1. DEVELOPMENTS IN MACROECONOMIC STATISTICS Dennis Trewin Australian Statistician

2. OUTLINE OF TALK SNA Update Productivity Measures Satellite Accounts Prices Indexes International Comparison Program

3. UPDATES TO SYSTEM OF NATIONAL ACCOUNTS Why? What are the most important changes? When will they be introduced in Australia? Implementation Strategy Key issues of contention Introduction of a new industry classification

4. SOFTWARE PRICES

5. KEY ISSUES OF CONTENTION Unfunded pensions Expenditure on military equipment Expenditure on R&D Cost of capital services for government and other non-market producers

6. PRODUCTIVITY MEASURES Industry MFP measures Improved Hours Worked Statistics OECD and other efforts to improve comparability of productivity statistics Business Longitudinal Survey

7. INDUSTRY MULTI-FACTOR PRODUCTIVITY MEASURES

8. Figure 1: Average annual hours worked, 2000-04, for selected countries from OECD employment outlook with (a) current and (b) revised (weekday standardised) Australian estimates

9. 1.1 NET(a) ENERGY SUPPLY AND USE, Australia – 1997-98

10. 1.17 GREENHOUSE GAS EMISSIONS, Allocated to Final Uses – 1994-95

11. 1.2 WATER SUPPLY AND USE IN THE AUSTRALIAN ECONOMY – 2000-01

12. 2.1 WATER CONSUMPTION, Australia - 2000-01

13. GROSS-VALUE FOR SELECTED INDUSTRIES 2004-05 % Property and Business Services12.6 Manufacturing12.4 Finance and Insurance7.5 Construction6.8 Mining5.3 IC + T (1)4.9 Tourism3.7 Non-Profit Institutions (2)3.4 Agriculture3.3 Culture and Recreational Services1.5 (1)Share for 2002-03. (2)Share for 1999-00. Would increase to 4.9% if volunteer services are included.

14. CPI – FINANCIAL SERVICES

15. REVISIONS TO HOUSE PRICE INDEX (PERCENTAGE POINTS) Average Actual Average Absolute Size Sydney -0.3 0.3 Melbourne 0.5 Brisbane -0.3 0.4 Adelaide -0.1 0.5 Perth -0.2 0.5 Hobart -0.7 0.7 Darwin -1.3 1.3 Canberra 0.1 0.5 Australia 0.2 0.3 Note: Based on 3 observations only

16. SPATIAL PRICE INDEXES Sydney1.101.02 Melbourne1.011.00 Brisbane0.940.97 Adelaide0.970.99 Perth0.950.98 Hobart0.981.00 Darwin1.031.02 Canberra1.031.01 Note: 8 capital cities = 100 PURCHASING POWER PARITIES All Items Excluding Housing

17. PRICE AND PER CAPITA GDP COMPARISONS OECD 30100 Norway127145151 USA11198144 Ireland104122133 Switzerland128132119 Canada87101117 Australia80103113 United Kingdom101111109 Japan127114105 EU 1591105102 New Zealand7510188 Slovak Republic405653 Turkey456031 COMPARATIVE PRICE LEVELS (2002)(2005) PER CAPITA GDP (2005)