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Economic and Commercial Division
3 June 2015
GROSS DOMESTIC PRODUCT & STATE FINAL
DEMAND, MARCH QUARTER 2015
Summary
CHART 1: GDP GROWTH
(REAL, SEASONALLY ADJUSTED)
6%
In the March quarter 2015:
0%
Quarterly growth
Further Analysis
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
-2%
Mar-07
Australian Real Gross Domestic
Income, which indicates the purchasing
power of total incomes generated by
Australian production, increased by
0.2% in seasonally adjusted terms.
2%
Mar-05

South Australian State Final Demand
(SFD) rose 0.8% and was 2.7% higher
than a year earlier, in real seasonally
adjusted terms.
4%
Mar-06

Australian Gross Domestic Product
(GDP) rose 0.9% and was 2.3% 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 0.9% in the
March quarter to be 2.4% higher than a year
ago (see Chart 2).
Australian Domestic Final Demand (DFD) was
unchanged in the March quarter 2015 but was
0.8% higher than a year ago (see Chart 3).
Nationally, household consumption spending
rose by 0.5% in the March quarter and dwelling
investment rose by 4.7% but new business
investment fell by 3.5%.
Through the year growth
Real non-farm GDP grow th (seasonally adjusted, %)
Farm GDP rose by 1.8% in the March quarter
but was 0.9% lower than a year ago.
6%
4%
2%
0%
Quarterly growth
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
-2%
Quarter
Next release of ABS cat. no. 5206.0 is 2 September 2015
1
Economic and Commercial Division
3 June 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
Quarterly growth
Quarter
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
-6%
Mar-05
Mar-15
Mar-14
Mar-13
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Mar-07
Mar-06
Mar-05
-2%
Quarter
South Australian State Final Demand (SFD) rose
by 0.8% during the March quarter 2015—see
Chart 4.
In South Australia, during the March quarter,
spending growth was recorded in dwelling
investment (up 14%), public sector consumption
(up 1.0%) and household consumption spending
(up 0.7%). Declines in spending were recorded
in public sector capital investment (down 9.0%)
and new private business investment (down
2.4%).
Among the states, SFD rose in the March
quarter in Victoria (up 1.3%), South Australia (up
0.8%), NSW (up 0.5%),Tasmania (up 0.3%) and
Queensland (up 0.1%), but declined in Western
Australia (down 1.8%).
TABLE 1: State Final Demand – Real, Seasonally
Adjusted
Mar qtr 15
Mar qtr 15
v Dec qtr 14
v Mar qtr 14
(% change)
(% change)
NSW
0.5
1.9
VIC
1.3
3.4
QLD
0.1
-2.1
SA
0.8
2.7
WA
-1.8
-4.9
TAS
0.3
1.7
AUS
(DFD)
0.0
0.8
Next release of ABS cat. no. 5206.0 is 2 September 2015
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Economic and Commercial Division
3 June 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
0.7
0.5
3.0
2.6
Government
Consumption
1.0
0.4
1.0
1.7
New Business
Investment
-2.4
-3.5
9.5
-6.0
Dwelling
Investment
13.5
4.7
15.0
9.2
Ownership
Transfer Costs
12.6
2.3
1.9
1.8
Public
Investment
-8.9
-2.4
-21.6
-9.1
SFD/DFD
0.8
0.0
2.7
0.8
Exports*
N/A
5.0
N/A
8.1
Imports*
N/A
3.1
N/A
3.3
GDP
N/A
0.9
N/A
2.3
*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
-0.6
-0.8
SFD
AUS
Public Investment
SA
Ownership transfer costs
(% change)
AUSTRALIA
Dwelling Investment
(% change)
SOUTH AUSTRALIA
0.8
New Business Investment
v Mar qtr 14
Government Consumption
v Dec qtr 14
1.0
Household consumption
Mar qtr 15
Real contribution to SFD/DFD grow th (seasonally adjusted, percentage point
contribution)
Mar 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 September 2015
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