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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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NORTHERN TERRITORY

In 2005-06, the Northern Territory GSP level represented around 1% of Australian GDP.

Gross state product, Northern Territory - Chain volume measures(a)

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

Values ($m)

GSP(A)
9 899
9 944
10 066
10 170
10 863
11 465
GSP(P)
9 928
9 860
10 080
10 268
11 048
11 454
GSP(I/E)
9 870
10 028
10 051
10 073
10 678
11 476
GDP
784 017
813 542
839 187
873 197
896 568
921 747

Percentage changes from previous year (%)

GSP(A)
5.4
0.4
1.2
1.0
6.8
5.5
GSP(P)
5.2
-0.7
2.2
1.9
7.6
3.7
GSP(I/E)
5.5
1.6
0.2
0.2
6.0
7.5

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

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



Northern Territory GSP(P) growth has been quite variable throughout the time series as illustrated by the graph.


GSP(P) and GSP(I/E) growth rates have shown similar growth rates over the period. However, there have been some years with significant differences. In 1999-2000 GSP(P) growth was 8.3% compared to 1.1% for GSP(I/E). In 2005-06 GSP(P) growth was 3.7% and GSP(I/E) 7.5%.

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



In eleven out of the sixteen years in the time series, the differences between GSP(A) and GSP(I/E) growth were less than 1.0 percentage point.

GSP, Northern Territory - 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
0.3
-0.3
-0.7
0.2
-0.2
Mining
9.6
-8.1
-3.8
-4.7
2.1
0.3
Manufacturing
0.6
0.7
0.8
0.3
-0.3
-0.7
Electricity, gas & water supply
-0.1
0.1
-0.1
-0.1
-
0.1
Construction
-0.8
1.2
1.0
0.6
0.7
-0.1
Wholesale trade
-0.4
-0.1
0.2
-0.2
-
0.6
Retail trade
-
0.2
0.1
0.2
0.1
-
Accommodation, cafes & restaurants
0.1
-0.2
-0.1
-0.1
0.3
0.2
Transport & storage
0.1
-0.1
-0.1
0.3
0.5
0.2
Communication services
-
0.1
0.2
0.1
0.1
0.1
Finance & insurance
0.3
0.2
-0.2
-0.2
-0.2
-0.1
Property & business services
-0.8
1.3
0.9
2.0
2.0
2.7
Government administration & defence
-0.8
-0.7
0.5
0.8
0.5
-0.4
Education
-0.1
0.1
-0.1
-
0.1
0.1
Health & community services
0.2
0.4
0.5
0.2
0.3
0.3
Cultural & recreational services
0.1
0.1
0.3
0.2
0.2
-
Personal & other services
0.1
-0.2
-0.3
0.1
0.1
0.4
Ownership of dwellings
0.3
0.3
0.3
0.3
0.4
0.3
Taxes less subsidies on products
-0.2
0.2
0.2
0.2
0.2
0.1
Statistical discrepancy
0.1
1.1
-1.0
-0.8
-0.9
1.7
GSP(A)
5.4
0.4
1.2
1.0
6.8
5.5

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


In 2005-06, Property and business services (2.7 percentage points) and Wholesale trade (0.6 percentage points) were the largest positive contributors to the Northern Territory GSP growth. Conversely, Manufacturing (-0.7 percentage points) and Government administration (-0.4 percentage points) were the largest detractors from growth.

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