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WA Economic Profile - March 2021001958policy.data Page 2 of 16
Release Classification: - For Public Release
WA Economic Profile and COVID-19 Supplement Page 1 of 16 November 2020
· 201920GSP()$3,163GDP15.9%
· 201920GSP$119,861GDP$77,80754%
· 2020-21GSP2020212.0%2021-222.75%
· GDP2019-200.3%2020-21GDP2020210.75%2021-223.5%
002094policy.data Page 2 of 16 Release Classification: - For Public Release
WA Economic Profile Page 11 of 16 March 2021
GSP1
1 Nominal or not adjusted for price changes. Original series. (a) Gross operating surplus of dwelling owners, with owner-occupiers assigned a rent for their dwellings. (b) Repairs, maintenance and personal services.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019-20GSP56% ($1,757)
GSP1: 2019-20
1 Real or adjusted for price changes. Original series. pp = percentage point. (a) Repairs, maintenance and personal services. (b) Gross operating surplus of dwelling owners, with owner-occupiers assigned a rent for their dwellings.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019204.9%GSP
:
GSP1:
1 Nominal or not adjusted for price changes. Original series. (a) General government final consumption expenditure and public gross fixed capital formation. (b) Includes ownership transfer costs. (c) Implicitly comprises net interstate trade in goods and services, changes in inventories, miscellaneous items and a balancing item that equates the sum of GSP across the states and territories to Australia’s GDP. (d) Goods and services.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019-20GSP59% ($1,871)
GSP1: 2019-20
1 Real or adjusted for price changes. Original series. pp = percentage point. (a) General government final consumption expenditure and public gross fixed capital formation. (b) Goods and services. (c) Interstate trade in goods and services, changes in inventories and other items. (d) Includes ownership transfer costs.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019-20 (9.4%)GSP
· (4.4%)
(SFD) 1 (2) :
1 Seasonally adjusted series. 2 Real or adjusted for price changes. Note - Changes in SFD are exaggerated by large swings in business investment without adjusting for the associated changes in imports. (a) Includes ownership transfer costs. (b) General government final consumption expenditure and public gross fixed capital formation.
Source: ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 2019-20(SFD)GSP66% ($2,073)GSP()
· 202012SFD1.5%95.5%
· 202012 (3.9%)SFD (11.8%) (0.3%)202012 (1.0%)SFD
· 201920SFD0.9%2020-21SFD2020-212.25%2021-223.75%
1 (2):
Note – Components of population change may not sum to total population growth due to intercensal difference. 1 Original series. 2 Change between June quarters of each year.
Source: ABS 3101.0 Australian Demographic Statistics (Quarterly).
· 2019-2026610.4%
· 2019-2038,677
:
· 23,344
· 17,743
· -2,410
GSI: (%)1:
1 Original series. (a) Real or adjusted for price changes. (b) Nominal or not adjusted for price changes. Household income from wages and salaries, salary sacrifice, non-cash benefits, bonuses, termination payments, government pensions and allowances, profit/loss from own unincorporated business, net investment income and private transfers less income tax, the Medicare levy and the Medicare levy surcharge
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· GSI
· 2019-20GSI8.0%2018-199.6%104.0%
· GSI
1:
Note – Axis does not start at zero. 1 Monthly index of Australia’s commodity prices. 2018-19 = 100.0. Nominal or not adjusted for price changes. Original series.
Source: Reserve Bank of Australia (RBA), Statistical Tables (Monthly).
· 202122.4%US78.3
· 20212RBA3.1%
·
8.7%
+1.6pp
n.a.
-0.1pp
n.a.
10.0%
+0.8pp
n.a.
9.8%
+0.6pp
n.a.
n.a. = not applicable. pp = percentage point. 1 Worked 35 hours or more a week. 2 Worked less than 35 hours a week. 3 Total monthly hours worked in all jobs (full time and part time jobs). 4 The proportion of the civilian working age population (aged 15 and older) in the labour force (employed or unemployed people). 5 The proportion of unemployed in the labour force (people without a job who are actively looking for work). 6 The proportion of underemployed in the labour force (workers wanting more hours). 7 Seasonally adjusted series. 8 Original series (except for total hours worked in seasonally adjusted terms).
Source: ABS 6202.0 Labour Force, Australia (Monthly).
1:
Note – Axis does not start at zero. 1 Seasonally adjusted series. 2 Worked 35 hours or more a week. 3 Worked less than 35 hours a week.
Source: ABS 6202.0 Labour Force, Australia (Monthly).
· 20212
· 20212:
1: 2
1 Original series. 2 Average over the past 4 quarters. Middle month of each quarter: February, May, August and November. (a) Repairs, maintenance and personal services.
Source: ABS 6291.0.55.003 Labour Force, Australia, Detailed (Quarterly).
· 20213472%
1:
Note – Axis does not start at zero. 1 Total monthly hours worked in all jobs (full time and part time jobs). Seasonally adjusted series.
Source: ABS 6202.0 Labour Force, Australia (Monthly).
