National Accounts

March quarter 2011

THE HONOURABLE WAYNE SWAN MP

DEPUTY PRIME MINISTER AND TREASURER
 Exports subtracted from GDP growth
(Contribution to quarterly GDP growth)
Percentage points Percentage points
1 1

0.4
0.3 0.3
0.2
Inventories Net Exports GDP
0 0
Household Dwelling New Business Public
Consumption Investment Investment Expenditure

-0.5

-1 -1

-1.2

-2 -2

-2.4

-3 -3
 Economic impact of natural disasters
(Effect on production by industry)
$billion (2008-09 prices) $billion (2008-09 prices)
1 1

0.3
0.0 0.0 0.0
0 0

-0.2 -0.3
-0.6 -0.6 -0.5
-1 -1
-0.9

-2 -2

-2.5
-3 -3

-4 -4

-5 -5
Dec-10 Mar-11 Jun-11
-5.3
-6 -6
Coal and iron ore Agriculture Tourism Other
 Mining investment pipeline
(Projects planned or under construction)
$billion $billion
125 125

100 100

75 75

50 50

25 25

0 0
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Source: ABS, ABARES and Treasury.
 Selected major resource projects
Ichthys LNG
Browse LNG

WA Offshore Oil and Gas

Prelude LNG

W heatstone LNG

Qld Coal and Coal Seam Gas to LNG

Gorgon LNG
North W est Shelf North BMA Bowen Basin
Rankin Redevelopment Coal expansions
Pilbara Iron Ore Australia Pacific LNG
China First Coal
Roy Hill 1
Pluto 1 LNG
Rio Tinto Chichester and Solomon Tad's Corner Coal
Pilbara Iron Hub expansions
Ore expansions W andoan Coal
BHP W A Iron Ore
expansions Gladstone LNG
Queensland Curtis LNG

Olympic Dam
Oakaj ee Port and Rail

Classification
Advanced Less advanced

Capital expenditure
US$5-10 billion US$10-20 billion > US$20 billion

Note: ABARES defines advanced projects as either ‘committed’ or ‘under construction’ and less advanced projects as those undergoing a feasibility
(in some cases, pre-feasibility) study, or that have not yet been subject to a final investment decision since the completion of a feasibility study.
Source: Indicative estimates based on ABARES, company reports and other publicly available information.
National Accounts

March quarter 2011

THE HONOURABLE WAYNE SWAN MP

DEPUTY PRIME MINISTER AND TREASURER