The Paths to Increasing Australian Prosperity Address by the Treasurer, Peter Costello MP, to the Australian Financial Review Leaders' Luncheon, Sydney,

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Presentation transcript:

The Paths to Increasing Australian Prosperity Address by the Treasurer, Peter Costello MP, to the Australian Financial Review Leaders' Luncheon, Sydney, 7 August 2002

Determinants of GDP Capital deepening Multifactor productivity Average hours worked Unemployment rate Participation rate Share of population 15+ Total population Productivity Participation Population Employment GDP

Components of average annual GDP growth over the last 40 years PopulationShare of population 15+ Participation rate Unemployment rate Average hrs worked Labour productivity Real GDP PopulationParticipation Productivity Percentage Contribution

Child and aged to working-age ratios ChildAgedCombined Per cent