MAIN FEATURES INCOME AT CURRENT PRICES
| | | Trend | | Seasonally adjusted |
| | |
| |
|
| | | % Change | % Change | % points contribution to | | % Change | % Change | % points contribution to |
| | | Dec 17 to | Mar 17 to | growth in GDP | | Dec 17 to | Mar 17 to | growth in GDP |
| | | Mar 18 | Mar 18 | Dec 17 to Mar 18 | | Mar 18 | Mar 18 | Dec 17 to Mar 18 |
|
Compensation of employees | 1.2 | 5.1 | 0.6 | | 1.2 | 5.1 | 0.6 |
Gross operating surplus | | | | | | | |
| Private non-financial corporations | 3.0 | 5.5 | 0.5 | | 6.0 | 4.9 | 1.0 |
| Other(a) | 1.1 | 4.2 | 0.2 | | 1.8 | 4.6 | 0.3 |
Gross mixed income | 0.6 | -3.1 | - | | 0.6 | -4.5 | - |
Taxes less subsidies on production and imports | 1.3 | 5.3 | 0.1 | | 3.4 | 7.0 | 0.3 |
Statistical discrepancy (I) | na | na | -0.1 | | na | na | -0.1 |
Gross domestic product | 1.4 | 3.9 | 1.4 | | 2.2 | 3.9 | 2.2 |
|
- 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. |
MARCH QUARTER
Summary Comments
Compensation of employees (COE)
- Seasonally adjusted COE increased 1.2%. Average compensation per employee increased 0.5%.
- The increase in COE was driven by Health Care and Social Assistance, Administrative and Support Services, Public Administration and Safety, and Education and Training. These rises were partially offset by a fall in Accommodation and Food Services and Professional Scientific and Technical Services.
- Private sector COE increased 1.2%.
- Public sector COE increased 1.4%.
Gross operating surplus (GOS)
- Total GOS increased 4.0% for March quarter 2018, with increases across all sectors. Private non-financial corporations was the main contributor increasing 6.0%. Through the year, total GOS has increased 4.8%, driven by Mining GOS, which increased 6.1%. This was due to both higher production and continuing strength in commodity prices. In the March quarter, financial corporations’ GOS increased 2.2%.
State Compensation of employees
- All states recorded growth in COE this quarter except for the Australian Capital Territory and Northern Territory. Victoria and New South Wales contributed most to this quarter's growth, increasing 1.9% and 1.1% respectively.
- Through the year COE increased for all jurisdictions with Tasmania and Victoria recording the strongest growth.
STATE COMPENSATION OF EMPLOYEES, Current Prices
: Seasonally Adjusted