Australian Government: Department of Innovation, Industry, Science and Research

Australian Innovation
System
Report 2013

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Introduction

This compendium examines trends and statistics for each industry or sector in the Australian economy. Charts and data for each industry show key statistics and emerging trends. While Australia’s economy is among the soundest in the OECD, there are significant divergences between industries and subsectors. Some of which have been exacerbated by the global financial crisis (GFC).

Data was not consistently available for all industries and subsectors. Data exists for industry value-added, employment, and input–output, but other data was available only for some subsectors. While this compendium strives to provide the most complete picture possible, some variances and gaps were unavoidable.

Throughout the publication, the latest available data is used. Most data are available up to the end of 2011–12. Some data (including R&D and input–output) may be slightly more dated than industry data.

The following points apply to the data in this compendium:

  • Industry value-added data is in chain volume terms.
  • Budgetary assistance (which is a subset of industry assistance) includes both direct outlays and tax concessions.
  • Input–output data exclude ‘re-inputs’ (inputs from one part of an industry into another part of the same industry), as such data is subject to distortion and double counting.
  • Tariff penalties (referenced in the policy sections) result from tariffs on some goods that increase their cost, imposing additional costs for industries that use them as inputs. Such industries are considered to be subject to tariff penalties.
  • The measure of labour productivity used in the compendium is defined as gross domestic product (GDP) per hour worked. Each chapter covers a separate industry or subsector. Each industry chapter includes five to six Figures (depending on data availability) illustrating key attributes of that industry. The manufacturing industry chapter includes additional data and a series of smaller chapters on each subsector. While data at the subsector level is more limited, this focus on manufacturing subsectors is warranted, given the breadth of manufacturing and the importance of the industry to policymakers and economists.It is expected that this publication will be updated periodically to cover emerging trends.