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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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QUEENSLAND

Queensland is the third largest state in Australia in terms of GSP. In 2005-06 it represented around 18% of Australian GDP in level terms.

Gross state product, Queensland - Chain volume measures(a)

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

Values ($m)

GSP(A)
130 837
139 069
144 925
153 497
160 693
168 853
GSP(P)
131 476
139 507
143 898
153 342
160 400
168 769
GSP(I/E)
130 197
138 631
145 951
153 652
160 986
168 937
GDP
784 017
813 542
839 187
873 197
896 568
921 747

Percentage changes from previous year (%)

GSP(A)
2.8
6.3
4.2
5.9
4.7
5.1
GSP(P)
4.4
6.1
3.1
6.6
4.6
5.2
GSP(I/E)
1.3
6.5
5.3
5.3
4.8
4.9

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

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



Queensland's GSP(P) growth has been positive over the whole time period with relatively strong growth for the period 1992-93 to 2005-06, varying between 3.1% and 6.6%.


The growth in GSP(P) and GSP(I/E) has been fairly similar over the time series, except for 1999-2000 (1.9 percentage points), 2000-01 (3.1 percentage points) and 2002-03 (2.2 percentage points).


Throughout the time series, the difference between GSP(A) and GSP(I/E) growth has been less than 1.0 percentage point except in 2000-01 and 2002-03 where differences were 1.5 and 1.1 percentage points respectively.

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


GSP, Queensland - 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
-
-0.1
-0.6
0.6
0.2
-0.1
Mining
1.2
0.5
-0.1
0.3
0.6
-0.1
Manufacturing
0.6
0.6
0.6
0.3
0.2
0.3
Electricity, gas & water supply
0.2
0.1
-
0.1
-
0.2
Construction
-0.8
0.6
0.9
0.6
0.4
0.7
Wholesale trade
0.3
0.4
-
0.3
0.2
0.2
Retail trade
0.2
0.3
0.4
0.7
0.4
0.1
Accommodation, cafes & restaurants
0.2
-0.2
0.2
0.3
-
0.3
Transport & storage
0.3
0.4
0.1
0.3
0.3
0.2
Communication services
-
0.1
0.2
0.1
0.1
0.2
Finance & insurance
0.5
0.5
-
0.3
0.4
0.5
Property & business services
0.7
1.1
0.6
1.3
0.7
1.4
Government administration & defence
0.2
0.2
-0.3
0.2
0.3
0.3
Education
0.2
0.1
0.1
0.2
-
0.2
Health & community services
0.3
0.3
0.2
0.3
0.3
0.3
Cultural & recreational services
0.1
0.1
0.1
0.1
0.1
-
Personal & other services
0.2
0.3
-0.1
-
0.1
0.1
Ownership of dwellings
0.3
0.3
0.3
0.3
0.4
0.3
Taxes less subsidies on products
-0.2
0.4
0.4
0.3
0.2
0.1
Statistical discrepancy
-1.5
0.2
1.1
-0.6
0.1
-0.2
GSP(A)
2.8
6.3
4.2
5.9
4.7
5.1

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


In 2005-06, the main industries that contributed to Queensland GSP growth were Property and business services (1.4 percentage points), Construction (0.7 percentage points) and Finance and insurance (0.5 percentage points). Only Agriculture, forestry and fishing and Mining (-0.1 percentage points) detracted from Queensland growth in 2005-06. Mining contribution to GSP(P) growth was flat in 2005-06 due to capacity constraints limiting growth and an increase in lead, silver and zinc production being offset by falls in copper and coal production.

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