1301.0 - Year Book Australia, 2003
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/01/2003
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Graph 18.1 shows that the total volume of production (measured in terms of industry gross value added) of the mining industry in chain volume terms (measuring 'real' output unaffected by price change) increased dramatically in 1987-88. Since then, production has continued to rise at an average rate of about 5% per year. Over the period 1994-95 to 2000-01, mining production increased by 32% (table 18.2). Despite this significant increase, the mining industry's contribution to GDP in percentage terms stayed much the same over the period, at about 5%. This was because the GDP for all industries excluding mining also increased over the period, by 27%. Production in the mining industry other than services to mining has been consistently high and increasing steadily over the years. It accounts for most of the increases in the production for the mining industry as a whole. Between 1994-95 and 2000-01, the production of mining other than services to mining increased by 34%, although its contribution to the mining industry remained around 93-95%. The contribution of services to mining, by its nature, has been small and very volatile. During the period 1994-95 to 2000-01, the production of services to mining varied from a low of $1,325m in 1999-2000 to a high of $1,856m in 1997-98.
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