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5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2008   
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MAIN FEATURES INCOME AT CURRENT PRICES

Trend
Seasonally adjusted
% change Jun 08 to Sep 08
% change Sep 07 to Sep 08
% points contribution to growth in GDP Jun 08 to Sep 08
% change Jun 08 to Sep 08
% change Sep 07 to Sep 08
% points contribution to growth in GDP Jun 08 to Sep 08

Compensation of employees
2.0
7.3
0.9
2.2
7.4
1.0
Gross operating surplus
Private
np
np
np
4.7
24.3
1.0
Other
np
np
np
-0.5
8.0
-0.1
Gross mixed income
0.5
0.4
-
3.4
1.4
0.3
Taxes less subsidies on production and imports
-0.8
0.8
-0.1
1.5
1.5
0.2
Statistical discrepancy (I)
. .
. .
0.2
. .
. .
0.2
Gross domestic product
2.7
10.3
2.7
2.5
10.4
2.5

. . not applicable
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated



SEPTEMBER QUARTER

Summary Comments

Compensation of employees (COE)
  • The trend increase of 2.0% reflected a rise of 1.6% in average earnings and a 0.4% rise in the number of wage & salary earners. Seasonally adjusted, COE grew by 2.2%, reflecting growth in average earnings of 1.7% and in the number of wage and salary earners of 0.4%. Seasonally adjusted, COE represented 52.3% of Total factor income
Wages (a) share of total factor income
Graph: Wages (a) share of total factor income


Gross operating surplus (GOS)
  • Trend GOS of corporations increased by 5.2%, and in seasonally adjusted terms increased by 3.0%. Seasonally adjusted, GOS of corporations represents 28% of Total factor income. This continues the high share of total factor income seen in this series in recent periods, driven by large profits in the mining industry.
Profit (a) share of total factor income
Graph: Profit (a) share of total factor income



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