The performance of an industry can be measured by sales and service income, wages and salaries and industry value added.
Sales and service income includes sales of minerals and other goods, income from services and rent, and leasing and hiring income. Sales and service income for the Tasmanian mining industry, excluding services to mining, was $484.4m in 2003-04, up 8.6% from the previous year.
Wages and salaries for the Tasmanian mining industry, excluding services to mining were $65.7m, down 27.3% from the previous year.
Industry value added represents the value added by an industry to the intermediate inputs used by the industry in production. Industry value added is the measure of the contribution by mining businesses to gross domestic product. In 2003-04, the mining industry's industry value added was $203.4m, a rise of 87.6% from 2002-03. This increase was driven largely by improved world commodity prices, and an accompanying decline in the value of the Australian dollar.
KEY DATA, Selected Mining(a), Tasmania
Sales and service
^ estimate has a relative standard error of 10% to less than 25% and should be used with caution
** estimate has a relative standard error greater than 50% and is considered to unreliable for general use
(a) Total Mining excluding services to mining.
(b) Includes rent, leasing and hiring income.
(c) Excludes the drawings of working proprietors.
Source: Mining Operations, Australia (cat. no. 8415.0).