ADDITIONAL NATIONAL ACCOUNTS MEASURES
In addition to the core set of Australian national accounts statistics, the ABS compiles and publishes more detailed and specialised products which enable a better understanding of particular economic entities or processes. This section briefly outlines the following: Financial accounts; Input-Output tables; satellite accounts; and productivity measures.
FINANCIAL ACCOUNTS
The ABS produces quarterly and annual information on the levels of financial assets and liabilities of each institutional sector of the economy, the market for financial instruments, and inter-sectoral transactions in financial assets and liabilities classified by financial instrument. The financial accounts provide an insight into the borrowing and lending activities of each sector within the economy. The financial accounts also provide information on the composition of financial instruments issued by the various sectors during a particular period. National and sectoral financial accounts, which show major financial aggregates, are published annually in Australian System of National Accounts (5204.0). For more information see the Financial system chapter and Australian National Accounts: Financial Accounts (5232.0).
INPUT-OUTPUT TABLES
Input-Output tables show the structure of a country's entire production system for a particular period, usually one year. They show which goods and services are produced by each industry and how they are used (e.g. some goods, such as cars, are sold to final consumers while others, such as steel, are used as inputs by other industries in producing more goods and services). The tables are based on the principle that the value of the output of each industry can be expressed as the sum of the values of all the inputs to that industry. These inputs include the use of the outputs of other industries; any profits made from production; compensation of employees; and any taxes on production paid less any subsidies received.
The tables presented are the core transaction tables of the suite of Input-Output tables compiled by ABS. The most recent set of Input-output tables are for 2001-02. This is the first set of Input-Output tables that reflect the structure of the Australian economy following the changes to the indirect tax system, including the introduction of the goods and services tax on 1 July 2000. For more information see Australian National Accounts: Input-Output tables - Electronic Publication (5209.0.55.001).
SATELLITE ACCOUNTS
The concept of a satellite account was introduced in the System of National Accounts 1993 to expand the core national accounts for selected areas of interest, while using relevant concepts and structures from the core national accounts. Satellite accounts allow the development of an integrated set of statistics about a particular sector which crosses a number of industries or sectors.
Tourism satellite account
The Tourism Satellite Account (TSA) measures the contribution of tourism to the Australian economy. The emphasis in the TSA is on the measurement of tourism consumption and the size of the tourism industry, including its contribution to GDP. Within the TSA, a number of key economic measures associated with tourism are able to be identified. These include: tourism gross value added; tourism GDP; the tourism share of the value-added of major tourism-related industries (such as accommodation, restaurants and cafes, air and water transportation); total household and business tourism consumption by type of products; consumption by overseas visitors; and employment generated by tourism. Together, these data form an integrated set of statistics on tourism products within the framework of the international standards. For more information refer to the Tourism chapter and Tourism Satellite Account (5249.0).
ICT satellite account
The Information and Communication Technology (ICT) Satellite Account measures the contribution of ICT to the Australian economy in 2002-03, in particular, the contribution of ICT to key macro-economic variables such as GDP. It provides details on Australian production of various ICT products, as well as related imports, exports, household consumption, business spending and investment. Together, these data form an integrated set of statistics on ICT products within the framework of the international standards. For more information refer to Information and Communication Technology Satellite Account (5259.0).
NPIs satellite account
Non-profit institutions (NPIs) play an important role in the provision of welfare, social and other services in Australia. The NPIs Satellite Account for Australia provides information on the economic impact of NPIs for 1999-2000. This publication represents the first ABS estimates of the direct contribution that NPIs make to the Australian economy and, in particular, the contribution of NPIs to key macro-economic variables such as GDP. As this satellite account is an integrated set of statistics on NPIs within the internationally recognised System of National Accounts 1993, it provides a valuable policy and research tool with a wide range of applications. For more information refer to Australian National Accounts: Non-Profit Institutions Satellite Account (5256.0).
PRODUCTIVITY ESTIMATES
Measures of productivity growth are important in understanding long-term improvements in Australia's living standards and changes in Australia's international competitiveness. At the most basic level, productivity growth occurs when the volume of output rises faster than the volume of inputs. A limited selection of productivity estimates are published as part of Australian National Accounts: National Income, Expenditure and Product (5206.0) with a more detailed range of statistics and analysis of productivity estimates published in Australian System of National Accounts (5204.0).
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