GROSS VALUE ADDED
Table 1.2 illustrates the growth of Australian industries over time using chain volume measures of their gross value added. Chain volume measures provide estimates free of the direct effect of price change.
Of the seventeen industries shown in table 1.2, Electricity, gas and water supply ranked lowest in its average annual growth rate over the past 10 years and equal fifteenth over the past 25 years, with average annual increases of 1.1% and 2.4% respectively. By comparison, the highest growth rates were recorded by Communication services, with annualised rates of 6.4% and 7.6% for the 10 year and 25 year periods.
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