5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2009  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 03/03/2010   
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MAIN FEATURES EXPENDITURE CHAIN VOLUME MEASURES

Trend
Seasonally adjusted
% change Sep 09 to Dec 09
% change Dec 08 to Dec 09
% points contributions to growth in GDP Sep 09 to Dec 09
% change Sep 09 to Dec 09
% change Dec 08 to Dec 09
% points contributions to growth in GDP Sep 09 to Dec 09
Final consumption expenditure
General government
1.3
3.9
0.2
1.8
4.5
0.3
Households
0.7
2.8
0.4
0.7
2.8
0.4
Gross fixed capital formation
Private
Dwellings
2.8
0.1
0.2
1.1
0.6
0.1
Ownership transfer costs
1.7
19.9
-
-2.5
20.0
-
Non-dwelling construction
-1.9
-6.8
-0.1
0.3
-7.6
-
Machinery and equipment
3.2
-1.1
0.2
10.9
3.5
0.8
Cultivated biological resources
2.1
7.9
-
-9.2
4.6
-
Intellectual property products
1.0
5.0
-
1.9
5.5
0.1
Public
5.5
12.7
0.3
10.2
16.8
0.6
Changes in inventories
na
na
0.3
na
na
0.1
Gross national expenditure
1.7
3.5
1.7
2.1
4.5
2.2
Exports of goods and services
-0.3
0.7
-0.1
1.7
3.1
0.3
Imports of goods and services
5.3
2.8
-1.1
7.7
5.1
-1.6
Statistical discrepancy (E)
na
na
0.6
na
na
-
Gross domestic product
0.6
2.0
0.6
0.9
2.7
0.9
- nil or rounded to zero (including null cells)
na not available



DECEMBER QUARTER

Summary Comments

Final Consumption Expenditure
  • Government final consumption expenditure increased 1.8% and Household final consumption expenditure increased 0.7% in seasonally adjusted terms. The main contributors to growth in Household final consumption were Purchase of vehicles (up 6.8%) and Rent and other dwelling services (up 0.7%).

Gross fixed capital formation
  • Gross fixed capital formation increased 4.8% in seasonally adjusted terms. Total private gross fixed capital formation increased 3.5%, reflecting strong growth in Machinery and equipment investment (up 10.9%). Public gross fixed capital formation rose 10.2%, driven by General government, State and local investment (up 13.0%).

Changes in inventories
  • Total inventories rose $418m in seasonally adjusted terms compared with an increase of $136m last quarter. The change in inventories contributed 0.1 percentage points to GDP growth during the quarter.

Exports and imports of goods and services
  • Exports of goods and services rose 1.7% in seasonally adjusted terms. Seasonally adjusted Exports of goods rose 2.2%, driven by Non-rural exports (up 3.5%).
  • Imports of goods and services rose 7.7% in seasonally adjusted terms. Seasonally adjusted Imports of services rose 9.6%, while Imports of goods rose 7.2%.