs

104.5103.7103.2103.1102.6101.7100.699.698.5Total dwellings




102.0101.8101.4101.5101.0100.8100.199.899.4Households


103.8104.1102.8101.8102.0101.1100.099.799.2State and local101.5102.2102.5101.8102.0101.0100.399.299.6Total national100.5101.7102.3101.6102.0101.0100.299.199.7National–non-defence105.0104.2103.5102.7102.1100.9100.499.599.0National–defence


IndexIndexIndexIndexIndexIndexIndexIndexIndex


2016–172015–162014–15

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.

— nil or rounded to zero (including null cells)(a) Reference year for implicit price deflators is 2014–15.

1.21.00.7–0.2–0.4—–0.1–0.20.2Gross domestic product

–5.7–1.1–1.3–3.1–0.42.90.80.71.8Imports of goods and services–4.33.41.0–4.5–4.00.2–3.6–1.90.3Exports of goods and services

0.90.20.3—0.30.60.70.40.6Gross national expenditure


0.30.1—–0.10.31.10.70.70.6Total gross fixed capital formation

–1.2–0.5–0.2–0.70.30.21.40.80.5Total public gross fixed capital formation

–1.7–0.8–0.4–1.00.6—1.51.10.5Total general government

–1.0–0.3–0.4–0.60.30.40.70.6—State and local

–3.2–1.8–0.5–1.80.9–0.52.82.11.6Total national

–1.7–0.30.2–1.0–0.6–0.40.50.50.2National–non-defence–4.7–2.6–1.6–1.81.30.54.34.13.3National–defence

General government

0.10.20.4—–0.40.71.00.20.6Total public corporations

0.50.50.5–0.1–0.40.71.0—0.6State and local–0.8–0.60.20.2–0.50.71.01.10.6Commonwealth


0.60.20.1—0.31.30.50.60.6Total private gross fixed capital formation

–1.7—–0.3–0.9–0.50.1–0.1–0.8–0.6Total intellectual property products1.30.70.4–0.10.40.50.6—–0.1Artistic originals

–5.2–1.2–1.4–1.4–1.3–0.8–1.3–1.1–1.1Computer software–1.50.41.9–2.4–1.3–1.02.1–3.1–1.5Mineral and petroleum exploration0.60.80.2–0.3—0.8—0.10.1Research and development

Intellectual property products18.89.64.32.51.47.31.6–1.4–2.2Cultivated biological resources–2.8–0.7–0.9–1.1–0.11.82.22.00.5Machinery and equipment

0.80.1–0.1—0.80.40.10.20.2Total non-dwelling construction

0.20.2–0.6–0.30.90.5–0.1–0.10.2New engineering construction1.50.10.40.40.70.20.20.60.1New building

Non-dwelling construction3.40.20.73.3–0.77.0–3.3–0.63.6Ownership transfer costs

1.80.80.50.10.40.91.11.11.0Total dwellings

1.70.80.6–0.10.31.11.31.11.3Alterations and additions1.90.70.40.20.50.90.91.00.9New and used dwellings



1.00.20.4–0.10.50.20.70.40.4Households

0.9–0.40.60.9–0.20.90.90.60.1Total general government

1.8–0.21.21.0–0.20.91.10.30.5State and local–0.5–0.7–0.30.7–0.21.00.71.1–0.4Total national–1.4–1.2–0.60.7–0.41.00.71.2–0.7National–non-defence2.80.70.70.80.61.20.50.90.5National–defence



Sep 15 to

Sep 16

2016–172015–162014–15

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

adjus ted13


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

(a) At basic prices.(b) Reference year for chain volume measures is 2014–15.


8281 4381 6931 267419–3410141149Statistical discrepancy (P)28 33228 15827 87527 50827 19327 12027 26327 47227 539Taxes less subsidies on products

390 110388 751386 967384 774382 686380 767378 283375 519373 220Gross value added at basic prices

37 49537 29637 09336 89036 68336 47336 26436 06335 868Ownership of dwellings..7 2637 3597 4267 4457 4617 4577 4127 3607 265Other servicesS3 4273 4293 4243 4013 3503 3083 3013 3073 301Arts and recreation servicesR

28 80528 47928 15927 91727 73527 52927 22126 86226 526Health care and social assistanceQ19 87219 77719 66619 54119 41819 32219 24019 15219 054Education and trainingP22 83222 75522 55822 25021 90921 65321 40521 14521 013Public administration and safetyO11 19411 18011 16211 19211 30611 42411 43111 35311 271Administrative and support servicesN26 61826 21125 81225 58925 81326 11526 06225 71025 337Professional, scientific and technical servicesM12 69512 64512 55112 39912 13311 77311 38511 21511 249Rental, hiring and real estate services(d)L37 59637 17336 68736 17135 75235 44335 13334 74234 394Financial and insurance servicesK11 96611 89011 80711 69611 53911 32411 08810 88510 705Information media and telecommunicationsJ

19 65319 60019 56919 60519 66319 61619 47019 27019 106Total

8 8148 7198 6388 6348 6888 6828 5878 4618 410Transport, postal and storage services2 6082 6132 6242 6502 7142 7622 7492 6682 564Rail, pipeline and other transport(c)2 3812 3902 3912 3712 3192 2612 2152 1862 159Air and space transport5 8505 8785 9165 9505 9435 9145 9245 9555 963Road transport

Transport, postal and warehousingI10 0039 8899 7889 7329 7449 7429 6929 6569 632Accommodation and food servicesH18 07418 09118 06617 98417 84417 69917 54617 37717 220Retail tradeG16 59616 39816 19916 05416 02516 06716 10316 08916 006Wholesale tradeF32 58533 19233 64633 75133 36232 92632 57132 58233 014ConstructionE

10 64310 68810 72110 71610 65810 58710 52810 45110 356Total

4 1964 2454 2824 2864 2514 2214 2014 1554 098Water supply and waste services507505498483458441440442436Gas

5 9445 9385 9415 9485 9505 9275 8895 8525 818ElectricityElectricity, gas, water and waste servicesD

24 64424 61824 66824 84625 14325 39825 51225 61625 686Total

4 5294 6064 7034 7914 8394 8704 9134 9324 932Machinery and equipment3 9143 8623 8563 9154 0484 1504 1734 1864 185Metal products1 5011 5091 5271 5571 5841 5881 5731 5481 521Non-metallic mineral products4 3894 4114 4574 5234 5624 6064 6354 6914 765

Petroleum, coal, chemical and rubberproducts

870849824801799823847846830Printing and recorded media1 5891 6111 6311 6351 6341 6321 6231 6151 620Wood and paper products1 2741 2991 3251 3431 3581 3391 3091 2901 253Textile, clothing and other manufacturing6 5856 4706 3446 2816 3156 3856 4366 5096 593Food, beverage and tobacco products

ManufacturingC

28 71128 90728 91728 48027 71827 21427 14927 07626 841Total

1 7791 8591 9301 9832 0622 1992 3442 4532 545Exploration and mining support services26 93827 04826 98926 49525 63624 98324 78424 63924 362

Mining excluding exploration and miningsupport services

3 2893 3433 4383 5563 6573 7153 7333 7293 721Other mining11 06411 09911 03210 75910 3189 9469 7639 6229 444Iron ore mining

7 9668 0077 9677 7077 2346 8706 7846 8526 926Oil and gas extraction4 6214 5994 5514 4764 4194 4024 4324 4394 420Coal mining

MiningB

9 3779 1789 0559 1139 4249 7149 7939 5969 387Total

1 4151 3981 3841 3811 3891 3961 4051 4071 403Forestry and fishing8 1597 8007 6057 7328 0358 3178 3888 1897 986Agriculture

Agriculture, forestry and fishingA

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


2016–172015–162014–15

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


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

(d) Includes water transport.

— nil or rounded to zero (including null cells)(a) At basic prices.(b) Reference year for chain volume measures is 2014–15.


4.20.61.01.31.20.3–0.5–0.8–0.2Taxes less subsidies on products

1.90.30.50.60.50.50.70.70.6Gross value added at basic prices

2.20.50.50.60.60.60.60.60.5Ownership of dwellings..–2.6–1.3–0.9–0.3–0.2—0.60.71.3Other servicesS2.3–0.10.10.71.51.30.2–0.20.2Arts and recreation servicesR3.91.11.10.90.70.71.11.31.3Health care and social assistanceQ2.30.50.60.60.60.50.40.50.5Education and trainingP4.20.30.91.41.61.21.21.20.6Public administration and safetyO

–1.00.10.2–0.3–1.0–1.0–0.10.70.7Administrative and support servicesN3.11.61.50.9–0.9–1.20.21.41.5Professional, scientific and technical servicesM4.60.40.81.22.23.13.41.5–0.3Rental, hiring and real estate services(b)L5.21.11.31.41.20.90.91.11.0Financial and insurance servicesK3.70.60.70.91.41.92.11.91.7Information media and telecommunicationsJ

–0.10.30.2–0.2–0.30.20.71.00.9Total

1.41.10.90.1–0.60.11.11.50.6Transport, postal and storage services–3.9–0.2–0.4–1.0–2.4–1.70.53.04.0Rail, pipeline and other transport(d)2.7–0.4–0.10.82.32.62.11.31.2Air and space transport

–1.6–0.5–0.6–0.60.10.5–0.2–0.5–0.1Road transportTransport, postal and warehousingI

2.71.21.00.6–0.1—0.50.40.3Accommodation and food servicesH1.3–0.10.10.50.80.80.91.00.9Retail tradeG3.61.21.20.90.2–0.3–0.20.10.5Wholesale tradeF

–2.3–1.8–1.3–0.31.21.31.1—–1.3ConstructionE

–0.1–0.4–0.30.10.50.70.60.70.9Total

–1.3–1.2–0.9–0.10.80.70.51.11.4Water supply and waste services10.70.41.43.25.34.00.1–0.51.4Gas–0.10.1–0.1–0.1—0.40.70.60.6Electricity

Electricity, gas, water and waste servicesD

–2.00.1–0.2–0.7–1.2–1.0–0.4–0.4–0.3Total

–6.4–1.7–2.1–1.8–1.0–0.6–0.9–0.4—Machinery and equipment–3.31.40.2–1.5–3.3–2.4–0.6–0.3—Metal products–5.3–0.6–1.1–2.0–1.7–0.31.01.61.8Non-metallic mineral products–3.8–0.5–1.0–1.4–0.9–0.9–0.6–1.2–1.5Petroleum, coal, chemical and rubber products8.92.53.12.80.3–2.9–2.90.21.9Printing and recorded media

–2.8–1.4–1.2–0.30.10.10.60.5–0.3Wood and paper products–6.2–2.0–1.9–1.4–1.11.42.31.53.0Textile, clothing and other manufacturing4.31.82.01.0–0.5–1.1–0.8–1.1–1.3Food, beverage and tobacco products

ManufacturingC

3.6–0.7—1.52.71.90.20.30.9Total

–13.7–4.3–3.7–2.6–3.9–6.2–6.2–4.4–3.6Exploration and mining support services5.1–0.40.21.93.32.60.80.61.1

Mining excluding exploration and mining supportservices

–10.0–1.6–2.8–3.3–2.7–1.6–0.50.10.2Other mining7.2–0.30.62.54.33.71.91.51.9Iron ore mining

10.1–0.50.53.46.55.31.3–1.0–1.1Oil and gas extraction4.60.51.01.71.30.4–0.7–0.20.4Coal mining

MiningB

–0.52.21.4–0.6–3.3–3.0–0.82.12.2Total

1.91.31.00.2–0.6–0.5–0.6–0.20.3Forestry and fishing1.54.62.6–1.6–3.8–3.4–0.82.42.6Agriculture



Sep 15 to

Sep 16

2016–172015–162014–15

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 2014–15.


4431 7451 7881 494479–8696898695Statistical discrepancy (P)28 13528 39327 86727 41127 25727 05927 18727 53727 665Taxes less subsidies on products

389 110389 536387 389384 032382 717380 907378 916374 815372 932Gross value added at basic prices


28 77528 59528 06227 84727 81127 58927 11326 94726 481Health care and social assistanceQ19 85919 78919 67719 53219 41819 30919 24919 16119 045Education and trainingP22 75022 73422 75722 16721 79321 76421 40921 17820 848Public administration and safetyO11 13111 28811 10511 14411 29211 51411 40011 35611 245Administrative and support servicesN26 56726 40525 67725 48325 70326 25726 35125 41525 334Professional, scientific and technical servicesM12 55712 86912 38612 46012 18511 77511 37811 09211 257Rental, hiring and real estate services(d)L37 49237 24836 76236 08335 68335 52135 17134 69934 405Financial and insurance servicesK12 02611 83611 78611 80111 47411 30211 17910 80010 690Information media and telecommunicationsJ

19 69519 59119 53119 59619 65119 72419 41219 23519 220Total

8 8268 7798 5478 6308 6828 7878 5238 4488 474Transport, postal and storage services2 6182 6102 6132 6612 6802 7782 8052 6202 583Rail, pipeline and other transport(c)2 3632 3942 4102 3562 3422 2442 2092 1912 159Air and space transport5 8875 8085 9625 9495 9485 9195 8785 9795 994Road transport

Transport, postal and warehousingI10 0009 9059 7949 6569 7809 7789 6959 5769 652Accommodation and food servicesH18 00218 14718 08317 97517 83717 70517 54017 39117 218Retail tradeG16 59416 46716 12016 06715 99416 09716 09416 10316 022Wholesale tradeF32 22233 41233 75133 73333 49432 77132 55032 70532 560ConstructionE

10 62910 69710 70610 76810 63810 55810 54910 46010 385Total

4 1684 2624 2734 3274 2204 2144 2014 1924 093Water supply and waste services506498512480457439432448449Gas


24 65724 68724 55724 77425 25425 39725 51425 58425 655Total

4 5084 5824 7654 7104 9314 8184 8944 9654 971Machinery and equipment3 9443 9103 7413 9344 1064 0854 2654 1084 202Metal products1 5091 4981 5241 5601 5751 6161 5511 5511 525Non-metallic mineral products4 3034 5484 3564 4904 6874 5494 5544 8124 698Petroleum, coal, chemical and rubber products

879850818812784817859872803Printing and recorded media1 5981 5801 6531 6601 5891 6421 6601 5851 586Wood and paper products1 2851 2791 3191 3951 2901 3761 3481 1921 332Textile, clothing and other manufacturing6 6316 4406 3826 2126 2936 4846 3836 5016 547Food, beverage and tobacco products

ManufacturingC

28 47628 70529 60628 13427 89726 82127 34327 09226 921Total



3 2763 3793 3873 5303 7633 6363 7403 7633 715Other mining10 99310 86011 55310 47310 3769 8929 7999 5469 494Iron ore mining

7 8837 9888 0967 7377 3056 6176 8676 8956 922Oil and gas extraction4 5914 6124 5974 4294 4344 3764 4664 3874 516Coal mining

MiningB

9 6018 9349 1769 0009 3619 8199 9049 5549 302Total



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


2016–172015–162014–15

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 which shows thechange between the current quarter and the corresponding quarter of theprevious year.

