Contents >> Manufacturing >> Contribution to gross domestic product

Graph 19.7 shows that the total volume of production (measured in terms of industry gross value added) of the manufacturing industry in chain volume terms (measuring 'real' output unaffected by price change) increased in most years from 1982-83 to 2000-01. Production levels peaked in 1988-89 before dropping back to around the level achieved in 1987-88. Since then manufacturing production has continued to increase at an average rate of 3% per year.

Graph - 19.7 production volumes(a)



Manufacturing gross value added has risen by 13% over the past five years, 22% over the past 10 years and 38% over the past 20 years. However, in percentage terms manufacturing's contribution to GDP has been trending down for some years, and has declined by 1.3 percentage points of GDP since 1994-95 (table 19.8).

Over the period 1994-95 to 2000-01, gross value added rose in five of the nine manufacturing subdivisions, the largest growth being recorded in Food, beverage and tobacco manufacturing (by 42%), Machinery and equipment manufacturing (by 25%), and Petroleum, coal, chemical and associated product manufacturing (by 23%). Production levels for some subdivisions declined over the same period, most noticeably in Textile, clothing, footwear and leather manufacturing (by 15%) and Other manufacturing (by 10%).


19.8 GROSS VALUE ADDED, Chain volume measures(a) - Contribution to GDP
Industry subdivision
Units
1994-95
1995-96
1996-97
1997-98
1998-99
1999-2000
2000-01
Food, beverage and tobacco manufacturing
$m
11,989
12,428
12,603
13,622
14,488
15,392
17,001
Textile, clothing, footwear & leather manufacturing
$m
3,345
3,173
3,147
3,206
3,246
3,044
2,855
Wood and paper product manufacturing
$m
4,778
4,881
4,710
4,762
4,719
5,357
4,697
Printing, publishing and recorded media
$m
6,125
6,195
6,566
6,495
6,611
7,012
6,432
Petroleum, coal, chemical and associated product manufacturing
$m
8,861
9,372
9,567
9,817
10,429
10,389
10,867
Non-metallic mineral product manufacturing
$m
4,771
4,419
4,480
4,644
5,236
4,271
4,572
Metal product manufacturing
$m
11,055
11,345
11,610
11,694
11,981
11,402
11,440
Machinery and equipment manufacturing
$m
11,240
11,686
12,053
12,551
12,924
14,365
14,028
Other manufacturing
$m
2,520
2,496
2,589
2,723
2,730
2,660
2,258
All manufacturing(b)
$m
64,187
65,632
66,976
69,161
71,891
73,892
74,150
Contribution to GDP(c)
%
13.8
13.5
13.3
13.1
13.0
12.8
12.5
(a) Reference year for these chain volume measures is 1999-2000.
(b) Chain volume measures are not additive for most periods; the component measures do not sum to a total in the same way as the corresponding current price components do.
(c) Strictly gross value added at basic prices, chain volume measures.

Source: Australian National Accounts: National Income, Expenditure and Product (5206.0).



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