5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2003  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2004   
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Trend
Seasonally adjusted
Quarterly % change Sep 03 to Dec 03
Annual % change Dec 02 to Dec 03
% points contribution to growth in GDP Sep 03 to Dec 03
Quarterly % change Sep 03 to Dec 03
Annual % change Dec 02 to Dec 03
% points contribution to growth in GDP Sep 03 to Dec 03
Compensation of employees
1.0
5.3
0.5
1.2
5.5
0.6
Gross operating surplus
Private
3.0
10.2
0.5
3.1
12.1
0.5
Other
1.7
6.0
0.3
1.7
6.3
0.3
Gross mixed income
4.0
10.1
0.3
6.7
10.9
0.6
Taxes less subsidies on production and imports
3.0
9.9
0.4
2.7
11.0
0.3
Statistical discrepancy (I)
. .
. .
0.1
. .
. .
0.3
Gross domestic product
2.2
7.2
2.2
2.6
7.7
2.6
. . not applicable


December Quarter

Summary Comments

Compensation of employees
  • The trend increase of 1.0% in the December quarter reflects a rise of 0.9% in average earnings and 0.1% rise in the number of wage and salary earners. Seasonally adjusted, compensation of employees grew by 1.2%. Average earnings increased by 0.9%, while the number of wage and salary earners increased by 0.3%. Further discussion of compensation of employees is found on page 13.
Wages Share of Total Factor Income: Trend
Graph: Wages Share of Total Factor Income: Trend



Gross operating surplus
  • The trend GOS of financial and non-financial corporations increased by 2.7% in the December quarter, following a rise of 3.0% in the September quarter. In seasonally adjusted terms GOS of financial and non-financial corporations increased by 2.8% in the December quarter, following a rise of 4.4% in the September quarter.
Profit (a) Share of Total Factor Income: Trend
Graph: Profit Share of Total Factor Income: Trend