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INCOME FROM GDP
The profits share (based on Gross operating surplus for Financial and Non-financial corporations) of Total factor income reached 26.5% in 2007-08 and this represents the highest share recorded since 1959-60. The profits shares recorded since the early 1990s are at a distinctly higher level than those at any time since 1959-60. The profit share measure should not be interpreted as a direct measure of 'profitability' for which it is necessary to relate profits to the level of capital assets employed.
National net saving was positive in 2007-08 at $82.3 billion or 7.3% of GDP. As a proportion of GDP, household net saving generally increased from 1959-60 to a peak in 1974-75 of 11.5% of GDP. The series then gradually decreased, eventually reaching its lowest at -1.8% of GDP in 2003-04 (a net saving level of $-15.1 billion). In 2006-07 household saving was again positive at 1.1% of GDP. Household net saving was equal to $11 billion.
When analysing household saving it is also useful to consider Household net worth, currently at $5,056.3 billion at 30 June 2008. Estimates are presented in Table 51. For more information please refer to Balance Sheets.
In 2007-08, Financial corporations net saving was 3.8% of GDP ($43 billion). General government net saving represented 2.9% of GDP ($32.9 billion) and net saving for Non-financial corporations represented 0.1% of GDP ($609 million).
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