Income approach: GSP (I)

In 2018-19, total factor income, in current prices, was $28.6 billion, an increase of 4.0% compared to 2017-18. The gross operating surplus and gross mixed income (GOS / GMI) was $17.0 billion, 59% of the total factor income. The compensation of employees was $11.7 billion. Compensation of employees (COE) decreased by 2.0% and GOS / GMI increased by 8.5% for all industries.

Compensation of employees

In 2018-19, compensation of employees (wages / salaries and employer’s social contribution) decreased by 2.0% to $11.7 billion. The industry sectors with higher compensation of employees included:

  • public administration and safety ($1.9 billion)
  • construction ($1.7 billion)
  • health care and social assistance ($1.5 billion)
  • mining ($1.1 billion)
  • manufacturing ($0.8 billion).

In 2018-19, industry sectors where compensation of employees detracted the most were:

  • construction (down 21.3%)
  • finance and insurance services (down 9.7%)
  • rental, hiring and real-estate services (down 3.9%).
  • mining (up 9.0%)
  • health care and social assistance (up 5.9%)
  • public administration and safety (up 2.7%).

Partially offset by increases in:

  • mining (up 9.0%)
  • health care and social assistance (up 5.9%)
  • public administration and safety (up 2.7%).

Gross operating surplus and gross mixed income

2018-19, GOS / GMI increased by 8.5% to $17.0 billion. The industry sectors with higher GOS / GMI included:

  • mining ($5.5 billion)
  • construction ($2.7 billion)
  • ownership of dwellings ($2.2 billion)
  • rental, hiring and real estate services ($1.0 billion)
  • transport, postal and warehousing ($0.9 billion).

In 2018-19, the sectors where GOS / GMI grew most were:

  • mining (up 91.4%)
  • administrative and support services (up 49.4%)
  • other services (16.1%)
  • public administration and safety (up 14.7%)
  • manufacturing (up 14.6%).

The sectors where GOS / GMI declined were:

  • construction (down 32.4%)
  • arts and recreational services (down 13.0%)
  • information media and telecommunications (down 8.3%)
  • accommodation and food services (down 7.1%).

Source: Australian Bureau of Statistics catalogue number 5220.0

GSP per capita

NT GSP per capita decreased by 1.1% to $106,196 in 2018-19, and despite the decrease had the highest GSP per capita of all jurisdictions. Nationally, GSP per capita was $74,873. The NT and Western Australia were the only jurisdictions to have a GSP per capita over $100,000. NT GSP per capita is influenced by the relatively high paying occupations in the mining industry.

Source: Australian Bureau of Statistics catalogue number 5220.0

Last updated: 22 January 2020

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