5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/03/2018   
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MAIN FEATURES INCOME AT CURRENT PRICES

Trend
Seasonally adjusted
% change
Sep 17
to Dec 17
% change
Dec 16
to Dec 17
% points
contributions
to growth
in GDP
Sep 17
to Dec 17
% change
Sep 17
to Dec 17
% change
Dec 16
to Dec 17
% points
contributions
to growth
in GDP
Sep 17
to Dec 17

Compensation of employees
1.2
4.4
0.6
1.1
4.8
0.5
Gross operating surplus
Private non-financial corporations
-0.1
1.3
-
1.0
4.1
0.2
Other(a)
0.7
3.9
0.1
0.4
3.9
0.1
Gross mixed income
-1.1
-4.2
-0.1
3.0
-3.7
0.2
Taxes less subsidies on production and imports
0.3
4.7
-
0.2
5.0
-
Statistical discrepancy (I)
na
na
-0.1
na
na
-0.2
Gross domestic product
0.5
3.6
0.5
0.8
3.5
0.8

- nil or rounded to zero (including null cells)
na not available
(a) Includes Public non-financial corporations, Financial corporations, General government and Dwellings owned by persons.



DECEMBER QUARTER

Summary Comments

Compensation of employees (COE)
  • Seasonally adjusted COE increased 1.1%. Growth in average compensation per employee was flat.
  • The increase in COE was driven by Health Care and Social Assistance, Education and Training, Public Administration and Safety, Construction, and Financial and Insurance Services.
  • Private sector COE increased 0.8%.
  • Public sector COE increased 2.0%.

State Compensation of employees
  • All states recorded growth in COE this quarter except South Australia, which decreased 0.3%. ACT and NT recorded the highest rates of growth with 6.2% and 3.4% respectively.
  • Through the year COE increased for all jurisdictions with ACT and NT recording the strongest growth. NSW and VIC rose 4.0% and 6.0% respectively.


STATE COMPENSATION OF EMPLOYEES, Current Prices: Seasonally Adjusted
Graph shows STATE COMPENSATION OF EMPLOYEES, Current prices Seasonally adjusted



Gross operating surplus (GOS)
  • Total GOS increased 0.7% for the December quarter. Private non-financial corporations was the main contributor increasing 1.0%. Offsetting this was public non-financial corporations, decreasing 5.8%.