5206.0 - Australian National Accounts: National Income, Expenditure and Product, Dec 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/03/2017   
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MAIN FEATURES INCOME AT CURRENT PRICES

Trend
Seasonally adjusted
% change
Sep 16
to Dec 16
% change Dec 15 to Dec 16
% points contributions to growth in GDP Sep 16 to Dec 16
% change
Sep 16
to Dec 16
% change Dec 15 to Dec 16
% points contributions to growth in GDP Sep 16 to Dec 16

Compensation of employees
0.2
1.8
0.1
-0.5
1.5
-0.2
Gross operating surplus
Private non-financial corporations
6.6
12.3
1.0
16.5
17.0
2.5
Other(a)
1.0
4.2
0.2
1.0
4.2
0.2
Gross mixed income
1.2
5.8
0.1
5.7
8.8
0.5
Taxes less subsidies on production and imports
-0.1
1.1
-
1.1
1.8
0.1
Statistical discrepancy (I)
na
na
0.2
na
na
-0.1
Gross domestic product
1.7
5.2
1.7
3.0
6.1
3.0

- nil or rounded to zero (including null cells)
na not available
(a) Includes Public non-financial corporations, Financial corporations, General government and Dwellings owned by persons.



DECEMBER QUARTER

Summary Comments

Gross operating surplus (GOS)
  • Total seasonally adjusted GOS increased 8.4% for the December quarter. Seasonally adjusted Total corporations GOS increased 12.0%. Private non-financial corporations was the main contributor to the increase in GOS, recording an increase of 16.5%, followed by Financial corporations increasing by 1.8%.

Compensation of employees (COE)
  • Seasonally adjusted COE fell 0.5%, reflecting a decrease of 0.9% in average earnings per employee.
  • The fall in seasonally adjusted COE was mainly driven by Financial and insurance services, Construction, Wholesale trade, and Administrative and support services.
  • Private sector COE fell 0.5%.
  • Public sector COE fell 0.4%.

State Compensation of employees
  • Of the states, Tasmania recorded the highest rise in COE at 1.3%, while Western Australia recorded the largest fall at 2.5%.
  • On a through the year basis Victoria recorded the highest rise of 5.3%, while Western Australia recorded the largest fall at 4.3%.

STATE COMPENSATION OF EMPLOYEES, Current prices: Seasonally adjusted
This graph shows the seasonally adjusted current prices for State Compensation of employees