Statistical Appendix
List of Charts and Tables
Charts	Page
	International Economy	
1.	Selected International Indicators	72
	National Accounts
2.	Contributions to Trend GDP Growth	74
Tables
	National Accounts
1.	Components of Gross Domestic Product	75
2.	Contributions to Change in Gross Domestic Product	76
3.	Gross Product by Industry	77
	Incomes, Costs and Prices
4.	Household Income	78
5.	Wages, Labour Costs and Company Income	79
6.	Prices	80
7.	Labour Market	81
	External Sector
8.	Balance of Payments	82
9.	Australia’s External Liabilities	83
10.	Australia’s Income Flows	84
11.	Selected Economic Indicators	85

	Key to Tables
n.a.		not available 
n.y.a.		not yet available
..		change less than 0.05%

Chart 1: Selected International Indicators
Panel A: Short-term Interest Rates(a)

(a)	Average monthly rates; USA — certificates of deposits, Japan — 3 month certificates of deposit, Australia —  90 day bank accepted bills and Germany — 3 month FIBOR.
Source: OECD Main Economic Indicators.
Panel B: Real Output(a)

(a)	Constant price seasonally adjusted GDP growth for each major trading partner is weighted by their respective shares of total Australian merchandise exports from 1993‑94 to 1995‑96. In this chart, major trading partners comprise OECD and Asian major trading partners. OECD major trading partners comprise the G7 (Japan, USA, UK, Germany, France, Italy and Canada) and New Zealand. Asian major trading partners comprise South Korea, Taiwan, Hong Kong, Singapore, China, Malaysia, Indonesia, Thailand and the Philippines.
Chart 1: Selected International Indicators
Panel C: Current Account Balances(a)

(a)	Seasonally adjusted estimates. Germany refers to Western Germany only until June 1990, and unified Germany thereafter.
Source: OECD Economic Outlook.
Panel D: Consumer Price Inflation(a)

(a)	In this chart the major trading partners (MTP) series is comprised of the ABS All Groups (excluding housing) CPI measure for the countries for which it is available (US, Japan, Germany, UK, New Zealand, Canada, South Korea, Singapore, Indonesia, Taiwan and Hong Kong) and the respective national government All Groups CPI series for the remainder of Australia’s MTP (France, Italy, China, Malaysia, Thailand and the Philippines). None of the countries for which the All Groups CPI measure has been used includes the mortgage interest rate effect in the calculation of their All Groups CPI series.
	The aggregate inflation rates are derived as the weighted average of the individual trading partner inflation rates, where the weights are the respective shares of Australian total merchandise trade from 1993‑94 to 1995‑96.

Chart 2: Contributions to Trend Quarterly GDP(A) Growth
(Average 1989-90 Prices)

Table 1: Components of Gross Domestic Product (average 1989-90 prices)

(a)	Income measure.
(b)	GDP(A) is the average of the income (GDP(I)), expenditure (GDP(E)) and production (GDP(P)) based estimates of GDP.
Source: ABS Cat. No. 5206.0

Table 2: Contributions to Change in Gross Domestic Product (Average) (average 1989-90 prices)(a)

(a)	The sum of the contribution of the expenditure components do not precisely sum to the change in GDP(A) due to the statistical discrepancy between GDP(E) and the average of GDP(E), GDP(I) and GDP(P).
Source: ABS Cat. No. 5206.0

Table 3: Gross Product by Industry (average 1989-90 prices)

Source: ABS Cat. No. 5206.0

Table 4: Household Income (Constant price, seasonally adjusted estimates)(a)

(a)	Deflated by the implicit price deflator for private final consumption expenditure.
(b)	Includes income of non-farm unincorporated enterprises, income from interest and dividends and imputed income from dwellings.
Source: ABS Cat. No. 5206.0

Table 5: Wages, Labour Costs and Company Income (seasonally adjusted)

