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5204.0 - Australian System of National Accounts, 2007-08  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2008   
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INDUSTRY

In 2007-08, the industry with the largest share of GDP (at basic prices excluding ownership of dwellings) was Property & business services with a share of 14%. Manufacturing was the second largest industry with a share of 12%. Prior to 1999-00 Manufacturing was the largest industry.

Industry share of GVA, 1993-94 and 2007-08
Graph: Industry share of GVA, 1993–94 and 2007–08


The profits (Gross operating surplus and Gross mixed income) of the Mining industry increased by 160% between 2002-03 and 2007-08 (see table 57 for more details). Over the same period the investment undertaken by Mining increased by 212% (see table 90 for more details). However, over the same period Mining gross value added in volume terms increased by only 12%. The significant increases in profits are being driven by growth in the prices of Mining commodities. See Prices for more information on commodities prices.

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