City of Launceston

Value added

In the City of Launceston, Health Care and Social Assistance most productive industry, generating $1,058 million in 2021/22.

Value added by industry is an indicator of business productivity in the City of Launceston. 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 the City of Launceston’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 analysissection. 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.

Data source

National Economics (NIEIR) - Modelled series

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Value added by industry sector
City of Launceston2021/222016/17Change
Industry$m%. Tasmania$m%. Tasmania2016/17 - 2021/22
Agriculture, Forestry and Fishing201.74.213.5145.53.611.2+56.2
Mining11.20.23.517.30.44.1-6.0
Manufacturing249.75.26.5262.86.47.4-13.1
Electricity, Gas, Water and Waste Services141.23.03.3121.73.03.5+19.5
Construction303.86.48.1247.06.17.5+56.8
Wholesale Trade180.33.82.9179.94.43.3+0.5
Retail Trade346.67.35.2305.27.55.9+41.4
Accommodation and Food Services140.22.92.4111.02.72.8+29.2
Transport, Postal and Warehousing258.25.44.6188.44.65.2+69.9
Information Media and Telecommunications154.03.23.5147.53.63.3+6.5
Financial and Insurance Services502.510.55.5509.712.56.2-7.1
Rental, Hiring and Real Estate Services107.12.21.985.92.12.0+21.2
Professional, Scientific and Technical Services202.74.23.9172.34.23.5+30.4
Administrative and Support Services124.72.62.484.22.12.1+40.5
Public Administration and Safety261.95.57.5230.75.77.5+31.2
Education and Training390.98.26.6382.49.47.4+8.5
Health Care and Social Assistance1,057.522.115.5749.318.413.9+308.2
Arts and Recreation Services31.90.71.130.00.71.2+1.9
Other Services111.22.31.9103.42.52.1+7.8
Total industries4,777.5100.0100.04,074.0100.0100.0+703.5

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. Compiled and presented in economy.id by .id (informed decisions). NIEIR-ID data are adjusted each year, using updated employment estimates. Each release may change previous years’ figures. Learn more

Please refer to specific data notes for more information
Did you know? By clicking/tapping on a category in the chart below you will be able to drilldown to the sub categories.
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Dominant groups

An analysis of the valued added by industry sectors in the City of Launceston in 2021/22 shows the three largest industries were:

  • Health Care and Social Assistance (1,058 million or 22.1%)
  • Financial and Insurance Services (503 million or 10.5%)
  • Education and Training (391 million or 8.2%)

In combination these three industries accounted for 1,951 million in total or 40.8% of the total value added by industry in the the City of Launceston.

In comparison, the same 3 industries in Tasmania accounted for 15.5% in Health Care and Social Assistance; 5.5% in Financial and Insurance Services and 6.6% in Education and Training.

The major differences between the value added by industries of the City of Launceston and Tasmania were:

  • A smaller percentage of value added by Agriculture, Forestry and Fishing (4.2% compared to 13.5%)
  • A larger percentage of value added by Health Care and Social Assistance (22.1% compared to 15.5%)
  • A larger percentage of value added by Financial and Insurance Services (10.5% compared to 5.5%)
  • A smaller percentage of value added by Mining (0.2% compared to 3.5%)

Emerging groups

The total value added by industry in the City of Launceston $increased by 703 million between 2016/17 and 2021/22.

The largest changes in the value added by industries between 2016/17 and 2021/22 in the City of Launceston were for:

  • Health Care and Social Assistance (+$308 million)
  • Transport, Postal and Warehousing (+$70 million)
  • Construction (+$57 million)
  • Agriculture, Forestry and Fishing (+$56 million)

City of Launceston

economic profile