Territory Stories

Territory economic review

Details:

Title

Territory economic review

Creator

NT Treasury, Economic and Social Analysis Unit

Collection

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

Date

2012-05-01

Notes

Date:2012-05; 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/10070/248607

Citation address

https://hdl.handle.net/10070/570483

Page content

Territory Economic Review May 2012 Economic Group Northern Territory Treasury (08) 8999 6801 www.nt.gov.au/ntt/ economicservices.ntt@nt.gov.au - 2 - Year ended June Percentage Change 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 Latest available Year on Year % change* Expenditure on GSP (2006-07 prices) Private Consumption 3.9 4.8 5.1 5.8 6.7 9.6 3.9 1.2 1.8 Dec Q 11 2.0 Public Consumption -29.3 0.3 32.5 1.4 -13.6 18.0 3.7 58.3 5.7 Dec Q 11 -15.3 Total Consumption Expenditure -1.0 4.3 7.9 5.2 4.2 10.5 3.9 7.2 3.4 Dec Q 11 -1.1 Private Investment Dwellings 8.4 -0.2 27.6 17.8 -8.9 -3.0 -6.9 12.3 -8.9 Dec Q 11 -3.3 Other buildings and structures 32.5 8.2 0.0 2.7 -4.8 -28.4 91.0 -58.3 -21.6 Dec Q 11 24.9 Machinery and equipment 15.8 12.1 -8.3 32.7 8.5 83.4 -15.8 -3.3 -31.8 Dec Q 11 -20.9 Livestock -57.3 217.1 -5.4 11.4 -29.9 9.8 10.0 9.1 9.4 Dec Q 11 -11.6 Intangible fixed assets ** -32.5 -11.0 45.5 72.8 -0.5 3.2 -2.8 -14.2 -21.6 Dec Q 11 19.7 Ownership transfer costs 4.1 28.6 7.3 9.6 -2.0 -15.9 -2.4 -4.0 -26.9 Dec Q 11 -9.0 Business Investment # 14.4 10.9 0.7 16.4 -1.9 6.1 29.2 -37.0 -21.2 Dec Q 11 3.6 Total Private Investment 13.5 10.1 3.5 16.3 -2.8 4.0 23.4 -31.0 -20.0 Dec Q 11 1.6 Public Investment -29.3 0.3 32.5 1.4 -13.6 18.0 3.7 58.3 15.6 Dec Q 11 -15.3 Total Investment 3.7 8.6 7.7 13.7 -4.5 6.0 20.2 -18.8 -10.5 Dec Q 11 -4.0 State Final Demand 3.2 5.8 4.8 7.6 2.3 6.5 8.7 -5.3 -0.7 Dec Q 11 0.8 International Trade - export of goods -10.7 -23.6 -5.8 -1.4 39.2 -7.7 19.3 12.6 1.7 Dec Q 11 -7.5 International Trade - import of goods 29.9 4.1 107.4 27.5 -3.8 -20.1 33.2 -25.0 12.0 Dec Q 11 0.7 Total Gross State Product 1.5 2.8 4.4 3.2 5.7 7.0 4.5 1.3 1.6 Contribution to GSP Growth Private Consumption 1.7 2.1 2.3 2.6 3.2 4.8 2.0 0.5 1.0 Public Consumption 0.5 1.6 0.7 1.2 1.8 1.0 1.0 0.7 1.7 Private Investment 3.6 3.0 1.1 5.1 -1.0 1.3 7.3 -11.6 -5.0 Public Investment -2.3 0.0 1.7 0.1 -0.9 0.9 0.2 3.4 1.4 State Final Demand 3.6 6.8 5.8 9.1 3.0 8.2 10.6 -6.9 -1.0 Net International Exports -8.5 -9.2 -14.9 -7.3 9.4 3.2 -2.4 10.0 -2.8 Balancing item 6.3 5.3 13.5 1.4 -6.7 -4.3 -3.7 -1.8 5.3 Gross State Product 1.5 2.8 4.4 3.2 5.7 7.0 4.5 1.3 1.6 * Compares the 4 quarters up to and including the latest quarter with the previous 4 quarter period ** Predominantly computer software and mineral exploration # Private