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Publications archive - Ecologically Sustainable Development

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Key departmental publications, e.g. annual reports, budget papers and program guidelines are available in our online archive.

Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time. It may contain references to activities or policies that have no current application. Many archived documents may link to web pages that have moved or no longer exist, or may refer to other documents that are no longer available.

Are We Sustaining Australia? Report Against Headline Sustainabilty Indicators

Environment Australia, 2002
ISBN 0 642 54771 8


Value 6: Industry performance

Rationale for inclusion of issue

Economic capacity relates directly to industry capacity which is reflected in industry performance.

Indicator 8

Real GDP per capita in 1999-2000 (chain volume measures, 1998-99 prices) $32,636

Source: ABS Cat. No. 5204.0, Table 33

Rationale for selection of indicator

GDP is the total market value of goods and services produced in Australia within a given period after deducting the cost of goods and services used up in the process of production, but before deducting allowances for the consumption of fixed capital. Thus GDP, as here defined, is 'at market prices'. It is equivalent to gross national expenditure plus exports of goods and services less imports of goods and services.

GDP is a familiar and internationally standardised economic measure of the value added by industry or other productive activity. Treasury advise that GDP per capita is a better measure of industry output than GNP per capita. It essentially provides a measure of the flow of income, where National Net Worth provides the stock of wealth.

Explanatory and elaborative information

In the eight year period 1991-92 to 1999-00, GDP in Australia has increased by $(b)179.5. Since 1995, GDP per capita has increased by nearly $5000.

Gross Domestic Product(a)

 

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

1998-99

1999-00

GDP ($m)

442 024

457 985

476 989

498 550

520 261

539 088

565 126

595 417

621 547

Population (million)

17.3948

17.5874

17.7662

17.9614

18.1949

18.4259

18.6247

18.8359

19.0450

GDP/Capita ($)

25 411

26 041

26 848

27 757

28 594

29 257

30 343

31 611

32 636

(a) chain volume measures 1998-99 prices.

Gross Domestic Product

Gross Domestic Product

Source: Adapted from ABS Cat No. 5206.0 Table 33

Supplementary indicator