Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
1367.5 - Western Australian Statistical Indicators, Jun 2002  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/07/2002   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

MEDIA RELEASE

July 11, 2002
Embargoed: 11:30 AM (AEST)
92/2002
Resources industry contributes almost $13 billion a year to WA economy

Over the five years to 1999-2000, the Western Australian resources industry contributed $12.8 billion (b) a year to the State's Gross Product, according to figures released by the Australian Bureau of Statistics (ABS) today.

A comprehensive statistical picture of the State's resources industry is featured in a special article in Western Australian Statistical Indicators. The statistics cover downstream mineral processing and electricity generation as well as traditional mineral extraction activities.

Other highlights from the article include:
  • Annual turnover in the resources industry averaged $22.5b over the five years to 1999-2000, with downstream mineral processing and electricity production activities representing an annual average of 28%.
  • The resources industry employed an annual average 5% of the State's workforce, ranking 9th in the top ten employing industries.
  • The average annual wages and salaries paid to resource industry employees was $64,900. Coal mining and oil and gas extraction employees received significantly higher wages and salaries, averaging $101,600.
  • In 1998-99, the resources industry accounted for more than half (59%) of State investment, majority-foreign-owned businesses accounting for just over one-third (34%) of this. In comparison, in the following year the industry contribution to State investment dropped to 48%, with majority-foreign-owned businesses accounting for 41% of this.
  • Expenditure on mineral exploration was $415 million (m) in 1999-2000 (accounting for 61% of national expenditure), after peaking in 1996-97 at $692m.
  • Petroleum exploration expenditure accounted for 61% of national petroleum exploration expenditure in 1999-2000 and was $444m. In 2000-01, expenditure jumped 55% to $688m, the highest level recorded (State data first available in 1994-95).
  • The value of mineral and petroleum production in 1999-2000 was $21.3 b after averaging $16.6 b over the previous four years. In 2000-01, the value increased to $27.6 b, buoyed by higher commodity prices (particularly for crude oil and iron ore), gains from the depreciated Australian dollar and increased production capacity, particularly alumina and nickel.
  • The value of merchandise exports originating from the resources industry accounted for almost three-quarters (72% - annual average) of total State exports and 14% (annual average) of total Australian merchandise exports over the five years to 1999-2000.
  • In 2000-01, value of exports originating from the resources industry increased over the previous year by 27% to $23.7b. This was driven by commodities originating from the oil and gas extraction industries, up 38% to $7.8b, and metal ore mining industries (mainly iron ore and concentrates), up 31% to $5.8b.

Details are in Western Australian Statistical Indicators, June Quarter 2002 (cat. no. 1367.5).

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.