Australia Yearbook - 2001

Chapter 29—National accounts 987
29.19 NET LENDING TO NON-RESIDENTS, Share of GDP
%
2
0
–2
–4
–6
1965–66 1969–70 1974–75 1979–80 1983–84 1988–89 1993–94 1998–99
Source: Australian System of National Accounts (5204.0).
Imports, share of GDP
Exports, share of GDP
29.20 EXPORTS AND IMPORTS, Share of GDP
%
22
20
18
16
14
12
10
1965–66 1969–70 1974–75 1979–80 1983–84 1988–89 1993–94 1998–99
Source: Australian System of National Accounts (5204.0).
State accounts
As well as Australia’s national accounts, the ABS
produces annual accounts for each of Australia’s
States and Territories each year. These provide
estimates of gross State product (GSP) and State
final demand. GSP is produced by summing the
incomes generated in the production process
(the income approach to measuring total
production). State final demand is equal to the
sum of government and household final
consumption expenditure and government and
private gross fixed capital formation. Estimates of
State final demand and GSP are available in both
current price and chain volume terms. The chain
volume GSP estimates are experimental.
An important use of State accounts is to compare
the performance of each State and Territory.
Graph 29.21 shows the ratio of GSP, in current
prices, per head of mean population for each
State and Territory to the Australian value (GDP
per head of mean population) since 1989–90.
For New South Wales, Victoria, Western Australia,
the Northern Territory and the Australian Capital
Territory, GSP per head of mean population in
1998–99 was above the national average. For
Queensland, South Australia and Tasmania, GSP
per head of mean population has been below the
national average for the whole length of the time
series (i.e. since 1989–90).