Territory Stories

Budget 2007-2008 Northern Territory Economic Overview



Budget 2007-2008 Northern Territory Economic Overview

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Tabled paper 865


Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT




Tabled By Sydney Stirling


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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Northern Territory 007-08 budget Manufacturing The Territory has a small and narrowly based manufacturing sector, dominated by alumina production at Alcans Gove refinery. In 2005-06, manufacturing accounted for 6 per cent of GSP ($685 million) and about 3 per cent of total employment. Manufacturing production will increase significantly in 2007 with increased alumina production from the expanded Alcan refinery, and a full year of production from both the Wickham Point LNG plant and the new renewable fuels (biodiesel) facility. Further increases are expected over the next two years with the completion of the helium plant at Wickham Point in 2008, and the condensate processing facility at East Arm in late 2009. In the medium to long term, natural gas from the Timor Sea could be used as an input for gas-related manufacturing industries and as a cheaper energy source for mining-related value adding production. 0 10 20 30 40 50 60 70 Food, beverage and tobacco manufacturing Textile, clothing, footwear and leather manufacturing Wood and paper product manufacturing Printing, publishing and recorded media Petroleum, coal, chemical and associated product manufacturing Non-metallic mineral product manufacturing Metal product manufacturing Machinery and equipment manufacturing Other manufacturing % of Manufacturing Employment Sales turnover Value added Territory Manufacturing Subdivisions Selected Indicators, 2004-05 Note: Based on latest available data: 2004-05 for Employment, Value Added and Sales Turnover Source: Northern Territory Treasury, ABS Cat. No. 8221.0

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