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| ECONOMY |
NATIONAL ACCOUNTS
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| Chain volume GDP and related measures(a) |  | 2004-05 | 2005-06 |
|
| GDP | $m | 896,568 | 921,747 |
| GDP | % change | 2.7 | 2.8 |
| GDP per capita | % change | 1.5 | 1.5 |
| a | | | | |
| Real net national disposable income(a) | % change | 3.7 | 4.4 |
| | | | |
| Multifactor productivity - Market sector(b) | % change | -1.1 | 0.0 |
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(a) Reference year for chain volume measures is 2004-05.
(b) Gross domestic product per combined unit of labour and capital. Hours worked basis.
Average annual growth in Volume GDP(a) 1997 to 2006 |
|
| Australia | 3.5 |
| Canada | 3.4 |
| France | 2.2 |
| Germany | 1.5 |
| Italy | 1.4 |
| Japan | 1.0 |
| New Zealand | 3.2 |
| United Kingdom | 2.8 |
| United States of America | 3.1 |
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(a) Based on real gross domestic product for all countries other than Japan which is based on real gross national product.
Source: OECD, Quarterly National Accounts, vol. 2007/1. |
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CONSUMER PRICE AND OTHER PRICE INDEXES(a)
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| | 2004-05 | 2005-06 | 2006-07 |
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| CPI, all groups | 147.0 | 151.7 | 156.1 |
| Stage of production (stage 3)(b) | 116.1 | 120.4 | 124.2 |
| Export | 116.4 | 136.0 | 146.8 |
| Import | 112.8 | 117.0 | 115.7 |
| Output of general construction(b) | 130.2 | 136.5 | 142.3 |
| Articles produced by manufacturing | 139.3 | 149.4 | 156.4 |
| Transport (freight) and storage(b) | 111.2 | 115.9 | 118.6 |
| Property and business services(b) | 120.3 | 125.6 | 133.3 |
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(a) Unless otherwise specified, reference base year is 1989-90 = 100.0.
(b) Reference base year is 1998-99 = 100.0. |
INTERNATIONAL MERCHANDISE TRADE
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| 2005-06 | 2006-07 |
| $m | $m |
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| Total exports | 152,492 | 168,188 |
| Total imports | 167,503 | 180,763 |
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| 2006-07 | 2006-07 |
| Exports | Imports |
| Major merchandise commodities | $m | $m |
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| Food and live animals | 18,823 | 6,926 |
| Beverages and tobacco | 3,180 | 1,356 |
| Crude materials, inedible, except fuels | 41,305 | 2,442 |
| Mineral fuels, lubricants and related materials | 38,885 | 22,132 |
| Animal and vegetable oils, fats and waxes | 360 | 531 |
| Chemicals and related products, n.e.s. | 7,417 | 19,882 |
| Manufactured goods classified chiefly by material | 18,643 | 20,917 |
| Machinery and transport equipment | 13,043 | 76,783 |
| Miscellaneous manufactured articles | 4,926 | 24,201 |
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INTERNATIONAL TRADE IN SERVICES
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| 2005-06 | 2006-07 |
| | $m | $m |
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| Total exports of services | 41,849 | 46,233 |
| Freight | 608 | 617 |
| Other transport | 7,600 | 8,146 |
| Travel | 22,624 | 25,220 |
| Other services | 11,017 | 12,250 |
| a | | | |
| Total imports of services | 41,078 | 44,476 |
| Freight | 7,776 | 8,044 |
| Other transport | 6,732 | 7,511 |
| Travel | 15,090 | 15,947 |
| Other services | 11,480 | 12,974 |
BALANCE OF PAYMENTS
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| | 2005-06 | 2006-07 |
| | $m | $m |
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| Goods and services deficit | 14,520 | 12,033 |
| Income deficit | 38,887 | 46,712 |
| Current account deficit | 53,884 | 59,189 |
INTERNATIONAL INVESTMENT POSITION
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| 2006 | 2007 |
| $m | $m |
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| Foreign investment in Australia | 1,320,776 | 1,565,715 |
| Australian investment abroad | 768,206 | 923,276 |
| Net foreign debt at 30 June | 500,779 | 544,075 |
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| 2005-06 | 2006-07 |
| % | % |
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| Net foreign equity to GDP | 5.4 | 9.6 |
| Net foreign debt liability to GDP | 51.8 | 53.1 |
FINANCE
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| 2005-06 |
| All Australian Governments, general government | $m |
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| Revenue | 363,701 |
| Expenses | 334,560 |
| Tax levied on income of individuals/enterprises | 176,194 |
| Tax levied on provision of goods and services | 75,994 |
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| | 2007 |
| Financial institutions, financial assets 30 June | $m |
|
| Banks | 1,653,523 |
| Life insurance corporations | 254,290 |
| Pension funds | 1,072,545 |
| Other insurance corporations | 129,527 |
| Central borrowing authorities | 127,472 |
| Financial intermediaries n.e.c. | 627,925 |
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| | 2006-07 |
| Financial institutions, lending commitments | $m |
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| Housing finance | 173,749 |
| Personal finance | 80,061 |
| Commercial finance | 453,780 |
| Lease finance | 6,325 |
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