5206.0 - Australian National Accounts: National Income, Expenditure and Product, Mar 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/06/2018   
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MAIN FEATURES INCOME AT CURRENT PRICES




Trend
Seasonally adjusted


% Change
% Change
% points contribution to
% Change
% Change
% points contribution to
Dec 17 to
Mar 17 to
growth in GDP
Dec 17 to
Mar 17 to
growth in GDP
Mar 18
Mar 18
Dec 17 to Mar 18
Mar 18
Mar 18
Dec 17 to Mar 18

Compensation of employees
1.2
5.1
0.6
1.2
5.1
0.6
Gross operating surplus
Private non-financial corporations
3.0
5.5
0.5
6.0
4.9
1.0
Other(a)
1.1
4.2
0.2
1.8
4.6
0.3
Gross mixed income
0.6
-3.1
-
0.6
-4.5
-
Taxes less subsidies on production and imports
1.3
5.3
0.1
3.4
7.0
0.3
Statistical discrepancy (I)
na
na
-0.1
na
na
-0.1
Gross domestic product
1.4
3.9
1.4
2.2
3.9
2.2

- 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 1.2%. Average compensation per employee increased 0.5%.
  • The increase in COE was driven by Health Care and Social Assistance, Administrative and Support Services, Public Administration and Safety, and Education and Training. These rises were partially offset by a fall in Accommodation and Food Services and Professional Scientific and Technical Services.
  • Private sector COE increased 1.2%.
  • Public sector COE increased 1.4%.

Gross operating surplus (GOS)
  • Total GOS increased 4.0% for March quarter 2018, with increases across all sectors. Private non-financial corporations was the main contributor increasing 6.0%. Through the year, total GOS has increased 4.8%, driven by Mining GOS, which increased 6.1%. This was due to both higher production and continuing strength in commodity prices. In the March quarter, financial corporations’ GOS increased 2.2%.

State Compensation of employees
  • All states recorded growth in COE this quarter except for the Australian Capital Territory and Northern Territory. Victoria and New South Wales contributed most to this quarter's growth, increasing 1.9% and 1.1% respectively.
  • Through the year COE increased for all jurisdictions with Tasmania and Victoria recording the strongest growth.

STATE COMPENSATION OF EMPLOYEES, Current Prices: Seasonally Adjusted
Graph shows STATE COMPENSATION OF EMPLOYEES Current Prices Seasonally Adjusted