· 202123
· 202120
· 202124.3%130.9
1:
Note – Axis does not start at zero. 1 Seasonally adjusted series.
Source: ABS 6202.0 Labour Force, Australia (Monthly).
· 3
·
· 202068.7%202128
· 2021210
· 2019-2010.0%
1:
1 Online job advertisements on SEEK, CareerOne and Australian JobSearch. Excludes job advertisements on other online job boards, employer web sites, newspapers and word of mouth. Seasonally adjusted series. 2 Recruitment through on site and online job advertisements, by notifying employment agencies or trade unions, and from internal job registers. Original series.
Source: Australia Department of Education, Skills and Employment, Vacancy Report (Monthly).
· 2021210201210
· ABS220201237,4005,20011,700
·
(% 1):
1 Change from same quarter of previous year. Original series. Wage price index 2008-09 = 100.0. Note - Changes in the wage price index and average weekly earnings differ because labour quality (job specifications and employee performance and experience) and labour quantity (hours worked and employee numbers) is held constant by the wage price index.
Source: ABS 6345.0 Wage Price Index, Australia (Quarterly).
· 20191220201.44%1.42%
· 2019-201.7%2020-211.5%2021-221.75%
· 2019-20$97,999$90,7847.9% ($7,215)
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual); and ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 202010.3%
1:
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual); and ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 20202.8%$1,077
· 202023%(15%)(11%)
· 2020
· 2020
· ($46,2002.7%)
1:
Note – Axis does not start at zero. 1 Nominal or not adjusted for price changes. Seasonally adjusted series 2 Includes newspapers and books; other recreational goods; pharmaceutical, cosmetic and toiletry goods; and other retailing.
Source: ABS 8501.0 Retail Trade, Australia (Monthly).
· 20211
· (3.3%$15)
· 2 (3.8%$47,700)
· (2.2%$57,900)
1:
1 Gross fixed capital formation. Nominal or not adjusted for price changes. Original series.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual); and ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 202019.0%
1:
1 Nominal or not adjusted for price changes. Original series. (a) All industries other than mining; agriculture, forestry and fishing; public administration and safety; and superannuation funds.
Source: ABS 5625.0 Private New Capital Expenditure and Expected Expenditure, Australia (Quarterly).
· 202023%:
1:
1 Gross fixed capital formation. Nominal or not adjusted for price changes. Original series. (a) Repairs, maintenance and personal services.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 20192046% ($261):
· (4.2%$24)
· 201920($3716.3%)($210011.0%)
· 201920($16,90018.3%)($7,6008.1%)
1:
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 8412.0 Mineral and Petroleum Exploration, Australia (Quarterly).
·
· 2020
· 24.8%$9800
· 14.0%$38,400
1:
Note –The large value of engineering construction activity in the September quarter 2017 was mainly due to the arrival of the Prelude Floating LNG Plant. 1 Nominal or not adjusted for price changes. Seasonally adjusted series.
Source: ABS 8762.0 Engineering Construction Activity, Australia (Quarterly).
1:
· 8.4%$113
· 201920
· (14.6%$44,300)
· (2.2%$17)
1 Nominal or not adjusted for price changes. Seasonally adjusted series (except for total building activity in the pipeline). (a) Total residential and non-residential building activity in the pipeline. Original series.
Source: ABS 8752.0 Building Activity, Australia (Quarterly).
· 202092.3%$20
· 2019-205.4%$88
· 13.1%$48
1:
1 Value of new loan commitments for housing by owner-occupiers and investors. Nominal or not adjusted for price changes. Seasonally adjusted series.
Source: ABS 5601.0 Lending Indicators, Australia (Monthly).
· 20206
· 20211:
· 3.5%$39,100
· 2-3
1:
1 House and other dwelling approvals. Seasonally adjusted series. 2 Residential and non-residential building approvals.
Source: ABS 8731.0 Building Approvals, Australia (Monthly).
· 2020122015820211
· 22020123.9%202116.3%$93,400
20211
· 0.6%$72,300
· 31.5%$21,100
· 1-2
1:
Note – Axis does not start at zero. 1 Nominal or not adjusted for price changes. Original series. Consumer price index 2011-12 = 100.0. (a) Index of prices for new dwellings purchased by owner-occupiers in Perth. (b) Index of prices for rents in Perth.
Source: ABS 6401.0 Consumer Price Index, Australia (Quarterly).
