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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




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Final Consumption Expenditure Private final consumption expenditure measures current expenditure by both households and producers of private non-profit services to households (such as charities, clubs and private schools). It includes expenditure on consumer durables such as cars, furniture and appliances; expenditure on consumer semi-durables such as clothing and utensils; expenditure on single-use goods such as food, cigarettes and alcoholic drinks; and expenditure on services such as medical care, recreation, public transport and education. With the inclusion of public consumption expenditure, total final consumption expenditure provides a broad measure of goods and services sold and is hence an indicator of government and consumer demand. In 1996-97, total final consumption expenditure in the Territory is estimated to account for approximately 85% of the Territorys GSP; this is higher than the national economy where total final consumption expenditure contributes about 76% of GDP. In the Territory, public final consumption represents approximately 30% of GSP compared to 17% for the national economy. For 1996-97, real final consumption expenditure in the Territory is estimated to increase at a faster rate than nationally. As in the previous year, growth in final consumption expenditure in the 89-90 90-91 91-92 92-93 93-94 94-95 95-96 96-97* 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* Ho useh old an dre cr ea tio na lgoo ds De pa rt me ntsto re san dot he r re ta il Ho spit alit y an dser vic es Clot hin gan dsof t goo ds Foo d $ million Sourc e: ABSCat . No . 85 01 .0 * NT T re asur y est ima te Wholesale andRetail Trade Fig ur e13 .1 Private Final Consumption Expenditure 0 5 10 15 20 25 Food All Other Goods and Services Travel and Communication Dwelling Rent Clothing and Household Durables Tobacco and Alcohol Health Services Gas, Electricity and Fuel Northern Territory Australia % of Private Final Consumption Expenditure Source: ABS Cat. No. 5220.0, 1994-95 Figure 13.3 Wholesale and Retail Trade 77