5204.0.55.010 - Information paper: Introduction of Mining Natural Resources into Australia’s Productivity Measures, 2012-13

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 04/07/2014 First Issue

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Introduction Background Concepts Methods Data Sources Empirical decomposition of mining industry gross operating surplus Estimation of Mining Multifactor Productivity Productivity Growth Accounts Conclusion About this Release	This paper discusses the methods behind the valuation of mineral and energy resources in Australia, including recent improvements and the introduction of mineral and energy resources into the mining industry productivity measures. Recent improvements have ensured that gross operating surplus (GOS) modelled separately from mineral and energy resources are broadly consistent to GOS obtained from other ABS mining industry statistics. These improvements were incorporated in the 2012-13 release of Australian System of National Accounts (ASNA) national balance sheet. Including mineral and energy resources significantly reduces mining capital services growth and thus reduces the decline in mining multifactor productivity. Commencing with the 2013-14 release of ASNA, experiential estimates of mineral and energy resources will also be included in the productivity measures. Productivity estimates without mineral and energy resources will continue to be published. Document Selection These documents will be presented in a new window.