City of Albany

Value added

In the City of Albany, Agriculture, Forestry and Fishing most productive industry, generating $286 million in 2021/22.

Value added by industry is an indicator of business productivity in the City of Albany. 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 Albany’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 Albany2021/222016/17Change
Industry$m%. Western Australia$m%. Western Australia2016/17 - 2021/22
Agriculture, Forestry and Fishing285.814.12.5248.414.12.1+37.4
Electricity, Gas, Water and Waste Services81.74.01.558.93.31.6+22.8
Wholesale Trade77.73.82.562.53.62.3+15.2
Retail Trade154.97.63.0138.97.92.9+16.1
Accommodation and Food Services66.23.31.476.54.31.5-10.4
Transport, Postal and Warehousing113.15.63.3112.06.43.8+1.2
Information Media and Telecommunications47.72.30.914.40.80.8+33.4
Financial and Insurance Services76.63.83.462.03.53.4+14.5
Rental, Hiring and Real Estate Services72.13.51.955.93.21.8+16.2
Professional, Scientific and Technical Services87.74.34.882.44.74.6+5.3
Administrative and Support Services60.93.02.354.63.12.0+6.3
Public Administration and Safety101.95.03.1107.06.13.2-5.1
Education and Training143.27.02.9133.67.63.1+9.6
Health Care and Social Assistance270.013.35.1211.712.04.4+58.3
Arts and Recreation Services13.00.60.510.60.60.4+2.4
Other Services66.63.31.545.82.61.4+20.8
Total industries2,032.0100.0100.01,761.2100.0100.0+270.7

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. Compiled and presented in 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 Albany in 2021/22 shows the three largest industries were:

  • Agriculture, Forestry and Fishing (286 million or 14.1%)
  • Health Care and Social Assistance (270 million or 13.3%)
  • Retail Trade (155 million or 7.6%)

In combination these three industries accounted for 711 million in total or 35.0% of the total value added by industry in the the City of Albany.

In comparison, the same 3 industries in Western Australia accounted for 2.5% in Agriculture, Forestry and Fishing; 5.1% in Health Care and Social Assistance and 3.0% in Retail Trade.

The major differences between the value added by industries of the City of Albany and Western Australia were:

  • A smaller percentage of value added by Mining (3.4% compared to 49.0%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (14.1% compared to 2.5%)
  • A larger percentage of value added by Health Care and Social Assistance (13.3% compared to 5.1%)
  • A larger percentage of value added by Retail Trade (7.6% compared to 3.0%)

Emerging groups

The total value added by industry in the City of Albany $increased by 271 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 Albany were for:

  • Health Care and Social Assistance (+$58 million)
  • Agriculture, Forestry and Fishing (+$37 million)
  • Information Media and Telecommunications (+$33 million)
  • Mining (+$29 million)

City of Albany

economic profile