Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy

Details:

Title

Budget Paper 1994-95 No.6 Northern Territory Economy

Other title

Tabled Paper 2156

Collection

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

Date

1994-05-12

Description

Tabled by Barry Coulter

Notes

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.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2021C00044

Parent handle

https://hdl.handle.net/10070/292876

Citation address

https://hdl.handle.net/10070/398240

Page content

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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