Gross operating surplus and gross mixed income
21.60 Gross operating surplus (GOS) is the surplus accruing from the production of enterprises, and from the ownership of dwellings. For the general government sector, GOS is equal to the consumption of fixed capital.
21.61 Gross mixed income (GMI) is the surplus accruing from the production of unincorporated enterprises. State level GOS and GMI estimates are then published by industry in an aggregated form as gross operating surplus and mixed income (GOSMI).
21.62 State by industry estimates of GOS and GMI are only calculated annually. There are no quarterly estimates for GOS or GMI by state
Gross operating surplus
21.63 Annual state by industry splits of GOS are produced using a top-down approach. National industry estimates of GOS by sector are apportioned across states and territories using relevant indicators. The state by industry indicators used to split the national benchmarks differ by industry and are determined by sector.
21.64 State by sector splits of GOS are calculated for each industry division and then aggregated to produce total state GOS by industry.
Annual state by industry private non-financial corporations GOS
21.65 Indicators of private sector GOS are predominantly based on state by industry division sales data from the Economic Activity Survey (EAS). Other data are used as indicators where they are more relevant or where EAS is not available.
21.66 The following tables provide additional detail on the method and data sources used to estimate private sector state GOS by industry:
Item | Comment | |
---|---|---|
Method | ||
| National private non-financial corporation GOS is apportioned across states and territories by industry using relevant output indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year | ||
Sales data from the Quarterly Business Indicators Survey (QBIS) is used to extrapolate forward EAS sales estimates. Those extrapolated values are used to apportion national GOS across states and territories by industry. | ||
2006-07 to reference year | ||
| Sales data from the Economic Activity Survey (EAS) is used to apportion national GOS across states and territories by industry. | |
Prior to 2006-07 | ||
| For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast EAS data from 2006-07. Those backcasted values are then used to apportion national GOS across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| National Agriculture, Forestry and Fishing GOS is apportioned across states and territories using relevant output indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year | ||
Industry output data (see calculation of Agriculture, Forestry and Fishing gross value added by state) is used to extrapolate forward EAS sales data and derive state output indicators which are used to apportion national GOS across states and territories. | ||
2006-07 to previous year | ||
| Sales data from the Economic Activity Survey (EAS) is used to apportion national GOS across states and territories. | |
Prior to 2006-07 | ||
| For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast EAS data from 2006-07. Those backcasted values are used to apportion national GOS across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| National Mining GOS is apportioned across states and territories using relevant output indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
All years | ||
Industry output data (see the calculation of Mining gross value added by state) is used to apportion national GOS across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| National Construction GOS is apportioned across states and territories using relevant output indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
2006-07 to current year | ||
Estimates of the value of work done (see the calculation of construction related gross fixed capital formation) are used to apportion national GOS across states and territories. | ||
Prior to 2006-07 | ||
| For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast value of construction work done from 2006-07. Those backcasted values are then used to apportion national GOS across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| Retail Trade estimates of private non-financial corporations GOS are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
All years | ||
Turnover data from the Retail Trade Survey is used to apportion national GOS across states and territories |
Item | Comment | |
---|---|---|
Method | ||
| National GOS by industry are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year | ||
Population estimates are used to extrapolate forward EAS sales data. Those extrapolated values are used to apportion national GOS across states and territories. | ||
2006-07 to previous year | ||
Sales data from the Economic Activity Survey (EAS) is used to apportion national GOS across states and territories. | ||
Prior to 2006-07 | ||
For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast EAS data backwards from 2006-07. Those backcasted values are then used to apportion national GOS across states and territories. |
Annual state by industry public non-financial corporation GOS
21.67 Public non-financial corporations (PNFC) GOS is estimated based on GOS data collected in Government Finance Statistics.