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



3.2–0.91.91.70.60.7–0.5–1.3–0.5Taxes less subsidies on products

1.7–0.10.60.90.30.50.51.10.5Gross value added at basic prices

2.20.50.60.50.60.60.60.60.5Ownership of dwellings..–3.5–4.62.3–2.31.2–0.4–1.04.5–2.7Other servicesS2.2—–0.10.42.01.60.6–2.01.3Arts and recreation servicesR3.50.61.90.80.10.81.80.61.8Health care and social assistanceQ2.30.30.60.70.60.60.30.50.6Education and trainingP4.40.1–0.12.71.70.11.71.11.6Public administration and safetyO

–1.4–1.41.7–0.4–1.3–1.91.00.41.0Administrative and support servicesN3.40.62.80.8–0.9–2.1–0.43.70.3Professional, scientific and technical servicesM3.1–2.43.9–0.62.33.53.52.6–1.5Rental, hiring and real estate services(e)L5.10.71.31.91.10.51.01.40.9Financial and insurance servicesK4.81.60.4–0.12.91.51.13.51.0Information media and telecommunicationsJ

0.20.50.3–0.3–0.3–0.41.60.90.1Total

1.70.52.7–1.0–0.6–1.23.10.9–0.3Transport, postal and storage services–2.30.3–0.1–1.8–0.7–3.5–1.07.01.5Rail, pipeline and other transport(d)0.9–1.3–0.72.30.64.41.60.81.5Air and space transport

–1.01.4–2.60.2—0.50.7–1.7–0.3Road transportTransport, postal and warehousingI

2.21.01.11.4–1.3—0.91.2–0.8Accommodation and food servicesH0.9–0.80.40.60.80.70.90.91.0Retail tradeG3.80.82.20.30.5–0.6—–0.10.5Wholesale tradeF

–3.8–3.6–1.00.10.72.20.7–0.50.4ConstructionE

–0.1–0.6–0.1–0.61.20.80.10.90.7Total

–1.2–2.2–0.3–1.22.50.10.30.22.4Water supply and waste services10.71.5–2.76.85.04.01.7–3.6–0.1Gas–0.10.30.3–0.7—0.9–0.21.7–0.3Electricity

Electricity, gas, water and waste servicesD

–2.4–0.10.5–0.9–1.9–0.6–0.5–0.3–0.3Total

–8.6–1.6–3.81.2–4.52.3–1.6–1.4–0.1Machinery and equipment–3.90.94.5–4.9–4.20.5–4.23.8–2.3Metal products–4.20.7–1.7–2.3–0.9–2.64.2—1.7Non-metallic mineral products–8.2–5.44.4–3.0–4.23.0–0.1–5.42.4Petroleum, coal, chemical and rubber products12.13.43.90.63.6–4.0–4.9–1.58.6Printing and recorded media

0.61.2–4.4–0.44.5–3.2–1.14.7–0.1Wood and paper products–0.40.5–3.0–5.58.2–6.22.113.1–10.5Textile, clothing and other manufacturing5.43.00.92.7–1.3–3.01.6–1.8–0.7Food, beverage and tobacco products

ManufacturingC

2.1–0.8–3.05.20.94.0–1.90.90.6Total

–14.2–7.2–5.40.4–2.7–8.7–6.6–3.4–2.2Exploration and mining support services3.3–0.4–2.95.61.15.4–1.61.20.8


–13.0–3.1–0.2–4.1–6.23.5–2.8–0.61.3Other mining6.01.2–6.010.30.94.91.02.60.6Iron ore mining7.9–1.3–1.34.65.910.4–3.6–0.4–0.4Oil and gas extraction3.5–0.50.33.8–0.11.3–2.01.8–2.8Coal mining

MiningB

2.67.5–2.62.0–3.9–4.7–0.93.72.7Total

3.53.8–0.10.1–0.2–1.0–0.3–0.2–0.2Forestry and fishing2.48.1–3.12.3–4.5–5.3–0.94.33.2Agriculture



Sep 15 to

Sep 16

2016–172015–162014–15

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.


2.80.20.40.91.31.31.71.30.3Taxes less subsidies on production and imports

2.50.70.70.60.50.50.60.60.4Total factor income

4.00.41.21.50.90.42.43.73.5Gross mixed income

1.40.70.50.3–0.1–0.3—0.1–0.1Total gross operating surplus

3.50.90.90.80.80.91.01.21.4Dwellings owned by persons4.81.21.21.21.21.21.21.21.1General government0.20.60.3–0.1–0.6–0.9–0.6–0.4–0.8Total corporations4.91.11.21.21.31.61.82.02.0Financial corporations

–1.30.4—–0.4–1.3–1.6–1.2–1.1–1.6Total non-financial corporations

4.60.21.82.20.3–2.1–2.30.62.5Public non-financial corporations–1.70.4–0.1–0.6–1.4–1.6–1.2–1.2–1.8Private non-financial corporations

Non-financial corporationsGross operating surplus

3.00.70.70.70.81.00.80.50.3Total compensation of employees3.00.70.70.70.90.90.70.50.3Employers' social contributions(a)3.00.70.70.70.81.00.80.50.3Wages and salaries

Compensation of employees

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

. .422 687418 729414 907411 410409 058407 498405 487403 096Gross domestic product

. .1 294117–1 019–1 921–1 915–1 205–250193Statistical discrepancy (I)

. .43 02042 93842 77042 39741 83541 28840 61540 111Taxes less subsidies on production and imports

. .378 364375 674373 158370 934369 137367 415365 122362 792Total factor income

. .37 03736 87836 45535 93035 62435 46534 63333 388Gross mixed income

. .135 775134 799134 113133 777133 966134 355134 421134 278Total gross operating surplus

. .34 62634 31334 01333 73533 45733 14632 80332 410Dwellings owned by persons

. .9 4189 3069 1959 0888 9838 8808 7778 677General government

. .91 73191 18090 90590 95491 52792 32892 84193 192Total corporations

. .23 13222 87622 61322 35622 05821 70921 32820 915Financial corporations

. .68 59968 30568 29268 59869 46970 61971 51272 277Total non-financial corporations

. .4 6694 6584 5774 4794 4654 5604 6674 639Public non-financial corporations

. .63 93063 64763 71564 11965 00366 05966 84567 638Private non-financial corporationsNon-financial corporations

Gross operating surplus

. .205 502203 997202 590201 227199 547197 596196 068195 125Total compensation of employees

. .21 45021 30721 16521 01620 83420 63920 48720 390Employers' social contributions(a)

. .184 051182 690181 425180 211178 713176 957175 569174 735Wages and salariesCompensation of employees

VA L U E S ( $ m )


Sep 15 to

Sep 16

2016–172015–162014–15

INCOME FROM GDP, Cur ren t pr ices : Trend18



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

of workers' compensation premiums.

3.00.51.40.80.30.8—0.90.7Gross domestic product

1.1–1.51.31.3—3.2—2.01.4Taxes less subsidies on production and imports

2.30.51.10.40.30.80.30.70.8Total factor income

–0.1–5.85.82.2–2.01.61.94.43.9Gross mixed income

1.81.11.2–0.90.40.1–1.10.50.8Total gross operating surplus

3.71.20.90.61.10.91.11.11.5Dwellings owned by persons4.81.21.21.21.21.11.21.21.2General government0.71.01.3–1.60.1–0.2–2.10.30.6Total corporations5.51.61.00.82.00.92.41.52.4Financial corporations

–0.80.81.4–2.4–0.5–0.6–3.4–0.10.1Total non-financial corporations

2.9–5.24.24.5–0.3–5.20.9–1.20.3Public non-financial corporations–1.01.21.2–2.9–0.5–0.3–3.7—0.1Private non-financial corporations

Non-financial corporationsGross operating surplus

3.11.30.20.90.71.01.10.30.2Total compensation of employees3.01.00.21.00.71.01.00.30.3Employers' social contributions(a)3.11.30.20.90.71.01.10.30.2Wages and salaries



. .422 132419 878414 168410 881409 852406 559406 594403 089Gross domestic product

. .1 270189–923–2 216–2 033–1 2345315Statistical discrepancy (I)

. .42 66143 30242 74342 19842 19940 91040 90440 093Taxes less subsidies on production and imports

. .378 202376 387372 348370 898369 686366 882365 637362 981Total factor income

. .36 00038 19836 09735 32436 04235 46434 79133 329Gross mixed income

. .136 268134 844133 259134 469133 906133 723135 223134 519Total gross operating surplus

. .34 68434 28033 97633 78833 43133 14832 80232 435Dwellings owned by persons

. .9 4189 3079 1959 0878 9838 8818 7778 676General government

. .92 16691 25790 08991 59491 49191 69493 64493 408Total corporations

. .23 19122 82322 60022 42821 98221 77721 27720 968Financial corporations

. .68 97568 43467 48869 16669 51069 91872 36772 440Total non-financial corporations

. .4 5424 7924 5974 4014 4134 6544 6114 667Public non-financial corporations

. .64 43363 64262 89164 76565 09765 26367 75767 773Private non-financial corporationsNon-financial corporations


. .205 934203 345202 991201 105199 738197 694195 623195 132Total compensation of employees

. .21 47621 25621 21021 00020 85120 64320 44820 397Employers' social contributions(a)

. .184 458182 089181 781180 105178 888177 051175 174174 735Wages and salariesCompensation of employees

VA L U E S ( $ m )


Sep 15 to

Sep 16

2016–172015–162014–15

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 2014–15.

2.60.50.60.70.80.80.70.60.6Total

2.00.40.40.50.70.90.80.60.5Other goods and services5.21.31.41.41.11.01.11.41.3Insurance and other financial services5.11.51.61.40.5–0.3–0.7–0.50.3Hotels, cafes and restaurants2.10.40.50.60.60.40.30.20.2Education services2.4–0.20.10.81.71.50.70.40.8Recreation and culture7.31.92.01.71.51.61.61.72.2Communications1.1——0.50.60.30.30.70.8Transport services0.8–0.1–0.10.10.81.31.20.70.2Operation of vehicles

–6.7–1.0–1.6–2.1–2.2–0.52.22.71.3Purchase of vehicles4.41.41.40.90.60.81.31.40.9Health1.60.40.40.40.40.61.01.51.8Furnishings and household equipment2.1–0.4–0.20.81.92.00.90.60.9Electricity, gas and other fuel2.20.50.50.50.60.60.60.60.6Rent and other dwelling services6.01.11.41.61.71.71.71.61.2Clothing and footwear3.80.70.91.20.9–0.1–0.8–0.50.5Alcoholic beverages

–8.9–1.3–2.1–2.8–3.1–2.8–2.9–3.5–3.1Cigarettes and tobacco2.2–0.20.10.71.61.50.90.4—Food


. .238 805237 622236 288234 687232 801230 978229 371227 922Total

. .15 33415 27015 20615 13715 03214 90214 78614 698Other goods and services

. .21 75421 47821 18620 90120 67320 47420 24419 963Insurance and other financial services

. .16 03915 80015 55715 33815 26315 31415 42415 504Hotels, cafes and restaurants

. .10 85810 81810 76110 69810 63910 59210 56210 538Education services

. .23 62323 67423 63923 44223 06022 72922 56222 478Recreation and culture

. .5 8165 7085 5975 5015 4215 3355 2535 168Communications

. .7 2987 3007 3017 2677 2227 1987 1737 126Transport services

. .12 02112 03812 04812 03111 93211 77711 63811 559Operation of vehicles

. .4 5054 5514 6264 7234 8274 8514 7454 621Purchase of vehicles

. .15 57715 36515 15015 01314 92614 81414 62414 421Health

. .9 9629 9269 8879 8509 8099 7479 6499 504Furnishings and household equipment

. .6 0006 0256 0365 9915 8775 7595 7085 674Electricity, gas and other fuel

. .50 96050 69850 42950 15649 87649 59049 30049 012Rent and other dwelling services

. .7 8697 7817 6717 5507 4247 2997 1787 063Clothing and footwear

. .4 0283 9983 9623 9153 8823 8853 9173 938Alcoholic beverages

. .3 4493 4923 5663 6703 7863 8974 0124 156Cigarettes and tobacco

. .23 64923 70323 67523 50323 14222 80122 58722 508Food

LE V E L S ( $ m )


