In the City of Banyule, Financial and Insurance Services had the highest productivity by industry, generating $317,523 per worker in 2018/19.
Worker productivity by industry is calculated by dividing the industry value add by the number of persons employed in that industry. It shows which industries generate the most value add per employee. Some industry sectors, such as retail trade, are not highly productive per worker, but they employ a lot of people. Other industries, such as mining, employ fewer people but generate high levels of productivity. Each plays an important role in the economy.
Worker productivity data should be viewed in conjunction with Employment by industry (Total)and Employment by industry (FTE), to see the relative size of employment in each industry, and with Local workers income to see how many local workers are actually each in each industry, and with Sources of income data to see whether employment is the main way income is derived.
Detailed notes about how the figures are derived can be found in the specific topic notes section. National Economics (NIEIR) - Modelled series
National Economics (NIEIR) - Modelled series
|Productivity per worker (annual) by industry|
|City of Banyule - Constant prices||2018/19||2013/14||Change|
|Industry||$||Victoria$||$||Victoria$||2013/14 - 2018/19|
|Agriculture, Forestry and Fishing||129,310||113,685||160,687||144,243||-31,377|
|Electricity, Gas, Water and Waste Services||217,041||318,851||220,545||289,601||-3,504|
|Accommodation and Food Services||38,981||43,053||38,386||39,944||+595|
|Transport, Postal and Warehousing||97,381||122,902||108,328||133,570||-10,946|
|Information Media and Telecommunications||184,788||206,896||139,534||169,046||+45,254|
|Financial and Insurance Services||317,523||341,038||293,934||312,396||+23,589|
|Rental, Hiring and Real Estate Services||299,534||266,804||258,580||229,417||+40,954|
|Professional, Scientific and Technical Services||104,544||112,684||105,495||112,844||-951|
|Administrative and Support Services||127,335||144,560||115,639||127,967||+11,696|
|Public Administration and Safety||105,352||109,467||138,965||118,742||-33,613|
|Education and Training||69,111||78,121||70,927||81,967||-1,817|
|Health Care and Social Assistance||94,131||86,658||76,146||73,967||+17,985|
|Arts and Recreation Services||53,230||74,252||50,345||72,692||+2,885|
|Total worker productivity||93,215||112,305||88,258||109,661||+4,957|
Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id the population experts. 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 morePlease refer to specific data notes for more information
An analysis of the jobs held by the full-time equivalent local workers in the City of Banyule in 2018/19 shows the three highest industries were:
- Financial and Insurance Services ($317,523)
- Rental, Hiring and Real Estate Services ($299,534)
- Electricity, Gas, Water and Waste Services ($217,041)
In comparison, the same 3 industries in Victoria were for $341,038 in Financial and Insurance Services; $266,804 in Rental, Hiring and Real Estate Services and $318,851 in Electricity, Gas, Water and Waste Services.
The major differences between the jobs held by the full-time equivalent local workers of the City of Banyule and Victoria were:
- A lower worker productivity in Transport, Postal and Warehousing ($97,381 compared to $122,902)
- A higher worker productivity in Rental, Hiring and Real Estate Services ($299,534 compared to $266,804)
- A lower worker productivity in Electricity, Gas, Water and Waste Services ($217,041 compared to $318,851)
- A lower worker productivity in Mining ($94,997 compared to $362,430)
The total worker productivity by industry in the City of Banyule increased by $4,957 between 2013/14 and 2018/19.
The largest changes in worker productivity by industries between 2013/14 and 2018/19 in the City of Banyule were for those employed in:
- Information Media and Telecommunications (+$45,254)
- Rental, Hiring and Real Estate Services (+$40,954)
- Mining (+$34,579)
- Public Administration and Safety (-$33,613)