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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TASMANIA

In 2005-06, the Tasmanian GSP level represented almost 2% of Australian GDP.

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

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

Values ($m)

GSP(A)
14 071
14 620
15 030
15 667
16 230
16 668
GSP(P)
14 328
14 660
15 133
15 915
16 406
16 790
GSP(I/E)
13 813
14 580
14 926
15 418
16 054
16 546
GDP
784 017
813 542
839 187
873 197
896 568
921 747

Percentage changes from previous year (%)

GSP(A)
-1.4
3.9
2.8
4.2
3.6
2.7
GSP(P)
-1.0
2.3
3.2
5.2
3.1
2.3
GSP(I/E)
-1.8
5.6
2.4
3.3
4.1
3.1

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

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



In the last five years, growth in Tasmanian GSP(P) was between 2.3 and 5.2%. GSP(P) and GSP(I/E) growth rates generally display similar movements.


Throughout the time series, most of differences between GSP(A) and GSP(I/E) growth rates are less than 1.0 percentage point except from 1996-97 to 1998-99 and in 2001-02. The biggest difference was in 1997-98 with 3.1 percentage points difference between the two measures.

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


GSP, Tasmania - 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
0.1
-0.2
0.6
-
0.1
Mining
-0.6
-
-
0.1
-0.1
-0.2
Manufacturing
-0.9
-0.6
0.3
0.5
0.5
0.6
Electricity, gas & water supply
-0.1
-
0.1
-0.2
0.3
-0.2
Construction
-0.4
0.9
-
0.7
0.2
0.6
Wholesale trade
-0.4
-0.3
0.3
0.2
0.2
0.3
Retail trade
0.2
0.2
0.2
0.6
0.4
0.4
Accommodation, cafes & restaurants
-0.1
-0.2
0.2
0.2
0.1
-
Transport & storage
0.3
0.2
0.4
0.5
-
0.1
Communication services
-
0.1
0.2
0.2
-
0.2
Finance & insurance
0.3
0.4
-0.1
-0.2
-0.3
0.1
Property & business services
0.3
-0.4
-
1.0
0.5
-0.3
Government administration & defence
-0.3
0.3
0.9
-0.5
0.3
-0.1
Education
0.1
0.1
0.1
0.2
0.1
0.1
Health & community services
0.2
0.8
-
0.2
0.2
0.3
Cultural & recreational services
0.1
0.1
0.1
0.1
0.1
-
Personal & other services
0.1
0.1
0.1
0.2
0.1
-
Ownership of dwellings
0.2
0.3
0.3
0.3
0.3
0.3
Taxes less subsidies on products
-0.2
0.4
0.4
0.3
0.2
0.1
Statistical discrepancy
-0.4
1.6
-0.4
-1.0
0.5
0.3
GSP(A)
-1.4
3.9
2.8
4.2
3.6
2.7

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


In 2005-06, Manufacturing and Construction (0.6 percentage points) were the main contributors to Tasmanian growth. Property and business services (-0.3 percentage points), Mining (-0.2 percentage points) and Electricity, gas and water (-0.2 percentage points) were the major detractors.


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