21.68 The following table provides additional detail on the method and data sources used to estimate public non-financial corporations GOS by state:
Item | Comment | |
---|---|---|
Method | ||
| Public non-financial corporations GOS estimates by industry division are apportioned across states and territories using GOS indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state GOS indicator}}{\text{national GOS indicator}}\right)} \) | |
GOS indicator | ||
State and local PNFC | ||
| State and local public non-financial corporations GOS data is sourced from Government Finance Statistics (GFS). | |
Commonwealth PNFC | ||
Commonwealth public non-financial corporations GOS data is apportioned across states and territories using estimates of resident population. | ||
Total PNFC | ||
The PNFC GOS indicators for each level of government are aggregated to produce a total PNFC GOS indicator by industry. |
Annual state by industry general government GOS
21.69 General government GOS is equal to consumption of fixed capital (COFC) of general government assets. General government GOS is estimated by industry division and is apportioned across states and territories using COFC estimates derived from the state capital stock model. For the current year, population estimates are used to extrapolate forward estimates of COFC
21.70 The following table provides additional detail on the method and data sources used to estimate general government GOS by state:
Item | Comment | |
---|---|---|
Method | ||
| General government GOS estimates by industry division are apportioned across states and territories using consumption of fixed capital (COFC) indicators: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state COFC indicator}}{\text{national COFC indicator}}\right)} \) | |
COFC indicator | ||
Current year | ||
Population estimates are used to extrapolate forward estimates of consumption of fixed capital. The resulting values are then used to apportion national general government GOS across states and territories. | ||
Prior to the current year | ||
For values prior to the current year, estimates of consumption of fixed capital from the state capital stock model are used to apportion national GOS across states and territories. |
Annual state financial and insurance services GOS
21.71 Financial and Insurance Services GOS is estimated using a top-down approach. National GOS for each subdivision is apportioned across states and territories using estimates of hours worked from the Labour force Survey. GOS by subdivision estimates are then aggregated to produce Financial and Insurance Services GOS by state.
21.72 The following table provides additional detail on the method and data sources used to estimate subdivision GOS by state:
Item | Comment | |
---|---|---|
Method | ||
| Financial and Insurance Services GOS for each state and territory is calculated by summing estimates of GOS by industry subdivision. National industry subdivision estimates are apportioned across states and territories according to number of hours worked: \(\large state \space GOS_{Div. K}= \sum \limits _{n=Subdiv} \Big( national \space GOS_n × (\frac{state \space hours \space worked_n}{national \space hours \space worked_n})\big)\) | |
Hours worked indicator | ||
All years | ||
| Estimates of the number of hours worked, collected in the Labour Force Survey, are used to apportion national subdivision GOS across states and territories. |
Annual ownership of dwellings GOS by state
21.73 Ownership of dwellings GOS for the household sector is estimated using a bottom-up approach but is derived residually from ownership of dwellings output.
21.74 For the other sectors, ownership of dwellings GOS is estimated using a top-down approach. National estimates of GOS are apportioned across states and territories using estimates of consumption of fixed capital derived from the state capital stock model. For the current year, population estimates are used to extrapolate forward estimates of COFC.
21.75 The following tables provide additional detail on the method and data sources used to estimate ownership of dwellings GOS by state and territory:
Item | Comment | |
---|---|---|
Method | ||
| Ownership of dwellings GOS is derived as follows: GOS=output | |
Output | ||
| Ownership of dwellings output is equivalent to the estimate of household final consumption expenditure on imputed and actual dwelling rent which is compiled for each state and territory. The data sources and methods used to compile state estimates of | |
Intermediate use | ||
| Intermediate use related to ownership of dwellings includes:
Most of these expenses are apportioned across states and territories from national totals using a combination of data sources, including:
| |
Other taxes less subsidies on production and imports | ||
| Other taxes less subsidies are derived largely from GFS data, relating mainly to rates and land taxes and public housing subsidies. Other taxes less subsidies on production and imports relating to state and local governments are allocated directly to the state in which they are collected or paid. |
Item | Comment | |
---|---|---|
Method | ||
| Ownership of dwellings GOS estimates are apportioned across states and territories using consumption of fixed capital (COFC) indicators by sector: \(\large{ \text {state GOS} = \text{national GOS} \times \left(\frac{\text{state COFC indicator}}{\text{national COFC indicator}}\right)} \) | |
COFC indicator | ||
Current year | ||
Population estimates are used to extrapolate forward estimates of consumption of fixed capital to derive a state indicator which is used to national GOS across states and territories. | ||
Prior to the current year | ||
For values prior to the current year, estimates of consumption of fixed capital from the state capital stock model are used to apportion national GOS across states and territories. |
Gross mixed income
21.76 Annual state by industry splits of GMI are produced using a top-down approach. National industry estimates of GMI are apportioned across states and territories using relevant indicators.