· 2020122.2%2019128.9%
· 2020120.3%2019120.8%
· 2020125.5%$522,000
1:
1 Free on board. Nominal or not adjusted for price changes. Original series.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 202051%
· 20.8%$1,151
· 16.5%$717
· 64.1%$120
· 2.3%$67
1:
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 2020($1,03656%)($18010%) ($1216%)
· 2020 (82%) (71%)(66%) (64%) (55%)
· 2020($85)($54) ($76,500)
· 2020($60)($89,200) ($77,500 )
· 202094% ($1,762)
: 2020
76
5
NZ
19
2
Japan
91
8
Indonesia
206
9
Finland
89
6
Spain
72
5
Japan
18
1
Taiwan
54
5
Other
823
35
Other
28
2
Other
368
26
Other
62
5
Other
293
25
Total
2,375
100
Total
1,583
100
Total
1,438
100
Total
1,263
100
Total
1,152
100
Note – Components may not add to totals due to rounding. 1 Nominal or not adjusted for price changes. Original series. 2 LNG, condensate, crude oil and LPG. 3 Includes bauxite. 4 Excludes gold and silver. 5 Garnet, illmenite, leucoxene, zircon and rutile. 6 Includes concentrates. Excludes the value of copper exports to Japan, Malaysia, Philippines and Taiwan between 1 June and 1 October 2020 due to confidentiality restrictions. Thereafter, the value of copper exports to these markets were included in the total value of copper exports, but excluded from the individual market values. (a) Mainland. (b) Special Administrative Region of China.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly); and WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-annual).
1 Customs Value. Nominal or not adjusted for price changes. Original series. (a) Education, personal and business travel; and passenger, freight, postal, courier and other transport. (b) Technical, trade-related & other business; financial services; government goods & services; telecommunications, computer & information; insurance & pension; personal, cultural & recreational; professional & management consulting; intellectual property charges; research & development; and others.
Source: ABS 5368.0.55.003/004 International Trade: Supplementary Information, Financial Year/Calendar Year (Annual).
· 2019-208%
· 2019-2010.0%$74
· 2019-208.4%
· 62.3%$66,400
1 Nominal or not adjusted for price changes. Original series.
Source: Tourism Research Australia, International and National Visitor Surveys (Quarterly).
· 2018-19GSP2.1% ($60)5.0% (66,600)
· 2019-20$912018-1914.2% ($15)
·
· 202049,66120196.8% (3,643)
· 20195.60%20205.63%
1:
1 Customs Value. Nominal or not adjusted for price changes. Original series. (a) Other manufactures, gold (for further refining and re-export), mineral fuels, chemicals, agricultural products and other goods.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 202011%
·
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 2020 ($6118%) ($4614%) ($278%)
· 2020 ($67,300) ($49,000) ($42,200)
· 2020 ($15) ($87,800) ($84,100)
·
1 Customs Value. Nominal or not adjusted for price changes. Original series. (a) Education, personal and business travel; and passenger, freight, postal, courier and other transport. (b) Technical, trade-related & other business; financial services; government goods & services; telecommunications, computer & information; insurance & pension; personal, cultural & recreational; professional & management consulting; intellectual property charges; research & development; and others.
Source: ABS 5368.0.55.003/004 International Trade: Supplementary Information, Financial Year/Calendar Year (Annual).
· 2019-2011%
· 2019-2016.2% $94
· 2019-2020.7%
· 26.6%$43
· 9.9%$20
· 19.7%$33,900
· 26.5%$3,600
· 8.8%$12
Kt
165
165
2,470
100%
7%
Rutile
Kt
39
200
634
20%
6%
Salt
Mt
12
12
264
96%
4%
Cobalt
Kt
6
6
135
100%
4%
Illmenite1
Kt
313
800
7,565
39%
4%
Manganese
Kt
544
3,300
18,490
16%
3%
Copper
Kt
146
879
19,799
17%
1%
Mt = Million tonnes. Kt = Thousand tonnes. t = tonnes. Mct = Million carats. 1 Excludes ilmenite feedstock for synthetic rutile production.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Annual).
·
· 2019205322LNG13
1:
1 Nominal or not adjusted for price changes. Original series.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 2019-2065%
· 20203.5%$1,744
· 31.0%$266
1:
1 Nominal or not adjusted for price changes. Original series. (a) Copper, lead and zinc (contains gold and silver). (b) Garnet, illmenite, leucoxene, zircon and rutile. (c) Spodumene.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 202067%LNG (11%)(10%)
· 2020
1:
1 Nominal or not adjusted for price changes. Original series. Indexes 2010 = 100.0.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 202016.5%$1,162
· 20204.3%84,600
LNG 1:
1 Nominal or not adjusted for price changes. Original series. Indexes 2010 = 100.0.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 2020LNG29.0%$193
· 2020LNG0.3%4,400
· 2020LNG(FOB) 29.2%
1:
1 Nominal or not adjusted for price changes. Original series. Indexes 2010 = 100.0.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 202024.7%$172
· 20202.0%209
· 2020(FOB) 27.3%
940,000
7.6%
430,000
3.5%
GASCOYNE
306,000
2.5%
709,000
5.7%
4,414,000
35.6%
1,047,000
8.4%
PEEL
GOLDFIELDS-ESPERANCE
Figure
659,000
5.3%
690,000
5.6%
2,461,000
19.8%
744,000
6.0%
n.a. = not available. pp = percentage point. 1 Change from previous year for annual series (nominal or not adjusted for price changes) and change from same quarter of the previous year for the quarterly labour force series. Source: WA Department of Primary Industries and Regional Development, GRP estimates (Annual); ABS 3218.0 Regional Population Growth Australia (Annual); Department of Education, Skills and Employment, Small Area Labour Markets (Quarterly); WA Department of Mines, Industry Regulation and Safety, Resource Data Files (BAnnual); ABS 8731.0 Building Approvals, Australia (Monthly); and Tourism Western Australia, Regional Development Commission Fact Sheets (Annual).
