Banana Shire

economic profile

banana logo

Banana Shire

Value added

In Banana Shire, Mining most productive industry, generating $2,776 million in 2022/23.

Value added by industry is an indicator of business productivity in Banana Shire. 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 Banana Shire’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:
reset
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
Banana Shire2022/232017/18Change
Industry$m%. Queensland$m%. Queensland2017/18 - 2022/23
Agriculture, Forestry and Fishing289.47.63.6278.36.93.2+11.1
Mining2,775.673.018.53,043.775.321.9-268.1
Manufacturing88.32.36.1100.92.56.8-12.6
Electricity, Gas, Water and Waste Services155.94.12.8206.35.12.9-50.4
Construction110.32.97.987.62.28.8+22.7
Wholesale Trade38.91.03.833.10.83.4+5.8
Retail Trade29.00.84.634.10.84.5-5.1
Accommodation and Food Services33.90.92.818.90.52.6+14.9
Transport, Postal and Warehousing36.00.95.930.40.86.1+5.6
Information Media and Telecommunications0.90.01.51.30.01.3-0.4
Financial and Insurance Services12.20.35.614.40.45.3-2.2
Rental, Hiring and Real Estate Services10.20.33.27.80.22.9+2.3
Professional, Scientific and Technical Services17.50.56.815.90.46.1+1.6
Administrative and Support Services57.71.53.538.10.93.4+19.6
Public Administration and Safety31.40.85.730.50.85.2+1.0
Education and Training36.91.05.237.50.95.2-0.6
Health Care and Social Assistance52.51.49.441.11.07.7+11.4
Arts and Recreation Services1.40.00.81.10.00.7+0.3
Other Services21.60.62.220.30.52.0+1.3
Total industries3,799.6100.0100.04,041.3100.0100.0-241.7

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.
loading animation
loading animation

Dominant groups

An analysis of the valued added by industry sectors in Banana Shire in 2021/22 shows the three largest industries were:

  • Mining (2,776 million or 73.0%)
  • Agriculture, Forestry and Fishing (289 million or 7.6%)
  • Electricity, Gas, Water and Waste Services (156 million or 4.1%)

In combination these three industries accounted for 3,221 million in total or 84.8% of the total value added by industry in the Banana Shire.

In comparison, the same 3 industries in Queensland accounted for 18.5% in Mining; 3.6% in Agriculture, Forestry and Fishing and 2.8% in Electricity, Gas, Water and Waste Services.

The major differences between the value added by industries of Banana Shire and Queensland were:

  • A larger percentage of value added by Mining (73.0% compared to 18.5%)
  • A smaller percentage of value added by Health Care and Social Assistance (1.4% compared to 9.4%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (0.5% compared to 6.8%)
  • A smaller percentage of value added by Financial and Insurance Services (0.3% compared to 5.6%)

Emerging groups

The total value added by industry in Banana Shire $decreased by -242 million between 2017/18 and 2022/23.

The largest changes in the value added by industries between 2017/18 and 2022/23 in Banana Shire were for:

  • Construction (+$23 million)
  • Administrative and Support Services (+$20 million)
  • Accommodation and Food Services (+$15 million)
  • Health Care and Social Assistance (+$11 million)

Banana Shire

economic profile