Statistical Presentation Western Australia's economic and resource sector overview 200708

1
Statistical PresentationWestern Australia's
economic and resource sector overview2007-08
2
Gross State Product (GSP) Per Capita for
2006-07, current prices
Source Australian Bureau of Statistics
5220.0 2007-08 GSP data will be available in
November 2008.
3
Western Australian Annual Output GrowthChange in
Chain Volume GSP and GDP
Source Australian Bureau of Statistics
5220.0 2007-08 GSP data will be available in
November 2008.
4
Western Australian Total Factor Income
(contribution to GSP) By Industry 2006-07
Source Australian Bureau of Statistics
5220.0 2007-08 GSP data will be available in
November 2008.
5
Employment By Industry Sector Western Australia
Employment figures are in 000s
Source Australian Bureau of Statistics 6291.0.55
.003
6
Commodity Price Index

• The Reserve Bank of Australia Commodity Price
  Index is based on the price of 19 major
  commodities exported by Australia. These
  commodities collectively account for three-fifths
  of total commodity exports. The index is
  apportioned into three sections rural, non rural
  and base metals.
• The non-rural index comprises base metals (which
  consist of aluminium, copper, nickel, zinc and
  lead) coking coal, steaming coal, gold, iron ore,
  alumina and LNG.
• The RBA index is a fixed weight Laspeyres index
  using 2001-02 as the base year and excludes crude
  oil.
• The index is compiled monthly and is expressed in
  US dollars, Australian dollars and Special
  Drawing Rights (SDR).
• SDR is a unit of account used by the
  International Monetary Fund (IMF). Its value is
  based on a basket of currencies comprising the
  Euro, Japanese yen, English Pound and US dollar.

Source Reserve Bank of Australia
7
RBA Non-Rural Commodity Price IndexIndex year
2001-02 100
Source Reserve Bank of Australia
8
Average Price Comparison 2006-07 to 2007-08
Source LME, Kitco, TEX Report, Metal Prices
9
Australian to US Dollar Exchange Rate
Source Reserve Bank of Australia
10
Australian Terms of Trade
Source Australian Bureau of Statistics 5206.0
11
Consumer Price Index
Source Australian Bureau of Statistics 6401.0
12
Unemployment and Participation Rates(Aged 15 and
over Trend series)
Source Australian Bureau of Statistics (ABS)
6202.0.55.001. The ABS considers trend measures,
which remove the irregular component from
seasonally adjusted data, as the best guide to
underlying movements and the most suitable for
business decisions and policy advice.
13
Industrial Disputes Days Lost Per 1000 Employees
Source Australian Bureau of Statistics
6321.0.55.001.
14
Global Growth Rates (Real GDP)
Country/Region 2007 2008 2009 2010
Change from Previous Period World 5.0 3.9 3.0
4.2 Advanced Economies 2.6 1.5 0.5 2.0 Australia
4.2 2.5 2.2 3.1 China 11.9 9.7 9.3 9.8 India
9.3 7.9 6.9 7.7 Japan 2.1 0.7 0.5 1.3 Korea 5.
0 4.1 3.5 5.2 United States 2.0 1.6 0.1 2.0
projected data
Source IMF - World Economic Outlook October 2008
15
Capital ExpenditureWestern Australia and
Australia
Source Australian Bureau of Statistics 5625.0.
16
State Share of Total Australian Merchandise
Exports
excludes exports of servicesNote Shares
calculated by excluding re-exportsSource
Australian Bureau of Statistics 5368.0.
17
Australian Merchandise Exportsby state, 2007-08
Financial Year
excludes exports of servicesNote Shares
calculated by excluding re-exportsSource
Australian Bureau of Statistics
18
Western Australian Merchandise Exports Total
Value 68.8 Billion, 2007-08
excludes exports of servicesSource
Australian Bureau of Statistics 5368.0.
19
Australian Merchandise and Services Exportsby
state, 2006-07 Financial Year
Source Australian Bureau of Statistics
5220.0. 2007-08 GSP data will be available in
November 2008.
20
The Western Australian Resources Sector Vital
for the Economy

