• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

The contribution of agriculture to the NSW economy can be measured in a number of ways. The most direct measurement available is the gross value of agricultural production, which is the value placed on recorded production at wholesale prices realised in the market place. In the financial year 2006-07, the estimate of the gross value of agricultural production in NSW was $7.7 billion.

Other measures of the contribution of agriculture to the economy include:

• gross farm product (GFP), which is a measure of the value added in production by agricultural businesses. In 2006-07, the GFP for NSW was calculated to be $3.8 billion, or 1.1% of gross state product; and
  
• the value of exports of agricultural commodities from NSW (i.e. export products sourced from the agriculture industry), which amounted to $1.0 billion in 2006-07.

	Gross Farm Product (GFP) ($m)	Gross State Product (GSP) ($m)	GFP as % of GSP per cent
2002-03	5 015	266 582	1.9
2003-04	4 810	284 605	1.7
2004-05	5 359	300 636	1.8
2005-06	5 021	315 709	1.6
2006-07	3 770	335 144	1.1

GFP AS PERCENTAGE OF GSP, NSW



VALUE OF AGRICULTURAL EXPORTS FROM NSW

	$'000
2002-03	1 413 342
2003-04	1 054 981
2004-05	1 464 728
2005-06	1 419 145
2006-07	1 028 111