City of Monash

Value added

In the City of Monash, Education and Training most productive industry, generating $1,969 million in 2021/22.

Value added by industry is an indicator of business productivity in the City of Monash. 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 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 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

Current benchmark:
Comparison year:
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Value added by industry sector
City of Monash2021/222016/17Change
Industry$m%. Victoria$m%. Victoria2016/17 - 2021/22
Agriculture, Forestry and Fishing31.40.22.922.50.12.8+8.9
Mining12.00.10.99.00.11.2+3.1
Manufacturing1,838.611.77.91,837.212.08.9+1.3
Electricity, Gas, Water and Waste Services362.52.32.9372.62.43.3-10.1
Construction944.96.09.41,109.17.29.0-164.2
Wholesale Trade1,918.412.25.61,989.213.06.3-70.7
Retail Trade984.86.35.9973.36.35.9+11.5
Accommodation and Food Services224.21.42.0226.11.52.3-2.0
Transport, Postal and Warehousing607.93.95.3745.64.96.0-137.7
Information Media and Telecommunications447.72.83.3446.12.93.0+1.6
Financial and Insurance Services902.85.711.0950.86.211.0-47.9
Rental, Hiring and Real Estate Services509.63.23.2469.03.13.3+40.6
Professional, Scientific and Technical Services1,453.29.210.01,361.58.98.9+91.7
Administrative and Support Services856.55.44.5780.05.14.3+76.5
Public Administration and Safety445.82.86.0425.12.85.5+20.7
Education and Training1,968.612.56.21,826.211.96.4+142.4
Health Care and Social Assistance1,903.512.110.11,453.29.58.5+450.3
Arts and Recreation Services89.50.61.277.00.51.2+12.5
Other Services231.71.51.8274.51.82.1-42.8
Total industries15,733.4100.0100.015,347.9100.0100.0+385.5

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 Monash in 2021/22 shows the three largest industries were:

  • Education and Training (1,969 million or 12.5%)
  • Wholesale Trade (1,918 million or 12.2%)
  • Health Care and Social Assistance (1,903 million or 12.1%)

In combination these three industries accounted for 5,791 million in total or 36.8% of the total value added by industry in the the City of Monash.

In comparison, the same 3 industries in Victoria accounted for 6.2% in Education and Training; 5.6% in Wholesale Trade and 10.1% in Health Care and Social Assistance.

The major differences between the value added by industries of the City of Monash and Victoria were:

  • A larger percentage of value added by Wholesale Trade (12.2% compared to 5.6%)
  • A larger percentage of value added by Education and Training (12.5% compared to 6.2%)
  • A smaller percentage of value added by Financial and Insurance Services (5.7% compared to 11.0%)
  • A larger percentage of value added by Manufacturing (11.7% compared to 7.9%)

Emerging groups

The total value added by industry in the City of Monash $increased by 386 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 Monash were for:

  • Health Care and Social Assistance (+$450 million)
  • Education and Training (+$142 million)
  • Professional, Scientific and Technical Services (+$92 million)
  • Administrative and Support Services (+$76 million)

City of Monash

economic profile