SERVICE INDUSTRIES SECTOR
The contribution of an industry to the overall production of goods and services in an economy, gross domestic product (GDP), is measured by gross value added (GVA). Information on the relationship between industry GVA and GDP is provided in the Industry structure and performance chapter.
In 2007-08 the largest services-producing industry, in terms of industry GVA was the Property and business services industry, which accounted for 12% of GDP, followed by the Finance and insurance services industry (7%).
The Communication services industry recorded the largest percentage increase in GVA over the period 2003-04 to 2007-08 (30%), or an average annual growth rate of 7% per year (in volume terms). The next largest average annual growth rate over the period was recorded by Finance and insurance services (6%) and Transport and storage (5%). The smallest growth rate in industry GVA was that of the Education industry, with an average annual increase of 1% over the four-year period (table 22.1).
22.1 SERVICE INDUSTRIES(a), Gross value added(b) |
|
 | 2003-04 | 2007-08 | Average annual growth from 2003-04 to 2007-08 |
| $m | $m | % |
|
| Wholesale trade | 43 861 | 49 013 | 2.8 |
| Retail trade | 51 506 | 58 932 | 3.4 |
| Accommodation, cafes and restaurants | 18 568 | 20 529 | 2.5 |
| Transport and storage | 42 221 | 51 294 | 5.0 |
| Communication services | 20 336 | 26 377 | 6.7 |
| Finance and insurance services | 64 377 | 80 270 | 5.7 |
| Property and business services(c) | 117 175 | 131 907 | 3.0 |
| Government administration and defence | 36 607 | 40 708 | 2.7 |
| Education | 41 380 | 43 681 | 1.4 |
| Health and community services | 55 193 | 64 758 | 4.1 |
| Cultural and recreational services | 13 574 | 16 120 | 4.4 |
| Personal and other services | 17 441 | 19 848 | 3.3 |
|
| (a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 Edition. |
| (b) Volume measures. Reference year is 2006-07. |
| (c) Excludes ownership of dwellings. |
| Source: ABS Australian System of National Accounts (5204.0). |
Average annual total employment in the service industries in 2008-09 was 8,103,000 people (table 22.2), which represented 75% of all employment.
The largest employing service industry was Retail trade, with average annual employment in 2008-09 of 1,208,000 people, accounting for 15% of total employment in the services sector. Other large employing industries were Health care and social assistance (1,141,000 people), Education and training (801,000 people), and Professional, scientific and technical services (777,000 people).
Between 2007-08 and 2008-09 Transport, postal and warehousing employment increased by 39,000 people or 7%, followed by Public administration and safety employment (an increase of 37,000 people or 6%) and Health care and social assistance (45,000 people or 4%). The greatest decrease in total employed persons occurred in Rental, hiring and real estate services, with a fall of 6,000 people or 3%.
22.2 SERVICE INDUSTRIES(a), Employment(b) |
|
| 2007-08 | 2008-09 | Change 2007-08 to 2008-09 |
| '000 | '000 | % |
|
| Wholesale trade | 391 | 401 | 2.5 |
| Retail trade | 1 229 | 1 208 | -1.7 |
| Accommodation and food services | 704 | 711 | 1.0 |
| Transport, postal and warehousing | 551 | 590 | 7.1 |
| Information media and telecommunications | 229 | 223 | -2.6 |
| Financial and insurance services | 403 | 396 | -1.8 |
| Rental, hiring and real estate services | 199 | 193 | -3.1 |
| Professional, scientific and technical services | 781 | 777 | -0.6 |
| Administrative and support services | 349 | 344 | -1.5 |
| Public administration and safety | 632 | 669 | 5.8 |
| Education and training | 793 | 801 | 1.1 |
| Health care and social assistance | 1 096 | 1 141 | 4.1 |
| Arts and recreation services | 194 | 200 | 3.0 |
| Other services | 462 | 449 | -2.7 |
| Total | 8 013 | 8 103 | 1.1 |
|
| (a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 Edition. |
| (b) Annual average of quarterly data. |
| Source: ABS Labour Force, Australia, Detailed, Quarterly (6291.0.55.003). |
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