Territory Stories

Territory economic review

Details:

Title

Territory economic review

Other title

Economic Group

Creator

Northern Territory. Department of Treasury and Finance

Collection

Territory economic review; Department of Treasury and Finance newsletters; PublicationNT; E-Journals

Date

2014-12-01

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).; This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Northern Territory -- Economic conditions -- Periodicals

Publisher name

Northern Territory Government

Place of publication

Darwin

File type

application/pdf

Copyright owner

Northern Territorty Government

Parent handle

https://hdl.handle.net/10070/254030

Citation address

https://hdl.handle.net/10070/534437

Related items

https://hdl.handle.net/10070/534440; https://hdl.handle.net/10070/534442; https://hdl.handle.net/10070/534443; https://hdl.handle.net/10070/534445; https://hdl.handle.net/10070/534438

Page content

Territory Economic Review 3 Population 243 668 people residing in the Territory Net overseas migration of 3315 people to the Territory in the year to March 2014 Growth in overseas migration more than off-set losses through interstate migration The Territorys estimated resident population (ERP) increased by 0.2 per cent in the March quarter 2014 to 243 668 people (Table 2) and by 1.4 per cent annually. Components of growth In the year to March 2014, the Territorys population increased by 3401 people due to: net overseas migration, which added 3315 people; natural increase, which added 2880; and net interstate migration, which reduced the population by 2794 people. Chart 1: Components of Territory population growth, moving annual total Source: ABS, Aus. Demographic Statistics, Cat. No. 3101.0 Net overseas migration In the March quarter 2014, net overseas migration contributed 824 people to the Territorys population and added 3315 people to the Territorys population in the year to March quarter 2014 (Chart 1). Net interstate migration Net interstate migration in the Territory is highly volatile. In the March quarter 2014, the Territory recorded a net interstate migration loss of 1059, below the 10 year average of -138. In the year to March 2014, net interstate migration detracted 2794 persons from the Territorys population, compared to the 10 year average of -482 per year. Population measurement The ABS model for estimating interstate migration flows is largely based on Medicare change of address information. Due to the age profile of the Territorys interstate migrants, there is generally a lag in recording population movements into the Territory, but a timely recording of people leaving the Territory. People arriving in the Territory tend to be relatively young, transient and highly mobile and these characteristics mean that they are less likely to update their Medicare records. Conversely, the age profile of those leaving the Territory tends to be older and they are more likely to update their Medicare records in a timely manner. Historical revisions to ERPs In the December quarter 2012, the ABS released final ERP estimates based on the 2011 Census. Usual practice with final ERPs from a census is for the ABS to revise ERPs in the five year intercensal period. However, due to an unusually high intercensal error for Australia as a whole from the 2011 Census, the ABS has recast final ERPs over a 20 year period back to the September quarter 1991. The ABS advises that the recast provides better estimates of the Territorys population and growth rates over the 20 year period. For much of the period, the revised estimates of population growth are similar except between September 2001 and September 2007, where growth rates are now much lower than previously estimated for the Territory. Table 2: Estimated resident population, as at March 2014 NSW Vic Qld WA SA Tas ACT NT Aust1 ERP (000) 7 500.6 5 821.3 4 708.5 2 565.6 1 682.6 514.7 385.6 243.7 23 425.7 Annual growth 1.6% 1.9% 1.6% 2.5% 0.9% 0.3% 1.4% 1.4% 1.7% (1) Includes Other Territories Jervis Bay Territory, Christmas Island and the Cocos (Keeling) Islands. Source: ABS, Australian Demographic Statistics, Cat. No. 3101.0 - 3 - 2 - 1 0 1 2 3 4 5 04 05 06 07 08 09 10 11 12 13 14 Number (persons) (000s) Natural Increase Net Overseas Migration Net Interstate Migration Year ended June


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