Sep 15 to

Sep 16

2016–172015–162014–15

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




2.50.40.50.80.80.90.60.60.7Total

1.70.50.30.60.31.20.90.30.4Other goods and services5.41.31.11.91.00.51.31.61.2Insurance and other financial services6.32.21.50.81.7–0.7–1.80.8–0.1Hotels, cafes and restaurants2.10.50.40.80.40.50.30.20.1Education services2.6–0.3–0.20.62.51.30.6–0.11.2Recreation and culture7.92.71.81.61.51.41.91.71.1Communications

–0.5–0.6–0.31.6–1.13.1–2.72.40.6Transport services0.80.3–0.70.30.91.31.60.30.2Operation of vehicles

–8.8–3.82.3–3.8–3.71.8–0.66.7–0.3Purchase of vehicles3.70.72.41.1–0.60.72.8–0.21.9Health1.70.50.20.50.50.31.21.42.0Furnishings and household equipment2.60.8–2.11.32.72.4—1.0–0.1Electricity, gas and other fuel2.20.50.50.50.50.60.60.60.6Rent and other dwelling services5.70.91.32.31.11.72.01.50.9Clothing and footwear4.81.8–0.41.61.7–0.3–1.7–0.10.9Alcoholic beverages

–9.2–0.2–2.4–2.7–4.2–1.8–2.6–4.1–2.8Cigarettes and tobacco1.7–0.8–0.21.11.51.61.2–0.30.5Food


. .238 664237 613236 523234 633232 849230 830229 397227 956Total

. .15 33615 26615 21515 11815 07214 89014 75714 707Other goods and services

. .21 74121 46721 24420 84720 63620 53020 26419 937Insurance and other financial services

. .16 11115 76315 53215 41415 16215 27615 54815 431Hotels, cafes and restaurants

. .10 86810 81510 77410 68510 64410 58910 56110 537Education services

. .23 57623 65523 70723 55422 97622 67722 53222 552Recreation and culture

. .5 8495 6935 5915 5025 4205 3445 2425 154Communications

. .7 2677 3127 3337 2187 3007 0787 2787 104Transport services

. .12 03411 99812 08012 04111 93811 78911 60011 563Operation of vehicles

. .4 4624 6394 5354 7144 8944 8084 8354 533Purchase of vehicles

. .15 56615 45015 09114 92115 00614 89514 48814 511Health

. .9 9699 9169 8939 8479 7989 7649 6469 515Furnishings and household equipment

. .6 0135 9666 0936 0185 8605 7245 7245 670Electricity, gas and other fuel

. .50 95950 70350 42850 15449 88049 59149 29949 010Rent and other dwelling services

. .7 8597 7917 6947 5197 4347 3137 1687 059Clothing and footwear

. .4 0423 9713 9873 9253 8583 8713 9383 943Alcoholic beverages

. .3 4673 4753 5593 6583 8173 8893 9934 165Cigarettes and tobacco

. .23 54523 73223 76923 49923 15222 77722 51422 579Food

LE V E L S ( $ m )


Sep 15 to

Sep 16

2016–172015–162014–15

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

adjus ted21



1 053435–499183–167–399848–1 2842 195Total changes in

inventories

–41235174198–57–56–205–132103Public authorities–99–180–22423–108–78–141231–1Farm

1 193380–450–37–2–2751 261–1 3341 988Total private non-farm

75–32–42–7320–4510825758Other non-farm industries208–309–181 2442732131 040264735Retail trade

1 4671 258501–600314–604689416502Wholesale trade–372–590–562–704–930–12–192–1 563116Manufacturing–18553–3283022123–325–636495Mining

Changes in inventories

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

7153539–230–62–129–61463719Total changes in

inventories

7215118814110–113–160–7756Public authorities–147–161–138–89–85–77–194935Farm

796363–42–2861185162491543Total private non-farm

31–20–363107121123123170Other non-farm industries–117–8281509603520555638450Retail trade

1 4431 028455–97–253–24356414215Wholesale trade–423–512–653–731–512–441–545–490–546Manufacturing–116–128–120–3750–84–292–178191Mining


TR E N D

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


2016–172015–162014–15

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


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

8 3078 9359 0588 3738 6008 8258 8498 0098 021Gross agricultural value added at producer prices189194197192190191190182182plus Taxes less subsidies on products

8 1188 7418 8628 1818 4098 6348 6597 8277 839Gross agricultural value added at basic prices

2 9383 5293 6853 0493 3313 5703 6392 8522 918Agricultural income

206209209214197204202197195less Other taxes less subsidies on production4 9745 0024 9684 9184 8824 8604 8174 7794 725

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


12 38512 09112 14112 31612 06412 02511 98911 76711 424less Intermediate input costs20 50220 83221 00320 49720 47320 65920 64819 59419 264Gross value of agricultural production(a)


8 9798 7668 7128 6768 6568 7258 6318 2767 877Gross agricultural value added at producer prices194193194193191190188185180plus Taxes less subsidies on products


3 5773 3823 3483 3493 3743 4793 4253 1162 768Agricultural income

209209209207204202200199194less Other taxes less subsidies on production4 9994 9824 9614 9264 8864 8544 8184 7774 735

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


12 16812 19412 20112 17612 14312 05611 95311 74911 372less Intermediate input costs20 95320 76720 72020 65920 60720 59120 39619 84019 069Gross value of agricultural production(a)

TR E N D

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


2016–172015–162014–15

AGRICULTURAL INCOME, Cur rent pr i ces23


(a) Reference year for chain volume measures is 2014–15.— nil or rounded to zero (including null cells)

0.11.61.61.6—1.50.70.70.8State final demand

–0.98.7–2.86.5–4.211.33.7–0.925.9Public0.42.85.24.1–3.21.50.91.9–3.8Private


0.10.51.10.91.00.70.30.71.1Households0.22.00.90.61.22.11.0–0.2—General 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 ) (% )

132 571132 421130 387128 304126 227126 250124 336123 479122 588State final demand

6 2986 3545 8446 0145 6465 8935 2975 1095 155Public25 03824 93024 25123 05422 15422 89022 55022 34821 929Private


80 27580 21279 77978 89878 21377 43076 90776 68776 149Households20 96020 92520 51420 33820 21419 97719 56219 36519 406General government


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

0.91.31.41.30.90.90.70.50.6State final demand

2.33.62.71.12.04.73.90.1–3.3Public1.83.13.72.40.3–0.21.11.81.6Private


0.40.60.81.00.90.60.50.71.0Households0.91.11.01.01.31.51.00.2—General government


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


6 3326 1905 9735 8175 7535 6425 3895 1885 184Public25 23024 77524 02123 15522 60622 52822 56822 32621 928Private




TR E N D ( $ m )


2016–172015–162014–15

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


(a) Reference period for chain volume measures is 2014–15.

–0.41.30.31.30.31.11.91.2–0.2State final demand

–17.835.7–1.98.5–8.85.44.9–3.6–14.9Public1.9–3.1–0.30.60.91.55.63.2–0.8Private


0.30.30.71.01.20.40.90.60.3Households–0.82.50.11.6–1.52.00.32.32.5General government




4 1195 0083 6913 7613 4653 8003 6053 4363 566Public19 67619 30319 92819 99419 87219 68719 39318 35617 780Private






3.65.13.6–0.3–0.81.8–0.3–3.4–3.4Public–0.5–0.10.40.61.02.83.62.71.7Private


0.40.50.71.01.00.80.60.60.6Households0.61.01.00.60.20.51.61.70.6General government




4 0523 9103 7193 5913 6033 6323 5673 5793 703Public19 94820 04820 06919 99819 88819 69319 15918 49918 007Private




TR E N D ( $ m )


2016–172015–162014–15

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



0.10.70.4—–0.4–1.2–0.3–0.4–2.3State final demand

–15.47.45.41.8–3.8–10.93.5–8.8–4.4Public2.10.2–2.6–2.8–3.6–5.0–4.9–2.4–8.7Private


1.00.30.50.60.50.71.10.90.1Households–0.50.52.21.21.50.61.01.20.8General government




3 4444 0723 7913 5983 5333 6714 1213 9834 365Public16 34816 00615 97116 39116 86117 49918 42619 38519 853Private





0.40.40.4—–0.6–0.5–0.7–0.8–1.0State final demand

–1.91.14.41.3–5.3–4.2–2.7–3.2–4.2Public0.6–0.2–1.4–3.1–3.9–4.5–5.5–5.1–4.4Private






3 7283 8003 7573 5983 5503 7483 9144 0224 154Public16 16816 07616 10516 33116 85417 54318 37619 44120 483Private




TR E N D ( $ m )


2016–172015–162014–15

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



0.10.80.40.3—–0.41.40.51.1State final demand

–1.012.85.311.9–9.92.9–3.4–7.42.0Public–1.4–2.8–2.9–4.12.2–5.93.31.7–2.0Private


0.60.80.70.80.30.80.90.61.2Households–0.11.71.40.6–0.60.72.20.43.6General government




1 1461 1581 0269748719669399721 050Public4 2174 2774 3994 5304 7244 6244 9164 7614 684Private





0.40.50.50.2—0.20.61.01.0State final demand

3.18.39.34.0–1.4–3.6–3.2–2.7–4.2Public–1.7–2.8–2.7–2.6–2.1–1.00.11.73.4Private






1 1511 1171 0319439079209559861 014Public4 2174 2904 4124 5354 6544 7524 7994 7944 714Private




TR E N D ( $ m )


2016–172015–162014–15

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



–3.8–2.7–1.5–1.9–1.00.3–0.90.4–0.7State final demand

–20.029.7–6.04.3–16.47.54.8–1.5–7.4Public–11.7–13.2–5.4–6.1–1.5–1.2–3.40.4–2.2Private


0.70.50.6—0.50.50.30.30.4Households0.81.31.30.50.11.30.30.92.1General government




1 9122 3891 8421 9601 8792 2472 0901 9942 024Public12 76814 45516 66017 61418 75319 03319 26119 93919 860Private





–2.8–2.6–2.2–1.4–0.9–0.40.1–0.3–0.8State final demand

0.83.41.7–4.0–5.5–0.93.64.0–3.6Public–10.7–10.3–8.2–4.5–2.6–1.7–1.2–2.4–2.6Private






2 0131 9971 9321 9001 9782 0942 1132 0381 960Public13 04414 61416 29917 75318 59219 07919 41819 66320 140Private




TR E N D ( $ m )


2016–172015–162014–15

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



–0.31.1–0.20.40.71.50.4–0.21.3State final demand

–12.013.1–3.910.8–15.42.8–2.2–5.1–1.3Public1.0–0.4–1.7–4.0–1.53.72.7–0.210.0Private


0.40.60.30.51.81.40.20.40.1Households–0.71.40.41.22.8–0.2–0.1–0.7—General government




303345305317286338329337355Public1 0261 0161 0201 0381 0811 0971 0591 0311 033Private






–0.52.83.5–0.6–4.7–4.0–2.0–3.4–6.3Public0.2–0.6–2.1–2.6–0.71.13.13.42.7Private


0.40.40.40.91.21.20.70.20.2Households0.20.51.01.61.40.7–0.4–0.40.4General government




320322313302304319333340351Public1 0201 0181 0251 0471 0751 0821 0701 0381 004Private




TR E N D ( $ m )


2016–172015–162014–15

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



4.72.11.1–6.0–7.3–2.5—–0.72.4State final demand

19.0–0.918.3–11.926.8–26.5–49.9189.8–9.8Public10.05.3–2.5–17.4–20.4–4.710.5–14.76.0Private


–0.11.12.42.11.11.70.20.2–0.2Households2.60.30.70.1—1.11.50.20.9General government




412346349295335264359716247Public2 4412 2182 1062 1592 6143 2843 4473 1203 657Private





3.02.3–0.5–5.2–4.7–2.2–0.61.01.2State final demand

8.48.38.0—1.37.813.82.6–11.8Public6.53.8–4.8–14.7–14.9–10.7–5.03.78.0Private


0.71.21.72.01.61.10.60.1–0.3Households1.21.00.50.10.40.81.00.80.7General government




393362335310310306284249243Public2 3622 2192 1382 2462 6323 0913 4603 6433 513Private




TR E N D ( $ m )


2016–172015–162014–15

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



–1.34.22.01.5–1.61.31.5–1.43.3State final demand

–10.816.63.311.6–18.51.05.4–9.922.8Public2.43.88.0–4.13.24.1–6.6–0.90.8Private


0.30.50.71.30.71.20.60.90.6Households–1.24.41.71.1–1.01.12.5–1.22.5General government




1 1471 2861 1031 0689571 1741 1621 1031 224Public1 1841 1561 1141 0321 0761 0431 0011 0721 082Private






0.66.18.64.1–2.5–5.7–4.40.54.5Public3.44.03.22.21.1–0.2–1.3–2.2–0.9Private






1 2041 1961 1271 0389981 0241 0851 1361 130Public1 1861 1481 1041 0701 0471 0351 0371 0511 075Private




TR E N D ( $ m )


2016–172015–162014–15

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.na not available

414 187411 126408 555401 736400 515398 223397 808394 805391 132Total use of gross disposable income

78 03876 88575 76974 72373 74872 90871 93370 89269 786Consumption of fixed capital

12 81111 99914 64712 13215 35617 29422 59424 06724 341Total national net saving

nananananananananaOther sectors16 38217 27917 48515 24818 33220 01217 60121 66221 247Households–6 003–7 932–8 081–4 449–5 409–6 329–2 791–6 700–5 923General government

