Budget Paper No.6 1997/98 Northern Territory Economy
Tabled Paper 3223
Tabled Papers for 7th Assembly 1994 - 1997; Tabled papers; ParliamentNT
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Housing and Construction The housing and construction industry is a major contributor to economic growth in the Northern Territory. The industry contributes over 9% to Territory GSP, which is higher than in any other State or Territory, (see Table 11.1) and employs approximately 6.5% of all employed persons. The overall industry comprises residential and non-residential building activity, as well as engineering construction, which includes the construction of bridges, ports and roads. The relatively high contribution the construction industry makes to Territory GSP is consistent with high rates of population expansion and economic growth. This positive relationship has been observed across all jurisdictions at similar stages of development. 0 100 200 300 400 500 600 700 800 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97* Residential-Private Residential-Public Non-Residential-Private Non-Residential-Public Engineering-Private Engineering-Public Source: ABS Cat. No. 8762.0, 8752.7 $ million * NT Treasury estimate Value of Construction Work DoneFigure 11.1 Table 11.1 Construction % of GSP Northern Territory 9.1 Western Australia 8.0 Queensland 7.6 Australian Capital Territory 7.2 New South Wales 6.9 Tasmania 6.8 South Australia 6.2 Victoria 5.8 Australia 6.8 Source: ABS Cat. No. 5220.0, 1994-95 65
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