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1384.6 - Statistics - Tasmania, 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/01/2005   
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Contents >> Manufacturing and Energy >> Contribution of manufacturing to the Tasmanian economy

The contribution of the manufacturing industry to the Tasmanian economy can be assessed in terms of its contribution to Gross State Product (GSP). GSP is the total market value of goods and services produced in Tasmania within a given period after deducting the cost of goods and services used up in the process of production, but before deducting allowances for the consumption of fixed capital.

In 2003-04, the manufacturing sector contributed 13.7% to Tasmania's GSP based on factor incomes (i.e. the sum of compensation of employees, gross operating surplus and gross mixed income).

Compensation of employees includes wages and salaries, employer contributions to pension and superannuation funds, and premiums paid by employers to workers' compensation schemes. In 2003-04, some 13.4% of Tasmania's compensation of employees was in the manufacturing industry.

Gross operating surplus and gross mixed income is defined as gross value added minus compensation of employees, minus taxes on production and imports payable plus subsidies receivable. In 2003-04, some 14.1% of Tasmania's gross operating surplus and gross mixed income was in the manufacturing industry.

MANUFACTURING'S CONTRIBUTION TO GROSS STATE PRODUCT, Tasmania

Compensation of employees
Gross operating surplus and gross
mixed income
Gross State
Product(a)

Year
$m
% of Tas.
total
$m
% of Tas.
total
$m
% of Tas.
total

1998-99
859
15.7
655
r 14.1
1,514
r 15.0
1999-2000
847
15.5
645
r 13.9
1,492
14.7
2000-01
850
15.1
r 651
r 13.7
r 1,501
r 14.4
2001-02
r 871
r 14.7
r 702
r 13.4
r 1,573
14.1
2002-03
r 905
r 14.3
r 755
r 13.7
r 1,660
r 14.0
2003-04
913
13.4
860
14.1
1,773
13.7

r revised
(a) Based on factor incomes (i.e. the sum of compensation of employees, gross operating surplus and gross mixed income).

Source: Australian National Accounts: State Accounts (cat. no. 5220.0).


FURTHER INFORMATION


This section contains the following subsection :
        Industry value added
        Industry value added per person employed
        Mineral processing

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