City of MonashEconomic profile

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In the City of Monash, Manufacturing had the largest output by industry, generating $3,982 million in 2014/15.

Output by industry is a gross measure of the total sales of each industry sector in City of Monash. It does not measure how productive each industry sector is at producing this output - which is measured by value added.

By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of City of Monash’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 get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.

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

The gross measure of output includes the value of all the inputs to each industry.

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.
Output by industry sector
City of Monash - Constant prices2014/152009/10Change
Industry
(Click rows to view sub-categories)
$m%Victoria%$m%Victoria%2009/10 to 2014/15
Agriculture, Forestry and Fishing54.40.22.733.00.13.0+21.4
Mining51.50.21.442.80.21.4+8.7
Manufacturing3,981.915.314.74,643.119.416.5-661.1
Electricity, Gas, Water and Waste Services555.62.13.1745.33.13.3-189.7
Construction2,378.39.111.62,044.38.512.3+334.0
Wholesale Trade3,561.113.66.22,952.212.35.4+608.9
Retail Trade1,338.95.15.21,190.35.04.7+148.6
Accommodation and Food Services405.81.62.5387.01.62.5+18.8
Transport, Postal and Warehousing1,167.44.56.01,271.65.36.3-104.2
Information Media and Telecommunications1,453.65.64.51,098.74.63.9+355.0
Financial and Insurance Services1,640.66.39.11,186.25.07.7+454.4
Rental, Hiring and Real Estate Services1,415.35.45.21,065.24.54.4+350.1
Professional, Scientific and Technical Services2,169.98.37.81,909.18.08.2+260.8
Administrative and Support Services991.03.83.2887.83.73.4+103.2
Public Administration and Safety718.02.83.8578.42.43.8+139.6
Education and Training1,976.37.64.01,765.57.43.9+210.8
Health Care and Social Assistance1,512.15.85.21,381.35.85.1+130.8
Arts and Recreation Services233.70.91.7256.71.12.0-22.9
Other Services495.11.92.0478.62.02.2+16.4

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 2013-14 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.

Output by industry sector 2014/15
Output by industry sector 2014/15 Agriculture, Forestry and Fishing, Victoria: 2.7% Mining, Victoria: 1.4% Manufacturing, Victoria: 14.7% Electricity, Gas, Water and Waste Services, Victoria: 3.1% Construction, Victoria: 11.6% Wholesale Trade, Victoria: 6.2% Retail Trade, Victoria: 5.2% Accommodation and Food Services, Victoria: 2.5% Transport, Postal and Warehousing, Victoria: 6.0% Information Media and Telecommunications, Victoria: 4.5% Financial and Insurance Services, Victoria: 9.1% Rental, Hiring and Real Estate Services, Victoria: 5.2% Professional, Scientific and Technical Services, Victoria: 7.8% Administrative and Support Services, Victoria: 3.2% Public Administration and Safety, Victoria: 3.8% Education and Training, Victoria: 4.0% Health Care and Social Assistance, Victoria: 5.2% Arts and Recreation Services, Victoria: 1.7% Other Services, Victoria: 2.0% Agriculture, Forestry and Fishing, City of Monash: 0.2% Mining, City of Monash: 0.2% Manufacturing, City of Monash: 15.3% Electricity, Gas, Water and Waste Services, City of Monash: 2.1% Construction, City of Monash: 9.1% Wholesale Trade, City of Monash: 13.6% Retail Trade, City of Monash: 5.1% Accommodation and Food Services, City of Monash: 1.6% Transport, Postal and Warehousing, City of Monash: 4.5% Information Media and Telecommunications, City of Monash: 5.6% Financial and Insurance Services, City of Monash: 6.3% Rental, Hiring and Real Estate Services, City of Monash: 5.4% Professional, Scientific and Technical Services, City of Monash: 8.3% Administrative and Support Services, City of Monash: 3.8% Public Administration and Safety, City of Monash: 2.8% Education and Training, City of Monash: 7.6% Health Care and Social Assistance, City of Monash: 5.8% Arts and Recreation Services, City of Monash: 0.9% Other Services, City of Monash: 1.9%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Change in output by industry sector, 2009/10 to 2014/15
Change in output by industry sector, 2009/10 to 2014/15 Agriculture, Forestry and Fishing, City of Monash: +$21.4 million Mining, City of Monash: +$8.7 million Manufacturing, City of Monash: -$661.1 million Electricity, Gas, Water and Waste Services, City of Monash: -$189.7 million Construction, City of Monash: +$334.0 million Wholesale Trade, City of Monash: +$608.9 million Retail Trade, City of Monash: +$148.6 million Accommodation and Food Services, City of Monash: +$18.8 million Transport, Postal and Warehousing, City of Monash: -$104.2 million Information Media and Telecommunications, City of Monash: +$355.0 million Financial and Insurance Services, City of Monash: +$454.4 million Rental, Hiring and Real Estate Services, City of Monash: +$350.1 million Professional, Scientific and Technical Services, City of Monash: +$260.8 million Administrative and Support Services, City of Monash: +$103.2 million Public Administration and Safety, City of Monash: +$139.6 million Education and Training, City of Monash: +$210.8 million Health Care and Social Assistance, City of Monash: +$130.8 million Arts and Recreation Services, City of Monash: -$22.9 million Other Services, City of Monash: +$16.4 million
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 output by industry sectors in City of Monash in 2014/15 shows the three largest industries were:

  • Manufacturing (3,982 million or 15.3%)
  • Wholesale Trade (3,561 million or 13.6%)
  • Construction (2,378 million or 9.1%)

In combination these three industries accounted for $9,921 million in total or 38.0% of the total output by total industry in the City of Monash.

In comparison, the same 3 industries in Victoria accounted for 14.7% in Manufacturing; 6.2% in Wholesale Trade; and 11.6% in Construction.

The major differences between output by industries in the City of Monash and Victoria were:

  • A larger percentage of output by Wholesale Trade (13.6% compared to 6.2%)
  • A larger percentage of output by Education and Training (7.6% compared to 4.0%)
  • A smaller percentage of output by Financial and Insurance Services (6.3% compared to 9.1%)
  • A smaller percentage of output by Agriculture, Forestry and Fishing (0.2% compared to 2.7%)

Emerging groups

The total industry output in the City of Monash increased by $2,183.6 million between 2009/10 and 2014/15.

The largest changes in the output by industries between 2009/10 and 2014/15 in the City of Monash were for:

  • Manufacturing (-$661 million)
  • Wholesale Trade (+$609 million)
  • Financial and Insurance Services (+$454 million)
  • Information Media and Telecommunications (+$355 million)

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