5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/06/2017   
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MAIN FEATURES INCOME AT CURRENT PRICES

Trend
Seasonally adjusted
% change
Dec 16
to Mar 17
% change Mar 16 to Mar 17
% points contributions to growth in GDP Dec 16 to Mar 17
% change
Dec 16
to Mar 17
% change Mar 16 to Mar 17
% points contributions to growth in GDP Dec 16 to Mar 17

Compensation of employees
0.3
1.4
0.1
1.0
1.5
0.5
Gross operating surplus
Private non-financial corporations
8.5
27.7
1.5
7.8
30.5
1.4
Other(a)
1.1
4.0
0.2
1.2
4.1
0.2
Gross mixed income
1.6
7.4
0.1
-0.1
7.9
-
Taxes less subsidies on production and imports
0.9
1.9
0.1
2.0
3.1
0.2
Statistical discrepancy (I)
na
na
0.1
na
na
0.1
Gross domestic product
2.3
7.3
2.3
2.3
7.7
2.3

- nil or rounded to zero (including null cells)
na not available
(a) Includes Public non-financial corporations, Financial corporations, General government and Dwellings owned by persons.



MARCH QUARTER

Summary Comments

Compensation of employees (COE)
  • Seasonally adjusted COE increased 1.0%, reflecting an increase of 0.7% in average compensation per employee.
  • The increase in COE was mainly driven by Professional, Scientific and Technical Services, Public Administration and Safety, Health Care and Social Assistance, and Administrative and Support Services.
  • Private sector COE increased 0.7%.
  • Public sector COE increased 2.1%, with rises observed in all states.

State Compensation of employees
  • The Australian Capital Territory recorded the highest quarterly rise in COE at 2.9%, while Tasmania recorded the largest fall, declining by 0.7%.
  • Through the year COE in Victoria rose 4.2% while New South Wales increased 1.7%, both higher than the Australia level increase of 1.5%. Western Australia had the largest decrease, falling 3.7% from March 2016 levels.

STATE COMPENSATION OF EMPLOYEES, Current prices: Seasonally adjusted
This graph shows the seasonally adjusted current prices for state compensation of employees


Gross operating surplus (GOS)
  • Total GOS increased 4.6% for the March quarter. Private non-financial corporations was the main contributor to the increase in GOS, recording an increase of 7.8%, followed by financial corporations increasing by 2.3%.