Territory Stories

Budget 2013/14 Northern Territory Economy

Details:

Title

Budget 2013/14 Northern Territory Economy

Other title

Tabled paper 295

Collection

Tabled papers for 12th Assembly 2012 - 2016; Tabled papers; ParliamentNT

Date

2013-05-14

Description

Tabled by David Tollner

Notes

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.

Language

English

Subject

Tabled papers

Publisher name

Department of the Treasury and Finance

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00866

Parent handle

https://hdl.handle.net/10070/273751

Citation address

https://hdl.handle.net/10070/426369

Page content

176 Transport and Communication 2013-14 Budget Background Transport and communication links are vital to economic and social development, especially in jurisdictions such as the Territory that have relatively small and widely dispersed populations that rely on these links to enable the provision of goods and services. The Australian Bureau of Statistics (ABS) defines the transport industry as including transport, postal and warehousing services that mainly provide transportation of passengers or freight by rail, road, water or air. Transport services are essential inputs to industries, such as tourism, mining, education and health, that contribute to the Territorys economic growth. The ABS defines the communication industry as services that create, enhance, store, transmit or provide information. In 2011-12, transport and communication services accounted for 5.4percent of Territory gross state product (GSP), with transport services accounting for 4.1percentage points or $771 million, and communication services accounting for 1.2percentage points or $226 million. Nationally, transport services accounted for 4.7percent or $69.7 billion of grossdomestic product (GDP) and the communication sector accounted for 2.8 per cent or $41.7 billion (Table 14.1). Transport Communication %1 $p.c. Average Annual Growth (%)2 %1 $p.c. Average Annual Growth (%)2 New South Wales 4.7 2938 5.4 4.0 2512 5.0 Victoria 4.6 2676 6.7 3.3 1946 4.2 Queensland 5.5 3401 6.8 1.9 1200 3.8 Western Australia 4.5 4377 10.2 1.3 1246 4.0 South Australia 4.6 2560 4.8 2.7 1512 3.7 Tasmania 5.8 2736 7.1 2.4 1150 1.8 Australian Capital Territory 2.3 1948 3.7 2.2 1866 4.7 Northern Territory 4.1 3283 5.2 1.2 962 0.3 Australia 4.7 3075 6.5 2.8 1842 4.4 $p.c.: dollars per capita 1 Percent share of GSP 2 Average annual growth: 1999-00 to 2011-12 Source: ABS Cat. No. 5220.0 Transport In GSP terms, the value of the Territorys transport sector increased by 15.4per cent in 2011-12, primarily associated with an increase in construction-related imports and a rise in passenger travel from Darwin to international destinations. The transport sector in the Territory is estimated to continue growing in 2012-13 as a result of a rise in imports of machinery and equipment and use of road transport associated with the construction of the Ichthys liquefied natural gas (LNG) plant at Blaydin Point, and use of rail and sea freight linked to increased production from mining and energy projects (see Chapter 10: Mining and Manufacturing). Table 14.1: Transport and Communication as a Proportion of GSP, 2011-12


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