New key tables for the presentation of the quarterly national accounts, 2020

Presents key tables of headline economic indicators to accompany 5206.0 - Australian National Accounts: National Income, Expenditure and Product.

Released

22/01/2020

Source

Australian National Accounts: National Income, Expenditure and Product, September 2019

New key tables for the presentation of the quarterly national accounts

Introduction

Following consultation, the December quarter, 2019 publication of the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206), released on 4th March 2020, will introduce a print-friendly key tables section of headline economic indicators. The key tables will be presented in a separate section, following the main features section in the publication.

An example of the new key tables are presented here, in the Key tables section, using September quarter, 2019 data.

What will be included in the key tables

Key tables will include:

Key national accounts aggregates
Analytical expenditure aggregates
Expenditure on GDP
Household final consumption expenditure
Industry gross value added
Income from GDP

Five quarters of seasonally adjusted estimates will be presented, along with current quarter estimates for through the year and contribution to growth in GDP, where applicable. Revisions to the quarterly estimates will also be presented.

Analytical expenditure aggregates will include series for:

Essential and discretionary household consumption
Public and private domestic final demand

For queries relating to this change, please contact the ABS media team on 1300 175 070 or at media@abs.gov.au (8:30am - 5:00pm, Monday - Friday).

September key tables

Show all

Key national accounts aggregates (seasonally adjusted)

		Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Through the year, Sep 18 to Sep 19
			Percentage change (a)
Chain volume GDP and related measures (b)
	GDP	0.3	0.2	0.5	0.6	0.4	1.7
	GDP per capita (c)	-0.1	-0.2	0.1	0.3	-	0.2
	Gross value added market sector (d)	-0.3	-0.1	0.6	0.5	0.2	1.2
	Net domestic product	0.2	0.1	0.5	0.6	0.4	1.6
Real income measures (b)
	Real gross domestic income	0.5	0.7	1.3	1.0	0.5	3.6
	Real gross national income	0.4	1.0	1.1	1.3	0.9	4.4
	Real net national disposable income	0.3	1.1	1.2	1.5	0.9	4.8
	Real net national disposable income per capita (c)	-0.1	0.7	0.8	1.2	0.5	3.3
Current price measures
	GDP	1.1	1.2	1.6	1.5	1.1	5.5
Productivity
	Hours worked	0.3	0.5	0.8	0.1	0.6	1.9
	Hours worked market sector (d)	-	-	1.0	0.1	0.3	1.5
	GDP per hour worked	-	-0.3	-0.3	0.6	-0.2	-0.2
	Gross value added per hour worked market sector (d)	-0.3	-0.1	-0.4	0.4	-0.1	-0.2
	Real unit labour costs	0.1	0.1	-0.7	0.2	0.1	-0.4
	Real unit labour costs - non-farm	0.1	-0.2	-1.1	0.4	-	-0.9
Prices
	GDP implicit price deflator	0.8	1.1	1.1	0.9	0.7	3.7
	Domestic final demand implicit price deflator	0.5	0.5	0.3	0.6	0.4	1.8
	Terms of trade	0.8	2.5	3.3	1.4	0.4	7.8
				Levels
Chain volume GDP and related measures (b)
	GDP ($m)	469 110	469 864	472 303	475 208	477 294	. .
	GDP per capita (c) ($)	18 703	18 663	18 690	18 741	18 748	. .
	Gross value added market sector (d) ($m)	318 528	318 290	320 324	321 985	322 504	. .
	Net domestic product ($m)	387 341	387 586	389 500	391 863	393 406	. .
Real income measures (b)
	Real gross domestic income ($m)	470 695	474 107	480 183	484 823	487 426	. .
	Real gross national income ($m)	454 790	459 404	464 563	470 562	474 787	. .
	Real net national disposable income ($m)	372 748	376 911	381 430	387 253	390 730	. .
	Real net national disposable income per capita (c) ($)	14 861	14 971	15 094	15 272	15 348	. .
Current price measures
	GDP ($m)	476 837	482 644	490 498	497 771	503 215	. .
	GDP per capita (c) ($)	19 011	19 170	19 410	19 631	19 766	. .
	Gross national income ($m)	460 051	467 143	473 305	482 086	488 852	. .
	National net saving ($m)	20 035	22 035	24 400	26 964	29 968	. .
	Household saving ratio	2.8	3.1	3.4	2.7	4.8	. .
Prices
	Terms of trade (index) (e)	101.5	104.1	107.5	109.0	109.4	. .

. . not applicable
- nil or rounded to zero
a. Change on preceding quarter; last column shows the change between the current quarter and the corresponding quarter of the previous year.
b. Reference year for chain volume measures and real income measures is 2017-18.
c. Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.
e. Reference year for indexes is 2017-18 = 100.0.

