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SERVICE INDUSTRIES SECTOR
The contribution of an industry to the overall production of goods and services in an economy is measured by gross value added (GVA). Information on the relationship between industry GVA and gross domestic product (GDP) is provided in the Industry structure and performance chapter.
In 2004-05 the largest services-producing industry, in terms of industry GVA (in current prices) was the Property and business services industry, which accounted for 11.6% of GDP, followed by the Finance and insurance services industry (6.8%).
The Transport & storage industry recorded the largest percentage increase in GVA over the period 2000-01 to 2004-05 (22%), or an average annual growth rate of 4.9% per year (in volume terms). The next largest growth rate over the period was recorded by Retail trade (21%), and Health and community services (19%). The smallest growth in industry GVA was that of the Education industry, with an increase of 5.9% (table 20.1).
20.1 SERVICE INDUSTRIES(a), Gross value added(b)
|
 | 2000-01 | 2004-05 | Average annual
growth from
2000-01 to
2004-05 |
| $m | $m | % |
|
| Wholesale trade | 36,073 | 41,926 | 16.2 |
| Retail trade | 43,463 | 52,412 | 20.6 |
| Accommodation, cafes and restaurants | 16,063 | 18,383 | 14.4 |
| Transport and storage | 31,798 | 38,701 | 21.7 |
| Communication services | 20,172 | 23,799 | 18.0 |
| Finance and insurance services | 52,229 | 58,567 | 12.1 |
| Property and business services(c) | 87,144 | 99,153 | 13.8 |
| Government administration and defence | 29,740 | 33,521 | 12.7 |
| Education | 34,919 | 36,987 | 5.9 |
| Health and community services | 43,474 | 51,793 | 19.1 |
| Cultural and recreational services | 9,898 | 11,736 | 18.6 |
| Personal and other services | 13,778 | 15,033 | 9.1 |
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(a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition.
(b) Volume measures. Reference year is 2003-04.
(c) Excludes ownership of dwellings. |
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| Source: Australian System of National Accounts (5204.0). |
Average annual total employment in the service industries in 2005-06 was 7,530,600 people (table 20.2), which represented 75% of all employment.
The largest employing service industry was Retail trade, with average annual employment in 2005-06 of 1,499,600 people, accounting for 20% of total employment in the services sector. Other large employing industries were Property and business services (1,196,300 people), Health and community services (1,045,400 people), and Education (720,400 people).
In the period 2001-02 to 2005-06, average annual employment in the service industries increased by 755,600 people or 11%, representing an average annual growth rate of 2.7%. The strongest average annual employment growth occurred in Cultural and recreational services (4.3% per year). The largest increase in employed persons occurred in Property and business services (160,600), followed by Health and community services (136,100).
20.2 SERVICE INDUSTRIES(a), Employment(b) |
|
| 2001-02 | 2005-06 | Average annual
growth from
2001-02 to
2005-06 |
| '000 | '000 | % |
|
| Wholesale trade | 431.7 | 436.2 | 0.3 |
| Retail trade | 1,377.8 | 1,499.6 | 2.1 |
| Accommodation, cafes and restaurants | 459.3 | 480.6 | 1.1 |
| Transport and storage | 412.9 | 461.4 | 2.8 |
| Communication services | 167.7 | 183.2 | 2.2 |
| Finance and insurance | 346.3 | 374.2 | 2.0 |
| Property and business services | 1,035.7 | 1,196.3 | 3.7 |
| Government administration and defence | 394.1 | 461.0 | 4.0 |
| Education | 645.7 | 720.4 | 2.8 |
| Health and community services | 909.3 | 1,045.4 | 3.5 |
| Cultural and recreational services | 232.0 | 274.7 | 4.3 |
| Personal and other services | 362.6 | 397.6 | 2.3 |
| Total | 6,775.0 | 7,530.6 | 2.7 |
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(a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition.
(b) Annual average of quarterly data. |
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| Source: Labour Force, Australia, Detailed - Electronic Delivery (6291.0.55.003). |
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