Australia Yearbook - 2001

Chapter 29—National accounts 971
Information Paper: Implementation of
Revised International Standards in the
Australian National Accounts (5251.0),
September 1997.
Information Paper: Introduction of Chain
Volume Measures in the Australian National
Accounts (5248.0), March 1998.
Preliminary data on an SNA93 basis were made
available in re-releases of the following
publications:
Australian National Accounts: National
Income, Expenditure and Product (5206.0),
June quarter 1998, re-released in November
1998 in Information Paper: Upgraded
Australian National Accounts (5253.0).
Australian National Accounts: Financial
Accounts (5232.0), June quarter 1998,
re-released in December 1998 in Information
Paper: Upgraded Australian National
Accounts: Financial Accounts (5254.0).
GDP and gross fixed capital
formation—historical series
Table 29.1 provides time series for gross
domestic product and gross fixed capital
formation from 1900–01. As consistent time
series are not available for the whole period, four
overlapping data sets are shown for each
aggregate. Data for the period 1900–01 to
1938–39 are taken from estimates published by
Barnard and Butlin ; data for 1938–39 to 1948–49
were published in the Budget White Paper
National Income and Expenditure, 1955–56;
data for 1948–49 to 1959–60 were published in
the 1995–96 issue of Australian National
Accounts: National Income, Expenditure and
Product (5204.0), and are on an SNA68 basis;
while the estimates for 1959–60 to 1998–99 were
published in the 1998–99 issue of Australian
System of National Accounts (5204.0). Although
there are conceptual and methodological
differences between the estimates for the various
time periods shown in this table, it provides the
best available time series for GDP for Australia
over the last century.
29.1 GDP AND GROSS FIXED CAPITAL FORMATION, At Current Prices—1900–01 to 1998–99
Gross domestic product ($m)
Gross fixed capital formation ($m)
Year (a) (b) (c) (d) (e) (b) (c) (d)
1900–01 419 55
1901–02 444 78
1902–03 428 68
1903–04 448 52
1904–05 444 47
1905–06 479 53
1906–07 538 72
1907–08 536 76
1908–09 573 75
1909–10 623 81
1910–11 684 98
1911–12 734 124
1912–13 802 147
1913–14 864 155
1914–15 838 140
1915–16 969 160
1916–17 1 022 184
1917–18 1 062 173
1918–19 1 145 185
1919–20 1 253 213
1920–21 1 382 246
1921–22 1 378 260
1922–23 1 510 274
1923–24 1 569 291
1924–25 1 722 302
1925–26 1 659 307
1926–27 1 729 326
For footnotes see end of table.
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