5217.0 - Australian National Accounts: Supply Use Tables, 2016-17 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/12/2018  First Issue
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12 December 2018
Embargoed: 11:30 am (Canberra time)

Detailed data on the changing structure of the economy

The National Accounts supply and use framework shows the flow of goods and services by industries and consumers for the Australian economy. Today for the first time, the Australian Bureau of Statistics (ABS) has released supply and use data for over 20 years.

Supply and use tables are used to produce a single and coherent estimate of annual GDP by integrating all the components of production, income and expenditure.

Chief Economist of the ABS, Bruce Hockman, said the tables showed the changing trends in the flows in goods and services by industries and consumers over more than two decades.

“For example, two decades ago, the industries with the highest contribution to domestic production were manufacturing (20 per cent), construction (9 per cent) and transport (6 per cent). By 2016-17, the contribution of manufacturing had declined to 11 per cent. The reduced share of manufacturing over this period was offset by growth in the construction, mining and professional, scientific and technical services industries.

“Similarly, two decades ago the intermediate inputs into Australian businesses were made up of 44 per cent goods and 56 per cent services. By comparison, more recently the proportion of services had risen to approximately 68 per cent.

“Detailing 114 products across the 67 industries and available for each of the years from 1994-95 to 2016-17, the supply-use tables provide a detailed view of changes in the structure of the economy over time” Mr Hockman said.

Further details can be found in Australian National Accounts: Supply Use Tables (cat. no. 5217.0). These are available for free download from www.abs.stat.gov.au after 1 pm today.

Media Notes:
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