Editing Northern Territory (section)

==Economy==
{{See also|Australian economy}}

===Mining===
[[File:Ranger Uranium Mine in Kakadu National Park.jpeg|alt=|thumb|[[Ranger Uranium Mine]] in the [[Kakadu National Park]]]]
The Northern Territory's economy is largely driven by [[Mining in the Northern Territory|mining]], which is concentrated on energy producing [[mineral]]s, petroleum and energy and contributes around $2.5 billion to the [[Gross regional domestic product|gross state product]] and employs over 4,600 people. Mining accounts for 14.9% of the gross state product in 2014–15 compared to just 7% nationally.<ref>{{cite web |url=http://www.nt.gov.au/d/Minerals_Energy/index.cfm?header=About%20Minerals%20and%20Energy |title=About Minerals and Energy Department of Regional Development, Primary Industry, Fisheries and Resources |website=Nt.gov.au |date=16 September 2011 |access-date=23 January 2013 |archive-url=https://web.archive.org/web/20130523211519/http://www.nt.gov.au/d/Minerals_Energy/index.cfm?header=About%20Minerals%20and%20Energy |archive-date=23 May 2013 |url-status=dead }}</ref>

In recent years, largely due to the effect of major infrastructure projects and mine expansions, construction has overtaken mining as the largest single industry in the territory. Construction, mining and manufacturing, and government and community services, combine to account for about half of the territory's gross state product (GSP), compared to about a third of national gross domestic product (GDP).<ref name="Economy-Overview">{{cite web|url=https://www.budget.nt.gov.au/__data/assets/pdf_file/0006/277602/2016-17-Economy-Overview.pdf|title=Budget 2016-17 Northern Territory Economy Overview|access-date=16 February 2017|archive-url=https://web.archive.org/web/20170224040656/https://budget.nt.gov.au/__data/assets/pdf_file/0006/277602/2016-17-Economy-Overview.pdf|archive-date=24 February 2017|url-status=dead}}</ref>

The economy has grown considerably over the past decade, from a value of $15 billion in 2004–05 to over $22 billion in 2014–15. In 2012–13 the territory economy expanded by 5.6%, over twice the level of national growth, and in 2014–15 it grew by 10.5%, four times the national growth rate.<ref name="Economy-Overview"/>

Between 2003 and 2006 the gross state product had risen from $8.67 billion to $11.476 billion, an increase of 32.4%. During the three years to 2006–2007 the Northern Territory gross state product grew by an average annual rate of 5.5%. Gross state product per capita in the Northern Territory ($72,496) is higher than any Australian state or territory and is also higher than the gross domestic product per capita for Australia ($54,606).

The Northern Territory's exports were up 12.9% or $681 million in 2012–13. The largest contributor to the territory's exports was: mineral fuels (largely LNG), crude materials (mainly mineral ores) and food and live animals (primarily live cattle). The main international markets for territory exports are Japan, China, Indonesia, the United States and Korea.<ref>{{cite web |title=Northern Territory Economy Overview |year=2014 |url=http://www.treasury.nt.gov.au/_layouts/download.aspx?SourceUrl=/PMS/Publications/BudgetFinance/BudgetPapers/I-BP07-1415.docx |url-status=dead |archive-url=https://web.archive.org/web/20170321135743/http://www.treasury.nt.gov.au/_layouts/download.aspx?SourceUrl=%2FPMS%2FPublications%2FBudgetFinance%2FBudgetPapers%2FI-BP07-1415.docx |archive-date=2017-03-21 |access-date=2025-04-28 }}</ref>{{page needed |date=April 2025}}

Imports to the Northern Territory totalled $2,887.8 million which consisted of mainly machinery and equipment manufacturing (58.4%) and petroleum, coal, chemical and associated product manufacturing (17.0%).<ref name="ABS Economics">{{cite web | title = Northern Territory Economics | publisher = Australian Bureau of Statistics | url = http://www.abs.gov.au/ausstats/abs@.nsf/7d12b0f6763c78caca257061001cc588/9ee724f9094de980ca257384000dbaa1!OpenDocument | date = 31 October 2007 | access-date = 27 July 2008 | archive-date = 10 August 2008 | archive-url = https://web.archive.org/web/20080810023527/http://www.abs.gov.au/ausstats/abs@.nsf/7d12b0f6763c78caca257061001cc588/9ee724f9094de980ca257384000dbaa1!OpenDocument | url-status = live }}</ref>