002105policy.data Page 2 of 2 Release Classification: - For Public Release
WA Economic Profile Page 15 of 15 March 2021
4.1%0.8%6.7%5.1%7.2%3.7%5.0%6.8%5.1%2.3%5.9%4.6%8.3%6.1%5.7%2.3%0.9%-1.3%2.4%1.6%1.4%2.0%2.8%1.3%1.5%-2%0%2%4%6%8%10%1999-002004-052009-102014-152019-20Western AustraliaAustralia (GDP)
$1.3b$2.8b$4.2b$4.0b$4.9b$5.1b$5.4b$6.3b$8.6b$9.0b$9.1b$10.0b$10.4b$11.6b$12.9b$15.1b$15.7b$16.2b$17.3b$135.3b$0b$40b$80b$120b$160bArts & recreation servicesInformation, media & telecommunicationsOther services(b)Accommodation & food servicesElectricity, gas, water & waste servicesRental, hiring & real estate servicesAgriculture, forestry & fishingAdministrative & support servicesRetail tradeWholesale tradeEducation & trainingPublic administration & safetyTransport, postal & warehousingFinance & insurance servicesManufacturingProfessional, scientific & technical servicesHealthcare & social assistanceOwnership of dwellings(a)ConstructionMining2018-192019-20
-$45.4b-$40.0b$7.4b$9.2b$39.1b$50.7b$108.3b$187.1b-$50b$0b$50b$100b$150b$200bImports(d)Other(c)Services exportsDwelling investment(b)Business investmentPublic final demand(a)Household consumptionGoods exports2018-192019-20
-1%0%1%2%3%4%-25,000 - 25,000 50,000 75,000 100,0001999-002004-052009-102014-152019-20Natural increaseNet overseas migrationNet interstate migrationTotal population change (%)
-10%-5%0%5%10%15%20%25%1999-002004-052009-102014-152019-20GSI(a)Gross household disposable income per capita(b)
0 index50 index100 index150 index200 indexUS0cUS50cUS100cUS150cUS200cFeb-01Feb-06Feb-11Feb-16Feb-21Exchange rate (US cents)$US commodity prices (index)$A commodity prices (index)
12,293 20,472 25,383 25,496 29,882 34,746 40,291 40,870 58,333 60,973 77,514 84,207 91,169 106,778 109,637 112,545 116,127 120,566 180,659 - 100,000 200,000Information media & telecommunicationsArts & recreation servicesElectricity, gas, water & waste servicesRental, hiring & real estate servicesFinance & insurance servicesAgriculture, forestry & fishingWholesale tradeAdministrative & support servicesOther services(a)Transport, postal & warehousingManufacturingAccommodation & food servicesPublic administration & safetyProfessional, scientific & technical servicesEducation & trainingMiningRetail tradeConstructionHealthcare & social assistanceMar-2020Mar-2021
165m hrs170m hrs175m hrs180m hrs185m hrs190m hrs195m hrsFeb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
64%65%66%67%68%69%70%Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
0%1%2%3%4%5%6%7%8%9%Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
0%5%10%15%Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
02,0004,0006,0008,00010,00012,00014,00016,00018,00020,00022,000Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
-6%-4%-2%0%2%4%6%8%10%20002005201020152020
-$0.1b$2.2b$3.4b$4.4b$5.4b$5.6b$5.9b$8.3b$8.8b$9.9b$12.4b$16.6b$24.8b-$10b$0b$10b$20b$30bNet expenditure interstateCommunicationsClothing & footwearAlcoholic beverages & tobaccoFurnishings & household equipmentEducation servicesHotels, cafes & restaurantsHealthTransportRecreation & cultureFoodInsurance, finance & otherHousing, water, electricity, gas & other fuels20192020
$0b$1b$2b$3b20002005201020152020MineralsPetroleum
$0b$5b$10b$15b$20bSep-2000Sep-2005Sep-2010Sep-2015Sep-2020
$0b$50b$100b$150b$200b20002005201020152020TotalIron oreNon-iron ore
0 index50 index100 index150 index200 index250 index300 index$0b$5b$10b$15b$20b$25b$30b20002005201020152020Value ($b)Volume (index)Price (index)
0 index50 index100 index150 index200 index$0b$5b$10b$15b$20b20002005201020152020Value ($b)Volume (index)Price (index)
WA Economic Profile and COVID-19 Supplement Page 1 of 16 November 2020
· 201920GSP()$3,163GDP15.9%
· 201920GSP$119,861GDP$77,80754%
· 2020-21GSP2020212.0%2021-222.75%
· GDP2019-200.3%2020-21GDP2020210.75%2021-223.5%
002094policy.data Page 2 of 16 Release Classification: - For Public Release
WA Economic Profile Page 11 of 16 March 2021
GSP1
1 Nominal or not adjusted for price changes. Original series. (a) Gross operating surplus of dwelling owners, with owner-occupiers assigned a rent for their dwellings. (b) Repairs, maintenance and personal services.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019-20GSP56% ($1,757)
GSP1: 2019-20
