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5220.0.55.002 - Information paper: Gross State Product using the Production approach GSP(P), 2007  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 14/09/2007  First Issue
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WESTERN AUSTRALIA

In 2005-06, the Western Australian GSP level represented around 12% of Australian GDP.

Gross state product, Western Australia - Chain volume measures(a)

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06

Values ($m)

GSP(A)
84 064
88 857
93 198
98 477
102 407
107 241
GSP(P)
85 970
91 077
95 063
98 691
101 977
106 571
GSP(I/E)
82 157
86 637
91 333
98 263
102 837
107 910
GDP
784 017
813 542
839 187
873 197
896 568
921 747

Percentage changes from previous year (%)

GSP(A)
0.8
5.7
4.9
5.7
4.0
4.7
GSP(P)
2.3
5.9
4.4
3.8
3.3
4.5
GSP(I/E)
-0.8
5.5
5.4
7.6
4.7
4.9

(a) Reference year for chain volume measures is 2004-05.

Gross State Product, Western Australia - Chain volume measures(a): Percentage changes from previous year
Graph: Gross State Product, Western Australia—Chain volume measures(a): Percentage changes from previous year



As illustrated by the graph, Western Australian GSP growth has been positive throughout the time series with quite strong growth from 1992-93 onwards.


GSP(P) and GSP(I/E) growth rates generally display similar movements. However, in some years there are large differences between the measures. For example, in 2003-04 the difference was 3.8 percentage points and in 2000-01 it was 3.1 percentage points.

Difference between GSP(A) and GSP(I/E), Percentage changes - Western Australia: Chain volume measures(a)
Graph: Difference between GSP(A) and GSP(I/E), Percentage changes—Western Australia: Chain volume measures(a)


GSP, Western Australia - Chain volume measures(a): Contribution to growth

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
% pts
% pts
% pts
% pts
% pts
% pts

Agriculture, forestry & fishing
-0.8
0.5
-1.1
1.9
-0.3
0.3
Mining
1.6
0.4
1.0
-2.3
1.1
-0.4
Manufacturing
0.6
0.8
0.9
0.6
0.3
0.2
Electricity, gas & water supply
-
-
0.1
-
0.1
-
Construction
-0.8
0.7
1.2
0.2
0.4
1.5
Wholesale trade
0.2
0.3
0.2
0.5
0.2
0.7
Retail trade
0.1
0.3
0.1
0.3
0.4
0.2
Accommodation, cafes & restaurants
-
0.1
0.1
-
-
-
Transport & storage
0.2
0.3
0.6
0.4
-
0.3
Communication services
-
0.1
0.2
0.1
0.1
0.2
Finance & insurance
0.4
0.1
-0.2
-0.1
-
0.2
Property & business services
0.5
1.7
0.8
-0.4
0.2
0.5
Government administration & defence
0.1
-0.2
-
0.3
0.2
-0.1
Education
0.1
0.1
-0.1
0.1
0.1
-
Health & community services
0.3
0.2
0.3
0.1
0.3
0.2
Cultural & recreational services
-
-
-
0.1
0.1
-
Personal & other services
0.1
-
-
-
0.1
0.4
Ownership of dwellings
0.2
0.3
0.3
0.3
0.3
0.3
Taxes less subsidies on products
-0.2
0.2
0.3
0.2
0.2
0.1
Statistical discrepancy
-1.6
-0.4
0.4
1.8
0.7
0.2
GSP(A)
0.8
5.7
4.9
5.7
4.0
4.7

- nil or rounded to zero (including null cells)
(a) Reference year for chain volume measures is 2004-05.


Manufacturing, Construction (except in 2000-01 due to the introduction of the Goods and Services Tax (GST)), Wholesale trade, Retail trade, and Transport and storage have contributed positively to the growth in GSP since 2000-01. Some industries have had a constant flat contribution, including Electricity, gas and water, Accommodation, cafes and restaurants, Education and Cultural and recreational services.


In 2005-06, the main contributors to growth were Construction (1.5 percentage points), Wholesale trade (0.7 percentage points) and Property and business services (0.5 percentage points). Mining detracted 0.4 percentage points from growth in 2005-06 mainly due to falls in production of crude oil and condensate, diamonds, gold and nickel.

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