Australia Yearbook - 2001

Chapter 29—National accounts 973
29.1 GDP AND GROSS FIXED CAPITAL FORMATION, At Current Prices—1900–01 to 1998–99 —
continued
Gross domestic product ($m)
Gross fixed capital formation ($m)
Year (a) (b) (c) (d) (e) (b) (c) (d)
1983–84 202 593 48 220
1984–85 224 858 55 317
1985–86 248 468 63 738
1986–87 272 546 69 110
1987–88 310 868 79 055
1988–89 351 933 92 915
1989–90 384 710 97 917
1990–91 397 180 88 992
1991–92 406 427 84 846
1992–93 427 404 92 043
1993–94 449 785 98 941
1994–95 474 546 110 652
1995–96 508 113 113 658
1996–97 533 632 121 170
1997–98 565 881 133 215
1998–99 593 311 141 126
(a) Barnard and Butlin, “Australian Public and Private Capital Formation, 1901–1975", Economic Record 57, pp. 354–367.
(b) Published by Commonwealth Statistician. Figures are from National Income and Expenditure 1955–56, and are not strictly
comparable with subsequent years because of a number of definitional changes and statistical revisions; see pages 18–19 and
117–120 Australian National Accounts: National Income and Expenditure 1948–49 to 1961–62, Commonwealth Bureau of
Census and Statistics. (c) Australian National Accounts: National Income, Expenditure and Product, 1995–96, Australian Bureau
of Statistics. (d) Australian System of National Accounts, 1998–99, Australian Bureau of Statistics. (e) Barnard and Butlin,
op.cit. For a variety of reasons, Professor Butlin’s gross domestic capital formation figures differ conceptually from those for gross
fixed capital formation in the Australian national accounts.
Source: See footnotes.
Endnotes
1 Clark, Colin & Crawford J.G. 1938, The
National Income of Australia, Angus and
Robertson, Sydney; Commonwealth Bureau of
Census and Statistics 1938, The Australian
Balance of Payments, 1928–29 to 1937–38,
AGPS, Canberra; the earlier unofficial estimates
are discussed in N.G. Butlin 1962, Australian
Domestic Product, Investment and Foreign
Borrowing, 1861 to 1938–39, Cambridge, Ch. 2.
2 Commonwealth Bureau of Census and
Statistics 1960, Quarterly Estimates of National
Income and Expenditure, CBCS, Canberra.
3 Commonwealth Bureau of Census and
Statistics 1963, Australian National Accounts:
National Income and Expenditure, 1948–49 to
1961–62, CBCS, Canberra.
4 Commonwealth Bureau of Census and
Statistics 1964, Australian Input-Output Tables,
1958–59, CBCS, Canberra.
5 Commonwealth Bureau of Census and
Statistics 1969, Estimates of Gross Product by
Industry at Current and Constant Prices,
1959–60 to 1965–66, CBCS, Canberra.
6 Commonwealth Bureau of Census and
Statistics 1973, Australian National Accounts:
Input-Output Tables, 1962–63, CBCS, Canberra.
7 Bailey, Cherylee 1981, Studies in National
Accounting: Current-cost and Constant-cost
Depreciation and Net Capital Stock, ABS,
Canberra.
8 Johnson A.G. 1982, The Accuracy and
Reliability of the Quarterly Australian National
Accounts, ABS, Canberra.
9 Burrell S., Daniel J., Johnson A. and Walters R.
1984, State Accounts, Australia: Issues and
Experimental Estimates, ABS, Canberra.
10 Australian Bureau of Statistics 1987,
Australian National Accounts: State Accounts,
1985–86, ABS, Canberra.
11 Dippelsman R.J. 1985, The Effects of Rebasing
the Constant Price Estimates of the Australian
National Accounts, ABS, Canberra.