21.77 The following tables detail the method and data sources used to estimate state by industry division GMI.
Item | Comment |
---|---|
Method | |
| Estimates of farm GMI are apportioned across states and territories using an output indicator calculated residually from Agriculture, Forestry and Fishing (AFF) gross value added: \(\large{ \text {state GMI} = \text{national GMI} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) |
Output indicator | |
| The farm GMI output indicator is derived as follows: Indicator = AFF gross value added - AFF wages and salaries - AFF gross operating surplus - AFF other taxes less subsidies on production |
Item | Comment | |
---|---|---|
Method | ||
| Estimates of non-farm GMI in the Agriculture, Forestry and Fishing industry division are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GMI} = \text{national GMI} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
All years | ||
| Forestry and Fishing output data, derived in the calculation of gross value added, is used to apportion national GMI across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| For the industry divisions listed above, estimates of GMI are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GMI} = \text{national GMI} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year | ||
| Sales data from the Quarterly Business Indicators Survey (QBIS) is used to extrapolate forward EAS sales data. Those extrapolated values are used to apportion national GMI across states and territories. | |
2006-07 to reference year | ||
| Sales data from the Economic Activity Survey (EAS) is used to apportion national GMI across states and territories. | |
Prior to 2006-07 | ||
| For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast EAS data from 2006-07. Those backcasted values are then used to apportion national GMI across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| Estimates of Construction GMI are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GMI} = \text{national GMI} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year | ||
| Values of work done from the Building Activity Survey are used to extrapolate forward EAS sales data. Those extrapolated values are used to apportion national GMI across states and territories. | |
2006-07 to reference year | ||
| Sales data from the Economic Activity Survey (EAS) is used to apportion national GMI across states and territories. | |
Prior to 2006-07 | ||
| For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast EAS data from 2006-07. Those backcasted values are then used to apportion national GMI across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| Estimates of Retail Trade GMI are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GMI} = \text{national GMI} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year to 2006-07 | ||
| Turnover data from the Retail Trade Survey is used to apportion national GMI across states and territories. | |
Prior to 2006-07 | ||
| For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast Retail Trade Survey turnover data from 2006-07. Those backcasted values are then used to apportion national GMI across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| Estimates of Accommodation and Food Services GMI are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GMI} = \text{national GMI} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year to 2006-07 | ||
| Estimates of household final consumption expenditure (HFCE) on hotels, cafes and restaurants are used to apportion national GMI across states and territories. | |
Prior to 2006-07 | ||
For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast HFCE on hotels, cafes and restaurants from 2006-07. Those backcasted values are then used to apportion national GMI across states and territories. |
Item | Comment | |
---|---|---|
Method | ||
| For the industry divisions listed above, estimates of GMI are apportioned across states and territories using relevant output indicators: \(\large{ \text {state GMI} = \text{national GMI} \times \left(\frac{\text{state output indicator}}{\text{national output indicator}}\right)} \) | |
Output indicator | ||
Current year | ||
| Estimates of household final consumption expenditure (HFCE) by relevant spending categories are used to extrapolate forward sales data from the Economic Activity Survey. Those extrapolated values are used to apportion national GMI across states and territories. | |
2006-07 to previous year | ||
| Sales data from the Economic Activity Survey (EAS) is used to apportion national GMI across states and territories. | |
Prior to 2006-07 | ||
| For values prior to 2006-07, output indicators were estimated consistent with the source data and methods outlined in the 2015 version of this Concepts, Source and Methods publication. Those output indicators are used to backcast EAS data from 2006-07. Those backcasted values are then used to apportion national GMI across states and territories. |