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

2001-10-01

Notes

Date:2001-10; 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/10070/212445

Citation address

https://hdl.handle.net/10070/716385

Page content

OCTOBER 2001 2 TERRITORY ECONOMIC REVIEW www.nt.gov.au/ntt/economic Y ear on Y ear Ended June: 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 Latest Y ear ended June E xp enditu re on G SP (1999-00 prices) P rivate Consumption 7 .3 7.8 -2 .3 7 .4 5.2 5 .7 1.6 Jun Q 01 1 .6 P ublic C onsumption 4 .1 10.2 -0 .7 9 .9 6.3 6 .8 4.7 Jun Q 01 4 .7 T ota l C onsu m ption E xpen diture 5 .9 8.9 -1 .6 8 .5 5.7 6 .2 3.0 Jun Q 01 3 .0 P rivate Investm ent* D wellings 12 .6 13.0 -4.3 13 .6 44.9 -26.4 -41 .6 Jun Q 01 -41 .6 O ther bu ild ings & structures -13 .6 39.3 1.9 70 .5 175.8 -65.5 -63 .6 Jun Q 01 -63 .6 M ach inery & equipm ent -24 .9 97.4 -5.0 -22 .1 52.5 -6.5 39.6 Jun Q 01 39 .6 T otal B usiness Investm ent** -19 .7 68.5 -2 .2 17 .5 129.0 -50 .6 -14 .3 Jun Q 01 -14 .3 T otal B usiness Investm ent** less N .E .# -19 .7 68.5 -2 .2 3 .6 -2.0 -4 .2 17.0 Jun Q 01 17 .0 T otal P rivate Investment 2 .1 21.9 -6 .5 19 .4 69.9 -39 .4 -21 .0 Jun Q 01 -21 .0 T otal P rivate Investment less N .E .# 2 .1 21.9 -6 .5 12 .4 5.3 -11 .3 -7.4 Jun Q 01 -7 .4 P ublic Investm ent 39 .8 -11.0 11 .8 10 .6 -46.0 51 .6 -24 .5 Jun Q 01 -24 .5 T ota l Investm ent 9 .4 13.7 -2 .9 17 .4 45.6 -32 .3 -21 .6 Jun Q 01 -21 .6 T ota l Investm en t less N .E .# 9 .4 13.7 -2 .9 12 .0 -6.0 -3 .3 -10 .8 Jun Q 01 -10 .8 Sta te F ina l D em and 7 .1 10.1 -2 .7 10 .9 15.7 -6 .3 -2 .7 Jun Q 01 -2 .7 Sta te F ina l D em and less N .E .# 7 .1 10.1 -2 .7 9 .6 2.6 3 .9 0.1 Jun Q 01 0 .1 International T rade - export of goods -1 .6 6.3 11 .3 -0 .4 -1.6 47 .2 25.9 Jun Q 01 25 .9 International T rade - import o f goods 21 .8 8.7 8 .2 55 .9 -27.8 178 .3 -62 .0 Jun Q 01 -62 .0 T ota l G ross State P roduct 7 .4 6.1 2 .4 4 .6 8.2 0 .0 n .a. Jun Q 01 n.a . C ontribu tion to G row th P rivate Consumption 3 .1 3.3 -1 .0 3 .1 2.1 2 .1 0.7 1 .8 P ublic C onsumption 1 .4 3.4 -0 .2 3 .4 2.1 2 .1 1.7 0 .2 P rivate Investm ent 0 .4 3.9 -1 .3 3 .6 14.1 -11 .7 -4.0 -4 .0 P ublic Investm ent 1 .8 -0.6 0 .6 0 .6 -2.5 1 .3 -1.0 0 .0 Sta te F ina l D em and 7 .1 10.1 -2 .7 10 .9 15.7 -6 .3 -2.7 -2 .7 B alancing item 0 .3 -4.0 5 .1 -6 .3 -7.6 6 .3 n.a. G ross State Product 7 .4 6.1 2 .4 4 .6 8.2 0 .0 n .a. * Investment in other building & structures , machinery & equipment, livestock, intangible fixed assets and ow nership transfer costs Sources: N T T reasury, AB S data ** Investm ent in other building & structures , machinery & equipm ent # N orthern Endeavour floating production storage off-take vessel for Laminaria /C orallina oilfield N orth ern T erritory S tate F in al D em an d and G ross S tate Produ ct P ercentage C hange P ercentage P o int C ontribution Year ended June Percentage Change* 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 Latest Annual % change** Real Retail Turnover 11.1 8.3 -6.8 2.1 6.1 7.0 -2.0 Jun Q 01 -4.0 New Motor Vehicle Registrations 23.0 1.1 0.7 12.7 -3.3 -6.5 -7.9 Aug Q 01 0.8 Tourist Accommodation Takings 15.9 10.3 10.4 0.8 7.0 16.7 1.4 Jun Q 01 2.2 Number of Dwellings Approved 5.3 -12.6 36.8 11.6 0.0 -30.7 -28.5 Aug Q 01 7.3 Number of Dwellings Commenced -9.6 -2.0 17.5 26.6 -9.7 -21.1 -34.2 Jun Q 01 18.9 Employment 10.1 2.0 3.2 3.3 5.1 -2.2 1.1 Aug Q 01 9.3 Darwin Consumer Price Index (year average) 2.8 4.1 1.8 -0.3 0.9 1.4 5.4 Jun Q 01 5.2 AWOTE# (year average) 2.4 2.5 4.0 4.9 3.1 4.6 3.7 May Q 01 3.0 Wage Cost Index n.a. n.a. n.a. n.a. 2.7 2.4 2.8 Jun Q 01 2.8 Population (Annual % change) 2.4 2.4 2.8 1.6 1.5 1.4 n.a. Mar Q 01 1.1 Net Interstate Migration (number) 384 328 1790 -439 -917 -871 n.a. Mar Q 01 -1569 * Year ended, or year on year. ** Quarter on corresponding quarter the previous year, or through the year. # Average Weekly Ordinary Time Earnings. Source: NT Treasury, ABS data Year Ended June Percentage Change* 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 Latest Interest Rates 90 Day Bank Bill (as at 30 June) 7.5 7.4 5.2 4.9 4.7 5.9 5.0 31 Aug 01 4.8 10 Year Govt Bond Yield (as at 30 June) 9.2 8.9 7.1 5.6 6.3 6.2 6.0 31 Aug 01 5.5 Exchange Rates US$ per A$ (year average) 0.72 0.76 0.78 0.68 0.63 0.63 0.54 28 Sep 01 0.52 US$ per A$ (as at 30 June) 0.71 0.79 0.75 0.61 0.66 0.60 0.51 28 Sep 01 0.49 SDRs per A$ (as at 30 June) 0.45 0.55 0.54 0.46 0.49 0.45 41.0 28 Sep 01 0.38 Trade Weighted Index of A$ (as at 30 June) 48.4 58.1 56.7 57.9 58.4 53.3 49.7 28 Sep 01 47.0 * Year ended, or year on year. Source: NT Treasury, RBA data Latest Northern Territory Economic Indicators Financial Indicators


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