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

2001-09-01

Notes

Date:2001-09; 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/10070/212444

Citation address

https://hdl.handle.net/10070/716386

Page content

SEPTEMBER 2001 2 TERRITORY ECONOMIC REVIEW www.nt.gov.au/ntt/economic Year on Year Ended June: 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 Latest Year ended March Expenditure on GSP (1998-99 prices) Private Consumption 9.7 8.7 -1.7 7.6 6.5 7.8 n.a. Mar Q 01 4.3 Public Consumption 2.3 17.2 1.4 11.2 5.2 13.4 n.a. Mar Q 01 0.5 Total Consumption Expenditure 6.5 12.2 -0.4 9.2 5.9 10.3 n.a. Mar Q 01 2.6 Private Investment* Dwellings 16.5 9.7 2.2 10.5 44.7 -22.4 n.a. Mar Q 01 -28.2 Other buildings & structures -14.0 43.2 3.4 67.5 175.6 -64.6 n.a. Mar Q 01 -67.1 Machinery & equipment -25.1 87.6 -2.6 -23.3 37.5 1.0 n.a. Mar Q 01 79.5 Total Business Investment** -20.2 66.8 -0.2 14.6 121.8 -48.7 n.a. Mar Q 01 -11.1 Total Business Investment** less N.E.# -20.2 66.8 -0.2 1.2 -8.6 3.8 n.a. Mar Q 01 47.7 Total Private Investment -0.3 22.9 -3.2 19.0 66.6 -37.4 n.a. Mar Q 01 -15.8 Total Private Investment less N.E.# -0.3 22.9 -3.2 12.2 3.7 -8.3 n.a. Mar Q 01 7.6 Public Investment 35.2 -11.8 11.2 12.0 -52.9 89.9 n.a. Mar Q 01 0.0 Total Investment 6.8 14.2 -0.4 17.5 42.0 -28.7 n.a. Mar Q 01 -13.5 Total Investment less N.E.# 6.8 14.2 -0.4 12.2 -8.5 2.7 n.a. Mar Q 01 6.3 State Final Demand 6.8 12.5 -0.5 11.3 15.2 -2.2 n.a. Mar Q 01 -1.4 State Final Demand less N.E.# 6.8 12.5 -0.5 10.0 2.2 8.5 n.a. Mar Q 01 3.3 International Trade in Exports -2.6 5.2 5.7 2.4 -0.1 50.6 n.a. International Trade in Imports 22.1 8.5 8.1 55.1 -27.6 178.0 n.a. Total Gross State Product 7.4 6.1 2.4 4.6 8.2 0.0 n.a. Contribution to Growth Private Consumption 4.2 3.9 -0.8 3.2 2.7 3.0 n.a. 1.8 Public Consumption 0.7 5.3 0.5 3.7 1.7 4.0 n.a. 0.2 Private Investment -0.1 4.1 -0.6 3.7 13.7 -11.1 n.a. -3.3 Public Investment 1.7 -0.7 0.5 0.6 -2.8 2.0 n.a. 0.0 State Final Demand 6.8 12.5 -0.5 11.3 15.2 -2.2 n.a. -1.4 Balancing item 0.6 -6.4 2.9 -6.7 -7.0 2.2 n.a. Gross 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 ownership transfer costs Sources: NT Treasury, ABS data ** Investment in other building & structures, machinery & equipment # Northern Endeavour floating production storage off-take vessel for Laminaria/Corallina oilfield Northern Territory State Final Demand and Gross State Product Percentage Change Percentage Point Contribution 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 7.1 -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 Jun Q 01 -5.8 Tourist Accommodation Takings 15.9 10.3 10.4 0.8 7.0 16.7 n.a. M ar Q 01 -0.2 Number of Dwellings Approved 5.3 -15.0 36.8 11.6 0.0 -30.7 -28.6 Jun Q 01 47.3 Number of Dwellings Commenced -9.6 -2.0 17.5 26.6 -9.7 -21.1 n.a. M ar Q 01 -71.0 Employment 10.1 2.0 3.2 3.3 5.1 -2.2 1.1 July Q 01 8.2 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 AW OTE# (year average) 2.4 2.5 4.0 4.9 3.1 4.6 3.7 May Q 01 3.0 W age 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. Dec Q 00 1.0 Net Interstate M igration (number) 384 328 1790 -439 -917 -871 n.a. Dec Q 00 -1641 * Year ended, or year on year. ** Quarter on corresponding quarter the previous year, or through the year. # Average W eekly 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 July 01 5.1 10 Year Govt Bond Yield (as at 30 June) 9.2 8.9 7.1 5.6 6.3 6.2 6.0 31 July 01 6.1 Exchange Rates US$ per A$ (year average) 0.72 0.76 0.78 0.68 0.63 0.63 0.54 July 01 0.53 US$ per A$ (as at 30 June) 0.71 0.79 0.75 0.61 0.66 0.60 0.51 31 July 01 0.50 SDRs per A$ (as at 30 June) 0.45 0.55 0.54 0.46 0.49 0.45 41.0 31 July 01 0.40 Trade W eighted Index of A$ (as at 30 June) 48.4 58.1 56.7 57.9 58.4 53.3 49.7 31 July 01 48.8 * Year ended, or year on year. Source: NT Treasury, RBA data Latest Northern Territory Economic Indicators Financial Indicators


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