Cradle Coast RegionEconomic profile
Skip to content

King Island Council area

Location quotient by industry

In 2015/16, Agriculture, Forestry and Fishing was a major specialisation in King Island Council area in terms of Employment (Total).

The location quotient is a simple way of seeing which are the main industries in an area, relative to the wider region. LQ shows the percentage of the local economy characteristic (eg. employment, value add) in a particular industry divided by the percentage of the wider area (region, state, nation) that this industry makes up.

  • Where LQ=1, that industry is exactly as prevalent as in the wider region.
  • A LQ greater than 1.2 indicates a significant specialisation of the industry in the local area – possibly a key economic strength. Higher numbers mean greater specialisations. Anything over 2 is a major specialisation.
  • A LQ between 0.8 and 1.2 means the industry is broadly similar in importance in the local area compared to the comparison region and could be seen as representative.
  • An LQ under 0.8 indicates an industry which is more important in the region than the local area, and may represent an economic weakness or opportunity for growth.

LQs should be analysed in combination with the proportional economic share that industry represents. For example, an industry with an LQ of 2 reveals a specialisation but if that industry only represents 3% of the local economy, it may not be significant. Compare with the figures on the Employment by industry (Total), Employment by industry (FTE), Value added pages for this context.

National Economics (NIEIR) - Modelled series

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Location quotient
King Island Council area - Employment (Total)2015/162010/11Change
Industry
(Click rows to view sub-categories)
%Greater Hobart %Location Quotient (Greater Hobart)%Greater Hobart %Location Quotient (Greater Hobart)2010/11 to 2015/16
Agriculture, Forestry and Fishing24.51.319.2726.41.419.05+0.01
Mining0.00.10.000.00.20.000
Manufacturing16.15.42.9619.26.62.91+0.02
Electricity, Gas, Water and Waste Services2.12.10.991.72.30.72+0.38
Construction5.97.10.844.27.30.57+0.46
Wholesale Trade2.02.80.733.12.91.10-0.34
Retail Trade7.711.60.678.311.40.73-0.09
Accommodation and Food Services5.47.00.774.87.00.68+0.14
Transport, Postal and Warehousing6.63.51.885.33.61.45+0.30
Information Media and Telecommunications0.32.10.130.32.20.13-0.02
Financial and Insurance Services0.62.90.210.63.00.21+0.01
Rental, Hiring and Real Estate Services1.51.60.950.61.60.41+1.33
Professional, Scientific and Technical Services1.36.80.191.26.70.18+0.05
Administrative and Support Services3.12.71.173.02.61.15+0.01
Public Administration and Safety7.812.90.617.713.00.59+0.03
Education and Training5.110.60.484.39.70.45+0.07
Health Care and Social Assistance6.013.30.455.612.60.44+0.01
Arts and Recreation Services0.62.20.280.82.10.36-0.24
Other Services3.44.00.853.14.00.76+0.12

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.
Location quotient is the percentage of total in the area relative to the same percentage in the selected benchmark area.

Location quotient by industry sector 2015/16
Location quotient by industry sector 2015/16 Agriculture, Forestry and Fishing for King Island Council area relative to Greater Hobart location quotient: 19.27 Mining for King Island Council area relative to Greater Hobart location quotient: 0.00 Manufacturing for King Island Council area relative to Greater Hobart location quotient: 2.96 Electricity, Gas, Water and Waste Services for King Island Council area relative to Greater Hobart location quotient: 0.99 Construction for King Island Council area relative to Greater Hobart location quotient: 0.84 Wholesale Trade for King Island Council area relative to Greater Hobart location quotient: 0.73 Retail Trade for King Island Council area relative to Greater Hobart location quotient: 0.67 Accommodation and Food Services for King Island Council area relative to Greater Hobart location quotient: 0.77 Transport, Postal and Warehousing for King Island Council area relative to Greater Hobart location quotient: 1.88 Information Media and Telecommunications for King Island Council area relative to Greater Hobart location quotient: 0.13 Financial and Insurance Services for King Island Council area relative to Greater Hobart location quotient: 0.21 Rental, Hiring and Real Estate Services for King Island Council area relative to Greater Hobart location quotient: 0.95 Professional, Scientific and Technical Services for King Island Council area relative to Greater Hobart location quotient: 0.19 Administrative and Support Services for King Island Council area relative to Greater Hobart location quotient: 1.17 Public Administration and Safety for King Island Council area relative to Greater Hobart location quotient: 0.61 Education and Training for King Island Council area relative to Greater Hobart location quotient: 0.48 Health Care and Social Assistance for King Island Council area relative to Greater Hobart location quotient: 0.45 Arts and Recreation Services for King Island Council area relative to Greater Hobart location quotient: 0.28 Other Services for King Island Council area relative to Greater Hobart location quotient: 0.85
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Change in LQ by industry sector, 2010/11 to 2015/16
Change in LQ by industry sector, 2010/11 to 2015/16 Agriculture, Forestry and Fishing, Change: 0.01 Mining, Change: 0 Manufacturing, Change: 0.02 Electricity, Gas, Water and Waste Services, Change: 0.38 Construction, Change: 0.46 Wholesale Trade, Change: -0.34 Retail Trade, Change: -0.09 Accommodation and Food Services, Change: 0.14 Transport, Postal and Warehousing, Change: 0.30 Information Media and Telecommunications, Change: -0.02 Financial and Insurance Services, Change: 0.01 Rental, Hiring and Real Estate Services, Change: 1.33 Professional, Scientific and Technical Services, Change: 0.05 Administrative and Support Services, Change: 0.01 Public Administration and Safety, Change: 0.03 Education and Training, Change: 0.07 Health Care and Social Assistance, Change: 0.01 Arts and Recreation Services, Change: -0.24 Other Services, Change: 0.12
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

A location quotient of greater than 1.2 is generally considered a level of industry specialisation, while a LQ of 0.8 or less indicates an industry which doesn’t have a major presence in the area.

An analysis of employment (Total) in King Island Council area in 2015/16 shows the three industries with the highest location quotient relative to Greater Hobart were:

  • Agriculture, Forestry and Fishing (19.3)
  • Manufacturing (3.0)
  • Transport, Postal and Warehousing (1.9)

The three industries with the lowest location quotient relative to Greater Hobart were:

  • Mining (0.0)
  • Information Media and Telecommunications (0.1)
  • Professional, Scientific and Technical Services (0.2)

Emerging groups

Changes in location quotients over time reveal emerging or declining industry specialisations.

The largest changes in the employment (Total) LQ between 2010/11 and 2015/16 in King Island Council area were for these industries:

  • Rental, Hiring and Real Estate Services (+1.3)
  • Construction (+0.5)
  • Electricity, Gas, Water and Waste Services (+0.4)
  • Wholesale Trade (-0.3)

v17.10.06-1.0.0