The I-O compilation process

Data are compiled at the IOPC level. For details on the sources and methods used to compile finance and insurance and superannuation funds output data see Table 9.21 ANNUAL GROSS VALUE ADDED BY INDUSTRY—Finance services, subdivision 62 and Table 9.22 ANNUAL GROSS VALUE ADDED BY INDUSTRY—Insurance and superannuation funds, subdivision 63.

Any adjustments made during the S-U balancing process are split back to IOPCs based on the original IOPC proportions.

Government Finance Statistics data classified by purpose and tax type are mapped to the I-O level using historical weights and other observed taxation statistics data. Data are compiled at the IOPC level and aggregated to SUPC for SU tables.

Taxes are not adjusted during the S-U balancing process.

HFCE data are compiled according to the Classification of Individual Consumption by Purpose and is disaggregated to IOPC level based on balanced S-U table and previous year’s I-O table.

Any adjustments made through the S-U balancing process are applied to the appropriate IOPC based on the intelligence for the decision. If detailed information is not known, it is allocated based on previously balanced I-O tables.

GFCE data are compiled according to the Classification of the Functions of Government - Australia , which is mapped to IOPC using historical input-output weights and aggregated for the S-U tables.

Any adjustments made during the S-U balancing process are applied to the appropriate IOPC based on the intelligence for the decision. If detailed information is not known, it is allocated based on previous I-O tables.

GFCF data are compiled according to asset type by sector. With the exception of machinery and equipment, all asset types align with the IOPC. Machinery and equipment is disaggregated to the IOPC level based on previous years’ I-O tables, and converted into current-year prices using price indexes.

Any adjustments applied during the balancing process are based on an informed assessment of how and why the imbalance has occurred. In cases where the required level of detail cannot be sourced, the allocation is based on previously-balanced I-O tables or the original proportions of the correspondence.

International trade data is mapped to the IOPC using the Australian Harmonised Export Commodity Classification (AHECC to IOPC correspondence). Further adjustments based on Balance of Payments data are made to the relevant IOPCs where appropriate.

Further adjustments at the IOPC level may be required for product and industry balancing purposes. All such adjustments are offset to ensure that total exports remain unchanged.

International Trade data is mapped to the IOPC using the Harmonised Tariff Item Statistical Classification (HTISC to IOPC correspondence). Further adjustments based on Balance of Payments data are made to the relevant IOPCs where appropriate.

Further adjustments at the IOPC level may be required for product and industry balancing purposes. All such adjustments are offset to ensure that total imports remain unchanged.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG level based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs using IOIG proportions when originally compiled.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs using the output proportions.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during the S-U Table balancing process are allocated to IOIGs using IOIG proportions from when originally compiled.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during the S-U Table balancing process are allocated to IOIGs using IOIG proportions from when originally compiled.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during the S-U Table balancing process are allocated to IOIGs using IOIG proportions from when originally compiled.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during the S-U Table balancing process are allocated to IOIGs using IOIG proportions from when originally compiled.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

There is a one-to-one mapping between the IOIG and SUIC for this industry. This means that movements at the IOIG level are consistent with those in the S-U table benchmarks.

Tables 11.1 and 11.2 provide details on the sources and methods used to compile COE for financial corporations.

For SUIC 620 Finance and SUIC 630 Insurance and Superannuation Funds, GOS is compiled from source data at IOIG level.

For SUIC 640 Auxiliary Finance and Insurance Services, GOS is derived as a residual item from EAS data, also at the IOIG level.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC Division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations and unincorporated enterprises during S-U Table balancing process are allocated to IOIGs using IOIG proportions when originally compiled.

For SUIC 750 Government administration and regulatory services and 770 Public Order and Safety, data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Government data are received at the ANZSIC division level and are disaggregated between these two IOIGs using their proportions of general government output.

For SUIC 760 Defence, defence wages and salaries are mapped directly to this IOIG.

Other data received or calculated at an ANZSIC division level (e.g. payment in kind and Fringe Benefits Tax) are disaggregated to IOIG level using either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

General government GOS is equivalent to the value of consumption of fixed capital on general government assets as derived in the Perpetual Inventory Method.

This division contains minimal private non-financial corporations GOS. It is derived directly from EAS ANZSIC class-level data.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus/Gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs directly as SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

Gross operating surplus (GOS) and gross mixed income is taken from 5204.0 (Total Factor Income by Industry and principal components – Current prices) at division level. General Government GOS is subtracted from the division level GOS/GMI to derive private GOS/GMI for the division. Private GOS/GMI for the division is then split by ratios based on the General Government GOS at IOIG level

Any adjustments made to GOS private during S-U Table balancing are allocated to IOIGs using IOIG proportions when originally compiled.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

For the Arts and recreation services division (except Gambling), gross operating surplus/gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

For IOIG 9201 Gambling, gross operating surplus (GOS) and gross mixed income (GMI) is taken from 5204.0 (Total Factor Income by industry and principal components - Current prices) at division level. General Government GOS is subtracted from this to derive private GOS/GMI for the division. Private GOS/GMI by IOIG is then calculated from the division total using supply ratios.

Any adjustments made to GOS/GMI for private non-financial corporations and unincorporated enterprises during S-U Table balancing process are allocated to IOIGs automatically as the SUICs and IOIGs have a one-to-one relationship.

Data from the EAS are received at ANZSIC class level and then aggregated to IOIG. Data received at the ANZSIC division level (e.g. government data, payment in kind and fringe benefits tax) are disaggregated to IOIG level using proportions based on either general government output or EAS wages data as appropriate. Data are combined at the IOIG level initially and subsequently aggregated to SUIC.

Any adjustments made during the S-U balancing process are disaggregated to the relevant IOIG based on industry evidence.

For SUIC 940 Repair and Maintenance, gross operating surplus/gross mixed income (GOS/GMI) is derived differently depending on the sector. For the private non-financial corporations sector and unincorporated enterprises GOS/GMI is derived from the EAS data as a residual. GOS for NPISH units and general government units is equivalent to consumption of fixed capital.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for the private non-financial corporations sector during S-U Table balancing process are allocated to IOIGs using IOIG proportions when originally compiled.

For SUIC 950 Personal and Other Services, GOS for private non-financial corporations is compiled at SUIC level from EAS and COFC data, and disaggregated to IOIGs using historic weights.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

Any adjustments made to GOS/GMI for private non-financial corporations and unincorporated enterprises during S-U Table balancing process are allocated to IOIGs using IOIG proportions when originally compiled.

GOS is derived as a residual at the IOIG level.

For more detail on the derivation of GOS/GMI refer to tables 11.5 to 11.10.

This S-U Industry and IOIG have a one-to-one relationship therefore any adjustments made to GOS during S-U Table balancing process are allocated to the IOIG automatically.