Income approach: GSP (I)

Total factor income

In 2019-20, total factor income, in current prices, was $25.1 billion, an increase of 7.0% compared to 2018-19. The gross operating surplus and gross mixed income (GOS / GMI) was $13.3 billion, 53% of the total factor income. The compensation of employees was $11.8 billion. Compensation of employees (COE) decreased by 0.4% and GOS / GMI increased by 14.5% for all industries.

Compensation of employees

In 2019-20, compensation of employees (wages / salaries and employer’s social contribution) decreased by 0.4% to $11.8 billion. The industry sectors with higher compensation of employees included:

  • public administration and safety ($2.6 billion)
  • health care and social assistance ($1.8 billion)
  • mining ($1.2 billion)
  • construction ($1.2 billion)
  • education ($1.1 billion).

In 2019-20, industry sectors where compensation of employees reported the largest decreases were:

  • wholesale trade (down 13.9%)
  • construction (down 10.7%)
  • financial and insurance services (down 9.1%).
  • information, media and telecommunication services (down 5.6%)
  • arts and recreation services (down 4.8%)
  • accommodation and food services (down 4.0%).

Partially offset by increases in:

  • agriculture, forestry and fishing (up 5.6%)
  • health care and social assistance (up 4.9%)
  • public administration and safety (up 3.2%).

Gross operating surplus and gross mixed income

In 2019-20, GOS / GMI increased by 14.5% to $13.3 billion. The industry sectors with higher GOS / GMI included:

  • mining ($6.0 billion)
  • ownership of dwellings ($2.2 billion)
  • manufacturing ($707 million)
  • agriculture, forestry and fishing ($538 million)
  • financial and insurance services ($451 million)
  • public administration and safety ($388 million)
  • construction ($386 million).

In 2019-20, the sectors where GOS / GMI grew most were:

  • mining (up 41.6%)
  • administrative and support services (up 30.0%)
  • retail trade (27.2%)
  • health care and social assistance (up 13.2%)
  • information, media and telecommunication services (up 9.0%).

The sectors where GOS / GMI declined the most were:

  • rental, hiring and real estate services (down 21.5%)
  • transport (down 8.2%)
  • wholesale trade (down 7.2%)
  • agriculture, forestry and fishing (down 6.1%).

Source: Australian Bureau of Statistics catalogue number 5220.0

GSP per capita

Northern Territory (NT) gross state product (GSP) per capita increased by 5.7% to $106,851 in 2019-20, and had the second highest GSP per capita of all jurisdictions behind Western Australia (GSP per capita of $110,752). Nationally, GSP per capita was $76,305. 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

Gross household income per capita

GSP per capita does not provide a complete measure of income received by NT residents. Some income generated in the production process may be transferred out of the NT, or income may be received from outside the NT. As a result, gross household income per capita is the preferred measure of households’ economic wellbeing.

In 2019-20, the NT’s gross household income per capita (in current prices) increased by 2.1% to $67,704, the second highest of the jurisdictions behind the Australian Capital Territory ($92,810). Nationally, gross household income per capita increased by 3.9% to $51,394.


Last updated: 11 January 2021

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