1307.8 - Australian Capital Territory in Focus, 2007  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 29/11/2007  Ceased
   Page tools: RSS Feed RSS Bookmark and Share Search this Product  
Contents >> Economy >> State Final Demand

STATE FINAL DEMAND

State final demand (SFD) for the individual states and territories is conceptually equivalent to domestic final demand for Australia as a whole. It represents the sum of household and general government final consumption expenditure and private and public gross fixed capital formation.


In chain volume terms, SFD for the ACT was $31b in 2005-06, an increase of 5% over 2004-05. This compares with a 4% increase in domestic final demand for Australia.


In current price terms, SFD for the ACT was nearly $32b in 2005-06, an increase of 8% over 2004-05. Domestic final demand for Australia increased by 7% over the same period.

4.5 State final demand, ACT and Australia

ACT
Australia
Current prices
Chain volume measures
Current prices
Chain volume measures
$m
% change
$m
% change
$m
% change
$m
% change

2000-01
20 938
6.7
23 709
1.9
686 558
4.6
747 329
0.1
2001-02
22 628
8.1
24 958
5.3
734 712
7.0
780 448
4.4
2002-03
25 468
12.6
27 120
8.7
796 200
8.4
826 448
5.9
2003-04
27 344
7.4
28 259
4.2
855 682
7.4
874 205
5.8
2004-05
29 539
8.0
29 539
4.5
914 690
6.9
914 692
4.6
2005-06
31 803
7.7
31 001
4.9
979 574
7.1
952 796
4.2

Australian National Accounts: State Accounts, 2005-06 (cat. no. 5220.0).


By splitting final demand into components, the structural differences between the ACT and Australia can be highlighted. In current prices, general government final consumption expenditure (GFCE) represented 52% ($16b) of total final demand in the ACT in 2005-06, versus 18% nationally.


In contrast, household final consumption expenditure (HFCE) represented 34% ($11b) of total final demand in the ACT, versus 56% nationally.


There was also a significant difference in expenditure on private gross fixed capital formation. It was proportionately lower in the ACT than for Australia as a whole in 2005-06, accounting for 10% of SFD, versus 22% nationally.

4.6 Final Demand, ACT and Australia: Current prices - 2005-06

ACT
Australia
$m
%
$m
%

Final consumption expenditure
General government
16 423
51.6
176 240
18.0
Household
10 645
33.5
547 138
55.9
Gross fixed capital formation
Private
Dwellings
870
2.7
60 290
6.2
Non-dwelling construction
976
3.1
55 191
5.6
Machinery and equipment
839
2.6
72 130
7.4
Livestock
-
-
2 733
0.3
Intangible fixed assets
255
0.8
12 012
1.2
Ownership transfer costs
257
0.8
15 904
1.6
Total private
3 197
10.1
218 261
22.3
Public
1 539
4.8
37 935
3.9
State final demand
31 803
100.0
979 574
100.0

- nil or rounded to zero (including null cells)
Australian National Accounts: State Accounts, 2005-06 (cat. no. 5220.0).


In chain volume terms, HFCE accounted for 39% of total final consumption expenditure in the ACT in 2005-06, with general government accounting for 61%. These proportions have remained relatively constant over time.

4.7 Final consumption expenditure, ACT: Chain volume measures
Graph: 4.7 Final consumption expenditure, ACT: Chain volume measures



In 2005-06 those components of HFCE which took up the largest proportions of total expenditure were consistent between ACT households and households across Australia as a whole: Rent and other dwelling services was the single largest expenditure item (18% for the ACT versus 17% nationally), followed by Miscellaneous goods and services (15% and 13%), then Recreation and culture (13% and 12%).


Expenditure on Electricity, gas and other fuels took up the lowest proportion of HFCE in 2005-06, for the ACT and for Australia as a whole. In the ACT it accounted for approximately 3% of the total, while at the national level it accounted for approximately 2% of the total.

4.8 Household final consumption expenditure: Current prices - 2005-06

ACT
Australia
$m
%
$m
%

Food
1 152
10.8
59 854
10.9
Alcoholic beverages and tobacco
429
4.0
21 583
3.9
Clothing and footwear
430
4.0
20 101
3.7
Rent and other dwelling services
1 926
18.1
95 236
17.4
Electricity, gas and other fuels
288
2.7
11 225
2.1
Furnishings and other household equipment
694
6.5
30 300
5.5
Health
389
3.7
27 775
5.1
Transport
1 089
10.2
65 143
11.9
Communications
295
2.8
15 691
2.9
Recreation and culture
1 382
13.0
66 585
12.2
Education services
333
3.1
18 617
3.4
Hotels, cafes and restaurants
717
6.7
41 735
7.6
Miscellaneous goods and services
1 629
15.3
73 293
13.4
Net expenditure interstate
-107
-1.0
. .
. .
Total(a)
10 645
100.0
547 138
100.0

. . not applicable
(a) Total for Australia includes net expenditure overseas.
Australian National Accounts: State Accounts, 2005-06 (cat. no. 5220.0).


The ACT's expenditure on private fixed capital formation, in chain volume terms, was $3.1b in 2005-06, up 15% on the $2.7b spent in 2004-05.


Expenditure on public fixed capital formation, in chain volume terms, was $1.5b, up nearly $100m (7%) on 2004-05.

4.9 Gross fixed capital formation, ACT: Chain volume measures
Graph: 4.9 Gross fixed capital formation, ACT: Chain volume measures


Previous PageNext Page