5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/03/2007   
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MAIN FEATURES INCOME AT CURRENT PRICES


Trend
Seasonally adjusted


% change
Sep 06
to Dec 06
% change
Dec 05
to Dec 06
% points contribution
to growth in GDP
Sep 06 to Dec 06
% change
Sep 06
to Dec 06
% change
Dec 05
to Dec 06
% points contribution
to growth in GDP
Sep 06 to Dec 06

Compensation of employees
1.9
7.3
0.9
2.2
7.4
1.1
Gross operating surplus
Private
3.2
10.5
0.6
3.5
10.7
0.7
Other
1.4
8.0
0.2
1.2
8.4
0.2
Gross mixed income
-2.2
-4.5
-0.2
-2.5
-4.9
-0.2
Taxes less subsidies on production and imports
1.2
5.9
0.1
1.6
7.0
0.2
Statistical discrepancy (I)
. .
. .
0.2
. .
. .
-
Gross domestic product
1.9
7.4
1.9
1.8
7.1
1.8

. . not applicable
- nil or rounded to zero (including null cells)



DECEMBER QUARTER

Summary Comments

Compensation of employees (COE)

  • The trend increase of 1.9% reflected a rise of 1.1% in average earnings and a 0.8% rise in the number of wage & salary earners. Seasonally adjusted, COE grew by 2.2%. Average earnings increased by 1.7%, while the number of wage & salary earners increased by 0.5%. COE represented 53.8% of total factor income. Discussion of related labour market indictors can be found in the 'Analysis and comments'.
Wages (a) share of total factor income
Graph: Wages share of total factor income



Gross operating surplus (GOS)
  • Trend GOS of corporations increased by 2.8% (2.9% seasonally adjusted). This increase in seasonally adjusted terms was weaker than the 4.0% growth in the previous quarter. GOS of corporations remained at historically high levels, representing 27.7% of total factor income.
Profit (a) share of total factor income
Graph: Profit share of total factor income