1384.6 - Statistics - Tasmania, 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/02/2007  Ceased
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Contents >> Service Industries >> Contribution of service industries to the Tasmanian economy

The contribution of service industries 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.

In 2003-04, the service industries sector contributed 56.6% to Tasmania's GSP based on factor incomes (i.e. compensation of employees, gross operating surplus and gross mixed income).

Compensation of employees includes wages and salaries, employer contributions to pension and superannuation funds, and premiums paid by employers to workers' compensation schemes. In 2003-04, some 75.5% of Tasmania's compensation of employees was in service industries.

Gross operating surplus and gross mixed income is defined as gross value added minus compensation of employees, minus taxes on production and imports payable plus subsidies receivable. In 2003-04, some 35.3% of Tasmania's gross operating surplus and gross mixed income was in service industries.

SERVICE INDUSTRY'S CONTRIBUTION TO GROSS STATE PRODUCT, Tasmania(a)
Compensation
of employees
Gross operating surplus
and gross mixed income
Gross State Product(b)
$m
% of Tas. total
$m
% of Tas. total
$m
% of Tas. total
1998-99
3,928
71.8
1,505
r32.3
5,433
r53.7
1999-2000
4,023
73.7
r1,488
r32.0
r5,511
r54.5
2000-01
4,213
74.7
1,528
r32.1
5,741
r55.2
2001-02
r4,444
r74.9
1,738
r33.1
r6,182
r55.3
2002-03
r4,781
r75.3
r1,887
34.1
r6,668
56.1
2003-04
5,159
75.5
2,149
35.3
7,308
56.6
r revised
(a) Includes the following industries (based on the 1993 edition of the Australian and New Zealand Standard Industrial Classification (ANZSIC)): Wholesale trade, Retail trade, Accommodation, cafes and restaurants, Transport and storage, Communication services, Finance and insurance, Property and business services, Government administration and defence, Education, Health and community services, Cultural and recreational services, and Personal and other services.
(b) Based on factor incomes (i.e. the sum of compensation of employees, gross operating surplus and gross mixed income).
Source: Australian National Accounts: State Accounts (cat. no. 5220.0).



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