Analytical expenditure aggregates, chain volume measures (a) seasonally adjusted, percentage changes (b)

			Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Through the year, Sep 18 to Sep 19	Contribution to growth, Jun 19 to Sep 19
Final consumption expenditure
	General government		1.1	1.5	1.0	2.5	0.9	6.0	0.2
	Households		0.3	0.4	0.3	0.3	0.1	1.2	0.1
		Essential	0.3	0.6	0.6	0.4	0.4	2.0	0.1
		Discretionary	0.2	0.2	-0.1	0.3	-0.3	-	-0.1
Gross fixed capital formation
	Private		-0.2	-1.6	-0.7	-1.9	-0.7	-4.8	-0.1
		Mining	-4.2	-7.0	-0.2	3.7	-7.8	-11.2	-0.2
		Non-mining	1.1	1.9	1.6	-2.6	1.2	2.2	0.1
		Total private business investment	-0.3	-0.2	1.2	-1.2	-0.9	-1.1	-0.1
	Public		2.3	-2.1	0.4	-	1.9	0.2	0.1
Final demand
	Public		1.4	0.7	0.8	2.0	1.1	4.8	0.3
	Private		0.2	-0.1	0.1	-0.2	-0.1	-0.3	-0.1

- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.
b. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.

Expenditure on GDP, chain volume measures (a) seasonally adjusted, percentage changes (b)

		Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Through the year, Sep 18 to Sep 19	Contribution to growth, Jun 19 to Sep 19
Final consumption expenditure
	General government	1.1	1.5	1.0	2.5	0.9	6.0	0.2
	Households	0.3	0.4	0.3	0.3	0.1	1.2	0.1
	Total final consumption expenditure	0.5	0.7	0.5	0.9	0.3	2.4	0.2
Private gross fixed capital formation
	Dwellings	0.4	-3.1	-1.6	-3.7	-1.7	-9.6	-0.1
	Ownership transfer costs	-2.4	-6.6	-11.7	0.1	4.5	-13.7	0.1
	Non-dwelling construction	-2.1	-0.2	1.5	-5.9	0.6	-4.1	-
	Machinery and equipment	2.5	-1.0	1.3	2.9	-4.2	-1.1	-0.2
	Cultivated biological resources	-9.7	-4.4	-4.6	2.3	0.8	-5.9	-
	Intellectual property products	0.4	1.5	0.8	2.8	1.7	7.1	-
	Total private gross fixed capital formation	-0.2	-1.6	-0.7	-1.9	-0.7	-4.8	-0.1
Public gross fixed capital formation
	Public corporations	4.4	-7.6	-1.0	-5.0	5.4	-8.5	0.1
	General government	1.6	-0.2	0.8	1.6	0.9	3.2	-
	Total public gross fixed capital formation	2.3	-2.1	0.4	-	1.9	0.2	0.1
Total gross fixed capital formation		0.3	-1.7	-0.4	-1.5	-0.2	-3.8	-
Domestic final demand		0.5	0.1	0.3	0.3	0.2	0.9	0.2
Changes in inventories		. .	. .	. .	. .	. .	. .	0.1
Exports of goods and services		0.9	-0.4	1.7	1.3	0.7	3.3	0.2
Imports of goods and services		-0.9	-0.1	-0.1	-1.1	-0.2	-1.5	0.1
Statistical discrepancy (E)		. .	. .	. .	. .	. .	. .	-0.1
Gross domestic product		0.3	0.2	0.5	0.6	0.4	1.7	0.4

. . not applicable
- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.
b. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.

Household final consumption expenditure, chain volume measures (a) seasonally adjusted, percentage changes (b)

	Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Through the year, Sep 18 to Sep 19	Contribution to growth, Jun 19 to Sep 19
Food	0.7	0.4	0.3	0.3	0.3	1.3	-
Cigarettes and tobacco	-0.7	-1.6	-1.3	-2.1	-2.9	-7.6	-
Alcoholic beverages	0.7	-0.8	0.4	0.4	-0.5	-0.6	-
Clothing and footwear	0.8	2.1	-0.1	0.5	-0.6	1.9	-
Rent and other dwelling services	0.5	0.5	0.6	0.6	0.6	2.3	0.1
Electricity, gas and other fuel	-1.2	-1.0	1.5	-1.4	-0.4	-1.3	-
Furnishings and household equipment	-0.3	-0.8	-0.3	0.4	0.5	-0.3	-
Health	0.6	1.6	0.7	0.5	0.9	3.8	0.1
Purchase of vehicles	-1.3	-1.7	0.9	-3.3	-1.0	-4.9	-
Operation of vehicles	-1.2	0.8	-0.4	0.5	-0.4	0.6	-
Transport services	2.2	-0.4	0.7	0.2	-1.4	-0.9	-
Communications	0.5	0.7	1.4	0.7	0.2	3.0	-
Recreation and culture	0.4	-	-0.3	0.9	0.5	1.2	0.1
Education services	0.1	0.5	0.5	0.6	0.3	1.9	-
Hotels, cafes and restaurants	0.9	0.5	-0.5	0.7	-0.9	-0.2	-0.1
Insurance and other financial services	0.8	0.9	0.8	0.4	0.3	2.5	-
Other goods and services	-0.6	0.6	0.7	0.3	0.3	2.0	-
Total	0.3	0.4	0.3	0.3	0.1	1.2	0.1

