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1307.6 - Tasmanian State and Regional Indicators, Dec 2010 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/02/2011  Final
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Image: Economic ActivityECONOMIC ACTIVITY


More detailed statistics about Tasmania are available in Excel format from the Downloads page.


GROSS STATE PRODUCT (GSP)

In 2009-10, the volume measure of Tasmania's Gross State Product (GSP) reached $22.3 billion, an increase of $94.0 million or 0.4% from the 2008-09 figure of $22.2 billion. However the GSP per capita in 2009-10 in Tasmania recorded a negative (-0.5%) growth on 2008-09, due to the population growth exceeding the GSP growth rate.

Real gross state income, a measure of the real purchasing power of income generated by production within the state, is calculated by adjusting the chain volume measure of GSP for changes in the terms of trade. In 2009-10, the real gross state income in Tasmania increased by 2.0% on the previous year.

Tasmanian State final demand in 2009-10 was $25.3 billion, a decrease of 1.1% on the 2008-09 estimate of $25.6 billion.


CHANGE IN GROSS STATE PRODUCT, Tasmania
(chain volume measures)

Graph: CHANGE IN GROSS STATE PRODUCT, Tasmania

STATE FINAL DEMAND, Tasmania
(chain volume measures)

Graph: STATE FINAL DEMAND, Tasmania


Over the year ending 30 June 2010, manufacturers contributed $2.6 billion or 12.5% of the $20.9 billion in gross value at basic prices added by producers in the Tasmanian economy. The second biggest contributor to the industry gross value added (IGVA) was the health care and social assistance industry with 9.8% followed by financial and insurance services with 9.6% contribution to the total Tasmanian IGVA.


CONSUMER AND LABOUR PRICES

In the June 2010 quarter, the Consumer Price Index (CPI) (all groups) in Hobart increased by 3.0% on the corresponding quarter in 2009. Rises in costs of alcohol and tobacco (7.6%), housing (5.4%) and financial and insurance services (4.6%), and the decreases in clothing and footwear (-2.0%), recreation (-0.5%) and communication (-0.1%) were the main contributors to this change.


CONSUMER PRICE INDEX (all groups), Hobart

Graph: CONSUMER PRICE INDEX (all groups), Hobart

CONSUMER PRICE INDEX (selected groups), Hobart

Graph: CONSUMER PRICE INDEX (selected groups), Hobart


Total hourly rates of pay (excluding bonuses) paid by Tasmanian employers rose by 3.8% between 2008-09 and 2009-10. This compares with a national increase of 3.1% during the same period.


HOUSE PRICE INDEX

The price index for established houses in Hobart in June 2010 increased by 7.7% on June 2009 price level, compared to the national increase of 16.0%. At the same time, the price index for project homes in Hobart showed a year to year increase of 4.9% compared to 3.5% nationally.


HOUSE PRICE INDEX (established houses)

Graph: HOUSE PRICE INDEX (established houses)

HOUSE PRICE INDEX (project homes)

Graph: HOUSE PRICE INDEX (project homes)



HOUSING FINANCE COMMITMENTS

The number of first home buyers' houses (owner occupied) financed in Tasmania in 2009-10 decreased by 28.6% from 3,181 in 2008-09 to 2,272 in 2009-10. At the same time, non-first home buyers' dwellings (owner occupied) financed decreased by 9.9% from 10,946 in 2008-09 to 9,860 in 2009-10.


FIRST HOME BUYERS, Tasmania,
Number of dwellings financed


Graph: FIRST HOME BUYERS, Tasmania

NON-FIRST HOME BUYERS, Tasmania,
Number of dwellings financed


Graph: NON-FIRST HOME BUYERS, Tasmania



INTERNATIONAL MERCHANDISE TRADE

In 2009-10, the value of Tasmanian goods exported overseas was $3,005.0 million, a decrease of 14.4% on the 2008-09 value of $3,511.2 million. At the same time, the value of goods imported into Tasmania was $714.9 million, a decrease of 25.3% on 2008-09 total value of imports in Tasmania.

In 2009-10, China was Tasmania's main export destination purchasing $456.9 million worth of Tasmanian goods. Japan was the second most favourable export destination with $420.7 million followed by the Republic of Korea buying $299.1 million worth of Tasmanian goods. Tasmania's major source of imports in 2009-10 was Singapore ($131.1 million worth of imports) followed by USA ($71.6 million) and Peru ($70.6 million).

Zinc remain the major export commodity in 2009-10, contributing $578.3 million or 19.2% of total Tasmanian exports. Petroleum oils and oils obtained from bituminous materials (excluding crude) was the highest value commodity imported contributing $114.4 million or 16.0% of total imports.


VALUE OF MERCHANDISE EXPORTS(a), Tasmania

Graph: VALUE OF MERCHANDISE EXPORTS(a), Tasmania

VALUE OF MERCHANDISE IMPORTS(a), Tasmania

GRAPH: VALUE OF MERCHANDISE IMPORTS(a), Tasmania



More detailed statistics about Tasmania are available in Excel format from the Downloads page.


SOURCES

Australian Industry (ABS cat. no. 8155.0)

Australian National Accounts, State Accounts (ABS cat. no. 5220.0)

Consumer Price Index, Australia (ABS cat. no. 6401.0)

House Price Indexes, Eight Capital Cities (ABS cat. no. 6416.0)

Housing Finance, Australia (ABS cat. no. 5609.0)

Labour Price Index, Australia (ABS cat. no. 6345.0)

Lending Finance, Australia (ABS cat. no. 5671.0)

Private New Capital Expenditure and Expected Expenditure, Australia (ABS cat. no. 5625.0)


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