Current Prices price’ estimates are valued at the prices of the period to which the observation ‘Current relates otherwise known as of the day’. For example, estimates for 2015-16 are – ‘dollars valued using 2015-16 prices and estimates for 2006-07 are valued using 2006-07 prices. Current price time series therefore include the effect of inflation. This effect is later removed using a range of different price deflators. 5 Value of Building Work Done (private and public commercial sectors), $ million (current dollars) Retail Aged Health and care term facilities and trade $2,859 $1,673 $719 $734 $1,011 $780 $4,563 $2,530 $928 $932 $1,407 $1,133 $4,971 $3,227 $991 $1,236 $1,655 $1,309 $5,381 $3,300 $1,365 $1,555 $1,887 $1,335 $6,522 $3,614 $1,366 $1,859 $2,206 $1,495 $5,063 $5,902 $1,152 $2,464 $2,037 $1,293 $4,787 $13,892 $792 $3,348 $2,171 $833 $5,616 $7,032 $761 $3,877 $2,120 $1,071 $5,136 $4,806 $790 $4,384 $2,271 $1,114 $5,732 $4,891 $978 $4,944 $2,222 $1,086 $6,368 $4,767 $1,135 $5,130 $2,116 $1,351
Current Prices ‘Current price’ estimates are valued at the prices of the period to which the observation relates – otherwise known as ‘dollars of the day’. For example, estimates for 2015-16 are valued using 2015-16 prices and estimates for 2006-07 are valued using 2006-07 prices. Current price time series therefore include the effect of inflation. This effect is later removed using a range of different price deflators. 5 Value of Building Work Done (private and public commercial sectors), $ million (current dollars) Retail and trade Aged care facilities Health and term $2,859 $1,673 $719 $734 $1,011 $780 $4,563 $2,530 $928 $932 $1,407 $1,133 $4,971 $3,227 $991 $1,236 $1,655 $1,309 $5,381 $3,300 $1,365 $1,555 $1,887 $1,335 $6,522 $3,614 $1,366 $1,859 $2,206 $1,495 $5,063 $5,902 $1,152 $2,464 $2,037 $1,293 $4,787 $13,892 $792 $3,348 $2,171 $833 $5,616 $7,032 $761 $3,877 $2,120 $1,071 $5,136 $4,806 $790 $4,384 $2,271 $1,114 $5,732 $4,891 $978 $4,944 $2,222 $1,086 $6,368 $4,767 $1,135 $5,130 $2,116 $1,351
commercial-building-learning-rates-report-2017.docx