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Table 19.1 shows that the total volume of production (gross value added) of the manufacturing industry in chain volume terms (measuring 'real' output unaffected by price change) has increased steadily from 1993-94 to 1999-2000. Manufacturing gross value added (its contribution to GDP) has increased by 15% over the past five years, 19% over the past 10 years and 40% over the past 20 years. However, in percentage terms manufacturing's contribution to GDP has been trending down for some years, and has declined by 1.3 percentage points of GDP since 1993-94.
Over the period 1993-94 to 1999-2000, gross value added rose in seven of the nine manufacturing subdivisions, with the largest growth being recorded in Machinery and equipment manufacturing (up 35%), Wood and paper product manufacturing (up 25%) and Printing, publishing and recorded media (up 24%). Production levels declined over the same period in only Textile, clothing, footwear and leather manufacturing (down 19%) and Non-metallic mineral product manufacturing (down 11%).
19.1 MANUFACTURING GROSS VALUE ADDED, Chain Volume Measures(a) by Industry Subdivision and Contribution to GDP
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| Industry subdivision | 1993-94
$m | 1994-95
$m | 1995-96
$m | 1996-97
$m | 1997-98
$m | 1998-99
$m | 1999-2000
$m |
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| Food, beverage and tobacco manufacturing | 12,129 | 12,257 | 12,600 | 12,815 | 13,452 | 14,109 | 14,775 |
| Textile, clothing, footwear and leather manufacturing | 3,453 | 3,373 | 3,186 | 3,167 | 3,211 | 3,257 | 2,808 |
| Wood and paper product manufacturing | 4,554 | 4,688 | 4,733 | 4,849 | 4,904 | 5,075 | 5,689 |
| Printing, publishing and recorded media | 5,745 | 6,049 | 6,144 | 6,237 | 6,412 | 6,719 | 7,104 |
| Petroleum, coal, chemical and associated product manufacturing | 9,090 | 9,366 | 9,903 | 10,110 | 10,267 | 10,679 | 10,802 |
| Non-metallic mineral product manufacturing | 3,045 | 3,044 | 3,820 | 2,821 | 2,867 | 3,122 | 2,716 |
| Metal product manufacturing | 11,899 | 11,720 | 12,016 | 12,414 | 12,917 | 13,482 | 12,842 |
| Machinery and equipment manufacturing | 12,741 | 13,539 | 14,123 | 14,494 | 14,935 | 15,326 | 17,200 |
| Other manufacturing | 2,462 | 2,488 | 2,461 | 2,553 | 2,677 | 2,687 | 2,598 |
| Total manufacturing(b) | 65,258 | 66,644 | 68,022 | 69,489 | 71,671 | 74,460 | 76,533 |
| Contribution to GDP(c) (%) | 14.6 | 14.4 | 14.1 | 13.8 | 13.6 | 13.5 | 13.3 |
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(a) Reference year for these chain volume measures is 1998-99.
(b) Chain volume measures are not additive for most periods; the component measures do not sum to a total in the same way as the corresponding current price components do.
(c) Strictly gross value added at basic prices, chain volume measures.
Source: Australian System of National Accounts (5206.0). |
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