• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

The contribution of agriculture to the Western Australian 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 2003-04, the gross value of agricultural production for Western Australia was $6.3 billion.

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 Western Australia was calculated to be $3.4 billion, or 3.9% of gross state product;
  
• the value of exports of agricultural commodities from Western Australia (i.e. export products sourced from the agriculture industry), which was $2.8 billion in 2004-05.

	1999-2000	2000-01	2001-02	2002-03	2003-04
Gross Farm Product (GFP) ($m)	2,150	1,934	r2,868	r2,070	3,429
Gross State Product (GSP) ($m)r	67,916	73,392	77,850	82,915	88,935
GFP as % of GSP	3.2	2.6	3.7	r2.5	3.9