Cradle Coast RegionEconomic profile
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Cradle Coast Region

Value added

In the Cradle Coast Region, Agriculture, Forestry and Fishing is the most productive industry, generating $739 million in 2015/16.

Value added by industry is an indicator of business productivity in Cradle Coast Region. It shows how productive each industry sector is at increasing the value of its inputs. It is a more refined measure of the productivity of an industry sector than output (total gross revenue), as some industries have high levels of output but require large amounts of input expenditure to achieve that.

By comparing the value added of each industry sector to a regional benchmark, you can clearly see the structure of Cradle Coast Region’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.

To see what contribution each industry makes to the state or region, see the Industry sector analysis section. To understand the value of a worker in each industry, view this dataset in conjunction with Worker productivity data, and to see the relationship of value added to the total size of the economy, go to the Gross Regional Product section.

Detailed notes about how the figures are derived can be found in the specific topic notes section.

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.
Value added by industry sector
Cradle Coast Region - Constant prices2015/162010/11Change
Industry
(Click rows to view sub-categories)
$m%Greater Hobart%$m%Greater Hobart%2010/11 to 2015/16
Agriculture, Forestry and Fishing739.015.63.4694.115.03.2+44.9
Mining215.84.50.2231.95.00.2-16.1
Manufacturing610.112.85.5677.914.76.7-67.8
Electricity, Gas, Water and Waste Services209.04.47.1174.53.88.7+34.5
Construction353.17.47.6334.87.37.2+18.3
Wholesale Trade203.14.32.9189.74.13.1+13.4
Retail Trade305.16.47.1274.96.06.6+30.2
Accommodation and Food Services133.02.83.4126.32.73.4+6.6
Transport, Postal and Warehousing500.210.56.1485.110.56.2+15.1
Information Media and Telecommunications52.21.14.449.51.13.9+2.7
Financial and Insurance Services162.63.47.5166.73.68.1-4.1
Rental, Hiring and Real Estate Services88.91.93.170.41.52.6+18.6
Professional, Scientific and Technical Services94.42.05.579.41.74.7+14.9
Administrative and Support Services110.12.32.0131.12.82.4-21.0
Public Administration and Safety192.04.010.0214.74.711.6-22.8
Education and Training279.55.99.0271.75.98.5+7.9
Health Care and Social Assistance382.58.011.5330.27.29.2+52.3
Arts and Recreation Services14.50.31.012.70.31.0+1.8
Other Services106.92.32.7101.92.22.7+5.1

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.

Value added by industry sector 2015/16
Value added by industry sector 2015/16 Agriculture, Forestry and Fishing, Greater Hobart: 3.4% Mining, Greater Hobart: 0.2% Manufacturing, Greater Hobart: 5.5% Electricity, Gas, Water and Waste Services, Greater Hobart: 7.1% Construction, Greater Hobart: 7.6% Wholesale Trade, Greater Hobart: 2.9% Retail Trade, Greater Hobart: 7.1% Accommodation and Food Services, Greater Hobart: 3.4% Transport, Postal and Warehousing, Greater Hobart: 6.1% Information Media and Telecommunications, Greater Hobart: 4.4% Financial and Insurance Services, Greater Hobart: 7.5% Rental, Hiring and Real Estate Services, Greater Hobart: 3.1% Professional, Scientific and Technical Services, Greater Hobart: 5.5% Administrative and Support Services, Greater Hobart: 2.0% Public Administration and Safety, Greater Hobart: 10.0% Education and Training, Greater Hobart: 9.0% Health Care and Social Assistance, Greater Hobart: 11.5% Arts and Recreation Services, Greater Hobart: 1.0% Other Services, Greater Hobart: 2.7% Agriculture, Forestry and Fishing, Cradle Coast Region: 15.6% Mining, Cradle Coast Region: 4.5% Manufacturing, Cradle Coast Region: 12.8% Electricity, Gas, Water and Waste Services, Cradle Coast Region: 4.4% Construction, Cradle Coast Region: 7.4% Wholesale Trade, Cradle Coast Region: 4.3% Retail Trade, Cradle Coast Region: 6.4% Accommodation and Food Services, Cradle Coast Region: 2.8% Transport, Postal and Warehousing, Cradle Coast Region: 10.5% Information Media and Telecommunications, Cradle Coast Region: 1.1% Financial and Insurance Services, Cradle Coast Region: 3.4% Rental, Hiring and Real Estate Services, Cradle Coast Region: 1.9% Professional, Scientific and Technical Services, Cradle Coast Region: 2.0% Administrative and Support Services, Cradle Coast Region: 2.3% Public Administration and Safety, Cradle Coast Region: 4.0% Education and Training, Cradle Coast Region: 5.9% Health Care and Social Assistance, Cradle Coast Region: 8.0% Arts and Recreation Services, Cradle Coast Region: 0.3% Other Services, Cradle Coast Region: 2.3%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Cradle Coast Region in 2015/16 shows the three largest industries were:

  • Agriculture, Forestry and Fishing ($739 million or 15.6%)
  • Manufacturing ($610 million or 12.8%)
  • Transport, Postal and Warehousing ($500 million or 10.5%)

In combination these three industries accounted for $1,849 million in total or 38.9% of the total value added by industry in the Cradle Coast Region.

In comparison, the same 3 industries in Greater Hobart accounted for 3.4% in Agriculture, Forestry and Fishing; 5.5% in Manufacturing; and 6.1% in Transport, Postal and Warehousing.

The major differences between the value added by industries of the Cradle Coast Region and Greater Hobart were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (15.6% compared to 3.4%)
  • A larger percentage of value added by Manufacturing (12.8% compared to 5.5%)
  • A larger percentage of value added by Transport, Postal and Warehousing (10.5% compared to 6.1%)
  • A smaller percentage of value added by Public Administration and Safety (4.0% compared to 10.0%)

Change in value added by industry sector, 2010/11 to 2015/16
Change in value added by industry sector, 2010/11 to 2015/16 Agriculture, Forestry and Fishing, Cradle Coast Region: +$44.9 million Mining, Cradle Coast Region: -$16.1 million Manufacturing, Cradle Coast Region: -$67.8 million Electricity, Gas, Water and Waste Services, Cradle Coast Region: +$34.5 million Construction, Cradle Coast Region: +$18.3 million Wholesale Trade, Cradle Coast Region: +$13.4 million Retail Trade, Cradle Coast Region: +$30.2 million Accommodation and Food Services, Cradle Coast Region: +$6.6 million Transport, Postal and Warehousing, Cradle Coast Region: +$15.1 million Information Media and Telecommunications, Cradle Coast Region: +$2.7 million Financial and Insurance Services, Cradle Coast Region: -$4.1 million Rental, Hiring and Real Estate Services, Cradle Coast Region: +$18.6 million Professional, Scientific and Technical Services, Cradle Coast Region: +$14.9 million Administrative and Support Services, Cradle Coast Region: -$21.0 million Public Administration and Safety, Cradle Coast Region: -$22.8 million Education and Training, Cradle Coast Region: +$7.9 million Health Care and Social Assistance, Cradle Coast Region: +$52.3 million Arts and Recreation Services, Cradle Coast Region: +$1.8 million Other Services, Cradle Coast Region: +$5.1 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the Cradle Coast Region increased by 134.7 million between 2010/11 and 2015/16.

The largest changes in the value added by industries between 2010/11 and 2015/16 in the Cradle Coast Region were for:

  • Manufacturing (-$68 million)
  • Health Care and Social Assistance (+$52 million)

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