Industry gross value added (a), chain volume measures (b) seasonally adjusted, percentage changes (c)

	Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Through the year, Sep 18 to Sep 19	Contribution to growth, Jun 19 to Sep 19
Agriculture, forestry and fishing	-6.9	-4.1	0.3	-0.2	-2.1	-6.1	-
Mining	0.1	1.8	1.1	3.7	0.7	7.4	0.1
Manufacturing	-0.8	-0.7	-0.2	-1.2	-0.6	-2.7	-
Electricity, gas, water and waste services	0.2	-1.3	0.9	-0.8	-0.3	-1.5	-
Construction	-2.8	-2.0	-0.5	-1.2	0.5	-3.3	-
Wholesale trade	0.1	0.5	1.1	-1.4	-0.7	-0.5	-
Retail trade	0.2	-0.1	-0.2	-0.1	0.1	-0.2	-
Accommodation and food services	0.4	-0.5	-0.3	1.7	0.1	1.0	-
Transport, postal and warehousing	-1.3	1.2	-0.1	-0.5	-0.4	0.3	-
Information media and telecommunications	-1.7	2.6	-0.1	1.5	0.8	4.8	-
Financial and insurance services	0.7	0.3	1.0	0.1	0.1	1.6	-
Rental, hiring and real estate services (d)	1.6	-0.5	-0.3	0.8	0.2	0.2	-
Professional, scientific and technical services	0.5	-1.0	2.0	1.8	1.3	4.2	0.1
Administrative and support services	1.6	0.4	2.3	0.9	1.0	4.7	-
Public administration and safety	-	1.6	-0.3	1.9	1.2	4.4	0.1
Education and training	0.7	0.6	0.6	0.6	0.6	2.4	-
Health care and social assistance	2.7	1.7	1.9	1.8	2.6	8.3	0.2
Arts and recreation services	0.6	2.1	2.5	-	0.3	5.1	-
Other services	1.1	0.1	1.8	2.0	-1.7	2.2	-
Ownership of dwellings	0.6	0.6	0.6	0.6	0.6	2.4	-
Gross value added at basic prices	-	0.2	0.7	0.7	0.5	2.1	0.4
Taxes less subsidies on products	0.6	-0.7	-0.4	0.4	0.1	-0.7	-
Statistical discrepancy (P)	. .	. .	. .	. .	. .	. .	-
Gross domestic product	0.3	0.2	0.5	0.6	0.4	1.7	0.4

. . not applicable
- nil or rounded to zero
a. At basic prices.
b. Reference year for chain volume measures is 2017-18.
c. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.
d. Excludes ownership of dwellings.

Income from GDP, current prices seasonally adjusted, percentage changes (a)

			Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19	Jun 19 to Sep 19	Through the year, Sep 18 to Sep 19	Contribution to growth, Jun 19 to Sep 19
Compensation of employees
	Wages and salaries		1.2	1.0	1.4	1.4	1.1	4.9	0.5
	Employers' social contributions (b)		1.2	1.0	1.5	1.5	1.0	5.2	0.1
	Total compensation of employees		1.2	1.0	1.4	1.4	1.1	5.0	0.5
Gross operating surplus
	Non-financial corporations
		Private non-financial corporations	2.9	4.0	4.0	2.6	2.0	13.2	0.4
		Public non-financial corporations	-1.6	-1.7	-5.7	-0.2	-5.1	-12.2	-
		Total non-financial corporations	2.7	3.7	3.5	2.5	1.7	11.9	0.4
	Financial corporations		1.3	1.7	1.7	0.7	0.5	4.7	-
	Total corporations		2.4	3.2	3.1	2.1	1.5	10.3	0.4
	General government		2.0	1.6	1.5	1.4	1.3	5.9	-
	Dwellings owned by persons		0.9	0.7	0.5	0.5	0.4	2.1	-
	Total gross operating surplus		2.0	2.6	2.5	1.7	1.2	8.3	0.4
Gross mixed income			-2.4	-0.8	-0.4	-0.3	-0.4	-1.9	-
Total factor income			1.2	1.4	1.7	1.4	1.0	5.6	0.9
Taxes less subsidies on production and imports			0.4	-0.4	-0.3	2.9	1.3	3.5	0.1
Statistical discrepancy (I)			. .	. .	. .	. .	. .	. .	0.1
Gross domestic product			1.1	1.2	1.6	1.5	1.1	5.5	1.1

