The BHP (ASX:BHP) share price is flat in 2021. But how much has the company contributed to the Australian economy?

BHP has released its Australian economic contribution figures for the 2021 financial year.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The BHP Group Ltd (ASX: BHP) share price hasn't gone anywhere over the past 9 months, since falling in mid-August. This is in stark contrast to when the miner registered gains of close to 30% before its steep drop.

Clearly, the sinking iron ore spot price along with the Chinese government's efforts to reduce reliance is affecting BHP shares.

But you may be wondering, despite the current woes, how much has BHP contributed to the Australian economy in 2021?

Lots of hands reach in to take a share of a birthday cake.

Image source: Getty Images

BHP's contribution to Australia

BHP released its Australian economic contribution figures for the 2021 financial year in a statement to the ASX.

A key driver of the country's economic engine, BHP has injected a total of $34.1 billion. This comprises $11.1 billion in payments to suppliers, $6 billion in dividend and interest payments to investors, $100 million in social investments, and $4.5 billion in employee payments.

In addition, the total payment to the Australian government came in at around $12.4 billion. The amount relates to Australian taxes, royalties and other payments to governments, accounting for 41.4% of the total economic output.

State royalties include $3 billion to Western Australia, $402 million to Queensland, $102 million to South Australia, $83 million to New South Wales, and $444 million in other payments to federal and state governments.

Looking over the last 10 years, BHP has contributed about $80.3 billion to the Australian economy.

BHP share price summary

Since this time last year, BHP shares have moved 11% higher. Year to date though, shares are down around 1%.

At the time of writing, the BHP share price is adding pressure, down 0.86% to $41.68 today. BHP shares have lost close to 20% in value in the past month, including a 6% drop on 2 September when the company went ex-dividend.

BHP commands a market capitalisation of roughly $123 billion, making it the third largest company on the ASX.

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ASX Share Market News

Happy woman working on a laptop.
ASX Share Market News

5 things to watch on the ASX 200 on Tuesday

There are some big results to watch out for on the ASX today.

Read more »

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a sour start to the trading week today.

Read more »

Woman checking out new laptops.
Consumer Staples & Discretionary Shares

Down 14% today: Are JB Hi-Fi shares now a bargain-bin buy?

Could JB's plunge mean a bargain buy?

Read more »

A young woman holds her hand to her ear and leans sideways as if to listen to something that's surprising her as her eyes and her mouth are wide open.
ASX Share Market News

Why Lendlease, A2 Milk and JB Hi Fi shares are turning heads on Monday

Lendlease, A2 Milk and JB Hi-Fi shares are making waves on Monday. But why?

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Broker Notes

Macquarie says this Gina Rinehart-backed miner could pile on more than 150% in value

A big jump in rare earths resources has the analysts interested.

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
ASX Share Market News

These are the 10 most shorted ASX shares

Short sellers have their eyes on these shares.

Read more »

Two IT professionals walk along a wall of mainframes in a data centre discussing various things
Broker Notes

Data centre work could help drive this ASX industrial stock to a record high

This company has a track record of strong growth.

Read more »

Two men in business attire play chess.
Mergers & Acquisitions

Steadfast Group shares in focus after $6.00 per share takeover proposal update

Exclusive talks have been extended until 21 August.

Read more »