1301.0 - Year Book Australia, 2002
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/01/2002
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The service industries sector is the largest component of the Australian economy in terms of number of businesses, employment and gross value added.
Although the service industry sector accounted for two-thirds of the gross value for all industries, the goods producing industries sector showed the greatest increase in output in chain volume terms (measuring 'real' output unaffected by price change), with an increase of 21% compared to 16% in the service industries sector over the period from 1994-95 to 1999-2000 (table 21.2). This resulted in a decrease in the service industries' share of total output, from 67.2% in 1994-95 to 62.8% in 1999-2000.
The largest contributor to the service industry sector in 1999-2000 was the property and business services industry, which accounted for 22% of the gross value added of the service industries sector and 14% of the gross value added of all industries. The next largest within the service industries sector was finance and insurance services, which accounted for 13% of the gross value added of the sector. In the five year period 1994-95 to 1999-2000, goods producing industries' gross value added increased, on average, by 17% per year in real terms. In contrast, the gross value added of the services industries increased by an annual rate of 6%. Strong growth was recorded in both the goods producing and service industries sectors, with the communication services industry recording the largest percentage increase in output in the five year period, an increase of 69% in real terms, the equivalent of an annual growth rate of 11%. The next highest growth rate was recorded in the goods producing industries by the agriculture industry, with a 51% increase in output over the five year period, an annual growth rate of nearly 9%. The lowest growth in real terms As table 21.3 shows, in terms of employment the service industries sector is dominant, accounting for 73% of total employment for all industries in 1999-2000. Total employment in the service industries sector in 1999-2000 was 6,497,800 persons.
In the five year period from 1994-95, employment in the service industries increased by 721,600 persons or 13%, representing an annual growth rate of 2%. In the same period the goods producing industries recorded an increase in employment of 107,400 persons. This represented an increase of 5%, an average annual growth rate of just under 0.9%. Within the service industries, the major employing industry was retail trade with employment in 1999-2000 of 1,324,600 persons, accounting for 15% of all employment and 20% of employment in the service industries sector. Other large employing service industries were property and business services (988,700 persons), health and community services (828,100 persons), and education (609,300 persons). The industries showing the greatest employment growth in the five year period since 1994-95 were property and business services, with a 32% increase from 749,800 persons to 988,700 persons, personal and other services with an increase of 16% in the period, and health and community services with an increase of 15%. In contrast, employment in the government administration and defence sector fell by 3% over this period.
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