Territory Stories

Budget 2013/14 Northern Territory Economy



Budget 2013/14 Northern Territory Economy

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Tabled paper 295


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




Tabled by David Tollner


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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Department of the Treasury and Finance

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Retail and Wholesale Trade 81 Northern Territory Economy Source: ABS Cat. No. 5220.0 Chart 7.1 also shows that, in 201112, the contribution of retail and wholesale trade to the economies of Western Australia, the Australian Capital Territory and the Northern Territory was lower than the national average, which may reflect the overall strength of the economies of these states due to the larger contribution to GSP of other sectors such as mining and construction. Further, due to their relative isolation from major production centres, consumers in Western Australia and the Territory have a higher propensity to purchase goods from interstate retailers; while consumers in the AustralianCapital Territory are more likely to purchase goods from NewSouth Wales where there are more retail options due to their proximity to that state. Retail and wholesale trade were significant contributors to resident employment in the Territory in 201112, with around 11100 people employed in retail trade and about 2900 employed in wholesale trade, accounting for 9.1percent and 2.4percent of Territory resident employment, respectively (Table 7.1). Retail Trade Wholesale Trade (000) %1 (000) %1 New South Wales 382.5 10.7 134.2 3.7 Victoria 305.8 10.7 119.8 4.2 Queensland 249.7 10.7 73.4 3.2 Western Australia 129.4 10.2 42.1 3.3 South Australia 93.8 11.5 29.6 3.6 Tasmania 26.5 11.3 7.1 3.0 Australian Capital Territory 14.8 7.2 2.7 1.3 Northern Territory 11.1 9.1 2.9 2.4 Australia 1 213.5 10.6 411.7 3.6 1 Percentage of national/state/territory resident employment Source: ABS Cat. No. 6291.0.55.003 0 2 4 6 8 10 12 NSW Vic Qld WA SA Tas ACT NT Aust Retail Wholesale % Chart 7.1: Contribution of Retail and Wholesale Trade to GSP/GDP, 201112 Table 7.1: Contribution of Retail and Wholesale Trade to Resident Employment, 201112

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