1383.0.55.001 - Measures of Australia's Progress: Summary Indicators, 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/04/2009
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Real net national disposable income per person
For technical information see Endnote 1.
Source: Australian System of National Accounts, 2007-08 (cat. no. 5204.0).
Australia experienced significant real income growth during the past decade. Between 1997-98 and 2007-08, real net national disposable income per person grew by 2.8% a year on average, appreciably faster than during the preceding 20-year period. In the 10 years to 2007-08, GDP per person grew by 2.2% on average. Growth in the terms of trade contributed to the stronger growth in income compared with GDP. Despite the impacts of the global financial downturn on the Australian economy, national income continued to increase in trend terms during the last two quarters of 2008 (Endnote 2).
ABOUT THIS INDICATOR
National income is a measure of Australia's capacity to acquire goods and services for consumption. It is a determinant of material living standards and is also important for other aspects of progress. There are many different ways of measuring income. The headline measure - real net national disposable income per person - has a variety of features that make it an informative indicator of national progress.
State and territory spreadsheets
National income - Measures of Australia's Progress, 2006
Themes - National Accounts
1. Real net national disposable income is based on a volume measure with reference year of 2006-07.
2. Australian Bureau of statistics, 2009, Australian National Accounts: National Income, Expenditure and Product, Dec 2008 (cat. no. 5206.0).
LINK TO THE DETAILED SUMMARY
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