. . not applicable
- nil or rounded to zero
a. Change on preceding quarter; second column from right shows the change between the current quarter and the corresponding quarter of the previous year; last column shows the contribution to growth in GDP.
b. Includes contributions to superannuation made by employers and payments of workers' compensation premiums.

Key national accounts aggregates seasonally adjusted, revisions to percentage changes (a)

		Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19
Chain volume GDP and related measures (b)
	GDP	-	0.1	-	0.1
	GDP per capita (c)	-	-	-	0.3
	Gross value added market sector (d)	-0.1	0.1	-0.1	0.2
	Net domestic product	-	0.1	-	0.2
Real income measures (b)
	Real gross domestic income	-	-0.1	0.1	0.2
	Real gross national income	-	-0.1	-0.1	0.1
	Real net national disposable income	-	-0.1	-0.1	0.1
	Real net national disposable income per capita (c)	-	-0.2	-0.1	0.2
Current price measures
	GDP	-0.1	-	-	0.3
	Household saving ratio (e)	0.3	0.4	0.4	0.4
Productivity
	Hours worked	-	-	-	-0.1
	Hours worked market sector (d)	0.2	-0.1	-	-0.1
	GDP per hour worked	-	-	0.1	0.1
	Gross value added per hour worked market sector (d)	-0.3	0.2	-0.1	0.4
	Real unit labour costs	-	-	-	-0.1
	Real unit labour costs - non-farm	-	-	-	-0.2
Prices
	Terms of trade	-0.4	-0.4	0.2	-

- nil or rounded to zero
a. Change on preceding quarter.
b. Reference year for chain volume measures and real income measures is 2017-18.
c. Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
d. ANZSIC divisions A to N, R and S. See Glossary - Market sector.
e. Revisions to levels.

Analytical expenditure aggregates, chain volume measures (a) seasonally adjusted, revisions to percentage changes (b)

			Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19
Final consumption expenditure
	General government		-	0.1	0.1	-0.2
	Households		-	-	-	-0.1
		Essential	-0.1	0.1	-	-
		Discretionary	0.1	-0.1	0.1	-0.1
Gross fixed capital formation
	Private		0.8	-0.2	0.6	-0.3
		Mining	2.1	-0.3	1.1	1.3
		Non-mining	0.3	-0.2	0.5	-0.8
		Total private business investment	0.7	-0.3	0.6	-0.3
	Public		-1.5	-1.4	0.3	2.3
Final demand
	Public		0.1	-0.2	0.2	0.7
	Private		0.2	-	0.2	-0.1

- nil or rounded to zero
a. Reference year for chain volume measures is 2017-18.
b. Change on preceding quarter.

Expenditure on GDP, chain volume measures (a) seasonally adjusted, revisions to percentage changes (b)

		Jun 18 to Sep 18	Sep 18 to Dec 18	Dec 18 to Mar 19	Mar 19 to Jun 19
Final consumption expenditure
	General government	-	0.1	0.1	-0.2
	Households	-	-	-	-0.1
	Total final consumption expenditure	-	-	0.1	-0.1
Private gross fixed capital formation
	Dwellings	0.3	-0.3	0.6	0.7
	Ownership transfer costs	1.9	0.7	1.5	-4.2
	Non-dwelling construction	2.3	-0.2	0.8	-
	Machinery and equipment	-0.4	-0.2	0.9	-0.5
	Cultivated biological resources	-0.6	-4.5	-0.7	-1.8
	Intellectual property products	-0.9	-0.4	-0.3	-0.1
	Total private gross fixed capital formation	0.8	-0.2	0.6	-0.3
Public gross fixed capital formation
	Public corporations	0.8	-1.0	-0.2	-3.7
	General government	-2.2	-1.5	0.4	4.3
	Total public gross fixed capital formation	-1.5	-1.4	0.3	2.3
Total gross fixed capital formation		0.3	-0.4	0.6	0.2
Domestic final demand		0.1	-0.1	0.2	-
Gross national expenditure		0.1	-0.2	0.2	0.2
Exports of goods and services		0.6	0.3	-0.2	-0.1
Imports of goods and services		0.6	-0.2	0.1	0.2
Gross domestic product		-	0.1	-	0.1