National net saving(a)


Final consumption expenditureUse of gross disposable income

414 187411 126408 555401 736400 515398 223397 808394 805391 132Gross disposable income

–684–622–633–607–652–756–785–802–760Other current transfers401392375365353349386330341Current taxes on income, wealth, etc

Net secondary income from non-residents

414 470411 356408 813401 978400 814398 630398 207395 277391 551Gross national income

–6 393–8 333–6 278–11 119–11 071–9 162–8 333–7 797–8 227Net primary income from non-residents42 66143 30242 74342 19842 19940 91040 90440 09339 531Taxes less subsidies on production and imports36 00038 19836 09735 32436 04235 46434 79133 32932 064Gross mixed income

136 268134 844133 259134 469133 906133 723135 223134 519133 395Gross operating surplus205 934203 345202 991201 105199 738197 694195 623195 132194 789Compensation of employees


414 766411 128407 248403 225400 226398 590396 943394 624392 515Total use of gross disposable income

77 99576 89175 78774 73473 78372 87271 92670 88869 771Consumption of fixed capital

12 71612 85113 10313 45915 04718 11721 36723 81725 990Total national net saving

nananananananananaOther sectors17 04016 91516 76316 89917 32218 03118 83119 87621 270Households–7 401–7 348–6 982–6 273–5 131–4 600–4 811–5 462–6 341General government

National net saving(a)


Final consumption expenditureUse of gross disposable income


–661–640–620–623–669–735–790–790–745Other current transfers398390377362358360358350343Current taxes on income, wealth, etc

Net secondary income from non-residents

415 032411 379407 491403 485400 537398 965397 375395 063392 917Gross national income

–6 656–7 217–8 412–9 846–10 435–9 738–8 362–7 839–8 360Net primary income from non-residents43 02042 93842 77042 39741 83541 28840 61540 11140 002Taxes less subsidies on production and imports37 03736 87836 45535 93035 62435 46534 63333 38832 256Gross mixed income

135 775134 799134 113133 777133 966134 355134 421134 278134 479Gross operating surplus205 502203 997202 590201 227199 547197 596196 068195 125194 540Compensation of employees

TR E N D

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


2016–172015–162014–15

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)

90 71488 69690 24286 68688 94390 05994 39394 82994 002Total capital accumulation and net

lending

–11 490–16 104–15 127–23 184–20 512–20 996–13 629–11 551–13 246Net lending to non-residents–2 860–1 9971702 9893 5513 193–971–257–1 470Statistical discrepancy(a)

–2–27–1——112–16Acquisitions less disposals of non-produced

non-financial assets

1 388360–535386–190–538849–8431 994Total changes in inventories

–40228167193–56–57–207–135108Public authorities–82–2316769–122–233–64273–59Farm

1 510362–769125–11–2481 119–9811 945Private non-farmChanges in inventories


13 51915 87613 11912 62512 03713 62312 78312 70012 791General government5 3165 2445 0155 6795 1884 9655 1074 7944 946Public corporations

84 84385 34387 59888 18988 86989 81090 25489 98689 002PrivateGross fixed capital formation

90 71488 69690 24286 68688 94390 05994 39394 82994 002Gross saving and capital transfers

134188175170161143134129124less Payable to non-residents—————————Receivable from non-residents

Capital transfers78 03876 88575 76974 72373 74872 90871 93370 89269 786Consumption of fixed capital12 81111 99914 64712 13215 35617 29422 59424 06724 341National net saving


90 43289 58188 73288 02088 67390 84493 15794 57795 641Total capital accumulation and net

lending

–11 958–14 751–17 755–20 737–21 504–19 064–15 039–12 929–12 100Net lending to non-residents–3 252–1 4465202 6343 3132 305553–436–562Statistical discrepancy(a)

–12–12–8–221123Acquisitions less disposals of non-produced

non-financial assets

82842454–195–76–141–15594835Total changes in inventories

701461821369–114–163–7569Public authorities–146–87–15–7–101–131–276038Farm927363–120–32516104175610729Private non-farm



14 03613 84213 27912 69412 57212 78512 71012 48412 394General government5 2805 1905 1155 0815 1045 0794 9504 9165 089Public corporations

85 14886 31987 39588 28289 03089 75790 06089 81089 462PrivateGross fixed capital formation

90 43289 58188 73288 02088 67390 84493 15794 57795 641Gross saving and capital transfers

157169176172158146136128120less Payable to non-residents—————————Receivable from non-residents

Capital transfers77 99576 89175 78774 73473 78372 87271 92670 88869 771Consumption of fixed capital12 71612 85113 10313 45915 04718 11721 36723 81725 990National net saving

TR E N D

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


2016–172015–162014–15

NATIONAL CAPITAL ACCOUNT, Cur rent pr i ces33


(a) Contains withholding taxes on royalties.— nil or rounded to zero (including null cells)

11 49216 13115 12823 18420 51220 99513 62811 54913 262Total capital accumulation and net lending (+) /

net borrowing (-)

11 49016 10415 12723 18420 51220 99613 62911 55113 246Net lending (+) / net borrowing (-)2271——–1–1–216

Acquisitions less disposals of non-producednon-financial assets

11 49216 13115 12823 18420 51220 99513 62811 54913 262Balance on external income and capital transfers

—————————Capital transfers payable by non-residents134188175170161143134129124Capital transfers receivable by non-residents

Capital account

11 35815 94314 95323 01420 35120 85213 49411 42013 138Balance on external income account

2 2942 3392 3102 3252 2862 2482 2542 1902 185Current transfers(a)Secondary income payable by non-residents

14 52214 24013 77712 20211 33212 02112 11012 59812 820Property income693664707696740730678669630Compensation of employees

Primary income payable by non-residents81 14078 28175 88477 44780 00576 63781 81580 70479 112Exports of goods and services

Use of income by non-residents

2 5772 5692 5682 5672 5852 6552 6532 6622 604Current transfersSecondary income receivable by non-residents

19 82421 47219 05922 33321 41420 26419 50819 42220 152Property income1 7841 7651 7031 6841 7291 6491 6131 6421 525Compensation of employees

Primary income receivable by non-residents85 82385 66184 29989 09988 98687 91986 57783 85683 603Imports of goods and services

Income of non-residentsIncome account


11 97014 76317 76320 73821 50219 06215 03612 93612 119Total capital accumulation and net lending (+) /

net borrowing (-)

11 95814 75117 75520 73721 50419 06415 03912 92912 100Net lending (+) / net borrowing (-)121282–2–1–1–2–3

Acquisitions less disposals of non-producednon-financial assets

11 97014 76317 76320 73821 50219 06215 03612 93612 119Balance on external income and capital transfers

—————————Capital transfers payable by non-residents157169176172158146136128120Capital transfers receivable by non-residents

Capital account

11 60214 60217 59920 56621 34418 91614 90012 80711 999Balance on external income account

2 3102 3192 3232 3112 2882 2622 2312 2082 193Current transfers(a)Secondary income payable by non-residents

14 62914 19613 37712 38711 73411 73912 24812 55712 399Property income684682691713727719694661634Compensation of employees

Primary income payable by non-residents80 05278 21877 17677 03178 02179 29980 06880 26180 516Exports of goods and services

Use of income by non-residents

2 5742 5702 5652 5722 6002 6372 6632 6472 595Current transfersSecondary income receivable by non-residents

20 12320 35120 76921 24321 20920 52919 66419 46819 852Property income1 7821 7491 7201 7041 6871 6681 6391 5891 540Compensation of employees

Primary income receivable by non-residents85 15185 36586 22987 70788 74788 08586 09984 51983 834Imports of goods and services

Income of non-residentsIncome account

TR E N D

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


2016–172015–162014–15

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.

375 324372 577369 510366 324362 987359 814356 822354 032351 496Total use of gross income

27 94627 54527 14926 79126 50726 25025 96425 58025 094Consumption of fixed capital17 04016 91516 76316 89917 32218 03118 83119 87621 270Net saving(f)

243 485241 752239 886237 818235 307232 539229 791227 360225 258Final consumption expenditure(e)


86 85386 36585 71284 81783 85182 99482 23681 21679 873Total income payable

67 66067 17866 64066 02665 42864 77564 04362 97261 584Total secondary income payable

3 1653 2023 2373 1693 0482 9732 9372 9212 865Other sectors1 3161 3081 2991 3011 3221 3501 3761 3741 346Non-residents

Other current transfers1 3401 3301 3131 2961 2921 3001 3101 3031 281Other current taxes on income, wealth etc.8 9478 8668 7838 6998 6128 5248 4398 3618 294Net non-life insurance premiums2 6942 6742 6542 6372 6242 6132 5992 5792 553Social contributions for workers' compensation

50 19949 79849 35348 92448 53048 01547 38346 43345 244Income tax payableSecondary income payable

19 19319 18719 07218 79118 42318 21818 19218 24418 289Total primary income payable

19 19319 18719 07218 79118 42318 21818 19218 24418 289Total property income payable

1 7321 7091 6711 6221 5831 5711 5771 5801 580Property income payable by unincorporated

enterprises(d)

3 0143 0353 0302 9892 9182 8522 7902 7502 725Consumer debt interest14 24614 24214 16713 97313 71213 58213 60813 69513 765Interest on dwellings

Property income payable(c)Primary income payable

Uses of income

375 324372 577369 510366 324362 987359 814356 822354 032351 496Total gross income

56 74956 14555 58855 16354 66054 25854 08354 17154 233Total secondary income receivable

121111101928995108120126Other sectors1 1551 1601 1611 1531 1351 1171 1001 0891 087Non-residents

Other current transfers9 5069 0728 6928 7279 0159 1469 0608 8428 729Current transfers to non-profit institutions

10 08810 0029 8909 6859 4469 2088 9778 8338 736Non-life insurance claims

33 20433 13533 08932 85932 33032 04732 19632 65532 937Social assistance benefits2 6762 6652 6552 6482 6462 6462 6422 6322 617Workers' compensation

Social benefits receivableSecondary income receivable

318 575316 433313 922311 161308 326305 556302 740299 860297 263Total primary income receivable

42 51842 30941 89141 25940 65840 29740 18139 86539 408Property income receivable(b)(c)204 394202 932201 564200 237198 588196 647195 123194 197193 633Compensation of employees

37 03736 87836 45535 93035 62435 46534 63333 38832 256Gross mixed income34 62634 31334 01333 73533 45733 14632 80332 41031 966

Gross operating surplus–dwellings owned bypersons

Primary income receivableIncome

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


2016–172015–162014–15

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.


27 97127 53927 14026 78526 47426 27825 96825 58625 134Consumption of fixed capital16 38217 27917 48515 24818 33220 01217 60121 66221 247Net saving(f)

243 485241 833239 758238 066235 192232 615229 646227 397225 102Final consumption expenditure(e)




3 0933 2743 2073 1853 1802 6683 1982 8422 829Other sectors1 3281 2921 3121 2971 3031 3731 3651 3761 366Non-residents

Other current transfers1 3351 3331 3211 2921 2761 3121 3131 2921 304Other current taxes on income, wealth etc.8 9488 8668 7828 6988 6148 5238 4398 3618 289Net non-life insurance premiums2 6962 6742 6542 6372 6222 6142 5992 5802 555Social contributions for workers' compensation

50 42349 57649 42849 02848 31548 12847 48446 30745 536Income tax payableSecondary income payable



1 7121 7241 6811 6211 5591 5891 5731 5801 586Property income payable by unincorporated

enterprises(d)

2 9843 0503 0473 0002 8942 8552 8082 7302 706Consumer debt interest14 14414 30414 21813 99313 68913 51113 61313 76913 736Interest on dwellings

Property income payable(c)Primary income payable

Uses of income



109127977710984102128138Other sectors1 1431 1691 1651 1471 1421 1081 1051 0871 082Non-residents

Other current transfers9 8138 7458 9188 4048 84310 0238 2219 1768 681Current transfers to non-profit institutions

10 06510 1039 7299 8879 41110 4389 3059 8238 742Non-life insurance claims

32 90433 41133 11932 49533 16031 28432 04533 17632 740Social assistance benefits2 6782 6652 6542 6472 6432 6482 6442 6322 614Workers' compensation

Social benefits receivableSecondary income receivable


42 46941 99842 48141 17740 13240 70640 13739 75139 684Property income receivable(b)(c)204 843202 244201 995200 117198 749196 775194 687194 159193 894Compensation of employees36 00038 19836 09735 32436 04235 46434 79133 32932 064Gross mixed income34 68434 28033 97633 78833 43133 14832 80232 43531 965

Gross operating surplus–dwellings owned bypersons

Primary income receivableIncome

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


2016–172015–162014–15

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.


9 4189 3069 1959 0888 9838 8808 7778 6778 579Consumption of fixed capital–7 401–7 348–6 982–6 273–5 131–4 600–4 811–5 462–6 341Net saving(b)80 55379 62278 46977 23676 10675 06573 86972 53971 465Final consumption expenditure




10 74110 1399 5389 3229 4619 6399 6829 4889 311Other sectors458461460456454457456449442Non-residents

Other current transfers33 20433 13533 08932 85932 33032 04732 19632 65532 937Social assistance benefits in cash to residents

Secondary income payable


5 5995 5765 5255 4785 5045 5515 5695 5265 426Subsidies


—————————Rent on natural assets

7 0637 2637 4107 4587 3847 3387 4267 5927 744Total interest

3 6703 8493 9904 0163 8973 8303 9244 1234 322Other interest3 3943 4143 4203 4433 4883 5083 5023 4703 423On unfunded superannuation liabilities

InterestProperty income payable

Primary income payableUses of income



5 4645 2845 0644 7804 5394 3604 1674 0964 111Other current transfers

67 68067 22466 87666 71666 68866 32865 65964 47763 152Total current taxes

1 3401 3301 3131 2961 2921 3001 3101 3031 281Other current taxes on income, wealth etc.

