Australian Bureau of Statistics
1362.7 - Regional Statistics, Northern Territory, 2007
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2007
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The economy of the Northern Territory continued to grow during the 2005-06 financial year when compared to the previous two financial years. Gross state product (GSP) has risen from $8 670 million in 2003-04 to $11 476 million in 2005-06, an increase of 32.4%. This is higher than the increase in the Australian Gross Domestic Product (GDP) for the same period, which was 31.1%. GSP per capita in the Northern Territory ($55 925) is also higher than GDP per capita for Australia ($45 021). This can be attributed to the recent mining and resources boom.
Imports into the NT in 2005-06 totalled $2 887.8 million, consisting mainly of machinery and equipment manufacturing (58.4%) and petroleum, coal, chemical and associated product manufacturing (17.0%). Imports in 2005-06 were 45.1% higher than in 2004-05 mainly in the area of machinery and equipment manufacturing.
In the 2005-06 financial year Darwin City Council remained the largest council, with financial expenditure totalling $42.4 million. Tiwi islands ($27.7 million) was next in terms of expenditure, followed by Alice Springs Town Council ($17.9 million) and Palmerston Town Council ($16.2 million). Nearly half (44%) of all councils had expenditure exceeding revenue, the majority being remote area communities (including townships of Jabiru and Tennant Creek).
Further information on the economy of the Northern Territory can be found at the following sources:
This page last updated 1 October 2008
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