City of MonashEconomic profile

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City of Monash

Industry sector analysis - All industries

In 2015/16, the City of Monash contributed 4.1% of Victoria’s employment and 4.1% of its value added.

Industry sector profiles reveal the way in which each industry contributes to the economy in the City of Monash using ten economic measures generated by NIEIR economic modelling. This helps in understanding the role each industry sector plays in the economy.

For example, some industry sectors generate substantial output (turnover), but are not big employers and targeting those industry sectors may not meet the economic development objective of maximising employment.

In the first chart, you can also see how the output of an industry is divided between local sales, domestic exports and international exports. This information can reveal how an industry is structured, and whether it is focused on exporting or on serving the local population.

The table and second chart also show how the City of Monash contributes to the wider economy. For example, the City of Monash contributes 4.1% of Victoria’s employment.

Industry sector analysis data should be viewed in conjunction with Employment by industry (Total), Employment by industry (FTE), Value added, Imports and Exports to see how each specific industry fits into the wider picture of all industries within the City of Monash. To see how concentrated each industry sector is, visit the Employment locations section.

The third chart refers to how employment in the City of Monash has changed overtime and how it compares to expected changes based on benchmark and industry trends. This type of analysis is explored further within the Shift-share analysis economic tool.”

National Economics (NIEIR) - Modelled series

Industry sector analysis
City of Monash - All industries - Constant prices2015/162010/11Change
Economic measureCity of MonashVictoriaCity of Monash as a % of VictoriaCity of MonashVictoriaCity of Monash as a % of Victoria2010/11 to 2015/16
Employment (total)121,4672,968,0094.1%116,7472,792,8324.2%+4,720
Employment (FTE)105,0442,501,2074.2%101,1412,387,5024.2%+3,904
FTE to total employment ratio0.860.84--0.870.85--0
Output/Total Sales ($m)30,260.13730,749.014.1%25,438.08632,198.304.0%+4,822.05
Value add ($m)12,641.20310,936.574.1%11,148.39280,623.314.0%+1,492.81
Exports ($m)10,185.50245,493.214.1%8,608.86223,804.263.8%+1,576.64
Exports (domestic) ($m)7,994.52204,249.203.9%6,570.70187,181.893.5%+1,423.82
Exports (international) ($m)2,190.9841,244.015.3%2,038.1636,622.375.6%+152.82
Imports($m)7,828.65290,236.742.7%6,932.07249,978.712.8%+896.58
Imports (domestic) ($m)4,737.25204,574.382.3%4,039.51173,257.312.3%+697.74
Imports (international) ($m)3,091.4085,662.363.6%2,892.5676,721.393.8%+198.84
Local Sales ($m)20,074.63492,148.144.1%16,829.23414,539.744.1%+3,245.40
Worker productivity ($ per worker)104,071104,763--95,492100,480--+8,579

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.

Economic output by destination
Economic output by destination City of Monash, Local Sales: 66.3% City of Monash, Exports (international): 7.2% City of Monash, Exports (domestic): 26.4% Victoria, Local Sales: 66.7% Victoria, Exports (international): 5.6% Victoria, Exports (domestic): 27.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Industry contribution to Victoria 2015/16
Industry contribution to Victoria 2015/16 Employment (total), City of Monash - All industries: 4.1% Employment (FTE), City of Monash - All industries: 4.2% Output/Total Sales ($m), City of Monash - All industries: 4.1% Value add ($m), City of Monash - All industries: 4.1% Exports ($m), City of Monash - All industries: 4.1% Exports (domestic) ($m), City of Monash - All industries: 3.9% Exports (international) ($m), City of Monash - All industries: 5.3% Imports($m), City of Monash - All industries: 2.7% Imports (domestic) ($m), City of Monash - All industries: 2.3% Imports (international) ($m), City of Monash - All industries: 3.6% Local Sales ($m), City of Monash - All industries: 4.1%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Shift-share analysis for Employment (Total) 2010/11 to 2015/16
Shift-share analysis for Employment (Total) 2010/11 to 2015/16 Net change in Benchmark Growth (BG) effect, City of Monash relative to Victoria: 7,322.8 Net change in Industry Mix (IM) effect, City of Monash relative to Victoria: 0.0 Net change in Expected change (BG + IM), City of Monash relative to Victoria: 7,322.8 Net change in Actual change, City of Monash relative to Victoria: 4,719.7 Net change in Regional Competitive (RC) effect, City of Monash relative to Victoria: -2,603.1
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
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