Budget 2007-2008 Northern Territory Economic Overview
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.
Economy Overview Population The Northern Territory is sparsely settled, with a relatively young and highly urbanised population. A far higher proportion of the Territorys population is Indigenous (29 per cent) than in other jurisdictions. Natural increase (births minus deaths) contributes more to total growth in the Territory than in other jurisdictions, averaging 1.4 percentage points compared to 0.6 percentage points nationally. This is in part due to high rates of Indigenous fertility in the Territory. Interstate migration is the most variable component of population growth. After contributing strongly to population growth in 2005, interstate migration returned to more typical patterns in 2006-07. Population growth in 2006 remains strong at an estimated 1.6 per cent, after stronger than expected growth of 2 per cent in 2005. Population growth of 1.4 per cent per annum is forecast for 2007 and 2008. An accurate estimate of population is of critical importance to the Territory as ABS population estimates are used by the Australian Government to apportion goods and services tax (GST) revenues, a substantial portion of Territory total revenue. -1 0 1 2 3 4 5 6 7 82 84 86 88 90 92 94 96 98 00 02 04 06 08f % Northern Territory Australia Year ended June Annual Population Growth f: forecast Source: Northern Territory Treasury, ABS Cat. No. 3101.0
Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.
We use temporary cookies on this site to provide functionality.
You are welcome to provide further information or feedback about this item by emailing TerritoryStories@nt.gov.au