7123.5.55.001 - Agricultural State Profile, Western Australia, 2004-05  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/10/2006   
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Contents >> Agriculture >> Agriculture and the economy

The contribution of agriculture to the Western Australian economy can be measured in a number of ways. The most direct measurement available is the gross value of agricultural production, which is the value placed on recorded production at wholesale prices realised in the market place. In 2004-05, the gross value of agricultural production for Western Australia was $5.1 billion.

Other measures of the contribution of agriculture to the economy include:

  • gross farm product (GFP), which is a measure of the value added in production by farm businesses. In 2004-05, the GFP for Western Australia was calculated to be $3.3 billion, or 3.3% of gross state product;
  • the value of exports of agricultural commodities from Western Australia (i.e. export products sourced from the agriculture industry), which was $2.8 billion in 2005-06.

GROSS FARM PRODUCT, Western Australia
2000-01
2001-02
2002-03
2003-04
2004-05
Gross Farm Product (GFP) ($m)r
2,111
3,091
2,215
3,759
3,323
Gross State Product (GSP) ($m)r
74,906
79,400
85,470
92,339
100,900
GFP as % of GSP
2.8
3.9
2.6
4.1
3.3
r revised since previous issue
Source: Australian National Accounts: State Accounts (cat. no. 5220.0).



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