Northern Territory economy fast facts

The Fast Facts publication provides a summary of the latest economic statistics for the Northern Territory. Each of the headings is hyper-linked to the latest economic brief or relevant data source.

   Northern TerritoryAustralia
Gross state product   
2016-17   $25.4B $1,692.1B
Year-on-year change   ↑3.9% ↑2.0%
State final demand   
June quarter 2018 change (seasonally adjusted)   ↓2.3% ↑0.6%
Year-on-year change (original)  ↓2.8% ↑3.5%
International trade goods exports   
Year to September 2018  $6.1B $328.0B
Year-on-year change   ↑$0.8B $25.3B
International trade goods imports   
Year to September 2018  $1.9B $310.1B
Year-on-year change   ↑$0.3B $27.8B
Population   
March quarter 2018 (persons)   246,688 24.9M
Annual change   ↑0.1% ↑1.6%
Employment    
September 2018 change (trend)  ↓0.5% ↑0.2%
Year-on-year change (original)   ↓0.6% ↑2.9%
Unemployment rate   
September 2018 (trend)   4.1% 5.2%
Annual change (trend)  ↓0.1ppt ↓0.3ppt
Labour force participation rate   
September 2018 (trend)   75.3% 65.6%
Annual change (trend)   ↑0.4ppt ↑0.3ppt
Consumer price index (CPI)1   
September quarter 2018 change (original)  ↑0.6% ↑0.4%
Annual change (original)   ↑1.3% ↑1.9%
Year-on-year change (original)   ↑1.1% ↑1.9%
Wage price index (WPI)   
June quarter 2018 change (original)   ↑0.6% ↑0.4%
Year-on-year change (original)   ↑1.3% ↑2.1%
Construction work done   
June quarter 2018 change (trend)  ↓11.6% ↑2.0%
Year-on-year change (original)   ↓3.9% ↑11.4%
Building approvals   
September 2018 change (trend)  6.9% 1.9%
Year-on-year change (original)  28.2% 3.2%
Darwin median house and unit prices(Updated 8 November 2018)UnitHouse
September quarter 2018  $352,500 $497,500
Annual change   ↓13.0% ↓0.5%
Darwin average house and unit rents(Updated 8 November 2018)UnitHouse
September quarter 2018  $351 $373
Annual change   ↓4.1% ↓22.1%
Darwin house and unit vacancy rates(Updated 8 November 2018)UnitHouse
September quarter 2018  8.1% 6.7%
Annual change   ↓2.4ppt ↓0.6ppt
Sensis business index   
June quarter 2018 net balance   28% 49%
Retail trade   
September 2018 change (trend)  0.9% 0.2%
Year-on-year change (original)  0.6% 2.7%
Household consumption   
June quarter 2018 change (seasonally adjusted)
  ↑0.6% ↑0.7%
Year-on-year change (original)   ↑1.9% ↑3.0%
Retail fuel prices (Updated 5 November 2018)  
Unleaded petrol monthly average, week end 4 November 2018   170.4.4cpl 158.4cpl
Annual change  35.0cpl 27.4 cpl
Diesel monthly average, week end 4 November 2018   178.1cpl 164.4 cpl
Annual change  42.8cpl 34.8cpl
Internet job vacancies   
September 2018  change (trend)  ↓1.6% ↓0.6%
Annual change (trend)
 ↓9.3% ↑1.6%
   
Year to June 2018 (000)  1,712108,632
Year-on-year change  ↓10.8% ↑6.9%

ppt: percentage point; cpl: cents per litre
1  Consumer price index is for Darwin and the weighted 8 capital cities
Sources: Department of Treasury and Finance; Australian Bureau of Statistics, Australian Institute of Petroleum, Real Estate Institute of the Northern Territory, Sensis, Commonwealth Department of Jobs and Small Business.
Data is based on most recently available as at 9 November 2018.
Economic Group | Department of Treasury and Finance│economics.dtf@nt.gov.au