MAIN FEATURES INCOME AT CURRENT PRICES
| | Trend | Seasonally adjusted | |
| | % change Sep 08 to Dec 08 | % change Dec 07 to Dec 08 | % points contribution to growth in GDP Sep 08 to Dec 08 | % change Sep 08 to Dec 08 | % change Dec 07 to Dec 08 | % points contribution to growth in GDP Sep 08 to Dec 08 | |
| |
Compensation of employees | 1.8 | 7.8 | 0.9 | 1.2 | 7.9 | 0.6 | |
Gross operating surplus | | | | | | | |
| Private | np | np | np | -5.6 | 14.2 | -1.2 | |
| Other | np | np | np | 0.6 | 3.5 | 0.1 | |
Gross mixed income | 1.7 | 3.4 | 0.1 | 1.0 | 2.9 | 0.1 | |
Taxes less subsidies on production and imports | -0.9 | -2.3 | -0.1 | -2.5 | -2.9 | -0.3 | |
Statistical discrepancy (I) | . . | . . | 0.2 | . . | . . | 0.4 | |
Gross domestic product | 1.6 | 9.2 | 1.6 | -0.3 | 7.9 | -0.3 | |
| |
. . not applicable |
np not available for publication but included in totals where applicable, unless otherwise indicated |
DECEMBER QUARTER
Summary Comments
Compensation of employees (COE)
- The trend increase of 1.8% reflected a rise of 1.5% in average earnings and a 0.3% rise in the number of wage & salary earners. Seasonally adjusted, COE grew by 1.2%, reflecting growth in average earnings of 0.8% and of the number of wage and salary earners by 0.4%. Seasonally adjusted, COE represented 53.3% of Total factor income.
Wages (a) share of total factor income
Gross operating surplus (GOS)
- Trend GOS of corporations increased by 0.9%, and in seasonally adjusted terms decreased by 5.4%. Seasonally adjusted, GOS of corporations represented 26.6% of Total factor income. Though slightly lower than last quarter, this continues the high share of total factor income seen in this series in recent periods.
Profit (a) share of total factor income