Australia Yearbook - 2001

980 Year Book Australia 2001
29.8 WAGES SHARE OF TOTAL FACTOR INCOME
%
64
62
60
58
56
54
52
1965–66 1969–70 1974–75 1979–80 1983–84 1988–89 1993–94 1998–99
Source: Australian System of National Accounts (5204.0).
29.9 PROFITS SHARE OF TOTAL FACTOR INCOME
%
24
22
20
18
16
1965–66 1969–70 1974–75 1979–80 1983–84 1988–89 1993–94 1998–99
Source: Australian System of National Accounts (5204.0).
National income account
The national income account shows the sources of
national income and how much of this income is
spent on final consumption. That part of income
which is not spent in this way is saving. Tables
29.10 and 29.11 show the income account for a
number of years between 1965–66 and 1998–99;
table 29.10 shows a series of snapshots at
five-yearly intervals to 1985–86, while table 29.11
shows annual time series from 1990–91 to
1998–99.
Graph 29.12 shows saving by institutional sector
as a proportion of GDP for the years 1965–66 to
1998–99. Household net saving as a percentage of
GDP generally rose between 1965–66 and
1974–75, but has fallen subsequently from its
high of 12.0% in 1974–75 to 1.3% in 1998–99
($7.6b). General government net saving was
negative from 1974–75 to 1996–97 (except for
1988–89 and 1989–90). In 1998–99 it was 1.4% of
GDP ($8.1b). In 1998–99 net saving of
non-financial corporations was 0.5% of GDP
($2.7b). Net saving of financial corporations was
negative from 1981–82 to 1986–87, the only
period for which this sector has recorded
negative net saving. In 1998–99 net saving of
financial corporations was 1.2% of GDP ($7.3b).