City of Banyule

Value added

In the City of Banyule, Health Care and Social Assistance most productive industry, generating $1,570 million in 2021/22.

Value added by industry is an indicator of business productivity in the City of Banyule. 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 Banyule’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 Banyule2021/222016/17Change
Industry$m%. Victoria$m%. Victoria2016/17 - 2021/22
Agriculture, Forestry and Fishing19.70.42.915.40.32.8+4.3
Mining8.60.20.93.30.11.2+5.3
Manufacturing298.15.77.9301.76.48.9-3.6
Electricity, Gas, Water and Waste Services23.50.52.920.80.43.3+2.7
Construction537.310.49.4575.712.39.0-38.4
Wholesale Trade122.52.45.6195.84.26.3-73.3
Retail Trade328.26.35.9322.76.95.9+5.5
Accommodation and Food Services119.82.32.0103.22.22.3+16.6
Transport, Postal and Warehousing106.72.15.393.52.06.0+13.2
Information Media and Telecommunications80.51.63.345.81.03.0+34.7
Financial and Insurance Services217.04.211.0174.63.711.0+42.4
Rental, Hiring and Real Estate Services144.32.83.2141.93.03.3+2.5
Professional, Scientific and Technical Services397.77.710.0335.57.28.9+62.2
Administrative and Support Services170.23.34.5174.53.74.3-4.3
Public Administration and Safety444.68.66.0405.38.65.5+39.3
Education and Training434.28.46.2374.28.06.4+60.0
Health Care and Social Assistance1,570.230.310.11,234.926.38.5+335.3
Arts and Recreation Services37.10.71.238.60.81.2-1.5
Other Services125.72.41.8134.22.92.1-8.4
Total industries5,185.9100.0100.04,691.7100.0100.0+494.2

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

  • Health Care and Social Assistance (1,570 million or 30.3%)
  • Construction (537 million or 10.4%)
  • Public Administration and Safety (445 million or 8.6%)

In combination these three industries accounted for 2,552 million in total or 49.2% of the total value added by industry in the the City of Banyule.

In comparison, the same 3 industries in Victoria accounted for 10.1% in Health Care and Social Assistance; 9.4% in Construction and 6.0% in Public Administration and Safety.

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

  • A larger percentage of value added by Health Care and Social Assistance (30.3% compared to 10.1%)
  • A smaller percentage of value added by Financial and Insurance Services (4.2% compared to 11.0%)
  • A smaller percentage of value added by Transport, Postal and Warehousing (2.1% compared to 5.3%)
  • A smaller percentage of value added by Wholesale Trade (2.4% compared to 5.6%)

Emerging groups

The total value added by industry in the City of Banyule $increased by 494 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 Banyule were for:

  • Health Care and Social Assistance (+$335 million)
  • Professional, Scientific and Technical Services (+$62 million)
  • Education and Training (+$60 million)
  • Financial and Insurance Services (+$42 million)

City of Banyule

economic profile