INDUSTRY VALUE ADDED

A strong influence on national income is the production of goods and services. Production can increase if the factors of production – capital, labour and non-produced assets (such as land) – are built up or used more efficiently.

During the past decade, different industries have exhibited substantially different rates of value added growth. Broadly, many service industries showed stronger growth than goods-producing industries.

Industry gross value added (IGVA) is the total value of goods and services produced by an industry, after deducting the cost of goods and services used in the process of production. Among the industries showing strongest growth in IGVA (between 1998–99 and 2008–09) were Construction (averaging over 4.7% a year), Administrative and support services (4.5%), and Health care and social assistance (4.4%).

Industry	%
Agriculture, forestry and fishing	2.3
Mining	3.0
Manufacturing	0.8
Electricity, gas, water and waste services	1.5
Construction	4.7
Wholesale trade	3.0
Retail trade	4.2
Accommodation and food services	2.4
Transport, postal and warehousing	3.9
Information media and telecommunications	3.7
Financial and insurance services	4.3
Rental, hiring and real estate services	2.1
Professional, scientific and technical services	4.3
Administrative and support services	4.5
Public administration and safety	2.6
Education and training	1.7
Health care and social assistance	4.4
Arts and recreation services	4.1
Other services	2.0
Ownership of dwellings	3.7
Gross Domestic Product	3.2

RELATED PAGES

Previous Page | Next Page