1 Real or adjusted for price changes. Original series. pp = percentage point. (a) Repairs, maintenance and personal services. (b) Gross operating surplus of dwelling owners, with owner-occupiers assigned a rent for their dwellings.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019204.9%GSP
:
GSP1:
1 Nominal or not adjusted for price changes. Original series. (a) General government final consumption expenditure and public gross fixed capital formation. (b) Includes ownership transfer costs. (c) Implicitly comprises net interstate trade in goods and services, changes in inventories, miscellaneous items and a balancing item that equates the sum of GSP across the states and territories to Australia’s GDP. (d) Goods and services.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019-20GSP59% ($1,871)
GSP1: 2019-20
1 Real or adjusted for price changes. Original series. pp = percentage point. (a) General government final consumption expenditure and public gross fixed capital formation. (b) Goods and services. (c) Interstate trade in goods and services, changes in inventories and other items. (d) Includes ownership transfer costs.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 2019-20 (9.4%)GSP
· (4.4%)
(SFD) 1 (2) :
1 Seasonally adjusted series. 2 Real or adjusted for price changes. Note - Changes in SFD are exaggerated by large swings in business investment without adjusting for the associated changes in imports. (a) Includes ownership transfer costs. (b) General government final consumption expenditure and public gross fixed capital formation.
Source: ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 2019-20(SFD)GSP66% ($2,073)GSP()
· 202012SFD1.5%95.5%
· 202012 (3.9%)SFD (11.8%) (0.3%)202012 (1.0%)SFD
· 201920SFD0.9%2020-21SFD2020-212.25%2021-223.75%
1 (2):
Note – Components of population change may not sum to total population growth due to intercensal difference. 1 Original series. 2 Change between June quarters of each year.
Source: ABS 3101.0 Australian Demographic Statistics (Quarterly).
· 2019-2026610.4%
· 2019-2038,677
:
· 23,344
· 17,743
· -2,410
GSI: (%)1:
1 Original series. (a) Real or adjusted for price changes. (b) Nominal or not adjusted for price changes. Household income from wages and salaries, salary sacrifice, non-cash benefits, bonuses, termination payments, government pensions and allowances, profit/loss from own unincorporated business, net investment income and private transfers less income tax, the Medicare levy and the Medicare levy surcharge
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· GSI
· 2019-20GSI8.0%2018-199.6%104.0%
· GSI
1:
Note – Axis does not start at zero. 1 Monthly index of Australia’s commodity prices. 2018-19 = 100.0. Nominal or not adjusted for price changes. Original series.
Source: Reserve Bank of Australia (RBA), Statistical Tables (Monthly).
· 202122.4%US78.3
· 20212RBA3.1%
·
8.7%
+1.6pp
n.a.
-0.1pp
n.a.
10.0%
+0.8pp
n.a.
9.8%
+0.6pp
n.a.
n.a. = not applicable. pp = percentage point. 1 Worked 35 hours or more a week. 2 Worked less than 35 hours a week. 3 Total monthly hours worked in all jobs (full time and part time jobs). 4 The proportion of the civilian working age population (aged 15 and older) in the labour force (employed or unemployed people). 5 The proportion of unemployed in the labour force (people without a job who are actively looking for work). 6 The proportion of underemployed in the labour force (workers wanting more hours). 7 Seasonally adjusted series. 8 Original series (except for total hours worked in seasonally adjusted terms).
Source: ABS 6202.0 Labour Force, Australia (Monthly).
1:
Note – Axis does not start at zero. 1 Seasonally adjusted series. 2 Worked 35 hours or more a week. 3 Worked less than 35 hours a week.
Source: ABS 6202.0 Labour Force, Australia (Monthly).
· 20212
· 20212:
1: 2
1 Original series. 2 Average over the past 4 quarters. Middle month of each quarter: February, May, August and November. (a) Repairs, maintenance and personal services.
Source: ABS 6291.0.55.003 Labour Force, Australia, Detailed (Quarterly).
· 20213472%
1:
Note – Axis does not start at zero. 1 Total monthly hours worked in all jobs (full time and part time jobs). Seasonally adjusted series.
Source: ABS 6202.0 Labour Force, Australia (Monthly).
· 202123
· 202120
· 202124.3%130.9
1:
Note – Axis does not start at zero. 1 Seasonally adjusted series.
Source: ABS 6202.0 Labour Force, Australia (Monthly).
