STATE FINAL DEMAND
State final demand is the estimate obtained by summing government final consumption expenditure, household final consumption expenditure, private gross fixed capital formation and the gross fixed capital formation of public corporations and general government.
In December quarter 2008, the trend estimate for Victorian final demand, in volume terms, was $66,192 million, an increase of 0.1% from September quarter 2008. This was the same as the trend growth for New South Wales (0.1%) and below the growth in Australian domestic final demand over the same period (0.3%).
Household final consumption expenditure is the largest component of state final demand, and accounted for 56.8% of the trend volume estimate of state final demand in December quarter 2008. The trend volume estimate of household final consumption expenditure decreased by 0.4% from September quarter 2008. This was the third consecutive quarterly decrease. In the past two decades the only other time there was a decrease was in the four quarters from June quarter 1990 to March quarter 1991. The other main contributors to trend state final demand in December quarter 2008 were private gross fixed capital formation (23.7%) and government final consumption expenditure (16.4%).
View underlying table as an Excel spreadsheet: 1367.2 State Final Demand, Victoria, Chain Volume Measures: Seasonally Adjusted and Trend (file size 60kB).
View underlying table as an Excel spreadsheet: 1367.2 State Final Demand, Victoria: Original (file size 52kB).