Balonne Shire

Shift-share analysis

In Balonne Shire, the strongest regional competitive effect between 2017/18 and 2022/23 was experienced in Agriculture, Forestry and Fishing Support Services.

Shift Share Analysis provides a useful mechanism for better interpreting changes in economic variables between different time periods. It is a way of breaking the growth or decline in an industry into three components to help understand what is driving the change. These three change components are commonly known as:

National/State growth effect - the amount of growth or decline in an industry that could be attributed to the overall growth of a larger area that encompasses the region's economy, usually state or national.

Industry mix effect - the amount of growth or decline in an industry that could be attributed to the performance of the specific industry at the national/state level.

Regional competitive effect - the amount of growth or decline in a specific industry that could be attributed to a local advantage or disadvantage. This is generally the most interesting component as it clearly quantifies the level of advantage or disadvantage an industry has in the local area.

The regional competitive effect for an industry generally indicates how the local industry performed against benchmark trends. An industry with a positive regional competitive effect suggests local characteristics supported above trend growth in that period. For example, if Retail Trade in a region grew by 3% but at a state/national level it only grew by 2%, some regional specific factors (e.g. new shopping centre, population growth) must have contributed to this above trend growth. A negative effect suggests the opposite.

An industry with a positive regional competitive effect may still have experienced decline, but by less than the state/national trends.

Data source

National Economics (NIEIR) - Modelled series

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Shift-share analysis to Queensland
Balonne Shire - Employment (Total)2022/232017/182017/18 to 2022/23
IndustryNumbernumberchangeBenchmark growth effectIndustry mix effectRegional competitive effect
Agriculture, Forestry and Fishing733790-57+104.5-89.0-72.5
Mining000000
Manufacturing3649-13+6.5-4.4-14.6
Electricity, Gas, Water and Waste Services2425-1+3.4-0.1-4.5
Construction170148+21+19.7+0.1+1.7
Wholesale Trade6166-5+8.8-6.7-7.4
Retail Trade133206-73+27.3-19.1-81.4
Accommodation and Food Services109111-2+14.8-4.5-12.3
Transport, Postal and Warehousing7274-2+9.9-2.6-9.6
Information Media and Telecommunications000000
Financial and Insurance Services1318-5+2.5+1.5-9.4
Rental, Hiring and Real Estate Services218+12+1.2-1.2+12.3
Professional, Scientific and Technical Services4839+8+5.3+5.8-2.7
Administrative and Support Services5644+12+5.9-1.5+7.8
Public Administration and Safety160133+27+17.6-2.1+12.0
Education and Training202204-2+27.0+1.4-30.0
Health Care and Social Assistance249285-36+37.8+47.6-121.2
Arts and Recreation Services202+18+0.4-0.1+17.5
Other Services10188+13+11.6-0.8+2.6
Total Industries2,2172,300-83+304.1---387.5

Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©2023. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2020/21 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

Please refer to specific data notes for more information
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Dominant groups

An industry with a positive regional competitive effect suggests local characteristics supported above trend growth in that period. A negative effect suggests local characteristics inhibited growth in that period.

An analysis of Employment (Total) change between 2017/18 and 2022/23 in Balonne Shire shows the three industries with the highest regional competitive effect in Balonne Shire relative to Queensland were:

  • Arts and Recreation Services (+17 )
  • Rental, Hiring and Real Estate Services (+12 )
  • Public Administration and Safety (+12 )

The three industries with the lowest regional competitive effect were:

  • Agriculture, Forestry and Fishing (-72 )
  • Retail Trade (-81 )
  • Health Care and Social Assistance (-121 )

Balonne Shire

economic profile