The principal mining operations are bauxite at Gove Peninsula where the production is estimated to increase 52.1% to $254 million in 2007–08, manganese at Groote Eylandt, production is estimated to increase 10.5% to $1.1 billion which will be helped by the newly developed mines include Bootu Creek and Frances Creek, gold which is estimated to increase 21.7 per cent to $672 million at the Union Reefs plant and uranium at Ranger Uranium Mine.<ref>{{cite web |url=http://www.budget.nt.gov.au/papers/econ/8_mining_energy.pdf |title=Northern Territory Budget Mining and energy |url-status=dead |archive-url=https://web.archive.org/web/20080720225746/http://www.budget.nt.gov.au/papers/econ/8_mining_energy.pdf |archive-date=20 July 2008 |access-date=29 January 2017 }}</ref>

===Tourism===
Tourism is an important economic driver for the territory and a significant industry in regional areas.<ref name="economicprofile.com.au">{{cite web|url=https://www.economyprofile.com.au/|title=Australian Economy Profiles – by REMPLAN|website=Economyprofile.com.au|access-date=30 April 2019|archive-date=26 June 2019|archive-url=https://web.archive.org/web/20190626155811/https://www.economyprofile.com.au/|url-status=live}}</ref> Iconic destinations such as [[Uluru|Uluru / Ayers Rock]] and [[Kakadu National Park|Kakadu]] make the Northern Territory a popular destination for domestic and international travellers. Diverse [[landscapes]], [[waterfalls]], wide open spaces, [[Australian Aboriginal culture|aboriginal culture]] and wild and untamed [[wildlife]] provides the opportunity for visitors to immerse themselves in the natural wonder that the Northern Territory offers. In 2015, the territory received a total of about 1.6 million domestic and international visitors contributing an estimated $2.0 billion to the local economy. Holiday visitors made up the majority of total visitation (about 792,000 visitors).

Tourism has strong links to other sectors in the economy including accommodation and food services, retail trade, recreation and culture, and transport.<ref name="economicprofile.com.au"/>

[[Wide Open Space (festival)|Wide Open Space]] is an annual festival of music, arts and culture<ref name=hist>{{cite web | title=History | website=Wide Open Space Festival | url=http://wideopenspace.net.au/history/ | access-date=29 August 2021 | archive-date=29 August 2021 | archive-url=https://web.archive.org/web/20210829082117/http://wideopenspace.net.au/history/ | url-status=dead }}</ref> that takes place over three days at the [[Ross River Resort]] in the [[McDonnell Ranges]],<ref name=events/> around {{cvt|80|km}} east of Alice Springs.<ref>{{cite web | title=Getting to WOS | website=Wide Open Space Festival | date=29 August 2021 | url=http://wideopenspace.net.au/event_info/getting-to-wos/ | access-date=29 August 2021 | archive-date=29 August 2021 | archive-url=https://web.archive.org/web/20210829082110/http://wideopenspace.net.au/event_info/getting-to-wos/ | url-status=dead }}</ref> over three days in April/May.<ref name=events>{{cite web | title=Event Info | website=Wide Open Space Festival | url=http://wideopenspace.net.au/event_info/ | access-date=29 August 2021 | archive-date=29 August 2021 | archive-url=https://web.archive.org/web/20210829082114/http://wideopenspace.net.au/event_info/ | url-status=dead }}</ref>

===Other industries===
The Northern Territory announced that it will undertake a project which will benefit its [[marine industry]], including the development of a new Marine Industry Park near Darwin.{{when|date=August 2021}}<ref>{{cite web | title=NT's maritime industry to set sail | website=[[The Australian]] | url=https://www.theaustralian.com.au/sponsored/3F6nz0DIWHJLbSwwEtYz/nts-maritime-industry-to-set-sail | access-date=29 August 2021 | archive-date=29 August 2021 | archive-url=https://web.archive.org/web/20210829115121/https://www.theaustralian.com.au/sponsored/3F6nz0DIWHJLbSwwEtYz/nts-maritime-industry-to-set-sail | url-status=live }}</ref>