Two measures of the importance of an industry are its contributions to GDP and to employment; these are illustrated in table 13.1.
The table shows that, in 2000-01, Manufacturing remained the most significant industry in terms of its contribution to GDP. Property and business services was the only other industry to contribute over 10% of GDP. Retail trade, with 14.8% of total employment, was the largest employing industry, followed by Manufacturing (12.3%).
13.1 INDUSTRY GROSS VALUE ADDED AND EMPLOYMENT(a) - 2000-01
|
| Industry gross value added at current prices | Employment(b) |
|
|
|
| | Contribution to GDP | | Contribution to total employment |
Industry | $m | %(c) | ’000 | %(c) |
|
Agriculture, forestry and fishing | 21,647 | 3.2 | 429 | 4.7 |
Mining | 31,598 | 4.7 | 78 | 0.9 |
Manufacturing | 78,266 | 11.7 | 1,119 | 12.3 |
Electricity, gas and water supply | 16,339 | 2.4 | 68 | 0.7 |
Construction | 33,543 | 5.0 | 668 | 7.3 |
Wholesale trade | 31,378 | 4.7 | 431 | 4.7 |
Retail trade | 33,915 | 5.1 | 1,348 | 14.8 |
Accommodation, cafes and restaurants | 16,331 | 2.4 | 465 | 5.1 |
Transport and storage | 32,484 | 4.8 | 424 | 4.6 |
Communication services | 19,710 | 2.9 | 189 | 2.1 |
Finance and insurance | 43,950 | 6.6 | 354 | 3.9 |
Property and business services | 74,779 | 11.2 | 1,066 | 11.7 |
Government administration and defence | 24,054 | 3.6 | 373 | 4.1 |
Education | 29,287 | 4.4 | 629 | 6.9 |
Health and community services | 37,466 | 5.6 | 910 | 10.0 |
Cultural and recreational services | 11,542 | 1.7 | 225 | 2.5 |
Personal and other services | 14,490 | 2.2 | 359 | 3.9 |
Ownership of dwellings | 61,117 | 9.1 | . . | . . |
Taxes less subsidies on products | 58,171 | 8.7 | . . | . . |
Statistical discrepancy | -38 | . . | . . | . . |
Total | 670,029 | 100.0 | 9,134 | 100.0 |
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(a) Estimates relate to May 2001 and are entirely sourced from the Labour Force Survey.
(b) Defence forces are not included in the estimates of employment.
(c) Percentage contributions may not sum to 100% due to rounding. |
Source: Australian System of National Accounts, 2000-01 (5204.0); Labour Force, Australia, May 2002 (6203.0). |