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Economic Analysis Division
2 September 2015
GROSS DOMESTIC PRODUCT & STATE FINAL
DEMAND, JUNE QUARTER 2015
Summary
CHART 1: GDP GROWTH
(REAL, SEASONALLY ADJUSTED)
6%
In the June quarter 2015:
0%
Quarterly growth
Further Analysis
Jun-15
Jun-14
Jun-13
Jun-12
Jun-11
Jun-10
Jun-09
Jun-08
-2%
Jun-07
Australian Real Gross Domestic
Income, which indicates the purchasing
power of total incomes generated by
Australian production, decreased by
0.4% in seasonally adjusted terms.
2%
Jun-05

South Australian State Final Demand
(SFD) fell 0.2% but was 0.8% higher
than a year earlier, in real seasonally
adjusted terms.
4%
Jun-06

Australian Gross Domestic Product
(GDP) rose 0.2% and was 2.0% higher
than a year earlier in real, seasonally
adjusted terms.
Real GDP grow th (seasonally adjusted, %)

Through the year growth
Quarter
Seasonally adjusted data
CHART 2: NON-FARM GDP GROWTH
(REAL, SEASONALLY ADJUSTED)
Australia’s non-farm GDP rose by 0.2% in the
June quarter to be 1.9% higher than a year ago
(see Chart 2).
Australian Domestic Final Demand (DFD) rose
by 0.8% in the June quarter 2015 to be 1.2%
higher than a year ago (see Chart 3)
Nationally, household consumption spending
rose by 0.5% in the June quarter, public
consumption rose by 2.2% and public capital
spending rose by 4.0% but new business
investment fell by 0.7% and dwelling investment
fell by 1.1%.
Through the year growth
Real non-farm GDP grow th (seasonally adjusted, %)
Farm GDP fell by 2.6% in the June quarter but
was 4.1% higher than a year ago.
6%
4%
2%
0%
Jun-15
Jun-14
Jun-13
Jun-12
Jun-11
Jun-10
Jun-09
Jun-08
Jun-07
Jun-06
Jun-05
Quarterly growth
-2%
Quarter
Next release of ABS cat. no. 5206.0 is 2 December 2015
1
Economic Analysis Division
2 September 2015
CHART 4: SOUTH AUSTRALIAN SFD GROWTH
(REAL, SEASONALLY ADJUSTED)
CHART 3: DFD GROWTH
(REAL, SEASONALLY ADJUSTED)
8%
9%
Through the year growth
Through the year growth
6%
Real SFD grow th (seasonally adjusted, %)
Real DFD grow th (seasonally adjusted, %)
6%
4%
2%
0%
3%
0%
-3%
Quarterly growth
Quarter
Jun-15
Jun-14
Jun-13
Jun-12
Jun-11
Jun-10
Jun-09
Jun-08
Jun-07
-6%
Jun-06
Jun-15
Jun-14
Jun-13
Jun-12
Jun-11
Jun-10
Jun-09
Jun-08
Jun-07
Jun-06
Jun-05
-2%
Jun-05
Quarterly growth
Quarter
South Australian State Final Demand (SFD) fell
by 0.2% during the June quarter 2015—see
Chart 4.
In South Australia, during the June quarter,
spending growth was recorded in public sector
capital investment (up 8.4%), public sector
consumption (up 1.9%) and household
consumption spending (up 0.8%). Declines in
spending were recorded in dwelling investment
(down 14%) and new private business
investment (down 5.0%).
Among the states, SFD rose in the June quarter
in Western Australia (up 1.5%), Victoria (up
0.9%), NSW (up 0.8%) and Tasmania (up 0.5%),
but declined in Queensland (down 0.8%) and
South Australia (down 0.2%).
TABLE 1: State Final Demand – Real, Seasonally
Adjusted
Jun qtr 15
Jun qtr 15
v Mar qtr 15
v Jun qtr 14
(% change)
(% change)
NSW
0.8
3.3
VIC
0.9
3.0
QLD
-0.8
-3.3
SA
-0.2
0.8
WA
1.5
-1.8
TAS
0.5
0.7
AUS
(DFD)
0.8
1.2
Next release of ABS cat. no. 5206.0 is 2 December 2015
2
Economic Analysis Division
2 September 2015
CHART 5: QUARTERLY PERCENTAGE POINT
CONTRIBUTIONS TO SFD/DFD GROWTH (REAL, SEASONALLY ADJUSTED)
TABLE 2: Expenditure Components of
SFD/DFD and GDP – Real, Seasonally Adjusted
Jun qtr 15
Real contribution to SFD/DFD grow th (seasonally adjusted, percentage point
contribution)
1.0
Jun qtr 15
SOUTH AUSTRALIA
AUSTRALIA
0.8
v Mar qtr 15
v Jun qtr 14
(% change)
(% change)
SA
AUS
SA
AUS
Household
Consumption
0.8
0.5
3.5
2.5
Government
Consumption
1.9
2.2
2.6
4.0
New Business
Investment
-5.0
-0.7
-7.4
-6.8
Dwelling
Investment
-13.8
-1.1
-5.0
7.4
Ownership
Transfer Costs
1.9
4.4
5.4
3.1
Public
Investment
8.4
4.0
-15.2
0.4
SFD/DFD
-0.2
0.8
0.8
1.2
Exports*
N/A
-3.3
N/A
4.5
Imports*
N/A
-0.7
N/A
-0.7
Explanatory Notes
GDP
N/A
0.2
N/A
2.0
Gross Domestic Product (GDP) is the total market value of
goods and services produced in Australia within a given
period. The state by state breakdown of this figure is Gross
State Product (GSP), however estimates of GSP growth are
only published annually.
*National data is for goods and services. State data is no
longer published in this release.
0.6
0.4
0.2
0.0
-0.2
-0.4
SFD
Public Investment
Ownership transfer costs
Dwelling Investment
New Business Investment
Household consumption
-0.8
Government Consumption
-0.6
Component
The main quarterly measure of state economic activity is
State Final Demand (SFD), which is an estimate of the level
of spending in the local economy by private and public
sectors. Spending is reported on the consumption of goods
and services, and capital investment.
Spending (SFD) is not the same as production (GDP). SFD
for example, includes spending by households and
businesses on imports, which are not produced (and do not
create jobs) in South Australia. SFD does not include South
Australia’s exports, which do get produced and create jobs
in the State.
Real Gross Domestic Income measures the purchasing
power of the production (GDP) occurring in Australia. It
takes into account the impacts of changes in Australia’s
terms of trade. GDP only measures the volume of goods
and services produced, mined and farmed in Australia. If
prices are rising for our exports this will lift our incomes. Real
GDP does not measure this, but real GDI does.
Next release of ABS cat. no. 5206.0 is 2 December 2015
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