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5220.0.55.002 - Information paper: Gross State Product using the Production approach GSP(P), 2007  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 14/09/2007  First Issue
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Contents >> GSP using the production approach – by State >> Australian Capital Territory

AUSTRALIAN CAPITAL TERRITORY

In 2005-06, the Australian Capital Territory GSP level represented around 2% of Australian GDP.

Gross state product, Australian Capital Territory - Chain volume measures(a)

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06

Values ($m)

GSP(A)
17 127
17 466
18 029
18 232
18 740
19 467
GSP(P)
17 170
17 489
18 030
18 356
19 007
19 835
GSP(I/E)
17 083
17 443
18 028
18 108
18 473
19 098
GDP
784 017
813 542
839 187
873 197
896 568
921 747

Percentage changes from previous year (%)

GSP(A)
2.3
2.0
3.2
1.1
2.8
3.9
GSP(P)
2.8
1.9
3.1
1.8
3.5
4.4
GSP(I/E)
1.8
2.1
3.3
0.4
2.0
3.4

(a) Reference year for chain volume measures is 2004-05.

Gross State Product, Australian Capital Territory - Chain volume measures(a): Percentage changes from previous year
Graph: Gross State Product, Australian Capital Territory—Chain volume measures(a): Percentage changes from previous year



The Australian Capital Territory recorded strong growth over most of the period with peaks in 1994-95 and 1998-99. GSP growth was negative on two occasions, 1991-92 and 1995-96.


Growth rates for GSP(P) and GSP(I/E) generally display similar movements. Some differences from 1997-98 to 1999-2000 are evident.

Difference between GSP(A) and GSP(I/E), Percentage changes - Australian Capital Territory: Chain volume measures(a)
Graph: Difference between GSP(A) and GSP(I/E), Percentage changes—Australian Capital Territory: Chain volume measures(a)



Throughout the time series, differences between GSP(A) and GSP(I/E) growth were lower than 1.0 percentage point except in 1995-96 and from 1997-98 to 1999-2000. The largest difference was in 1997-98 when it was 2.1 percentage points.

GSP, Australian Capital Territory - Chain volume measures(a): Contribution to growth

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
% pts
% pts
% pts
% pts
% pts
% pts

Agriculture, forestry & fishing
-
-
-
-
-
-
Mining
-
-
-
-
-
-
Manufacturing
0.1
0.1
0.1
0.1
0.1
0.2
Electricity, gas & water supply
-
-
-0.2
0.2
-0.1
-0.2
Construction
-1.3
0.6
1.1
0.2
0.2
1.0
Wholesale trade
0.2
-0.1
-
-
0.2
-
Retail trade
0.3
0.3
0.1
0.1
0.1
0.2
Accommodation, cafes & restaurants
0.3
-
0.1
-0.1
-0.1
-0.1
Transport & storage
-
-
-0.1
0.1
0.1
0.2
Communication services
-
0.1
0.2
0.2
0.1
0.3
Finance & insurance
0.5
-0.1
-0.8
-0.3
0.2
0.7
Property & business services
1.4
0.5
-0.6
-0.2
0.9
1.9
Government administration & defence
0.8
-0.8
1.7
0.6
1.4
0.1
Education
0.1
-
0.3
0.1
0.1
-0.1
Health & community services
0.2
0.2
0.3
0.3
0.2
0.3
Cultural & recreational services
0.3
-
0.2
0.2
0.2
0.2
Personal & other services
0.2
0.4
0.1
-
-0.3
0.1
Ownership of dwellings
0.3
0.3
0.3
0.3
0.3
0.3
Taxes less subsidies on products
-0.8
0.2
0.1
-
-0.1
-0.3
Statistical discrepancy
-0.5
0.1
0.1
-0.7
-0.8
-0.6
GSP(A)
2.3
2.0
3.2
1.1
2.8
3.9

- nil or rounded to zero (including null cells)
(a) Reference year for chain volume measures is 2004-05.


In 2005-06, the largest positive contributors to GSP growth in the Australian Capital Territory were Property and business services (1.9 percentage points), Construction (1.0 percentage point) and Finance and insurance (0.7 percentage points). The largest negative contributor was Electricity, gas and water (-0.2 percentage points).

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