66 34065 89365 56265 42065 39665 02864 34963 17461 871Total income tax

687678666650641634626619607Non-residents15 45515 41815 54315 84616 22516 37916 34016 12316 020Resident corporations50 19949 79849 35348 92448 53048 01547 38346 43345 244Individuals

Income tax fromCurrent taxes on income, wealth etc.

Secondary income receivable


8 4037 8167 2957 1807 5327 9588 3558 5828 488Total property income receivable

2 2792 2532 2712 3102 4012 5012 5702 6252 738Rent on natural assets(a)

4 6224 0463 5023 3643 6083 8744 1444 2974 089Total dividends

1 3781 2531 1101 0981 2371 3211 3001 2651 190Other1 4571 044724655701701794934920Public financial corporations1 7871 7491 6681 6111 6701 8522 0492 0981 978Public non-financial corporations

Dividends1 5021 5181 5221 5061 5231 5831 6411 6591 662Interest

Property income receivable48 67048 52448 27447 86047 34946 85146 20645 63445 234Taxes on production and imports

9 4189 3069 1959 0888 9838 8808 7778 6778 579Gross operating surplusPrimary income receivable

Income

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


2016–172015–162014–15

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.


9 4189 3079 1959 0878 9838 8818 7778 6768 577Consumption of fixed capital–6 003–7 932–8 081–4 449–5 409–6 329–2 791–6 700–5 923Net saving(b)79 85480 40978 38076 81476 21975 40673 63672 44971 904Final consumption expenditure




10 73910 2189 6358 8199 51010 9868 8159 9179 481Other sectors449467463453448463457447440Non-residents

Other current transfers32 90433 41133 11932 49533 16031 28432 04533 17632 740Social assistance benefits in cash to residents

Secondary income payable


5 6095 5495 5935 4265 4595 5895 6445 4065 512Subsidies


—————————Rent on natural assets

6 9347 3147 4817 4577 3397 4097 2907 6247 859Total interest

3 5453 8974 0544 0133 9213 7883 8374 2034 347Other interest3 3893 4173 4263 4443 4183 6213 4543 4213 512On unfunded superannuation liabilities

InterestProperty income payable

Primary income payableUses of income



5 3385 5484 8854 7704 7364 0434 4913 8924 078Other current transfers

68 13666 89666 74167 41666 52066 35065 93364 24663 988Total current taxes

1 3351 3331 3211 7531 2761 3121 3131 2921 688Other current taxes on income, wealth etc.

66 80065 56365 42065 66365 24365 03864 62162 95462 300Total income tax

693680657661638616658592616Non-residents15 68515 30715 33615 97416 29016 29416 47816 05516 148Resident corporations50 42349 57649 42849 02848 31548 12847 48446 30745 536Individuals

Income tax fromCurrent taxes on income, wealth etc.

Secondary income receivable


8 7618 0086 7547 2147 7977 8188 2478 6838 853Total property income receivable

2 3602 1942 2322 3742 4122 3652 7652 5642 635Rent on natural assets(a)

4 9074 3192 9613 3243 9213 8723 7644 5014 585Total dividends

1 3431 4539161 0871 1981 5411 1671 1261 459Other1 8209964476361 0744795721 2051 048Public financial corporations1 7441 8701 5991 6001 6491 8532 0252 1702 078Public non-financial corporations

Dividends1 4941 4961 5611 5161 4631 5801 7181 6181 633Interest

Property income receivable48 25148 98348 21147 61547 67346 59746 42545 49845 095Taxes on production and imports

9 4189 3079 1959 0878 9838 8818 7778 6768 577Gross operating surplusPrimary income receivable

Income

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


2016–172015–162014–15

GENERAL GOVERNMENT INCOME ACCOUNT, Cur ren t pr ices : Seasona l l y Adjus ted38


116 406115 816115 114114 936114 200113 001112 410109 692109 034Total taxes

1 1691 1761 2411 3751 5871 9122 0592 0351 935Other taxes2 4982 4862 5332 4392 4142 4282 3952 3322 308Motor vehicle taxes1 4241 4171 4261 4031 3621 2901 2841 3261 332Taxes on insurance1 4951 5091 5791 5231 4861 4991 4201 4311 428Taxes on gambling3 2834 0393 4463 2443 3132 9512 7442 4782 338Taxes on international trade5 4315 5675 5955 4465 6445 9846 1056 0846 330Excise taxes

15 42715 37015 21115 02714 72914 37814 23813 99913 862Goods and services tax379383377375369359341331338Sales taxes

5 4085 4915 5785 9205 6845 0015 2424 8805 079Taxes on financial and capital

transactions

4 4784 4154 3524 2924 2354 1804 1224 0644 006Municipal and metropolitan

improvement rates

2 1412 0862 0211 9491 8711 7571 6781 6301 610Land taxes6 4736 3136 3366 2816 2666 2266 1616 1496 168Payroll taxes

66 80065 56365 42065 66365 24365 03864 62162 95462 300Total taxes on income

693680657661638616658592616Non-residents15 68515 30715 33615 97416 29016 29416 47816 05516 148Resident corporations

50 42349 57649 42849 02848 31548 12847 48446 30745 536Total individuals

1 1761 1631 1741 1891 2141 2491 2351 1861 084Other1 0901 0761 0741 0641 0571 0471 0361 0361 037Fringe benefit taxes

48 15747 33847 18046 77446 04445 83245 21344 08643 415Net tax instalmentsIndividuals

Taxes on income


116 381115 767115 166114 582114 047113 203111 904110 093108 275Total taxes

1 1511 1861 2551 3901 6251 8732 0362 0391 895Other taxes2 5062 5042 4892 4602 4322 4102 3872 3472 305Motor vehicle taxes1 4241 4231 4181 3971 3511 3081 2831 3191 396Taxes on insurance1 5031 5281 5401 5341 5041 4691 4471 4281 414Taxes on gambling3 6213 6353 5543 3803 1672 9932 7202 5042 427Taxes on international trade5 4985 5255 5285 5495 6895 8976 0706 1806 286Excise taxes

15 46115 34815 20514 99814 71814 43714 19114 01713 908Goods and services tax381380378375368356343335334Sales taxes

5 4475 4825 5475 5505 4435 2765 0984 8964 659Taxes on financial and capital

transactions

4 4774 4154 3534 2934 2354 1794 1224 0644 006Municipal and metropolitan

improvement rates

2 1452 0842 0201 9491 8591 7641 6821 6331 614Land taxes6 4276 3656 3176 2876 2616 2146 1766 1586 161Payroll taxes

66 34065 89365 56265 42065 39665 02864 34963 17461 871Total taxes on income

687678666650641634626619607Non-residents15 45515 41815 54315 84616 22516 37916 34016 12316 020Resident corporations

50 19949 79849 35348 92448 53048 01547 38346 43345 244Total individuals

1 1681 1691 1751 1921 2201 2411 2351 1781 071Other1 0871 0791 0721 0651 0561 0461 0391 0361 036Fringe benefit taxes

47 94447 55047 10746 66746 25345 72845 11044 21943 136Net tax instalmentsIndividuals

Taxes on income

TR E N D

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


2016–172015–162014–15

TAXES, Cur ren t pr ices39


(b) Reference year for implicit price deflators is 2014–15.(c) For definitions see Glossary.(d) Change on preceding quarter.


1.30.30.30.30.40.40.2—–0.1Average non-farm compensation per employee (%)

3.00.70.70.70.91.00.80.50.3Non-farm compensation of employees (%)

1.10.30.30.20.30.40.2——Average compensation per employee (%)

Income related measures

–9.3–2.5–2.3–2.4–2.5–2.6–2.2–1.6–1.2New Private business investment–current prices (%)

–8.9–2.2–2.1–2.2–2.8–3.2–2.9–2.2–1.4New Private business investment–chain volume(a)

(%)

New private business investment

4.70.1–0.81.24.12.61.91.92.5Farm GDP–implicit price deflator(b) (%)

3.72.40.60.40.2–0.81.14.35.1Farm GDP–current prices (%)

–0.92.31.4–0.8–3.7–3.3–0.82.42.5Farm GDP–chain volume(a) (%)

1.10.80.50.1–0.3–0.3–0.1—–0.2Non-farm GDP–implicit price deflator(b) (%)

3.41.00.90.80.60.40.50.50.3Non-farm GDP–current prices (%)

2.30.20.40.70.90.70.60.60.5Non-farm GDP–chain volume(a) (%)

Farm and non-farm GDP

2.10.40.50.60.60.50.60.60.6Production–GDP(P) (%)

1.5—0.20.50.80.80.80.70.5Income–GDP(I) (%)

3.00.40.61.01.00.50.40.50.5Expenditure–GDP(E) (%)

Chain volume measures of GDP(a)

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

. .19 14119 07619 02218 97018 89618 81218 77918 786Average non-farm compensation per employee ($)

. .204 006202 516201 121199 763198 073196 106194 573193 640Non-farm compensation of employees ($m)

. .18 99218 92918 87918 83918 77918 70318 66818 668Average compensation per employee ($)

. .24.224.324.424.524.825.125.425.7Profits share of total factor income (%)

. .54.354.354.354.254.153.853.753.8Wages share of total factor income (%)


. .0.3690.3710.3770.3860.3930.3920.3850.380Imports to domestic sales (quotient)

. .63 86764 47265 55967 14968 33268 09766 73365 613Imports of merchandise goods ($m)

. .0.6210.6190.6190.6230.6250.6200.6150.614Private non-farm inventories to total sales (quotient)

. .235 165234 288234 006234 303235 530236 950237 339236 984Total sales ($m)

. .173 176173 841174 053173 969173 877173 840173 283172 681Domestic sales ($m)

. .145 931144 951144 851145 904147 134146 912146 013145 517Private non-farm inventory levels–book values ($m)

. .131 342130 789130 460130 420130 706130 728130 567130 402Private non-farm inventory levels–chain volume(a)

($m)

Inventories and sales

. .54 85556 24357 59258 98160 49962 10363 48964 550New Private business investment–current prices ($m)

. .54 25955 49556 66957 92959 57561 57563 42964 826New Private business investment–chain volume(a)

($m)

New private business investment(c)

. .110.3110.1110.9109.6105.3102.6100.798.8Farm GDP–implicit price deflator(b) (index)

. .8 9798 7668 7128 6768 6568 7258 6318 276Farm GDP–current prices ($m)

. .8 1437 9627 8527 9148 2198 5038 5758 376Farm GDP–chain volume(a) ($m)

. .100.799.999.499.399.699.9100.0100.0Non-farm GDP–implicit price deflator(b) (index)

. .414 071409 955406 117402 734400 402398 774396 855394 820Non-farm GDP–current prices ($m)

. .411 216410 380408 666405 636402 099399 384396 998394 738Non-farm GDP–chain volume(a) ($m)


. .418 471416 907414 837412 283409 895407 911405 556402 976Production–GDP(P) ($m)

. .418 203418 355417 645415 517412 187408 954405 646402 791Income–GDP(I) ($m)

. .421 207419 671417 031412 838408 914406 775405 264403 361Expenditure–GDP(E) ($m)


L E V E L S


Sep 15 to

Sep 16

2016–172015–162014–15

SELECTED ANALYT ICAL SERIES: Trend40


(b) Reference year for implicit price deflators is 2014–15.(c) For definitions see Glossary.(d) Change on preceding quarter.


