Cradle Coast RegionEconomic profile
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King Island Council area

Value added

In King Island Council area, Agriculture, Forestry and Fishing is the most productive industry, generating $65 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
King Island Council area - 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 Fishing65.350.73.462.350.43.2+3.0
Mining0.00.00.20.00.00.20
Manufacturing15.211.85.517.814.46.7-2.6
Electricity, Gas, Water and Waste Services8.56.67.17.35.98.7+1.2
Construction4.03.17.62.92.47.2+1.1
Wholesale Trade1.81.42.92.72.23.1-0.8
Retail Trade3.62.87.14.03.36.6-0.4
Accommodation and Food Services2.21.73.41.91.53.4+0.3
Transport, Postal and Warehousing10.38.06.18.06.46.2+2.3
Information Media and Telecommunications0.50.44.40.50.43.9+0.1
Financial and Insurance Services1.91.47.51.81.58.10
Rental, Hiring and Real Estate Services1.91.53.10.30.22.6+1.6
Professional, Scientific and Technical Services0.60.55.50.50.44.7+0.1
Administrative and Support Services1.00.82.01.31.02.4-0.3
Public Administration and Safety5.24.010.06.04.811.6-0.8
Education and Training3.02.39.02.62.18.5+0.4
Health Care and Social Assistance2.21.711.52.11.79.2+0.2
Arts and Recreation Services0.30.21.00.30.31.00
Other Services1.41.12.71.31.02.7+0.1

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 2015-16 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, King Island Council area: 50.7% Mining, King Island Council area: 0.0% Manufacturing, King Island Council area: 11.8% Electricity, Gas, Water and Waste Services, King Island Council area: 6.6% Construction, King Island Council area: 3.1% Wholesale Trade, King Island Council area: 1.4% Retail Trade, King Island Council area: 2.8% Accommodation and Food Services, King Island Council area: 1.7% Transport, Postal and Warehousing, King Island Council area: 8.0% Information Media and Telecommunications, King Island Council area: 0.4% Financial and Insurance Services, King Island Council area: 1.4% Rental, Hiring and Real Estate Services, King Island Council area: 1.5% Professional, Scientific and Technical Services, King Island Council area: 0.5% Administrative and Support Services, King Island Council area: 0.8% Public Administration and Safety, King Island Council area: 4.0% Education and Training, King Island Council area: 2.3% Health Care and Social Assistance, King Island Council area: 1.7% Arts and Recreation Services, King Island Council area: 0.2% Other Services, King Island Council area: 1.1%
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 King Island Council area in 2015/16 shows the three largest industries were:

  • Agriculture, Forestry and Fishing ($65 million or 50.7%)
  • Manufacturing ($15 million or 11.8%)
  • Transport, Postal and Warehousing ($10 million or 8.0%)

In combination these three industries accounted for $91 million in total or 70.4% of the total value added by industry in King Island Council area.

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 King Island Council area and Greater Hobart were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (50.7% compared to 3.4%)
  • A larger percentage of value added by Manufacturing (11.8% compared to 5.5%)
  • A smaller percentage of value added by Health Care and Social Assistance (1.7% compared to 11.5%)
  • A smaller percentage of value added by Education and Training (2.3% compared to 9.0%)

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, King Island Council area: +$3.0 million Mining, King Island Council area: 0 million Manufacturing, King Island Council area: -$2.6 million Electricity, Gas, Water and Waste Services, King Island Council area: +$1.2 million Construction, King Island Council area: +$1.1 million Wholesale Trade, King Island Council area: -$0.8 million Retail Trade, King Island Council area: -$0.4 million Accommodation and Food Services, King Island Council area: +$0.3 million Transport, Postal and Warehousing, King Island Council area: +$2.3 million Information Media and Telecommunications, King Island Council area: +$0.1 million Financial and Insurance Services, King Island Council area: 0 million Rental, Hiring and Real Estate Services, King Island Council area: +$1.6 million Professional, Scientific and Technical Services, King Island Council area: +$0.1 million Administrative and Support Services, King Island Council area: -$0.3 million Public Administration and Safety, King Island Council area: -$0.8 million Education and Training, King Island Council area: +$0.4 million Health Care and Social Assistance, King Island Council area: +$0.2 million Arts and Recreation Services, King Island Council area: 0 million Other Services, King Island Council area: +$0.1 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 King Island Council area increased by 5.4 million between 2010/11 and 2015/16.

There were no major changes in the value added by industries between 2010/11 and 2015/16 in King Island Council area.

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