1367.0 - State and Territory Statistical Indicators, 2012  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/06/2012  Final
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STATE FINAL DEMAND




In NT in the March quarter 2012:
  • The trend estimate (in volume terms) for state final demand increased 5.4% from the previous quarter, the highest growth for the NT since March 2009. Over the previous year, the trend estimate grew by 15.1%
  • The NT recorded the largest quarterly increase of all Australian states and territories. Tasmania was the only state or territory to record a decrease from the previous quarter (down 0.3%).


Graph Image for State Final Demand, quarterly change, NT

Source(s): Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0)


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How is economic growth rate measured in your state or territory?

State final demand is a measure of economic demand for products in the economy. It is an aggregate obtained by summing government final consumption expenditure, household final consumption expenditure, private gross fixed capital formation and the gross fixed capital formation of public corporations and general government. It is different from Gross State Product (GSP) as it excludes international and interstate trade as well as change in inventories.