1.10.7–0.20.8–0.20.80.4–0.3–0.3Average non-farm compensation per employee (%)

3.11.30.20.90.71.11.10.20.2Non-farm compensation of employees (%)

1.10.8–0.40.8–0.20.60.5–0.3–0.2Average compensation per employee (%)


–8.9–3.2–1.7–2.9–1.4–4.1–1.1–2.1–0.9New Private business investment–current prices (%)

–8.5–3.2–1.4–2.5–1.7–4.9–1.9–2.7–1.0New Private business investment–chain volume(a)

(%)

New private business investment

–5.6–13.91.75.81.92.70.76.0–3.2Farm GDP–implicit price deflator(b) (%)

–3.4–7.0–1.48.2–2.6–2.5–0.310.5–0.2Farm GDP–current prices (%)

2.38.0–3.02.3–4.5–5.2–1.04.23.2Farm GDP–chain volume(a) (%)

1.41.30.7–0.3–0.4–0.1–0.1–0.40.3Non-farm GDP–implicit price deflator(b) (%)

3.10.71.40.60.30.9—0.70.7Non-farm GDP–current prices (%)

1.8–0.60.71.00.70.90.11.00.4Non-farm GDP–chain volume(a) (%)


1.8–0.20.60.90.40.50.50.90.4Production–GDP(P) (%)

1.0–0.70.40.70.71.00.41.10.6Income–GDP(I) (%)

2.5–0.50.91.40.80.9–0.61.30.3Expenditure–GDP(E) (%)


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

. .19 15819 03019 07618 91918 94818 80218 73218 794Average non-farm compensation per employee ($)

. .204 431201 870201 523199 639198 278196 191194 127193 648Non-farm compensation of employees ($m)

. .19 02218 86718 93718 78918 82218 70818 61418 677Average compensation per employee ($)

. .24.424.224.224.724.725.025.625.7Profits share of total factor income (%)

. .54.554.054.554.254.053.953.553.8Wages share of total factor income (%)


. .0.3730.3710.3690.3900.3970.3900.3850.379Imports to domestic sales (quotient)

. .64 28664 84664 01868 06568 54268 06366 76065 286Imports of merchandise goods ($m)

. .0.6250.6150.6180.6240.6250.6250.6090.611Private non-farm inventories to total sales (quotient)

. .235 386235 128232 282234 859236 383235 208239 157237 344Total sales ($m)

. .172 554174 646173 659174 505172 865174 655173 437172 366Domestic sales ($m)

. .147 216144 498143 521146 468147 750147 034145 598145 116Private non-farm inventory levels–book values ($m)

. .131 757130 565130 184130 634130 671130 673130 906129 602Private non-farm inventory levels–chain volume(a)

($m)

Inventories and sales

. .54 65256 45257 45359 17460 01962 57763 29164 681New Private business investment–current prices ($m)

. .53 99955 76656 58158 01359 04362 07363 25565 010New Private business investment–chain volume(a)

($m)

New private business investment(c)

. .99.5115.6113.6107.4105.4102.6101.996.1Farm GDP–implicit price deflator(b) (index)

. .8 3078 9359 0588 3738 6008 8258 8498 009Farm GDP–current prices ($m)

. .8 3507 7327 9747 7978 1608 6038 6888 334Farm GDP–chain volume(a) ($m)

. .101.199.899.099.499.799.899.9100.3Non-farm GDP–implicit price deflator(b) (index)

. .413 825410 943405 110402 509401 253397 734397 745395 080Non-farm GDP–current prices ($m)

. .409 338411 942409 070405 140402 293398 548398 131394 075Non-farm GDP–chain volume(a) ($m)


. .417 245417 929415 256411 443409 975408 012406 115402 327Production–GDP(P) ($m)

. .416 558419 612418 073415 208412 453408 236406 574402 257Income–GDP(I) ($m)

. .419 262421 481417 803412 160408 932405 181407 722402 655Expenditure–GDP(E) ($m)


L E V E L S


Sep 15 to

Sep 16

2016–172015–162014–15

SELECTED ANALYT ICAL SERIES, Seasona l l y ad jus ted41



1 660 0271 617 0161 578 7841 538 6341 500 0841 447 4791 413 9291 386 1251 361 456Gross domestic product

–210————————Statistical discrepancy (E)340 781341 683337 756345 499345 006309 528280 741263 778273 806Imports of goods and services339 633318 298298 361281 550267 231254 492252 151239 824235 698Exports of goods and services

1 661 3851 640 4011 619 7921 604 5211 581 4431 507 1281 445 7751 413 3771 404 507Gross national expenditure

–2171 360–3 3671 4784 3144 684–1 692–5 9674 050Total changes in inventories

550–29132–18363182368–2 133–1 770Public authorities–517113867357951 047–430–1271 228Farm–2501 640–3 7591 0122 8473 365–1 443–4 6143 638Private non-farm


1 661 6021 639 0411 621 7961 600 9431 573 9681 497 8161 443 9901 413 7321 393 235Domestic final demand




36 27034 59436 25136 94237 77039 05840 61430 61626 563State and local

16 76317 47416 49214 98217 20216 24215 91013 67813 073Total national


General government





37 67737 84736 96037 09436 05532 75931 22830 40430 241Total intellectual property products2 2312 1001 9611 8731 7851 7131 5671 4211 300Artistic originals

13 85412 45510 84710 0719 5598 8418 2187 6097 562Computer software3 2675 3676 7967 9257 3986 7036 4336 7676 257Mineral and petroleum exploration


2 9542 8553 5264 0193 9644 8353 5914 1033 873Cultivated biological resources





–4 365–3 663–3 749–4 331–1 861–1 245–1 638–1 777–1 134Net purchases of second hand assets65 25986 428107 348108 71597 53263 38850 69354 50242 179New engineering construction47 42247 27044 97643 55940 81737 17534 11739 86541 491New building


95 05585 78379 54575 90576 85481 67178 70377 77678 917Total dwellings



1 245 9801 208 0491 178 0591 150 9371 136 1451 104 1021 064 6321 042 1791 029 548Total final consumption expenditure

941 618914 653891 265868 055854 940833 519802 936785 068782 665Households


181 076176 221171 385169 913168 228162 502159 534155 800151 528State and local123 286117 175115 395112 921112 890108 034102 118101 26995 139Total national

97 56693 51593 13691 12490 15884 47880 79180 09875 028National–Non-defence25 72023 66022 22921 77022 74523 61821 38521 22820 164National–defence


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

2015–162014–152013–142012–132011–122010–112009–102008–092007–08

EXPENDITURE ON GDP, Cha in volume measures(a) : Annua l42


— nil or rounded to zero (including null cells)


–268————————Statistical discrepancy (E)349 139341 683335 247318 933318 859283 397264 754282 178263 381Imports of goods and services312 312318 298330 976301 617317 293298 052252 154283 461232 747Exports of goods and services

1 691 5801 640 4001 594 2121 544 8451 493 3071 395 7871 310 1081 257 9971 209 443Gross national expenditure

–1051 360–1 9012 0775 1786 073–2 176–3 5144 527Total changes in inventories

531–29141–22065764300–983–891Public authorities–181113784175561 142–487–8831 798Farm–4551 640–2 3201 8803 9654 867–1 989–1 6483 620Private non-farm


1 691 6851 639 0401 596 1131 542 7681 488 1291 389 7141 312 2841 261 5111 204 916Domestic final demand




36 51934 59435 54936 00236 41637 29038 54129 83224 874State and local

17 36317 47416 04814 48316 67016 13316 18514 31512 931Total national


General government





37 12037 84737 52037 75736 53633 15931 69431 08430 379Total intellectual property products2 2592 1001 9501 8091 6801 5791 4001 2371 098Artistic originals

13 23112 45511 34911 04910 90710 49010 2009 92010 080Computer software3 1675 3676 9327 8497 1506 2105 7276 0345 496Mineral and petroleum exploration


3 2852 8553 4784 1604 2395 1683 5173 6733 958Cultivated biological resources





–4 420–3 663–3 677–4 202–1 802–1 193–1 555–1 733–1 066Net purchases of second hand assets65 66586 428105 976105 52792 52659 49346 41749 73636 576New engineering construction48 19647 27044 01542 28239 50636 23332 34238 51238 809New building


98 00885 78376 31170 48969 92173 63069 08966 27364 844Total dwellings



1 266 5811 208 0491 161 6701 110 4091 070 7451 013 365952 605906 581866 104Total final consumption expenditure

954 759914 653878 420835 544801 183761 638719 001685 579663 844Households


185 918176 222168 286165 770161 772152 227142 456133 137122 645State and local125 903117 174114 964109 095107 79099 50091 14887 86579 615Total national

99 39293 51593 30488 59686 81078 21672 07869 05562 702National–Non-defence26 51223 66021 65920 49920 98021 28319 07018 80916 913National–defence


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

2015–162014–152013–142012–132011–122010–112009–102008–092007–08

EXPENDITURE ON GDP, Cur ren t pr i ces : Annua l43


(a) Includes contributions to superannuation made by employers and payments ofworkers' compensation premiums.

— nil or rounded to zero (including null cells)


–5 361————————Statistical discrepancy (I)170 411161 414159 003149 580139 636136 208128 082119 325123 039Taxes less subsidies on production and imports

1 489 4351 455 5981 430 9371 377 9491 352 1051 274 2341 169 4261 139 9551 055 770Total factor income

145 618135 519122 606117 262117 614116 493108 115102 82298 714Gross mixed income

536 695536 862542 112521 165519 067490 748447 590446 531388 857Total gross operating surplus

135 476130 347123 639116 383109 144102 15397 57690 92982 578Dwellings owned by persons36 57134 91233 33231 62430 12128 71827 47426 90324 608General government

364 648371 604385 141373 158379 801359 877322 540328 699281 671Total corporations89 82984 47878 33072 31666 39265 24362 37263 29752 849Financial corporations

274 819287 126306 811300 842313 409294 634260 168265 402228 822Total non-financial corporations

18 16218 60517 88516 76517 06316 21715 60213 49612 988Public non-financial corporations256 657268 521288 926284 077296 346278 417244 566251 906215 834Private non-financial corporations


807 122783 217766 219739 522715 424666 993613 721590 602568 199Total compensation of employees84 31181 81378 89474 83372 74068 21463 18260 82458 754Employers' social contributions(a)

722 811701 404687 325664 689642 684598 779550 539529 778509 445Wages and salariesCompensation of employees

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

2015–162014–152013–142012–132011–122010–112009–102008–092007–08

INCOME ON GDP, Cur ren t pr ices : Annua l44





5 530————————Statistical discrepancy (P)110 929109 447108 364108 243106 944105 062102 239102 754103 981Taxes less subsidies on products

1 543 5681 507 5691 470 4761 430 7051 393 6181 343 0381 312 2821 284 2411 258 334Gross value added at basic prices


112 316108 129102 39297 49693 89391 07188 26283 93479 262Health care and social assistanceQ78 41776 76475 18273 69772 51271 18770 44068 77566 545Education and trainingP89 45185 19984 62280 91579 80277 67275 48075 15770 898Public administration and safetyO44 82845 51544 24243 59142 75244 18941 88143 73746 839Administrative and support servicesN

103 267103 357101 545101 96297 91093 09687 63581 48577 995Professional, scientific and technical

servicesM

49 89945 50143 82840 66537 81434 96334 32934 04132 261Rental, hiring and real estate services(d)L145 777139 796134 666128 653124 644121 465118 626118 195118 593Financial and insurance servicesK

46 89743 97041 39340 17140 49940 26138 99938 41337 911Information media and telecommunicationsJ

78 36977 59177 55777 89775 26372 23970 09768 94969 474Total

34 63834 23335 30035 45033 44531 26729 65729 06428 197Transport, postal and storage services10 56410 78610 31411 03310 4549 9379 5539 5139 214Rail, pipeline and other transport(c)9 5018 8028 2558 1328 0667 6817 1497 1637 425Air and space transport

23 66723 77023 61323 21523 26923 37623 85323 32524 946Road transportTransport, postal and warehousingI

39 13538 70037 09836 70436 93335 58134 70735 08735 855Accommodation and food servicesH72 04169 85568 01767 12864 99162 84462 05260 93260 750Retail tradeG64 64864 31662 78663 73561 73358 14258 37756 46455 596Wholesale tradeF

134 390130 585132 925127 155123 717112 247109 101108 466104 159ConstructionE

42 80941 95241 18542 24041 93241 68340 55440 11938 451Total

17 08116 70016 32116 77516 37815 75014 77714 36513 889Water supply and waste services1 9471 7691 6301 6541 5171 5941 4591 4541 444Gas


99 272102 151103 722105 250108 847108 134108 299107 756113 600Total

18 98719 64820 02021 40122 44021 50421 94720 64021 504Machinery and equipment15 69016 66017 20416 91118 40618 03017 24418 00618 266Metal products

6 1576 2445 7675 7135 9836 3116 4136 5096 507Non-metallic mineral products18 08118 61319 17719 42620 55820 19520 17019 40121 603

Petroleum, coal, chemical and rubberproducts

3 2633 3503 5283 7053 7494 1714 1744 5345 426Printing and recorded media6 4836 4736 3746 2736 2776 8447 2697 0837 691Wood and paper products5 2835 2485 0975 0875 1455 3605 5566 7907 473

Textile, clothing and othermanufacturing

25 32725 91526 60626 77926 30125 71325 72124 92125 770Food, beverage and tobacco productsManufacturingC

114 237108 178100 42591 54783 74177 87776 22570 65368 412Total


Mining excluding exploration and miningsupport services

14 07114 85515 09915 10615 04914 94713 49912 71813 374Other mining43 21138 73133 54927 51524 64020 94220 41016 39014 768Iron ore mining31 06627 30226 17825 34124 08125 10423 88323 62621 662Oil and gas extraction18 06317 74516 73115 77513 18312 61113 82613 15513 413Coal mining

MiningB

36 47038 57838 26638 00238 21937 68136 37336 66331 105Total



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

2015–162014–152013–142012–132011–122010–112009–102008–092007–08

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

2014–15.

