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Economic and Commercial Division
2 December 2015
GROSS DOMESTIC PRODUCT & STATE FINAL
DEMAND, SEPTEMBER QUARTER 2015
Summary
CHART 1: GDP GROWTH
(REAL, SEASONALLY ADJUSTED)
6%
In the September quarter 2015:
0%
Quarterly growth
Further Analysis
Sep-15
Sep-14
Sep-13
Sep-12
Sep-11
Sep-10
Sep-09
Sep-08
-2%
Sep-07
Australian Real Gross Domestic
Income, which indicates the purchasing
power of total incomes generated by
Australian production, increased by
0.3% in seasonally adjusted terms.
2%
Sep-05

South Australian State Final Demand
(SFD) rose 0.1% and was 1.6% higher
than a year earlier, in real seasonally
adjusted terms.
4%
Sep-06

Australian Gross Domestic Product
(GDP) rose 0.9% and was 2.5% 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 1.0% in the
September quarter to be 2.6% higher than a
year ago (see Chart 2).
Australian Domestic Final Demand (DFD) fell by
0.5% in the September quarter 2015 (see
Chart 3). DFD was 0.8% higher than a year ago.
Nationally, household and public sector
consumption spending both rose by 0.7% in the
September quarter and dwelling investment rose
by 0.9% but new business investment fell by
4.6% and public sector capital spending fell by
9.2%.
Through the year growth
Real non-farm GDP grow th (seasonally adjusted, %)
Farm GDP fell by 3.2% in the September
quarter and was 1.3% lower than a year ago.
6%
4%
2%
0%
Quarterly growth
Sep-15
Sep-14
Sep-13
Sep-12
Sep-11
Sep-10
Sep-09
Sep-08
Sep-07
Sep-06
Sep-05
-2%
Quarter
Next release of ABS cat. no. 5206.0 is 2 March 2016
1
Economic and Commercial Division
2 December 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, %)
4%
2%
0%
3%
0%
-3%
Quarterly growth
Quarterly growth
Quarter
Sep-15
Sep-14
Sep-13
Sep-12
Sep-11
Sep-10
Sep-09
Sep-08
Sep-05
Sep-07
-6%
Sep-15
Sep-14
Sep-13
Sep-12
Sep-11
Sep-10
Sep-09
Sep-08
Sep-07
Sep-06
Sep-05
-2%
Sep-06
Real DFD grow th (seasonally adjusted, %)
6%
Quarter
South Australian State Final Demand (SFD) rose
by 0.1% during the September quarter 2015—
equal highest with Tasmania—see Chart 4.
In South Australia, during the September
quarter, spending growth was recorded in
dwelling investment (up 3.1%), public sector
consumption (up 1.0%), new private business
investment
(up
1.2%)
and
household
consumption spending (up 0.4%). A decline in
spending was recorded in public sector capital
investment (down 14%).
Among the states, SFD rose in the September
quarter in South Australia and Tasmania (both
up 0.1%), with Victoria unchanged in the quarter.
A decline in SFD was recorded for Western
Australia (down 1.3%), Queensland and NSW
(both down 0.2%).
TABLE 1: State Final Demand – Real, Seasonally
Adjusted
NSW
Sep qtr 15
Sep qtr 15
v Jun qtr 15
v Sep qtr 14
(% change)
(% change)
-0.2
2.6
VIC
-
4.2
QLD
-0.2
-2.5
SA
0.1
1.6
WA
-1.3
-2.6
TAS
0.1
1.4
AUS
(DFD)
-0.5
0.8
Next release of ABS cat. no. 5206.0 is 2 March 2016
2
Economic and Commercial Division
2 December 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
SA
AUS
Household
Consumption
0.4
0.7
2.7
2.7
Government
Consumption
1.0
0.7
3.2
3.6
New Business
Investment
1.2
-4.6
-0.9
-11.0
Dwelling
Investment
3.1
0.9
-0.2
10.3
Ownership
Transfer Costs
-6.3
-3.6
3.2
4.6
Public
Investment
-14.1
-9.2
-17.5
-7.9
SFD/DFD
0.1
-0.5
1.6
0.8
Exports*
N/A
4.6
N/A
6.5
Imports*
N/A
-2.4
N/A
-1.2
GDP
N/A
0.9
N/A
2.5
*National data is for goods and services. State data is no
longer published in this release.
0.2
0.0
-0.2
-0.4
-0.6
-0.8
SFD
AUS
Public Investment
SA
0.4
Ownership transfer costs
(% change)
AUSTRALIA
Dwelling Investment
(% change)
SOUTH AUSTRALIA
New Business Investment
v Sep qtr 14
Government Consumption
v Jun qtr 15
0.6
Household consumption
Sep qtr 15
Real contribution to SFD/DFD grow th (seasonally adjusted, percentage point
contribution)
Sep qtr 15
Component
Explanatory Notes
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.
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 March 2016
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