Australian Bureau of Statistics
1301.0 - Year Book Australia, 2004
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2004
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Production can be measured on a net basis, the value of goods and services produced less the value of inputs (e.g. labour, capital) used in production. In national accounting terms, the contribution of an industry to the overall production of goods and services in an economy is measured by industry gross value added (GVA). Industry GVA sums the gross value added by each producer in the industry.
Table 18.2 shows the industry GVA of the broad Australian and New Zealand Standard Industrial Classification (ANZSIC) industry subdivisions which make up the manufacturing industry. The table also shows the contribution the manufacturing industry made to Australia's gross domestic product (GDP). During the period 1997-98 to 2001-02, manufacturing industry GVA rose by 8.9%. The overall growth rate of the economy, however, was higher than the rate of growth of the manufacturing industry, which meant that the contribution manufacturing made to GDP decreased from 11.6% to 10.9% of GDP.
The property and business services industry has been growing at a faster rate than manufacturing, and now accounts for a similar percentage of GDP. According to the Commonwealth Department of Industry Science and Resources:
Industry GVA rose much more strongly over the period for some manufacturing industry subdivisions than for others. Wood and paper product manufacturing rose by 11% even though there were slight decreases in 1998-99 and 2000-01, while printing, publishing and recorded media increased by 14% and petroleum, coal, chemical and associated product manufacturing rose by 11%. Industry GVA for textiles, clothing, footwear and leather manufacturing decreased by 25% - the only industry subdivision within the sector to record a decrease over the period.
This page last updated 24 March 2006
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