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SECTION 4 STATE ACCOUNTS




State Final Demand

• In seasonally adjusted terms, Western Australia's state final demand grew 0.6% in the December quarter 2008.
• Growth in final consumption expenditure for the quarter was minimal for general government and slightly down for households but was stronger for private gross fixed capital formation (up 1.7% seasonally adjusted).

11 COMPONENTS OF STATE FINAL DEMAND, Chain volume measures(a)
		2007	2008		Percentage change
		December	September	December	Previous quarter	Same quarter previous year
		$m	$m	$m	%	%
TREND
Final consumption expenditure
	General government	4 303	4 392	4 407	0.3	2.4
	Households	15 029	15 375	15 469	0.6	2.9
	Total final consumption expenditure	19 332	19 767	19 876	0.6	2.8
Private gross fixed capital formation		12 573	13 669	13 865	1.4	10.3
Public gross fixed capital formation		np	np	np	np	np
State final demand		33 241	34 865	35 211	1.0	5.9
SEASONALLY ADJUSTED
Final consumption expenditure
	General government	4 323	4 399	4 405	0.1	1.9
	Households	15 027	15 466	15 439	-0.2	2.7
	Total final consumption expenditure	19 350	19 865	19 844	-0.1	2.6
Private gross fixed capital formation		12 460	13 555	13 786	1.7	10.6
Public gross fixed capital formation		1 339	1 453	1 453	-	8.5
State final demand		33 150	34 873	35 083	0.6	5.8
- nil or rounded to zero (including null cells)
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Reference year for chain volume measures is 2006-07.
Source: Australian National Accounts: National Income, Expenditure and Product, cat. no. 5206.0.

• Western Australia's state final demand (trend chain volume measures) rose 1.0% to just over $35 billion in the December quarter 2008 following 1.4% growth in the previous quarter. Nationally, domestic final demand grew 0.3% in the December quarter 2008.
• Growth in the December quarter was second highest amongst the states and territories, with Northern Territory having the highest growth of 1.8%.

STATE FINAL DEMAND, Chain volume measures - Change from previous quarter