• The mining industry contributed over 30 to Gross
  State Product in 2006-07.
• At 51.2, Western Australia has the largest share
  of mineral exploration in Australia. The value of
  mineral exploration in the state was 1,260
  million in 2007-08.
• At 72, Western Australia dominated the petroleum
  exploration in Australia. The value of petroleum
  exploration in the state was 2,175 million in
  2007-08.
• Minerals and petroleum exports accounted for 85
  or 56.6 billion of the States merchandise
  exports, underpinning Western Australias
  impressive trade surplus in 2007-08.
• From 2002-03 to 2007-08, new capital investment
  in the mining sector more than tripled (up 13.2
  billion or 339.9) to reach over 17 billion in
  2007-08.
• The resource sector generated 58.6 billion in
  commodity sales in 2007-08, resulting in 2.3
  billion in mining and petroleum royalties.

Sources Department of Industry and Resources,
Australian Bureau of Statistics
21
Direct Employment in the Western Australian
Mining Sector
Onsite staff contractors only, excludes
exploration and petroleum sectors.Source
Department of Consumer and Employment Protection.
22
Mining Investment
Source Australian Bureau of Statistics 5625.0.
23
Construction Industry Implicit Price Deflators
Source Australian Bureau of Statistics
8782.0.65.001
24
Western Australian Mineral and Petroleum Sales
Total Value 58.6 billion, 2007-08
Propane and ButaneSource Department of
Industry and Resources
25
Western Australian Petroleum Exports
2007-08Total Value 10.7 billion
Source Department of Industry and Resources.
26
Western Australian Iron Ore Exports 2007-08Total
Value 20.5 billion
Source Department of Industry and Resources.
27
Increasing Value of Western AustraliasResource
Production - A Million
Source Department of Industry and Resources
28
Value of Western Australian Resource Production
2006-07 versus 2007-08
Source Department of Industry and Resources
29
Western Australian Mineral and Petroleum
Royalties 2007-08, Total Value 2.3 Billion
Note All royalty receipts are only those paid
into the States Consolidated Revenue Fund during
the period. It does not include royalty receipts
collected on behalf of the Commonwealth.
Source Department of Industry and Resources
30
Western Australian Royalties as a Share of State
Revenue
Source WA Treasury Department - Budget Papers
2007-08 is an estimated figure
31
Western Australian Mineral and PetroleumRoyalties
Receipts
Source Department of Industry and Resources.
32
Western Australian and AustralianMineral
Exploration Expenditure
Excludes petroleum exploration
expenditureSource Australian Bureau of
Statistics.
33
Australian Mineral Exploration Expenditureand
Metres Drilled
Excludes petroleum exploration
expenditureSource Australian Bureau of
Statistics 8412.0.
34
Western Australian Mineral Exploration
Expenditure and Implied Metres Drilled
Excludes petroleum exploration
expenditure,Estimate based upon Australian
totals Source Australian Bureau of Statistics
8412.0.
35
Western Australian and AustralianPetroleum
Exploration Expenditure
Source Australian Bureau of Statistics 8412.0.
36
Western Australian Resources Production As a
Percentage of Total Australian Resource Production
Source Department of Industry and Resources and
ABARE.
37
Western Australian Value of Resources Production
Source Department of Industry and Resources.
38
Value of Resources Production by Region
2007-08Total Value 58.6 billion
Source Department of Industry and Resources.
39
Selected Western Australian Commodities Relative
to World Production (by quantity) 2007-08
Source Department of Industry and Resources,
ABARE and USGS
40
Western Australian Value of Selected Commodities
Source Department of Industry and Resources.
41
Western Australian Share of World Production for
2007 (by quantity)

• Tantalum 61
• Garnet 49
• Zircon 27
• Iron Ore 18
• Rutile 17
• Ilmenite 16
• Alumina 15
• Nickel 13
• Diamonds (mainly industrial grade) 11
• LNG (seaborne trade) 7
• Gold 6
• Salt 4

Source Department of Industry and Resources,
ABARE and USGS