Cradle Coast RegionEconomic profile
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In Murchison Area, Agriculture, Forestry and Fishing is the most productive industry, generating $377 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
Murchison 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 Fishing377.129.83.4349.527.63.2+27.6
Mining186.414.70.2203.316.10.2-16.9
Manufacturing141.811.25.5161.212.76.7-19.4
Electricity, Gas, Water and Waste Services38.13.07.132.72.68.7+5.4
Construction99.27.87.690.07.17.2+9.2
Wholesale Trade44.63.52.955.84.43.1-11.2
Retail Trade45.13.67.149.93.96.6-4.8
Accommodation and Food Services35.62.83.433.02.63.4+2.6
Transport, Postal and Warehousing66.85.36.162.34.96.2+4.6
Information Media and Telecommunications8.60.74.46.30.53.9+2.3
Financial and Insurance Services26.62.17.525.82.08.1+0.8
Rental, Hiring and Real Estate Services14.51.13.110.60.82.6+4.0
Professional, Scientific and Technical Services14.31.15.512.61.04.7+1.7
Administrative and Support Services15.61.22.019.81.62.4-4.2
Public Administration and Safety26.12.110.030.02.411.6-3.9
Education and Training44.33.59.048.33.88.5-4.0
Health Care and Social Assistance57.24.511.550.34.09.2+6.9
Arts and Recreation Services3.80.31.03.30.31.0+0.4
Other Services21.31.72.719.91.62.7+1.3

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, Murchison Area: 29.8% Mining, Murchison Area: 14.7% Manufacturing, Murchison Area: 11.2% Electricity, Gas, Water and Waste Services, Murchison Area: 3.0% Construction, Murchison Area: 7.8% Wholesale Trade, Murchison Area: 3.5% Retail Trade, Murchison Area: 3.6% Accommodation and Food Services, Murchison Area: 2.8% Transport, Postal and Warehousing, Murchison Area: 5.3% Information Media and Telecommunications, Murchison Area: 0.7% Financial and Insurance Services, Murchison Area: 2.1% Rental, Hiring and Real Estate Services, Murchison Area: 1.1% Professional, Scientific and Technical Services, Murchison Area: 1.1% Administrative and Support Services, Murchison Area: 1.2% Public Administration and Safety, Murchison Area: 2.1% Education and Training, Murchison Area: 3.5% Health Care and Social Assistance, Murchison Area: 4.5% Arts and Recreation Services, Murchison Area: 0.3% Other Services, Murchison Area: 1.7%
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 Murchison Area in 2015/16 shows the three largest industries were:

  • Agriculture, Forestry and Fishing ($377 million or 29.8%)
  • Mining ($186 million or 14.7%)
  • Manufacturing ($142 million or 11.2%)

In combination these three industries accounted for $705 million in total or 55.7% of the total value added by industry in Murchison Area.

In comparison, the same 3 industries in Greater Hobart accounted for 3.4% in Agriculture, Forestry and Fishing; 0.2% in Mining; and 5.5% in Manufacturing.

The major differences between the value added by industries of Murchison Area and Greater Hobart were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (29.8% compared to 3.4%)
  • A larger percentage of value added by Mining (14.7% compared to 0.2%)
  • A smaller percentage of value added by Public Administration and Safety (2.1% compared to 10.0%)
  • A smaller percentage of value added by Health Care and Social Assistance (4.5% compared to 11.5%)

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, Murchison Area: +$27.6 million Mining, Murchison Area: -$16.9 million Manufacturing, Murchison Area: -$19.4 million Electricity, Gas, Water and Waste Services, Murchison Area: +$5.4 million Construction, Murchison Area: +$9.2 million Wholesale Trade, Murchison Area: -$11.2 million Retail Trade, Murchison Area: -$4.8 million Accommodation and Food Services, Murchison Area: +$2.6 million Transport, Postal and Warehousing, Murchison Area: +$4.6 million Information Media and Telecommunications, Murchison Area: +$2.3 million Financial and Insurance Services, Murchison Area: +$0.8 million Rental, Hiring and Real Estate Services, Murchison Area: +$4.0 million Professional, Scientific and Technical Services, Murchison Area: +$1.7 million Administrative and Support Services, Murchison Area: -$4.2 million Public Administration and Safety, Murchison Area: -$3.9 million Education and Training, Murchison Area: -$4.0 million Health Care and Social Assistance, Murchison Area: +$6.9 million Arts and Recreation Services, Murchison Area: +$0.4 million Other Services, Murchison Area: +$1.3 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 Murchison Area increased by 2.3 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 Murchison Area.

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