(a)	Annual data are original data.
(b)	Deflated by the implicit price deflator for private final consumption expenditure.
(c)	Ratio of nominal hourly labour costs (non-farm wages, salaries and supplements, plus payroll tax and fringe benefits tax less employment subsidies, per hour worked by non‑farm wage and salary earners) to average hourly productivity (real gross non-farm product per hour worked by all employed persons).
(d)	Nominal unit labour costs as defined in footnote (c) deflated by the derived implicit price deflator for gross non-farm product. (Base for index: 1966-67 to 1972‑73 = 100.0)
(e)	Ratio of wages, salaries and supplements, payroll tax (less employment subsidies) and fringe benefits tax paid by the private non-farm corporate sector to private non-farm corporate sector gross product at factor cost, plus payroll tax (less employment subsidies) and fringe benefits tax. (Base for index: 1966-67 to 1972-73 = 100.0)
(f)	The ratio of non-farm wages, salaries and supplements to gross non-farm product at factor cost.
(g)	Ratio of the gross operating surplus (GOS) of the private non-farm corporate sector to the gross product at factor cost of the private non-farm corporate sector.
(h)	The ratio of the gross operating surplus of non-farm corporate trading enterprise companies to gross non-farm product at factor cost.
(i)	The annual non-farm gross operating surplus share defined in footnote (g) less net tax and net interest paid by private non-farm corporate trading enterprises.
(j)	Excludes private financial trading enterprises.
Sources: ABS Cat. Nos. 5204.0, 5206.0, 5222.0, 6301.0 and 6302.0

Table 6: Prices

(a)	Based on the eight capital cities consumer price index.
(b)	See article in the January 1989 Economic Roundup regarding the use of this series for economic analysis.
(c)	ABS estimate based on Treasury methodology. An article on the construction of this estimate appeared in the Summer 1995 Economic Roundup.
(d)	Quarterly and through the year figures are derived from seasonally adjusted data. The year‑average data are original.
(e)	Gross non-farm GDP(E).
Sources: ABS Cat. Nos. 6401.0 and 5206.0

Table 7: Labour Market

Sources: ANZ Bank and ABS Cat. No. 6202.0

Table 8: Balance of Payments (seasonally adjusted)

(a)	The ratio of the implicit price deflator for exports of goods and services to the implicit price deflator for imports of goods and services, 1989-90 = 100.
(b)	Annual data are original data.
Sources: ABS Cat. Nos. 5368.0 and 5302.0

Table 9: Australia's External Liabilities

Source: ABS Cat. No. 5306.0

Table 10: Australia's Income Flows

Source: ABS Cat. No. 5306.0

Table 11: Selected Economic Indicators

(a)	ABS National Accounts measure.
(b)	A discussion of these indices and detailed figures covering the period from the September quarter 1970 to the March quarter 1983 may be found in a supplement to the July 1983 Roundup of Economic Statistics titled 'International Comparisons of Relative Price and Cost Levels'.
(c)	The weights used are based on a 3 year moving average of Australia's imports from the US, Japan, UK and Germany. The four countries are the source of about 60 per cent of Australia's imports. Observations are quarterly averages. A rise (fall) implies a deterioration (improvement) in Australian costs and prices relative to the four countries above after adjusting for exchange rate changes.
(d)	The CPI based index is the ratio of the Australian Consumer Price Index to the weighted geometric average of the exchange rate adjusted consumer price indices of Australia's four major import sources.
(e)	The GDP deflator based index is the ratio of the GDP deflator for Australia to the weighted geometric average of the exchange rate adjusted GDP deflator of Australia's four major import sources.
(f)	The unit labour cost based index is the ratio of unit labour costs in the non-farm sector of the Australian economy to the weighted geometric average of the exchange rate adjusted unit labour costs in the business sector for Australia's four major import sources.
(g)	Ratio of household saving to household disposable income.
(h)	Quarterly data are seasonally adjusted except for the trade weighted index and the nominal exchange rate.
(i)	Period Average, May 1970 = 100.
Sources: ABS Cat. Nos. 5206.0 and 5302.0