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?
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.