South Australia’s Strategic Plan is comprised of 100 targets. These targets are specific and measurable and enable us to measure our progress towards achieving the Plan’s visions and goals.

Each target is reported on through this section of the website. Data is analysed and uploaded as it becomes available.

Target:

38. Business investment:

Exceed Australia’s ratio of business investment as a percentage of the economy by 2014 and maintain thereafter



Key Measure

 

Explanatory Comments

This target is measured using private new capital expenditure (ABS Cat No 5625.0) as a proportion of Gross State Product (ABS 5220.0).

In 2014-15, private new capital expenditure as a proportion of Gross State Product (GSP) in South Australia was 6.2%. This is higher than the 2002-03 baseline figure of 5.2%. In comparison, the national level grew from 4.9% in 2002-03 to 9.6% in 2014-15.

South Australia had a higher ratio of business investment than Australia in the baseline year of 2002-03. In 2004-05, Australia overtook South Australia, with the gap between the Australian and South Australian figures widening to 3.4 percentage points by 2014-15. 

Lead Agency

Department of State Development