0.1—–0.1–0.2–0.10.2–0.1—Gross domestic product

0.2–0.50.2—0.4–0.80.30.9less Imports of goods and services0.8–0.50.6–0.60.3–0.10.2–0.1Exports of goods and services

0.10.1–0.20.2–0.10.2–0.10.1Gross national expenditure

0.20.1—0.1–0.10.2——Domestic final demand

0.70.2–0.10.7–0.40.70.1–0.3Total gross fixed capital formation

1.3–1.10.10.30.90.9–1.5—Total public gross fixed capital formation

1.8–0.4—–1.00.22.8–0.9–0.1General government–0.7–3.00.14.32.1–3.7–3.00.6Public corporations

Public gross fixed capital formation

0.80.5–0.10.8–0.70.60.4–0.4Total private gross fixed capital formation

0.80.60.60.10.70.70.91.2Intellectual property products10.95.54.5–9.50.2–2.31.4–5.3Cultivated biological resources

1.9–0.4–0.10.5–0.20.1–0.21.6Machinery and equipment–0.6–0.2–0.21.0–1.10.8–0.2–1.6Non-dwelling construction0.6–1.11.6–2.61.00.83.81.0Ownership transfer costs1.02.0–1.02.1–1.80.50.7–0.5Dwellings

Private gross fixed capital formation

—0.10.1–0.2—0.1–0.10.1Total final consumption expenditure

0.1—0.1—————Households0.10.10.3–0.6–0.10.3—0.7General government


JunMarDecSepJunMarDecSep

2015–162014–15

EXPENDITURE ON GDP, Cha in volume measures (a) —Rev is ions to percentage changes(b) :

Seasona l l y ad jus ted46


1 4291 1108221 1612 0181 8411 1991 235Gross domestic product

1 347568730751602–31–19462Statistical discrepancy (I)–72–30–23106–39289360457Taxes less subsidies on production and imports

1555721153041 4541 5831 033716Total factor income

2 3431 0949061 1031 2941 2861 3321 279Gross mixed income

–2 150–1 043–1 308–1 053–31490–571–836Total gross operating surplus

17–26–7–940353325Dwellings owned by persons132134137141149153154150General government320394471450425256–92–85Financial corporations–15–67–90–111–176–156–130–72Public non-financial corporations

–2 604–1 479–1 817–1 524–752–198–534–856Private non-financial corporationsGross operating surplus

–39520517254474208270274Compensation of employees

IN C O M E FR O M GD P

1 4291 1108221 1612 0181 8411 1991 235Gross domestic product

–2 286–1 507–849–539–85–324443209Statistical discrepancy (E)312–151226–207–39526585less Imports of goods and services92882–127–429212–170–103–273Exports of goods and services

3 0982 3842 0252 1101 8981 9391 1241 384Gross national expenditure

–236–85–1712510–6460–13Changes in inventories

3 3352 4682 1952 0851 8882 0031 0641 397Domestic final demand

2 4571 7781 5501 6469641 436797721Total gross fixed capital formation

165821727119052–13775Total public gross fixed capital formation

322122179226373365–1065General government–157–1133845–183–313–12711Public corporations

Public gross fixed capital formation

2 2921 7691 3321 3767731 384934646Total private gross fixed capital formation

516448393340330277216137Intellectual property products60–29–56–74111121–3Cultivated biological resources

300–275746–25–2–44–17Machinery and equipment10839038942892412171247Non-dwelling construction402339369233432348384262Ownership transfer costs906648179401–6733818720Dwellings

Private gross fixed capital formation

878691645438924567266676Total final consumption expenditure

–53–256–299–507–322–440–517–126Households9319469459461 2451 007784803General government


EX P E N D I T U R E ON GD P

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


2015–162014–15

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 2014–15.(c) Excludes ownership of dwellings.

— nil or rounded to zero (including null cells)(a) At basic prices.

0.1—–0.1–0.2–0.10.2–0.1—Gross domestic product

0.10.3–0.30.3–0.2—0.20.4Taxes less subsidies on products

0.1–0.3–0.3–0.3——–0.1–0.1Gross value added at basic prices

—–0.1————–0.1–0.1Ownership of dwellings..–1.5—–0.10.4–0.20.30.30.7Other servicesS0.3–0.10.1–0.1–0.1–0.4–0.5–1.1Arts and recreation servicesR0.1—–0.1–0.20.20.10.40.3Health care and social assistanceQ

–0.1——–0.1–0.4–0.1——Education and trainingP–0.40.6—–0.8—–0.3–0.9–1.3Public administration and safetyO–0.6–0.4–0.2–0.20.30.30.81.3Administrative and support servicesN–0.4—–0.4–0.90.41.11.52.0Professional, scientific and technical servicesM0.8–0.20.2–0.10.2–0.3–0.1–0.3Rental, hiring and real estate services(c)L—0.10.3–0.7–0.1–0.3–0.8–0.6Financial and insurance servicesK—–0.20.20.30.1–0.6–1.1–1.2Information media and telecommunicationsJ—0.10.2–0.10.2—0.40.4Transport, postal and warehousingI

1.4–0.10.20.3—–0.6–0.8–1.0Accommodation and food servicesH–0.1–0.1–0.10.1–0.2——0.3Retail tradeG0.5–1.4–0.7–1.10.7–1.5–0.90.5Wholesale tradeF

–0.2—–0.51.3–0.5–0.3–0.4–1.6ConstructionE–0.3—–0.20.1—0.2—0.3Electricity, gas, water and waste servicesD–0.5–0.5–0.10.3–0.1–0.1–0.20.4ManufacturingC0.5–1.3–0.4–0.7–0.60.11.0–0.2MiningB1.2–1.0–2.6–3.52.21.60.1–1.9Agriculture, forestry and fishingA


2015–162014–15

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

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

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 website <http://www.abs.gov.au>. This 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) concepts and a number of references to data

sources and methods are out of date. A revised Concepts, Sources and Methods product

was released on 22 March 2016.

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 Australian National Accounts: Concepts, Sources and Methods (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

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 is derived by three 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,

produce the same estimate of GDP, if the three measures are compiled independently

using different data sources, then different estimates of GDP result. The ABS aligns the

estimates of GDP annually by balancing them in supply and use tables. These tables have

been compiled from 1994–95, up to the year preceding the latest complete financial year.

Balancing in 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 compiled. For years balanced using

supply and use tables, quarterly GDP is benchmarked to annual GDP. However, the

three estimates of GDP can be different for any given quarter. The annual GDP estimate

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 Time Series Analysis on (02) 6252 6345 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

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)

produced by balancing using supply and use tables forms the benchmark for the

production of quarterly GDP going forward. Quarterly GDP is compiled in chain volume

terms using all three approaches. The headline measure of GDP is a simple average of

the three separate measures. It is labelled GDP(A), with "A" denoting "average".

20 Prior to 1994–95 quarterly and annual estimates using each approach are based on

independent sources, and there are usually differences between the I, E and P estimates.

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: Finance and Wealth (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.

RE L A T E D PU B L I C A T I O N S

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.

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 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

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



Trend, seasonally adjusted and original. State and Local General Government Income Account, Currentprices

19.

Trend, seasonally adjusted and original. National General Government Income Account, Current prices18.

Trend, seasonally adjusted and original.37, 38 General Government Income Account, Current prices17.

Trend, seasonally adjusted and original. Financial Corporations Income Account, Current prices16.

Trend, seasonally adjusted and original. Public Non-Financial Corporations Income Account, Currentprices

15.

Trend, seasonally adjusted and original. Private Non-Financial Corporations Income Account, Currentprices

14.

Trend, seasonally adjusted and original. Non-Financial Corporations Income 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),revisions to percentage changes and contributions to growth(seasonally adjusted).

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 current price data. National Capital Account, Current prices, Annual39.

Annual current price data. National Income Account, Current prices, Annual38.

Annual volume measures.45 Industry Gross Value Added, Chain volume measures, Annual37.

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

36.

Annual44 Income from GDP and Changes in Inventories, Annual35.

Annual3 Key Aggregates and analytical series, Annual34.

Trend, seasonally adjusted and original, and revisions to percentagechanges (seasonally adjusted).

State Final Demand, Detailed Components: Australian CapitalTerritory

33.


State Final Demand, Detailed Components: Northern Territory32.


State Final Demand, Detailed Components: Tasmania31.


State Final Demand, Detailed Components: Western Australia30.


State Final Demand, Detailed Components: South Australia29.


State Final Demand, Detailed Components: Queensland28.


State Final Demand, Detailed Components: Victoria27.


State Final Demand, Detailed Components: New South Wales26.

Trend and seasonally adjusted, all states24, 25,26, 27,28, 29,30, 31

State Final Demand, Summary Components by State: Chainvolume measures

25.

Trend, seasonally adjusted and original.40, 41 Selected Analytical Series24.

Original. Social Assistance Benefits Payments, Current prices23.

Trend, seasonally adjusted and original.39 Taxes, Current prices22.

Trend, seasonally adjusted and original.34 External Account, Current prices21.

Trend, seasonally adjusted and original.35, 36 Household Income Account, Current prices20.

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

Seasonally Adjusted. Compensation of Employees, State by Sector: Current Prices44.

Annual indexes. Indexes of Industrial Production, Annual43.

Trend, seasonally adjusted and original indexes. Unit Labour Costs42.

Quarterly indexes. Indexes of Industrial Production41.

Annual current price data. External Account, Current prices, Annual40.

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 difference in value between inventories held at the beginning and end of thereference period by enterprises and general government. For national accountingpurposes, physical changes in inventories should be valued at the prices current at thetimes when the changes occur. For these purposes, changes in inventories are obtainedafter adjusting the increase in book value of inventories by the inventory valuationadjustment. The need for the latter arises because the changes in the value of inventoriesas calculated from existing business accounting records do not meet national accounting


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.

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

Unrequited transactions where either;ownership of an asset (other than cash or inventories) is transferred from oneinstitutional unit to another;cash is transferred to enable the recipient to acquire another asset; orthe funds realised by the disposal of an asset are transferred.

Examples include general government capital transfers to private schools for theconstruction of science blocks or libraries, assistance to first home owners and transfersto charitable organisations for the construction of homes for the aged.

Capital transfers

Records the values of the non–financial assets that are acquired, or disposed of, byresident institutional units by engaging in transactions, and shows the change in networth due to saving and capital transfers or internal bookkeeping transactions linked toproduction (changes in inventories and consumption of fixed capital).

Capital account

The amount receivable by the producer from the purchaser for a unit of a good orservice produced as output, minus any tax payable plus any subsidy receivable, on thatunit as a consequence of its production or sale; it excludes any transport chargesinvoiced separately by the producer.

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

Original films, sound recordings, manuscripts, tapes, models, etc., on which dramaperformances, radio and television programming, musical performances, sportingevents, literary and artistic output, etc. are recorded or embodied. Included are worksproduced on own–account. In some cases there may be multiple originals (e.g. films).

Artistic originals

The income accruing from agricultural production during an accounting period. It isequal to total agricultural factor income less consumption of fixed capital, compensationof employees, and net rent and interest payments.

Agricultural income

Includes three distinct types of non–produced non–financial assets: natural resources;contracts, leases and licences; and goodwill and marketing assets. At present, estimatesof the value of purchased goodwill and marketing assets are not compiled for the ASNA.

Acquisitions less disposals ofnon–produced non–financial

assets


G L O S S A R Y

Transfers, other than those classified as capital transfers, in which one institutional unitprovides a good, service or cash to another unit without receiving from the latteranything of economic value in return.

Current transfers

Include taxes on the incomes of households or the profits of corporations and taxes onwealth that are payable regularly every tax assessment period (as distinct from capitaltaxes that are levied infrequently).

Current taxes on income,wealth, etc

Estimates are valued at the prices of the period to which the observation relates. Forexample, estimates for this financial year are valued using this financial year’s prices. Thiscontrasts to chain volume measures where the prices used in valuation refer to theprices of the previous year.

Current prices

Includes livestock raised for breeding, dairy, wool, etc., and vineyards, orchards andother plantations of trees yielding repeat products that are under the direct control,responsibility and management of institutional units. Immature cultivated assets areexcluded unless produced for own use.

Cultivated biological resources

The contributions to growth for a given aggregate 'A' is calculated as:

100 * ((PYAt – PPAt) / PPAt) x (PPAt / PPGDPt)

Where:PYAt is the quantity of an aggregate in the current period, in previous period pricesPPAt is the quantity of an aggregate in the previous period, in previous period pricesPPGDPt is the current price value of GDP in the previous period

Additivity for contributions to growth exists for the years where the statisticaldiscrepancy is zero, effectively 1995–96 onwards, by using GDP expressed in the prices ofthe previous year. For the period 1986–87 to 1994–95, where the statistical discrepancy isnot zero, the result is close to additive but not exact because the statistical discrepancycannot be expressed in prices of the previous year. Additionally, quarterly contribution togrowth estimates will not add to GDP growth due to the existence of a statisticaldiscrepancy between the three quarterly measures of GDP.

Contributions to growth inGDP

The value of the reproducible fixed assets used up during a period of account as a resultof normal wear and tear, foreseen obsolescence and the normal rate of accidentaldamage. Unforeseen obsolescence, major catastrophes and the depletion of naturalresources are not taken into account.

Consumption of fixed capital

Computer programs, program descriptions and supporting materials for both systemsand applications software. Included are purchased software and, if the expenditure islarge, software developed on own–account. It also includes the purchase ordevelopment of large databases that the enterprise expects to use in production over aperiod of more than one year. The ASNA does not separately identify databases fromcomputer software as recommended by the 2008 SNA.

Computer software

Total remuneration, in cash or in kind, payable by an enterprise to an employee in returnfor work done by the employee during the accounting period. It is further classified intotwo sub–components: wages and salaries; and employers’ social contributions.Compensation of employees is not payable in respect of unpaid work undertakenvoluntarily, 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).See also Employers’ social contributions and Wages and salaries.


requirements. The inventory valuation adjustment is the difference between the changein (book) value of inventories and the physical changes valued at current prices. Thephysical changes at average current quarter prices are calculated by applying averagequarterly price indexes to the changes in various categories of inventories in volumeterms.

Changes in inventoriescontinued


G L O S S A R Y continued

Net expenditure on goods and services by persons and expenditure of a current natureby private non–profit institutions serving households. This item excludes expendituresby unincorporated businesses and expenditures on assets by non–profit institutions(included in gross fixed capital formation). Also excluded is expenditure on maintenanceof dwellings (treated as intermediate expenses of private enterprises), but personalexpenditure on motor vehicles and other durable goods and the imputed rent ofowner–occupied dwellings are included. The value of 'backyard' production (includingfood produced and consumed on farms) is included in household final consumptionexpenditure and the payment of wages and salaries in kind (e.g. food and lodgingsupplied free to employees) is counted in both household income and household finalconsumption expenditure.

