D EPARTMENT OF THE T REASURY CEDA 40th Anniversary AGM Dinner Dr Ken Henry 19 November 2001

D EPARTMENT OF THE T REASURY 1. Industry sector shares Source: ABS

D EPARTMENT OF THE T REASURY 2. Decade average GDP growth and volatility

D EPARTMENT OF THE T REASURY 3. Decade average inflation rate Source: ABS

D EPARTMENT OF THE T REASURY 4. Unemployment rate Source:ABS

D EPARTMENT OF THE T REASURY 5. Decade average GDP per capita growth Source:

D EPARTMENT OF THE T REASURY 6. Decade average GDP per capita growth; Australia vs OECD

D EPARTMENT OF THE T REASURY 7. Trade Intensity ( to )

D EPARTMENT OF THE T REASURY 8. Trade Intensity ( to )

D EPARTMENT OF THE T REASURY 9. Effective rate of tariff assistance* *Includes tariff equivalent of quotas

D EPARTMENT OF THE T REASURY 10. Structural Reform Timeline Transport Communications National Competition Policy Finance and Taxation Traded Goods Utilities

D EPARTMENT OF THE T REASURY 11. Current account balance Source: ABS

D EPARTMENT OF THE T REASURY 12. Decade average productivity growth

D EPARTMENT OF THE T REASURY 13. Decomposition of GDP per capita growth Multi-factor productivity Capital deepening Average hours worked Unemployment rate Participation rate Population of working age Labour productivity Labour employed as proportion of population GDP per capita

D EPARTMENT OF THE T REASURY 14a. Components of GDP per capita growth - working age population

D EPARTMENT OF THE T REASURY 14b. Components of GDP per capita growth - participation rate

D EPARTMENT OF THE T REASURY 14c. Components of GDP per capita growth - unemployment rates

D EPARTMENT OF THE T REASURY 14d. Components of GDP per capita growth - average hours worked Employment effect

D EPARTMENT OF THE T REASURY 15. Average weekly hours worked

D EPARTMENT OF THE T REASURY 14d. Components of GDP per capita growth - average hours worked Employment effect

D EPARTMENT OF THE T REASURY 14e. Components of GDP per capita growth - capital deepening Employment effect

D EPARTMENT OF THE T REASURY 14f. Components of GDP per capita growth - multi-factor productivity Employment effect Labour productivity (hours)

D EPARTMENT OF THE T REASURY CEDA 40th Anniversary AGM Dinner Dr Ken Henry 19 November 2001