· 3
·
· 202068.7%202128
· 2021210
· 2019-2010.0%
1:
1 Online job advertisements on SEEK, CareerOne and Australian JobSearch. Excludes job advertisements on other online job boards, employer web sites, newspapers and word of mouth. Seasonally adjusted series. 2 Recruitment through on site and online job advertisements, by notifying employment agencies or trade unions, and from internal job registers. Original series.
Source: Australia Department of Education, Skills and Employment, Vacancy Report (Monthly).
· 2021210201210
· ABS220201237,4005,20011,700
·
(% 1):
1 Change from same quarter of previous year. Original series. Wage price index 2008-09 = 100.0. Note - Changes in the wage price index and average weekly earnings differ because labour quality (job specifications and employee performance and experience) and labour quantity (hours worked and employee numbers) is held constant by the wage price index.
Source: ABS 6345.0 Wage Price Index, Australia (Quarterly).
· 20191220201.44%1.42%
· 2019-201.7%2020-211.5%2021-221.75%
· 2019-20$97,999$90,7847.9% ($7,215)
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual); and ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 202010.3%
1:
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual); and ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 20202.8%$1,077
· 202023%(15%)(11%)
· 2020
· 2020
· ($46,2002.7%)
1:
Note – Axis does not start at zero. 1 Nominal or not adjusted for price changes. Seasonally adjusted series 2 Includes newspapers and books; other recreational goods; pharmaceutical, cosmetic and toiletry goods; and other retailing.
Source: ABS 8501.0 Retail Trade, Australia (Monthly).
· 20211
· (3.3%$15)
· 2 (3.8%$47,700)
· (2.2%$57,900)
1:
1 Gross fixed capital formation. Nominal or not adjusted for price changes. Original series.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual); and ABS 5206.0. Australian National Accounts: National Income, Expenditure and Product (Quarterly).
· 202019.0%
1:
1 Nominal or not adjusted for price changes. Original series. (a) All industries other than mining; agriculture, forestry and fishing; public administration and safety; and superannuation funds.
Source: ABS 5625.0 Private New Capital Expenditure and Expected Expenditure, Australia (Quarterly).
· 202023%:
1:
1 Gross fixed capital formation. Nominal or not adjusted for price changes. Original series. (a) Repairs, maintenance and personal services.
Source: ABS 5220.0 Australian National Accounts: State Accounts (Annual).
· 20192046% ($261):
· (4.2%$24)
· 201920($3716.3%)($210011.0%)
· 201920($16,90018.3%)($7,6008.1%)
1:
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 8412.0 Mineral and Petroleum Exploration, Australia (Quarterly).
·
· 2020
· 24.8%$9800
· 14.0%$38,400
1:
Note –The large value of engineering construction activity in the September quarter 2017 was mainly due to the arrival of the Prelude Floating LNG Plant. 1 Nominal or not adjusted for price changes. Seasonally adjusted series.
Source: ABS 8762.0 Engineering Construction Activity, Australia (Quarterly).
1:
· 8.4%$113
· 201920
· (14.6%$44,300)
· (2.2%$17)
1 Nominal or not adjusted for price changes. Seasonally adjusted series (except for total building activity in the pipeline). (a) Total residential and non-residential building activity in the pipeline. Original series.
Source: ABS 8752.0 Building Activity, Australia (Quarterly).
· 202092.3%$20
· 2019-205.4%$88
· 13.1%$48
1:
1 Value of new loan commitments for housing by owner-occupiers and investors. Nominal or not adjusted for price changes. Seasonally adjusted series.
Source: ABS 5601.0 Lending Indicators, Australia (Monthly).
· 20206
· 20211:
· 3.5%$39,100
· 2-3
1:
1 House and other dwelling approvals. Seasonally adjusted series. 2 Residential and non-residential building approvals.
Source: ABS 8731.0 Building Approvals, Australia (Monthly).
· 2020122015820211
· 22020123.9%202116.3%$93,400
20211
· 0.6%$72,300
· 31.5%$21,100
· 1-2
1:
Note – Axis does not start at zero. 1 Nominal or not adjusted for price changes. Original series. Consumer price index 2011-12 = 100.0. (a) Index of prices for new dwellings purchased by owner-occupiers in Perth. (b) Index of prices for rents in Perth.
Source: ABS 6401.0 Consumer Price Index, Australia (Quarterly).
