Australian Bureau of Statistics 1350.0 - Australian Economic
Indicators, Jan 2003 Previous ISSUE Released at 11:30 AM
(CANBERRA TIME) 10/01/2003 |Page tools: Print Page RSS Search
this Product| Feature Article - Impact of the Drought on
Australian Production in 2002-03 The graph below, in seasonally
adjusted chain volume terms, shows the projected outputs for
five major categories of agricultural output. Most of these data
are based on ABARE forecasts. It is clear that the major
expected impact of the drought in 2002-03 is on the output of
cereals. For a complete picture of the impact of the drought on
GDP the indirect effects of the drought must also be considered.
The relationships between direct and indirect impacts of the
drought on the national accounts are quite complex. For
instance, the reduced volume of grain produced means that less
road and rail freight will be required to move the crops from
the point of production to the various final users. Further, the
volume of throughput for the wholesale ind