Final consumptionexpenditure – households

Net expenditure on goods and services by public authorities, other than those classifiedas public corporations, which does not result in the creation of fixed assets orinventories or in the acquisition of land and existing buildings or second–hand assets. Itcomprises expenditure on compensation of employees (other than those charged tocapital works, etc.), goods and services (other than fixed assets and inventories) andconsumption of fixed capital. Expenditure on repair and maintenance of roads isincluded. Fees, etc., charged by general government bodies for goods sold and servicesrendered are offset against purchases. Net expenditure overseas by general governmentbodies and purchases from public corporations are included. Expenditure on defenceassets is classified as gross fixed capital formation.

Final consumptionexpenditure – general

government

Includes:inventories held on farms (including wool, wheat, barley, oats, maize, sorghum, hay,fertiliser, apples and pears, and livestock);wool held in store awaiting sale; andproduce (e.g. vegetables) held in cold store where ownership remains with theprimary producer.

Farm inventories

Is the part of gross domestic product which derives from production in agriculture andservices to agriculture.

Farm GDP

Records all current transactions between Australian residents and non–residents.External account

The value of goods exported and amounts receivable from non–residents for theprovision of services by residents.

Exports of goods and services

Payments by employers which are intended to secure for their employees theentitlement to social benefits should certain events occur, or certain circumstances exist,that may adversely affect their employees' income or welfare – namely work–relatedaccidents and retirement.

Employers’ socialcontributions

Buildings, or designated parts of buildings, that are used entirely or primarily asresidences, including any associated structures, such as garages, and all permanentfixtures customarily installed in residences. Houseboats, barges, mobile homes andcaravans used as principal residences of households are also included, as are publicmonuments identified primarily as dwellings. The costs of site clearance and preparationare also included in the value of dwellings.

Dwellings

Defined as:household final consumption expenditure on goodsplus private gross fixed capital formation: dwellings, non–dwelling construction, andmachinery and equipmentplus public gross fixed capital formation: dwellings, non–dwelling construction, andmachinery and equipment.

Domestic sales



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.

Gross national income (GNI)

The total expenditure within a given period by Australian residents on final goods andservices (i.e. excluding goods and services used up during the period in the process ofproduction). It is equivalent to gross domestic product plus imports of goods andservices less exports of goods and services.

Gross national expenditure(GNE)

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

(GMI)

The total income, whether in cash or kind, receivable by persons normally resident inAustralia. It includes both income in return for productive activity (such as compensationof employees, the gross mixed income of unincorporated enterprises, gross operatingsurplus on dwellings owned by persons, and property income receivable, etc.) as well astransfers receivable (such as social assistance benefits and non–life insurance claims).

Gross income – households

Expenditure on new fixed assets plus net expenditure on second–hand fixed assets,including both additions and or replacements. Expenditure on repair and maintenanceof fixed assets is excluded, being chargeable to the production account. Compensationof employees and other costs paid by corporations in connection with own–accountcapital formation are included.


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.

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

The ratio of the chain volume estimate of GDP to an estimate of the resident Australianpopulation. Population estimates use data published in the quarterly publicationAustralian 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.

Gross domestic product (GDP)

Gross household income less income tax payable, other current taxes on income, wealthetc., consumer debt interest, interest payable by unincorporated enterprises anddwellings owned by persons, net non–life insurance premiums and other currenttransfers payable by households.

Gross disposable income –households



Calculated as GDP less consumption of fixed capital.Net domestic product

Calculated as the sum of the net saving of each of the resident sectors – households andunincorporated enterprises, non–financial corporations, financial corporations andgeneral government.

National saving

The value of expenditures on exploration for petroleum and natural gas and fornon–petroleum mineral deposits. These expenditures include pre–licence costs, licenceand acquisition costs, appraisal costs and the costs of actual test drilling and boring, aswell as the costs of aerial and other surveys, transportation costs etc., incurred to make itpossible to carry out the tests.

Mineral and petroleumexploration

The 'market sector' is defined to include all industries except for Public administrationand safety (O); Education and training (P); Health care and social assistance (Q) andOwnership of dwellings.

Market sector

Includes transport equipment and other machinery and equipment, other than thatacquired by households for final consumption.


Receivable by the owners of financial assets such as deposits, loans, and securities otherthan shares for putting the financial asset at the disposal of another institutional unit.

Interest

Are as a result of research and development, investigation or innovations leading toknowledge that the developers can market or use for their own benefit. Includescomputer software, research and development, entertainment, literary or artisticoriginals, and mineral exploration intended to be used for more than a year.

Intellectual property products

Consists of taxes on the income of households, corporations and non–residents, andtaxes on wealth which are levied regularly (wealth taxes which are levied irregularly areclassified as capital taxes and are recorded in the sectoral capital accounts).

Income tax

Shows how gross disposable income is used for final consumption expenditure and theconsumption of fixed capital (depreciation), with the balance being net saving. Incomeflows are divided into primary income and secondary income. Primary incomes areincomes that accrue to institutional units as a consequence of their involvement inprocesses of production or ownership of assets that may be needed for purposes ofproduction. Secondary incomes are incomes that are redistributed between institutionalunits by means of payments and receipts of current transfers. Income redistribution alsoincludes social transfers in kind.

Income account

Imports of merchandise goods divided by domestic sales. This ratio is calculated usingcurrent price estimates. See also Domestic sales.

Imports to domestic sales ratio

The value of goods imported and amounts payable to non–residents for the provision ofservices to residents.

Imports of goods and services

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. Movements in an implicit price deflator reflect both changes inprice and changes in the composition of the aggregate for which the deflator iscalculated.

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

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



Defined as:non–dwelling constructionplus machinery and equipmentplus cultivated biological resourcesplus intellectual property products.

Private business investment

Consists of fees paid to lawyers, fees and commissions paid to real estate agents andauctioneers, stamp duty, Title Office charges and local government charges. Ownershiptransfer costs in the ASNA relate to dwellings and non–dwelling construction.

Ownership transfer costs

Consists of all taxes that enterprises incur as a result of engaging in production, excepttaxes on products. Other taxes on production include: taxes related to the payroll orworkforce numbers excluding compulsory social security contributions paid byemployers and any taxes paid by the employees themselves out of their wages orsalaries; recurrent taxes on land, buildings or other structures; some business andprofessional licences where no service is provided by the government in return; taxes onthe use of fixed assets or other activities; stamp duties; taxes on pollution; and taxes oninternational transactions.

Other taxes on production

Consists of all subsidies, except subsidies on products, which resident enterprises mayreceive as a consequence of engaging in production. Other subsidies on productioninclude: subsidies related to the payroll or workforce numbers, including subsidiespayable on the total wage or salary bill, on numbers employed, or on the employment ofparticular types of persons, e.g. persons with disabilities or persons who have beenunemployed for a long period.

Other subsidies on production

Other current taxes on income, wealth etc. consists mainly of payments by householdsto obtain licences to own or use vehicles, boats or aircraft, and for licences to hunt,shoot or fish.

Other current taxes onincome, wealth etc.

Claims payable in settlement of damages that result from an event covered by a non–lifeinsurance policy in the current accounting period.

Non–life insurance claims

All inventories except those classified to farm and public authorities inventories.Non–farm inventories

Non–farm GDP arises from production in all industries other than agriculture.Non–farm GDP

Consists of non–residential buildings and other structures. ‘Non–residential buildings’are buildings other than dwellings, including fixtures, facilities and equipment that areintegral parts of the structures and costs of site clearance and preparation.

‘Other structures’ are structures other than buildings, including streets, sewers and siteclearance and preparation other than for residential or non–residential buildings. Alsoincluded are shafts, tunnels and other structures associated with the extraction ofmineral and energy resources. Major improvements to land, such as dams, are alsoincluded.

Non–dwelling construction

All transfers to or from non–residents to resident government or private institutionalunits which are not payments for goods and services, compensation of employees orproperty income.

Net secondary income fromnon–residents

Balancing item of the income account, this is equal to total income receivable less totalincome payable, final consumption expenditure and consumption of fixed capital.Represents the excess of income over consumption.

Net saving

Defined as non–life insurance premiums plus premium supplements less the non–lifeinsurance service charge.

Net non–life insurancepremiums

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



Is calculated by:taking real gross domestic incomededucting real incomes payable to the rest of the worldadding real incomes receivable from the rest of the worlddeducting the volume measure of consumption of fixed capital.

Real net national disposableincome

The real aggregate value of gross primary incomes for all institutional sectors, includingnet primary income receivable from non–residents. It is calculated by adjusting real grossdomestic income for the real impact of primary income flows (property income andlabour income) to and from overseas.

Real gross national income

Measures the purchasing power of the total incomes generated by domestic production.

It is calculated by:taking the volume measure of gross national expenditure (GNE)adding exports of goods and services at current prices deflated by the implicit pricedeflator for imports of goods and servicesdeducting the volume measure of imports of goods and servicesadding the current price statistical discrepancy for GDP(E) deflated by the implicitprice 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

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' prices

Include estimates for general government, public non–financial corporations and publicfinancial corporations. Recorded inventories include demonetised gold transactions(gold sales and gold loans) by the Reserve Bank of Australia and the construction ofmilitary equipment for export.

Public authorities inventories

Includes imputed flows relating to life insurance, superannuation and non–life insuranceoperations. These include imputed interest from life insurance and pension funds tohouseholds; premium supplements which are an imputed property income flow fromnon–life insurance corporations to policy–holders; and imputed interest from thegeneral government sector to households, which is recorded on the account of theunfunded superannuation schemes operated by the general government sector.

Property income flowsattributable to insurance policy

holders

A common method of examining changes in productivity over an extended periodinvolves identifying and dividing the data into productivity 'growth cycles'. Year to yearchanges in measured productivity may reflect changes that are conceptually distinct fromthe notion of productivity. By analysing averages of productivity statistics betweengrowth cycle peaks, the effects of some of these temporary influences can be minimised,allowing better analysis of the drivers of productivity growth in different periods.Productivity growth cycle peaks are determined by comparing the annual MFP estimateswith their corresponding long–term trend estimates. The peak deviations between thesetwo series are the primary indicators of a growth–cycle peak, although general economicconditions at the time are also considered.

Production account

Private non–farm inventories divided by total sales. This ratio is calculated using currentprice estimates. See also Total sales.

Private non–farm inventoriesto total sales ratio

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



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

Consists of ‘Taxes on products’ and ‘Other taxes on production’. These taxes do notinclude any taxes on the profits or other income received by an enterprise. They arepayable irrespective of the profitability of the production process. They may be payableon the land, fixed assets or labour employed in the production process, or on certainactivities or transactions.

Taxes on production andimports

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,such as when a product is exported, leased, transferred, delivered or used for ownconsumption or own capital formation.

Subsidies on products

For years in which a balanced supply and use table is available to benchmark the nationalaccounts, the same measure of GDP is obtained regardless of whether one sumsincomes, expenditures or gross value added for each industry. For other years, however,statistical discrepancies between the measures remain. The differences between thosethree separate estimates and the single measure of GDP for those years are calledstatistical discrepancy (I), statistical discrepancy (E) and statistical discrepancy (P),respectively.

Statistical discrepancy (I), (E)and (P)

Current transfers payable to households by government units to meet the same needs associal insurance benefits, but which are not made under a social insurance schemeincorporating social contributions and social insurance benefits. They may be payable incash or in kind. In Australia, they include the age pension and unemployment benefits.

Social assistance benefits

Creative work undertaken on a systematic basis in order to increase the stock ofknowledge, including knowledge of man, culture and society, and to enable this stock ofknowledge to be used to devise new applications. It is included in Intellectual propertyproducts as a produced fixed asset.

Research and development

Income receivable by the owner of a natural resource (the lessor or landlord) for puttingthe natural resource at the disposal of another institutional unit (a lessee or tenant) foruse of the natural resource in production.

Rent on natural assets

Imputed transactions related to that component of income that is not distributed toequity and or unit holders in direct foreign investment enterprises, and resident andnon–resident investment funds in the form of dividends.

Reinvested earnings

In connection with price or volume indexes, the reference period means the period towhich the indexes relate. It is typically set equal to 100 for price indexes and to thecorresponding current price values of the reference year for volume indexes, and it doesnot necessarily coincide with the base period.

Reference period

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 continued



Weapons systems consist of delivery systems such as warships, submarines, fighteraircraft, bombers and tanks. They are classified as produced non–financial fixed assets.

Weapons systems

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

These series represent a link between productivity and the cost of labour in producingoutput. A nominal Unit Labour Cost (ULC) measures the average cost of labour per unitof output while a real ULC adjusts a nominal ULC for general inflation. A ULC iscalculated as the ratio of labour costs per hours worked by employees divided by volumegross value added per total hours worked. Positive growth in a real ULC indicates thatlabour cost pressures exist.

Unit labour costs

Represent the liabilities of the general government sector to public sector employees inrespect of unfunded retirement benefits. In Australia, most governments operate, orused to operate, superannuation schemes for their employees that are unfunded or onlypartly funded.

Unfunded superannuationclaims

Defined as:household final consumption expenditure on goodsplus private gross fixed capital formation: dwellings, non–dwelling construction, andmachinery and equipmentplus public gross fixed capital formation: dwellings, non–dwelling construction, andmachinery and equipmentplus exports of goods.

Total sales

That part of the cost of producing the gross domestic product which consists of grosspayments to factors of production (labour and capital). It represents the value added bythese factors in the process of production and is equivalent to gross domestic productless taxes plus subsidies on production and imports.

Total factor income

Terms of trade represent the relationship between export and import prices. Australia'sterms of trade are calculated by dividing the implicit price deflator of exports by theimplicit price deflator of imports.

Terms of trade



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© Commonwealth of Australia 2016Produced by the Australian Bureau of Statistics

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5206.0 australian national accounts: national income ... · gross domestic product 0.2 2.2 0.2...

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