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1301.0 - Year Book Australia, 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 21/01/2005   
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Contents >> Manufacturing >> Economic contribution of the manufacturing industry

Production can be measured on a net basis, that is, the value of goods and services produced less the value of inputs (e.g. labour, capital) used in production. In national accounting terms, the contribution of an industry to the overall production of goods and services in an economy is measured by industry gross value added (GVA). Industry GVA sums the gross value added by each producer in the industry.

Total production of the manufacturing industry measured by industry GVA in chain volume terms (i.e. output adjusted for price changes) increased in most years from 1982-83 to 2002-03 (graph 18.1). Production increased by 52.3% between 1982-83 and 2002-03.

Graph 18.1: MANUFACTURING PRODUCTION(a)



Table 18.2 shows the industry GVA of the broad subdivisions within manufacturing as defined in the Australian and New Zealand Standard Industrial Classification (ANZSIC). The table also shows the contribution the manufacturing industry made to Australia's gross domestic product (GDP). During the period 1998-99 to 2002-03, manufacturing industry GVA rose by 9.4% and its contribution to GDP declined marginally from 11.1% to 10.8%.

Although industry GVA rose steadily over the period for the manufacturing sector as a whole, a closer look at individual manufacturing industry subdivisions shows some volatility. Food, beverage and tobacco manufacturing increased by 6% between 1998-99 and 2000-01, then fell 3% over the next two years, reflecting the impact of the recent drought. Two of the largest manufacturing subdivisions-petroleum, coal, chemical and associated product manufacturing, and machinery and equipment manufacturing-rose strongly over the period, recording 19.0% and 12.7% growth in industry GVA respectively. Industry GVA for textiles, clothing, footwear and leather manufacturing decreased by 28.5% - the only industry subdivision in manufacturing to record a decrease every year over the period.

18.2 MANUFACTURING GROSS VALUE ADDED AND CONTRIBUTION TO GDP, Chain volume measures(a)

Industry subdivision
Units
1998-99
1999-2000
2000-01
2001-02
2002-03
Percentage change from 1998-99 to 2002-03

Industry gross value added
Food, beverage and tobacco manufacturing
$m
14,163
14,370
15,007
14,874
14,499
2.4
Textile, clothing, footwear and leather manufacturing
$m
3,095
2,981
2,752
2,403
2,213
-28.5
Wood and paper product manufacturing
$m
4,052
4,377
4,268
4,514
4,899
20.9
Printing, publishing and recorded media
$m
8,178
8,424
8,878
9,012
8,700
6.4
Petroleum, coal, chemical and associated product manufacturing
$m
11,442
11,829
12,105
12,480
13,619
19.0
Non-metallic mineral product manufacturing
$m
3,184
3,365
3,451
3,712
4,032
26.6
Metal product manufacturing
$m
10,474
10,023
9,979
10,586
10,787
3.0
Machinery and equipment manufacturing
$m
14,640
14,544
15,273
15,596
16,502
12.7
Other manufacturing
$m
2,900
2,951
3,070
3,509
3,706
27.8
Manufacturing(b)
$m
72,198
72,835
74,739
76,686
78,958
9.4
Contribution to GDP
%
11.1
10.8
10.9
10.7
10.8
. .

(a) Reference year for chain volume measures is 2001-02.
(b) Chain volume measures for years other than 2001-02 and 2002-03 are not additive.

Source: Australian System of National Accounts, 2002-03 (5204.0).


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