SERVICE INDUSTRIES SECTOR
The contribution of an industry to the overall production of goods and services in an economy, gross domestic product (GDP), is measured by gross value added (GVA). Information on the relationship between industry GVA and GDP is provided in the Industry structure and performance chapter.
In 2005-06 the largest services-producing industry, in terms of industry GVA (in current prices) was the Property and business services industry, which accounted for 11.4% of GDP, followed by the Finance and insurance services industry (7.1%).
The Communication services industry recorded the largest percentage increase in GVA over the period 2001-02 to 2005-06 (25%), or an average annual growth rate of 5.8% per year (in volume terms). The next largest average annual growth rate over the period was recorded by Transport and storage (4.7%) and Cultural and recreational services (4.5%). The smallest growth rate in industry GVA was that of the Education industry, with an average annual increase of 1.5% over the four-year period (table 22.1).
22.1 SERVICE INDUSTRIES(a), Gross value added(b) |
|  |
| 2001-02 | 2005-06 | Average annual growth from 2001-02 to 2005-06 | |
| $m | $m | % | |
| |
| Wholesale trade | 38 433 | 44 886 | 4.0 | |
| Retail trade | 45 921 | 53 242 | 3.8 | |
| Accommodation, cafes and restaurants | 17 158 | 20 204 | 4.2 | |
| Transport and storage | 34 947 | 42 037 | 4.7 | |
| Communication services | 20 230 | 25 331 | 5.8 | |
| Finance and insurance services | 57 144 | 65 883 | 3.6 | |
| Property and business services(c) | 96 518 | 108 434 | 3.0 | |
| Government administration and defence | 33 087 | 35 195 | 1.6 | |
| Education | 36 315 | 38 556 | 1.5 | |
| Health and community services | 47 008 | 55 455 | 4.2 | |
| Cultural and recreational services | 11 309 | 13 506 | 4.5 | |
| Personal and other services | 15 973 | 17 686 | 2.6 | |
| |
| (a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition. |
| (b) Volume measures. Reference year is 2004-05. |
| (c) Excludes ownership of dwellings. |
| Source: Australian System of National Accounts (5204.0). |
Average annual total employment in the service industries in 2006-07 was 7,724,600 people (table 22.2), which represented 75% of all employment.
The largest employing service industry was Retail trade, with average annual employment in 2006-07 of 1,492,500 people, accounting for 19% of total employment in the services sector. Other large employing industries were Property and business services (1,238,800 people), Health and community services (1,078,000 people), and Education (718,600 people).
Over the period 2002-03 to 2006-07, average annual total employment in the service industries increased by 722,700 people or 10%, representing an average annual growth rate of 2.5% per year. The strongest average annual employment growth during the four-year period occurred in the Cultural and recreational services industry (4.0% per year). The largest increase in total employed persons occurred in Property and business services (155,200 people), followed by Health and community services (139,300 people).
22.2 SERVICE INDUSTRIES(a), Employment(b) |
| |
| 2002-03 | 2006-07 | Average annual growth from 2002-03 to 2006-07 | |
| '000 | '000 | % | |
| |
| Wholesale trade | 444 | 470 | 1.4 | |
| Retail trade | 1 437 | 1 492 | 0.9 | |
| Accommodation, cafes and restaurants | 452 | 507 | 2.9 | |
| Transport and storage | 407 | 471 | 3.7 | |
| Communication services | 172 | 187 | 2.1 | |
| Finance and insurance | 348 | 397 | 3.3 | |
| Property and business services | 1 084 | 1 239 | 3.4 | |
| Government administration and defence | 433 | 488 | 3.1 | |
| Education | 667 | 719 | 1.9 | |
| Health and community services | 939 | 1 078 | 3.5 | |
| Cultural and recreational services | 240 | 281 | 4.0 | |
| Personal and other services | 380 | 397 | 1.1 | |
| Total | 7 002 | 7 725 | 2.5 | |
| |
| (a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 edition. |
| (b) Annual average of quarterly data. |
| Source: Labour Force, Australia, Detailed, Quarterly (6291.0.55.003). |
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