investment less dwellings investment and ownership transfer costs ## Investment for the Laminaria-Corallina oilfields and Bayu-Undan Stage 1 and Stage 2 pipeline Source: NT Treasury, Australian Bureau of Statistics data Year ended June Percentage Change* 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 Latest Year on Year % change* Real Retail Turnover 2.3 6.6 4.2 0.8 8.7 8.4 9.1 2.4 -0.5 Dec Q 11 1.3 New Motor Vehicle Sales 3.3 8.4 10.7 0.0 4.1 8.2 -10.4 5.8 0.4 Mar 12 0.2 Tourist Accommodation Takings -0.1 2.8 13.6 3.4 14.8 10.5 10.9 0.4 5.3 Dec Q 11 -2.5 Number of Dwellings Approved 0.0 23.4 18.4 -1.8 7.4 -19.9 -16.0 35.1 0.1 Feb 12 -22.5 Number of Dwellings Commenced -4.1 6.0 29.1 1.3 -0.2 -20.9 5.2 10.0 -0.3 Dec Q 11 -15.8 Employment 1.5 -2.0 -0.2 3.2 5.0 6.1 4.4 2.5 2.0 Mar 12 -0.1 Unemployment rate 5.5 5.2 5.7 5.5 3.8 4.4 3.6 3.4 3.4 Mar 12 3.7 Darwin Consumer Price Index ## 2.2 2.1 1.6 2.6 4.4 3.4 4.0 2.8 2.7 Mar Q 12 2.5 AWOTE # (year average) 5.1 6.1 7.0 1.9 4.4 5.7 4.1 5.6 7.1 Nov Q 11 7.4 Wage Price index (year average) 2.9 3.5 4.0 1.9 3.7 4.1 4.3 3.4 3.9 Dec Q 11 4.0 Population, December (levels - thousands) ## 199.3 200.6 203.8 208.4 212.3 217.5 222.9 227.7 N/A Sep Q 11 N/A Population Growth Rate 0.5 0.6 1.6 2.3 1.9 2.4 2.5 2.2 N/A Sep Q 11 0.5 Net Interstate Migration (levels - number) ## -2440 -2283 -482 726 -428 885 691 186 N/A Sep Q 11 -2418.0 * Year ended, or year on year ** Quarter on corresponding quarter the previous year, or through the year per cent change # Average Weekly Ordinary Time Earnings ## Denotes calendar year Source: NT Treasury, Australian Bureau of Statistics data Year Ended June 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 Latest Level Interest Rates 90 Day Bank Bill (as at 30 April) 4.67 5.50 5.66 5.97 6.43 7.80 3.20 4.89 4.99 30 Apr 12 4.04 10 Year Govt Bond Yield (as at 30 April) 5.01 5.87 5.11 5.79 6.26 6.45 5.52 5.10 5.21 30 Apr 12 3.67 Exchange Rates US$ per A$ (year average) 0.58 0.71 0.75 0.75 0.79 0.90 0.75 0.88 0.99 30 Apr 12 1.04 US$ per A$ (as at 30 April) 0.67 0.69 0.76 0.74 0.85 0.96 0.81 0.85 1.07 30 Apr 12 1.05 Special Drawing Rights * per A$ (as at 30 April) 0.48 0.47 0.52 0.51 0.56 0.59 0.52 0.58 0.67 30 Apr 12 0.67 Trade Weighted Index of A$ (as at 30 April) 59.40 59.06 64.50 62.24 68.92 73.40 64.65 67.27 77.80 30 Apr 12 77.0 * A measure of the Australian dollar against an IMF determined, weighted basket of currencies consisting of the US dollar, the Euro, the yen and pound sterling Source: NT Treasury, Reserve Bank of Australia data Northern Territory State Final Demand and Gross State Product Latest Northern Territory Economic Indicators Financial Indicators


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