Australian Bureau of Statistics
5204.0 - Australian System of National Accounts, 2006-07
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/11/2007
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INCOME FROM GDP
In 2006-07, Non-farm compensation of employees increased by 8.0% driven by a 4.6% increase in average earnings and a 3.4% increase in the number of employees.
Overall, national net saving was positive in 2006-07 at $67 billion or 6.4% of GDP. As a proportion of GDP, household net saving generally increased from 1959-60 to a peak in 1974-75 of 11.5% of GDP. The series then gradually decreased, eventually reaching its lowest at -1.8% of GDP in 2003-04 (a net saving level of $-15.1 billion). In 2006-07 household saving is again positive at 0.4% of GDP (household net saving is equal to $4.6 billion). This is the first positive result since 2002-03. Strong property income and social assistance benefits growth, coupled with smaller growth in income taxes and consumption expenditure have driven household saving positive in 2006-07.
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This page last updated 30 October 2008