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1301.0 - Year Book Australia, 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003   
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Contents >> Mining >> Contribution to gross domestic product (GDP)

Graph 18.1 shows that the total volume of production (measured in terms of industry gross value added) of the mining industry in chain volume terms (measuring 'real' output unaffected by price change) increased dramatically in 1987-88. Since then, production has continued to rise at an average rate of about 5% per year.

Graph - 18.1 Mining production volumes(a)



Over the period 1994-95 to 2000-01, mining production increased by 32% (table 18.2). Despite this significant increase, the mining industry's contribution to GDP in percentage terms stayed much the same over the period, at about 5%. This was because the GDP for all industries excluding mining also increased over the period, by 27%.

Production in the mining industry other than services to mining has been consistently high and increasing steadily over the years. It accounts for most of the increases in the production for the mining industry as a whole. Between 1994-95 and 2000-01, the production of mining other than services to mining increased by 34%, although its contribution to the mining industry remained around 93-95%.

The contribution of services to mining, by its nature, has been small and very volatile. During the period 1994-95 to 2000-01, the production of services to mining varied from a low of $1,325m in 1999-2000 to a high of $1,856m in 1997-98.


18.2 MINING GROSS VALUE ADDED AND CONTRIBUTION TO GDP, Chain volume measures(a)(b)

Units
1994-95
1995-96
1996-97
1997-98
1998-99
1999-2000
2000-01

Gross value added
Mining (excluding services to mining)
$m
20,984
22,613
22,898
23,617
23,906
26,777
28,087
Services to mining
$m
1,563
1,672
1,769
1,856
1,739
1,325
1,564
Total
$m
22,400
24,123
24,519
25,329
25,462
28,102
29,651
Contribution to GDP(c)
%
4.8
5.0
4.9
4.8
4.6
4.9
5.0

(a) Reference year for these chain volume measures is 1999-2000.
(b) Chain volume measures are not additive for most periods; the component measures do not sum to a total in the same way as the corresponding current price components do.
(c) Strictly gross value added at basic prices, chain volume measures.

Source: Australian National Accounts: National Income, Expenditure and Product (5206.0).


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