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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 on theme: "The Paths to Increasing Australian Prosperity Address by the Treasurer, Peter Costello MP, to the Australian Financial Review Leaders' Luncheon, Sydney,"— Presentation transcript:

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

2 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

3 Components of average annual GDP growth over the last 40 years 0 1 2 3 4 PopulationShare of population 15+ Participation rate Unemployment rate Average hrs worked Labour productivity Real GDP 0 1 2 3 4 PopulationParticipation Productivity Percentage Contribution

4 Child and aged to working-age ratios 0 10 20 30 40 50 60 70 19721982199220022012202220322042 0 10 20 30 40 50 60 70 ChildAgedCombined Per cent


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