7123.3.55.001 - Agricultural State Profile, Queensland, 2001-02

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/09/2003

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Contents >> Agriculture and the economy

The contribution of agriculture to the Queensland 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 2000-01, the gross value of agricultural production for Queensland was $7.2 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 farm businesses. In 2001-02, the GFP for Queensland was calculated to be $5.4 billion, or 4.5% of gross state product;
the value of exports of agricultural commodities from Queensland (i.e. export products sourced from the agriculture industry), which was $470 million in 2002-03.

GROSS FARM PRODUCT, Queensland


	1997-98 $m	1998-99 $m	1999-2000 $m	2000-01 $m	2001-02 $m

Gross Farm Product (GFP)	2,910	3,781	4,193	4,591	5,404
Gross State Product (GSP)	91,210	97,098	102,337	109,630	120,009
GFP as % of GSP	3.2	3.9	4.1	4.2	4.5

Source: Australian National Accounts, State Accounts (cat. no. 5220.0).

This section contains the following subsection :
Value of agricultural production