The contribution of agriculture to the Tasmanian economy can be measured in a number of ways. The most direct measurement available is the gross value of agricultural production, which is the value placed on recorded production at wholesale prices realised in the market place. In 2003-04, the gross value of agricultural production for Tasmania was $857 million.
Other measures of the contribution of agriculture to the economy include:
- gross farm product (GFP), which is a measure of the value added in production by farm businesses. In 2004-05, the GFP for Tasmania was calculated to be $661 million, or 4.1% of gross state product; and
- the value of exports of agricultural commodities from Tasmania (i.e. export products sourced from the agriculture industry), which was $89.7 million in 2004-05.
GROSS FARM PRODUCT, Tasmania
Source: Australian National Accounts: State Accounts (cat. no. 5220.0).
|Gross Farm Product (GFP) ($m)|
|Gross State Product (GSP) ($m)|
|GFP as % of GSP|