GROSS VALUE ADDED
Table 1.2 illustrates the growth of Australian industries over time using chain volume measures of their gross value added. Chain volume measures provide estimates free of the direct effects of price change.
Of the seventeen industries shown in table 1.2, Mining ranked fifteenth in its average annual growth rate over the past 10 years and equal fourth over the past 25 years, with increases of 1.7% and 4.1% respectively. By comparison, the highest growth rates were recorded by Communication services, with annualised rates of 6.4% and 7.6% for the 10 year and 25 year periods. In 2005-06, Mining recorded a 2.0% decline in gross value added in chain volume terms. The strongest growth in 2005-06, of 9.6%, was experienced by the Construction industry.