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




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 Wholesale and retail trade accounts for about one eighth of Territory economic activity (see Table 13.1) while employing approximately 16.9% of employed persons. Retail Turnover After exceptional growth in 1995, growth in retail turnover in the Territory in the twelve months to January 1997 has been weaker, increasing by 2.4% (to $1.4 billion). All categories recorded weak or negative growth, with Food (up 5.7%) being the largest contributor to growth, while the largest declines in retail turnover were reported in Clothing and Soft Goods (down 13.1%) and Household and Recreational Goods (down 7.8%). Nationally, 0 200 400 600 800 1 000 1 200 1 400 1 600 89-90 90-91 91-92 92-93 93-94 94-95 95-96 96-97* Household and recreational goods Department stores and other retail Hospitality and services Clothing and soft goods Food $ million Source: ABS Cat. No. 8501.0 * NT Treasury estimate Retail TurnoverFigure 13.1 Table 13.1 Wholesale and Retail Trade % of GSP Queensland 15.0 Tasmania 14.6 New South Wales 14.3 Victoria 13.8 South Australia 13.5 Western Australia 13.3 Northern Territory 12.5 Australian Capital Territory 9.3 Australia 14.0 Source: ABS Cat. No. 5220.0, 1994-95 75

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