Territory Stories

Budget Paper No.6 1997/98 Northern Territory Economy



Budget Paper No.6 1997/98 Northern Territory Economy

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Tabled Paper 3223


Tabled Papers for 7th Assembly 1994 - 1997; Tabled papers; ParliamentNT; Tabled Papers




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Population Outlook The Territorys population growth in the short to medium terms will continue to be underpinned by natural increase due to the Territorys relatively young population profile and high proportion of Aboriginals. The ageing of the Territory population is expected to continue. The trend of net interstate migration loss in the Territory has been reversed as the Territory recorded a second year of interstate migration gain in 1996. Ongoing strong economic growth should see continued gain in coming years. The latest series of population projections published by the ABS show that by the year 2006 the population of the Territory will be between 198 200 and 206 300. This indicates an average annual population growth rate of between 1.1% and 1.5% over the next ten years, compared with the national average annual growth rate of between 1.0% to 1.2% over the same period. These projections are considered to be conservative and growth of about 1.7% per annum is more likely. The continued strong performance of the Territory economy will see the Territory continue to grow at a more rapid rate than the national average. Age Distribution of Population 0 2 4 6 8 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85+ 1996 1986 Northern Territory Australia Source: ABS Cat. No. 3201.0 Per cent of Population Figure 1.5 8 610 4 2 0 Population 6