5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2018 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 06/03/2019   
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MAIN FEATURES INCOME AT CURRENT PRICES




Trend
Seasonally adjusted
% Change
% Change
% points contribution to
% Change
% Change
% points contribution to
Sep 18 to
Dec 17 to
growth in GDP
Sep 18 to
Dec 17 to
growth in GDP
Dec 18
Dec 18
Sep 18 to Dec 18
Dec 18
Dec 18
Sep 18 to Dec 18
Compensation of employees
1.0
4.3
0.5
0.9
4.3
0.4
Gross operating surplus
Private non-financial corporations
1.8
8.2
0.3
3.8
10.9
0.7
Other(a)
0.9
4.2
0.1
0.8
4.3
0.1
Gross mixed income
-1.1
0.9
-0.1
-1.0
0.3
-0.1
Taxes less subsidies on production and imports
-0.4
1.9
-
-1.3
1.6
-0.1
Statistical discrepancy (I)
na
na
0.2
na
na
0.1
Gross domestic product
1.0
5.1
1.0
1.2
5.5
1.2
- nil or rounded to zero (including null cells)
na not available
(a) Includes Public non-financial corporations Financial corporations General government and Dwellings owned by persons.



DECEMBER QUARTER

Summary Comments

Gross operating surplus (GOS)
  • Total GOS increased in the December quarter 2018, recording growth of 2.4%. GOS increased for all sectors except for public non-financial corporations. Private non-financial corporations was the main contributor to growth, increasing 3.8%. Growth in private non-financial corporations is consistent with terms of trade increasing at 3.1%.
  • Through the year GOS for all industries increased 7.7%. Mining was the main contributor to this growth, driven by higher commodity prices and increase in production volumes.

Compensation of employees (COE)
  • Seasonally adjusted COE increased 0.9% in the December quarter 2018 with average compensation per employee increasing 0.5%.
  • Increase in COE was driven by Health Care and Social Assistance, Finance and Insurance Services and Public Administration and Safety.
  • Private sector COE grew 0.7%, while public sector COE increased 1.7%.
  • All states recorded growth in COE except for Western Australia and the Northern Territory. Victoria (1.4%), Queensland (1.5%) and New South Wales (0.7%) were the main contributors to growth. All states recorded growth in COE through the year with the exception of Northern Territory.


STATE COMPENSATION OF EMPLOYEES, Current Prices: Seasonally Adjusted
Diagram shows STATE COMPENSATION OF EMPLOYEES, Current Prices: Seasonally Adjusted