Territory Stories

Budget Paper No5 Northern Territory Economy 1998/99



Budget Paper No5 Northern Territory Economy 1998/99

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Tabled Paper 382


Tabled papers for 8th Assembly 1997 - 2001; Tabled papers; ParliamentNT




Tabled by Michael Reed


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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WHOLESALE AND RETAIL TRADE In 1997-98 wholesale and retail trade accounted for 13.0% of Territory economic activity (see Table 13.1), while employing some 19.3% of employed persons. RETAIL TURNOVER After exceptional growth in 1996, growth in retail turnover in the Territory in the twelve months to February 1998 has been significantly weaker, decreasing by 1.2% to $1.4 billion. The largest declines in retail turnover were in Clothing and Soft Goods (down 14.6%) and Food (down 6.4%). Slightly offsetting these, were increases in Household and Recreational Goods (up 13.8%), Department Stores and Other retailing (up 8.3%) and Hospitality and Services (5.3%). Nationally, retail turnover was stronger compared with one year earlier, increasing by 3.8% to $132.9 billion in the year to February 1998. Categories contributing most to national growth were Other retailing (up 9.0%) and Recreational Goods (up 5.6%). 73 Chapter 13 0 200 400 600 800 1 000 1 200 1 400 1 600 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98e Household and recreational goods Department stores and other retail Hospitality and services Clothing and soft goods Food $ million Figure 13.1 RETAIL TURNOVER Source: ABS Cat. No. 8501.0 e: Treasury estimate % OF GSP Queensland 14.9 New South Wales 14.2 Tasmania 14.1 Victoria 13.8 South Australia 13.2 Northern Territory 13.0 Western Australia 12.7 Australian Capital Territory 8.6 Australia 13.8 Table 13.1 WHOLESALE AND RETAIL TRADE Source: ABS Cat. No. 5220.0, 1995-96

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