· 2020122.2%2019128.9%
· 2020120.3%2019120.8%
· 2020125.5%$522,000
1:
1 Free on board. Nominal or not adjusted for price changes. Original series.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 202051%
· 20.8%$1,151
· 16.5%$717
· 64.1%$120
· 2.3%$67
1:
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 2020($1,03656%)($18010%) ($1216%)
· 2020 (82%) (71%)(66%) (64%) (55%)
· 2020($85)($54) ($76,500)
· 2020($60)($89,200) ($77,500 )
· 202094% ($1,762)
: 2020
76
5
NZ
19
2
Japan
91
8
Indonesia
206
9
Finland
89
6
Spain
72
5
Japan
18
1
Taiwan
54
5
Other
823
35
Other
28
2
Other
368
26
Other
62
5
Other
293
25
Total
2,375
100
Total
1,583
100
Total
1,438
100
Total
1,263
100
Total
1,152
100
Note – Components may not add to totals due to rounding. 1 Nominal or not adjusted for price changes. Original series. 2 LNG, condensate, crude oil and LPG. 3 Includes bauxite. 4 Excludes gold and silver. 5 Garnet, illmenite, leucoxene, zircon and rutile. 6 Includes concentrates. Excludes the value of copper exports to Japan, Malaysia, Philippines and Taiwan between 1 June and 1 October 2020 due to confidentiality restrictions. Thereafter, the value of copper exports to these markets were included in the total value of copper exports, but excluded from the individual market values. (a) Mainland. (b) Special Administrative Region of China.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly); and WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-annual).
1 Customs Value. Nominal or not adjusted for price changes. Original series. (a) Education, personal and business travel; and passenger, freight, postal, courier and other transport. (b) Technical, trade-related & other business; financial services; government goods & services; telecommunications, computer & information; insurance & pension; personal, cultural & recreational; professional & management consulting; intellectual property charges; research & development; and others.
Source: ABS 5368.0.55.003/004 International Trade: Supplementary Information, Financial Year/Calendar Year (Annual).
· 2019-208%
· 2019-2010.0%$74
· 2019-208.4%
· 62.3%$66,400
1 Nominal or not adjusted for price changes. Original series.
Source: Tourism Research Australia, International and National Visitor Surveys (Quarterly).
· 2018-19GSP2.1% ($60)5.0% (66,600)
· 2019-20$912018-1914.2% ($15)
·
· 202049,66120196.8% (3,643)
· 20195.60%20205.63%
1:
1 Customs Value. Nominal or not adjusted for price changes. Original series. (a) Other manufactures, gold (for further refining and re-export), mineral fuels, chemicals, agricultural products and other goods.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 202011%
·
1 Nominal or not adjusted for price changes. Original series.
Source: ABS 5368.0 International Trade in Goods and Services, Australia (Monthly).
· 2020 ($6118%) ($4614%) ($278%)
· 2020 ($67,300) ($49,000) ($42,200)
· 2020 ($15) ($87,800) ($84,100)
·
1 Customs Value. Nominal or not adjusted for price changes. Original series. (a) Education, personal and business travel; and passenger, freight, postal, courier and other transport. (b) Technical, trade-related & other business; financial services; government goods & services; telecommunications, computer & information; insurance & pension; personal, cultural & recreational; professional & management consulting; intellectual property charges; research & development; and others.
Source: ABS 5368.0.55.003/004 International Trade: Supplementary Information, Financial Year/Calendar Year (Annual).
· 2019-2011%
· 2019-2016.2% $94
· 2019-2020.7%
· 26.6%$43
· 9.9%$20
· 19.7%$33,900
· 26.5%$3,600
· 8.8%$12
Kt
165
165
2,470
100%
7%
Rutile
Kt
39
200
634
20%
6%
Salt
Mt
12
12
264
96%
4%
Cobalt
Kt
6
6
135
100%
4%
Illmenite1
Kt
313
800
7,565
39%
4%
Manganese
Kt
544
3,300
18,490
16%
3%
Copper
Kt
146
879
19,799
17%
1%
Mt = Million tonnes. Kt = Thousand tonnes. t = tonnes. Mct = Million carats. 1 Excludes ilmenite feedstock for synthetic rutile production.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Annual).
·
· 2019205322LNG13
1:
1 Nominal or not adjusted for price changes. Original series.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 2019-2065%
· 20203.5%$1,744
· 31.0%$266
1:
1 Nominal or not adjusted for price changes. Original series. (a) Copper, lead and zinc (contains gold and silver). (b) Garnet, illmenite, leucoxene, zircon and rutile. (c) Spodumene.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 202067%LNG (11%)(10%)
· 2020
1:
1 Nominal or not adjusted for price changes. Original series. Indexes 2010 = 100.0.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 202016.5%$1,162
· 20204.3%84,600
LNG 1:
1 Nominal or not adjusted for price changes. Original series. Indexes 2010 = 100.0.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 2020LNG29.0%$193
· 2020LNG0.3%4,400
· 2020LNG(FOB) 29.2%
1:
1 Nominal or not adjusted for price changes. Original series. Indexes 2010 = 100.0.
Source: WA Department of Mines, Industry Regulation and Safety, Resource Data Files (Bi-Annual).
