Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy



Budget Paper 1994-95 No.6 Northern Territory Economy

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Tabled Paper 2156


Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT




Tabled by Barry Coulter


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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Mining The T e rrito ry m in in g se c to r m akes a s ig n ifican t con tribu tion to the T errito ry economy in the form o f significant export earnings, capital investment and employment as well as stimulating regional development, particularly in remote areas. The mining industry in the Territory contributes more than any other industry to Territory Gross State Product (GSP). The latest available GSP data show the mining sector accounted for 20.8% o f GSP, compared to 4.9% in the national economy. The mining sector employs 3% of Territory wage and salary earners. Figure 8.1 shows the value o f production and processing o f mineral and energy resources in the Territory is expected to increase 8.8% in 1993/94 to $ 1.66 billion followed by an increase Table 8.1 Mining % of GDP Northern Territory 20.8 Western Australia 16.2 Queensland 6.6 Victoria 3.9 South Australia 2.8 Tasmania 2.1 New South Wales 2.1 Australian Capital Territory 0.1 Australia Source: ABS Cat. No. 5220.0, 1991/92 4.9 Figure 8.1 Northern Territory Mining Sector Production $ million 1988/89 1989/90 1990/91 1991/92 1992/93 1993/94* 1994/95# Source: Dept, o f M ines and Energy * NT Treasury estimate, # forecast 4 1

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