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City of Albany

Value added

In the City of Albany, Health Care and Social Assistance is the most productive industry, generating $227 million in 2019/20.

Value added by industry is an indicator of business productivity in 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 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 analysis section. 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.

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.
Value added by industry sector
City of Albany - Constant prices2019/202014/15Change
Industry
(Click rows to view sub-categories)
$m%Regional WA%$m%Regional WA%2014/15 to 2019/20
Agriculture, Forestry and Fishing157.99.03.7181.910.84.5-23.9
Mining18.81.175.926.61.665.3-7.8
Manufacturing81.04.62.376.34.52.6+4.7
Electricity, Gas, Water and Waste Services96.25.50.959.83.51.0+36.4
Construction136.17.84.6171.510.212.2-35.4
Wholesale Trade73.24.20.981.94.91.1-8.7
Retail Trade139.68.01.1135.58.01.3+4.1
Accommodation and Food Services58.43.30.663.13.71.0-4.8
Transport, Postal and Warehousing108.36.21.6106.16.32.1+2.3
Information Media and Telecommunications35.02.00.222.31.30.2+12.7
Financial and Insurance Services87.95.00.867.94.00.9+20.0
Rental, Hiring and Real Estate Services61.63.50.673.34.30.7-11.8
Professional, Scientific and Technical Services84.14.80.980.74.81.1+3.4
Administrative and Support Services53.53.00.862.43.71.1-8.9
Public Administration and Safety114.36.51.2112.26.61.3+2.1
Education and Training138.17.91.2117.47.01.3+20.6
Health Care and Social Assistance226.912.92.0192.311.41.7+34.5
Arts and Recreation Services19.91.10.111.60.70.1+8.3
Other Services64.63.70.644.92.70.6+19.6

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions).

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Value added by industry sector 2019/20
Value added by industry sector 2019/20 Agriculture, Forestry and Fishing, Regional WA: 3.7% Mining, Regional WA: 75.9% Manufacturing, Regional WA: 2.3% Electricity, Gas, Water and Waste Services, Regional WA: 0.9% Construction, Regional WA: 4.6% Wholesale Trade, Regional WA: 0.9% Retail Trade, Regional WA: 1.1% Accommodation and Food Services, Regional WA: 0.6% Transport, Postal and Warehousing, Regional WA: 1.6% Information Media and Telecommunications, Regional WA: 0.2% Financial and Insurance Services, Regional WA: 0.8% Rental, Hiring and Real Estate Services, Regional WA: 0.6% Professional, Scientific and Technical Services, Regional WA: 0.9% Administrative and Support Services, Regional WA: 0.8% Public Administration and Safety, Regional WA: 1.2% Education and Training, Regional WA: 1.2% Health Care and Social Assistance, Regional WA: 2.0% Arts and Recreation Services, Regional WA: 0.1% Other Services, Regional WA: 0.6% Agriculture, Forestry and Fishing, City of Albany: 9.0% Mining, City of Albany: 1.1% Manufacturing, City of Albany: 4.6% Electricity, Gas, Water and Waste Services, City of Albany: 5.5% Construction, City of Albany: 7.8% Wholesale Trade, City of Albany: 4.2% Retail Trade, City of Albany: 8.0% Accommodation and Food Services, City of Albany: 3.3% Transport, Postal and Warehousing, City of Albany: 6.2% Information Media and Telecommunications, City of Albany: 2.0% Financial and Insurance Services, City of Albany: 5.0% Rental, Hiring and Real Estate Services, City of Albany: 3.5% Professional, Scientific and Technical Services, City of Albany: 4.8% Administrative and Support Services, City of Albany: 3.0% Public Administration and Safety, City of Albany: 6.5% Education and Training, City of Albany: 7.9% Health Care and Social Assistance, City of Albany: 12.9% Arts and Recreation Services, City of Albany: 1.1% Other Services, City of Albany: 3.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in City of Albany in 2019/20 shows the three largest industries were:

  • Health Care and Social Assistance ($227 million or 12.9%)
  • Agriculture, Forestry and Fishing ($158 million or 9.0%)
  • Retail Trade ($140 million or 8.0%)

In combination these three industries accounted for $524 million in total or 29.9% of the total value added by industry in the City of Albany.

In comparison, the same 3 industries in Regional WA accounted for 2.0% in Health Care and Social Assistance; 3.7% in Agriculture, Forestry and Fishing; and 1.1% in Retail Trade.

The major differences between the value added by industries of the City of Albany and Regional WA were:

  • A larger percentage of value added by Health Care and Social Assistance (12.9% compared to 2.0%)
  • A larger percentage of value added by Retail Trade (8.0% compared to 1.1%)
  • A larger percentage of value added by Education and Training (7.9% compared to 1.2%)
  • A smaller percentage of value added by Mining (1.1% compared to 75.9%)

Change in value added by industry sector, 2014/15 to 2019/20
Change in value added by industry sector, 2014/15 to 2019/20 Agriculture, Forestry and Fishing, City of Albany: -$23.9 million Mining, City of Albany: -$7.8 million Manufacturing, City of Albany: +$4.7 million Electricity, Gas, Water and Waste Services, City of Albany: +$36.4 million Construction, City of Albany: -$35.4 million Wholesale Trade, City of Albany: -$8.7 million Retail Trade, City of Albany: +$4.1 million Accommodation and Food Services, City of Albany: -$4.8 million Transport, Postal and Warehousing, City of Albany: +$2.3 million Information Media and Telecommunications, City of Albany: +$12.7 million Financial and Insurance Services, City of Albany: +$20.0 million Rental, Hiring and Real Estate Services, City of Albany: -$11.8 million Professional, Scientific and Technical Services, City of Albany: +$3.4 million Administrative and Support Services, City of Albany: -$8.9 million Public Administration and Safety, City of Albany: +$2.1 million Education and Training, City of Albany: +$20.6 million Health Care and Social Assistance, City of Albany: +$34.5 million Arts and Recreation Services, City of Albany: +$8.3 million Other Services, City of Albany: +$19.6 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the City of Albany increased by 67.6 million between 2014/15 and 2019/20.

There were no major changes in the value added by industries between 2014/15 and 2019/20 in the City of Albany.

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