Australian Bureau of Statistics
1301.0 - Year Book Australia, 2006
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/01/2006
|Page tools: Print Page RSS Search this Product|
VALUE OF GOODS AND SERVICES PRODUCED BY INDUSTRIES
Graph 13.2 shows industry GVA shares of GDP (in current prices) in 2003-04. The manufacturing industry contributed the largest share to GDP (10.9% or $88b) in 2003-04. This was followed by the property and business services industry (10.5% of GDP or $86b). The finance and insurance industry was the third most important industry in terms of contribution to GDP, contributing 7.6% or $62b.
Between 1993-94 and 2003-04, the greatest relative increase in industry GVA share of GDP was for the property and business services industry (up 1.8 percentage points). The next largest increases were for the finance and insurance (1.3 percentage points), and construction (0.8 percentage points) industries.
In the same period, the greatest fall in relative shares of GDP was for the manufacturing industry (down 2.0 percentage points). The next largest decreases in relative shares were for the electricity, gas and water supply industry (0.8 percentage points) followed by agriculture, forestry and fishing (0.4 percentage points) and mining, wholesale trade, and education industries, all of which had a decrease in relative share of GDP of 0.3 percentage points.
Graph 13.3 shows the average annual rate of growth in GVA (in chain volume terms) for individual industries between 1993-94 and 2003-04. The communication services industry had the highest average annual rate of growth (7.1%), followed by property and business services (5.6%) and construction industries (5.2%). Average annual growth rates provide an indicator of the broad underlying behaviour of the annual series over several years. These averages, however, smooth annual movements in the series and mask the highest and lowest annual movements.
The average annual growth rates shown were affected by year-on-year changes in levels between 1993-94 and 2003-04. In terms of year-on-year changes, the fastest growing industry in this period, the communication services industry, showed strong and relatively steady increases in GVA from 1993-94 to 1998-99. After this period, the year-on-year increases were much lower. In the twelve months following 2002-03 production of the communication services industry rose by 3%.
The year-on-year changes for the agriculture, forestry and fishing industry varied significantly over time. While the value of production (GVA) of this industry grew by only 2.7% on average each year between 1993-94 and 2003-04, its GVA fell by 17% between 1993-94 and 1994-95 and by 24% in the period 2001-02 to 2002-03, due largely to the effects of drought on agricultural production. Over the 10-year period, 1993-94 to 2003-04, the largest year-on-year growth followed the recent drought with a 27% increase between 2002-03 and 2003-04.
Another industry that had been subjected to quite significant variation in year-on-year changes especially in recent years, is the construction industry. In the period 2001-02 to 2002-03 the value of production (GVA) of the construction industry grew by 16%, with the previous annual period (2000-01 to 2001-02) also recording strong growth (12%). This growth followed a fall of 14% between 1999-2000 and 2000-01, coinciding with the introduction of The New Tax System in July 2000. On average, GVA of this industry grew by 5.2% each year in the period 1993-94 to 2003-04.
This page last updated 24 January 2007
Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.