7123.6.55.001 - Agricultural State Profile, Tasmania, 2003-04

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/07/2005

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Contents >> Agriculture >> Agriculture and the economy

The contribution of agriculture to the Tasmanian economy can be measured in a number of ways. The most direct measurement available is the gross value of agricultural production, which is the value placed on recorded production at wholesale prices realised in the market place. In 2002-03, the gross value of agricultural production for Tasmania was $878.1 million.

Other measures of the contribution of agriculture to the economy include:

gross farm product (GFP), which is a measure of the value added in production by farm businesses. In 2003-04, the GFP for Tasmania was calculated to be $643 million, or 4.5% of gross state product; and
the value of exports of agricultural commodities from Tasmania (i.e. export products sourced from the agriculture industry), which was $74.6 million in 2003-04.

GROSS FARM PRODUCT, Tasmania


	1999-2000	2000-01	2001-02	2002-03	2003-04

Gross Farm Product (GFP) ($m)	482	537	686	r651	643
Gross State Product (GSP) ($m) r	11,196	11,499	12,272	13,091	14,283
GFP as % of GSP	4.3	4.7	5.6	5.0	4.5

r revised since last issue
Source: Australian National Accounts: State Accounts (cat. no. 5220.0).

This section contains the following subsection :
Value of agricultural production