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Mining industry contribution to Gross State Product
The mining industry contribution to the Tasmanian economy can be assessed in terms of its contribution to Gross State Product (GSP). GSP is the total market value of goods and services produced in Tasmania within a given period after deducting the cost of goods and services used up in the process of production, but before deducting allowances for the consumption of fixed capital.
The mining industry accounted for 1.3% of Tasmania's GSP (based on total factor income) in 2003-04.
Compensation of employees includes wages and salaries, employer contributions to pension and superannuation funds, and premiums paid by employers to workers' compensation schemes. The mining industry accounted for 1.8% of Tasmania's compensation of employees in 2003-04.
MINING INDUSTRY, Contribution to Gross State Product, Tasmania(a)
|
 | Compensation of
employees
| Gross operating surplus &
gross mixed income
| Gross State
Product(a)
|
 |  |  |  |  |  |  |
| Year | Mining ($m) | % of Tas. total | Mining ($m) | % of Tas. total | Mining ($m) | % of Tas. total |
|
| 1999-2000 | 100 | 1.8 | 107 | 2.3 | 207 | 2.0 |
| 2000-01 | 102 | 1.8 | 89 | 1.9 | 191 | 1.8 |
| 2001-02 | 101 | 1.7 | 67 | 1.3 | 168 | 1.5 |
| 2002-03 | 106 | 1.7 | 59 | 1.1 | 165 | 1.4 |
| 2003-04 | 121 | 1.8 | 49 | 0.8 | 170 | 1.3 |
(a) Based on total factor income (i.e. the sum of compensation of employees and gross operating surplus and gross mixed income).
Source: Australian National Accounts, State Accounts (cat. no. 5220.0). |
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