· 202024.7%$172
· 20202.0%209
· 2020(FOB) 27.3%
940,000
7.6%
430,000
3.5%
GASCOYNE
306,000
2.5%
709,000
5.7%
4,414,000
35.6%
1,047,000
8.4%
PEEL
GOLDFIELDS-ESPERANCE
Figure
659,000
5.3%
690,000
5.6%
2,461,000
19.8%
744,000
6.0%
n.a. = not available. pp = percentage point. 1 Change from previous year for annual series (nominal or not adjusted for price changes) and change from same quarter of the previous year for the quarterly labour force series. Source: WA Department of Primary Industries and Regional Development, GRP estimates (Annual); ABS 3218.0 Regional Population Growth Australia (Annual); Department of Education, Skills and Employment, Small Area Labour Markets (Quarterly); WA Department of Mines, Industry Regulation and Safety, Resource Data Files (BAnnual); ABS 8731.0 Building Approvals, Australia (Monthly); and Tourism Western Australia, Regional Development Commission Fact Sheets (Annual).
002105policy.data Page 2 of 2 Release Classification: - For Public Release
WA Economic Profile Page 15 of 15 March 2021
4.1%0.8%6.7%5.1%7.2%3.7%5.0%6.8%5.1%2.3%5.9%4.6%8.3%6.1%5.7%2.3%0.9%-1.3%2.4%1.6%1.4%2.0%2.8%1.3%1.5%-2%0%2%4%6%8%10%1999-002004-052009-102014-152019-20Western AustraliaAustralia (GDP)
$1.3b$2.8b$4.2b$4.0b$4.9b$5.1b$5.4b$6.3b$8.6b$9.0b$9.1b$10.0b$10.4b$11.6b$12.9b$15.1b$15.7b$16.2b$17.3b$135.3b$0b$40b$80b$120b$160bArts & recreation servicesInformation, media & telecommunicationsOther services(b)Accommodation & food servicesElectricity, gas, water & waste servicesRental, hiring & real estate servicesAgriculture, forestry & fishingAdministrative & support servicesRetail tradeWholesale tradeEducation & trainingPublic administration & safetyTransport, postal & warehousingFinance & insurance servicesManufacturingProfessional, scientific & technical servicesHealthcare & social assistanceOwnership of dwellings(a)ConstructionMining2018-192019-20
-$45.4b-$40.0b$7.4b$9.2b$39.1b$50.7b$108.3b$187.1b-$50b$0b$50b$100b$150b$200bImports(d)Other(c)Services exportsDwelling investment(b)Business investmentPublic final demand(a)Household consumptionGoods exports2018-192019-20
-1%0%1%2%3%4%-25,000 - 25,000 50,000 75,000 100,0001999-002004-052009-102014-152019-20Natural increaseNet overseas migrationNet interstate migrationTotal population change (%)
-10%-5%0%5%10%15%20%25%1999-002004-052009-102014-152019-20GSI(a)Gross household disposable income per capita(b)
0 index50 index100 index150 index200 indexUS0cUS50cUS100cUS150cUS200cFeb-01Feb-06Feb-11Feb-16Feb-21Exchange rate (US cents)$US commodity prices (index)$A commodity prices (index)
12,293 20,472 25,383 25,496 29,882 34,746 40,291 40,870 58,333 60,973 77,514 84,207 91,169 106,778 109,637 112,545 116,127 120,566 180,659 - 100,000 200,000Information media & telecommunicationsArts & recreation servicesElectricity, gas, water & waste servicesRental, hiring & real estate servicesFinance & insurance servicesAgriculture, forestry & fishingWholesale tradeAdministrative & support servicesOther services(a)Transport, postal & warehousingManufacturingAccommodation & food servicesPublic administration & safetyProfessional, scientific & technical servicesEducation & trainingMiningRetail tradeConstructionHealthcare & social assistanceMar-2020Mar-2021
165m hrs170m hrs175m hrs180m hrs185m hrs190m hrs195m hrsFeb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
64%65%66%67%68%69%70%Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
0%1%2%3%4%5%6%7%8%9%Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
0%5%10%15%Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
02,0004,0006,0008,00010,00012,00014,00016,00018,00020,00022,000Feb-2016Feb-2017Feb-2018Feb-2019Feb-2020Feb-2021
-6%-4%-2%0%2%4%6%8%10%20002005201020152020
-$0.1b$2.2b$3.4b$4.4b$5.4b$5.6b$5.9b$8.3b$8.8b$9.9b$12.4b$16.6b$24.8b-$10b$0b$10b$20b$30bNet expenditure interstateCommunicationsClothing & footwearAlcoholic beverages & tobaccoFurnishings & household equipmentEducation servicesHotels, cafes & restaurantsHealthTransportRecreation & cultureFoodInsurance, finance & otherHousing, water, electricity, gas & other fuels20192020
$0b$1b$2b$3b20002005201020152020MineralsPetroleum
$0b$5b$10b$15b$20bSep-2000Sep-2005Sep-2010Sep-2015Sep-2020
$0b$50b$100b$150b$200b20002005201020152020TotalIron oreNon-iron ore
0 index50 index100 index150 index200 index250 index300 index$0b$5b$10b$15b$20b$25b$30b20002005201020152020Value ($b)Volume (index)Price (index)
0 index50 index100 index150 index200 index$0b$5b$10b$15b$20b20002005201020152020Value ($b)Volume (index)Price (index)