Territory Stories

Territory economic review

Details:

Title

Territory economic review

Creator

NT Treasury, Economic Analysis Division

Collection

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

Date

2003-03-01

Notes

Date:2003-03; 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/10070/212458

Citation address

https://hdl.handle.net/10070/716367

Page content

MARCH 2003 14 TERRITORY ECONOMIC REVIEW www.nt.gov.au/ntt/economic Indicator Period Measure NT NSW Vic Qld SA WA Tas ACT Aus Economic Growth Gross State/Domestic Product(a) 2001-02 % change 4.8 2.4 4.9 5.4 3.7 5.7 3.3 3.9 3.9 State Final Demand(a) Year to December 02 % change 13.4 5.1 6.3 8.4 7.9 4.7 8.8 5.3 6.3 International Goods Exports Year to January 03 % change -18.6 -7.3 -8.8 -5.9 1.4 0.3 7.7 -30.0 -3.0 International Goods Imports Year to January 03 % change 47.2 6.7 11.1 14.1 3.7 10.6 42.9 7100.0 8.8 Demography Population Jun-01 Qtr to Jun-02 Qtr % change 0.0 1.0 1.3 1.9 0.5 1.2 0.2 0.9 1.1 Sep-01 Qtr to Sep-02 Qtr % change Labour Market Employment Year to January 03 % change 3.0 1.6 1.9 3.2 2.5 2.2 -0.2 2.9 2.1 Participation Rate As at January 03 % 71.6 63.0 63.9 65.0 61.0 67.4 58.7 71.6 64.0 As at January 02 % 73.7 62.4 63.6 64.3 60.4 66.3 58.2 70.0 63.4 Unemployment Rate As at January 03 % 7.0 6.3 5.8 7.3 6.6 6.7 9.3 4.9 6.5 As at January 02 % 9.4 6.8 6.8 8.6 7.7 7.8 9.6 5.1 7.4 ANZ Job Ads Year to January 03 % 18.5 0.4 0.0 22.4 11.5 18.0 13.2 8.9 5.6 Prices and Wages Consumer Price Index Dec-01 Qtr to Dec-02 Qtr % change 2.0 2.8 3.1 3.0 3.6 2.9 3.1 3.2 3.0 Average Weekly Earnings As at November 02 $ 907.2 982.7 932.8 864.3 857.2 923.4 851.3 1034.1 931.5 (full-time adult total earnings) Housing Sector Building Approvals (Number) Year to January 03 % change -8.9 15.2 6.3 27.4 20.8 8.0 12.5 30.7 14.5 Housing Finance for Year to January 03 % change -12.5 -2.1 0.2 3.0 3.4 -1.8 6.7 10.1 0.1 Owner Occupation (Number) Housing Affordability Indicator(b) As at September 02 Qtr Level 75.7 32.4 39.8 41.1 46.2 46.2 56.2 63.4 38.3 Consumer Spending Retail Trade (current $) Year to January 03 % change 6.9 6.1 7.3 7.5 10.6 8.1 6.1 5.8 7.2 New Motor Vehicle Sales (No.) Year to January 03 % change 2.4 4.0 3.9 13.7 8.5 5.3 3.8 2.5 6.0 Tourist Accommodation - Year to September 02 % change -4.1 -4.7 -2.3 3.2 4.2 -0.1 1.2 -2.5 -1.3 Takings (current $) * original data unless otherwise stated Source: Australian Bureau of Statistics data, ANZ Bank job advertisement series, AMP Home Loan Affordability Report (a) chain volume measure (b) the higher the number, the more affordable the housing Comparative Economic Indicators* Note: Care should be taken in using monthly estimates for the Territory, in view of the small numbers and the volatile nature of the data. Although all due care has been exercised in the preparation of this material, no responsibility is accepted for any errors or omissions. For queries please contact Northern Territory Treasury, Economic Analysis Division, on (08) 8999 6801.