City of Banyule

Worker productivity

In the City of Banyule, Financial and Insurance Services had the highest productivity by industry, generating \$264,473 per worker in 2022/23.

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

Data source

National Economics (NIEIR) - Modelled series

Productivity measure:
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Productivity per worker (annual) by industry
City of Banyule - Constant prices2022/232017/18Change
Industry\$Victoria\$\$Victoria\$ 2017/18 - 2022/23
Agriculture, Forestry and Fishing170,240153,907126,834128,257+43,406
Mining198,825672,681144,445811,542+54,380
Manufacturing105,504125,464110,818124,654-5,314
Electricity, Gas, Water and Waste Services202,340247,933213,736307,686-11,396
Construction124,328110,364120,983122,713+3,346
Accommodation and Food Services46,55750,49539,86143,148+6,697
Transport, Postal and Warehousing117,023136,131109,209141,447+7,814
Information Media and Telecommunications174,993244,863154,310180,715+20,684
Financial and Insurance Services264,473293,059309,684342,777-45,211
Rental, Hiring and Real Estate Services255,644242,041274,250261,727-18,605
Professional, Scientific and Technical Services134,760133,176126,991128,417+7,770
Education and Training83,68590,49477,35689,032+6,329
Health Care and Social Assistance90,47989,23389,13886,225+1,341
Arts and Recreation Services71,61479,79955,81175,104+15,803
Other Services62,24663,02265,19464,658-2,948
Total worker productivity106,692125,231102,268124,405+4,423

Source: National Institute of Economic and Industry Research (NIEIR) Â©2024. Â©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 yearsâ€™ figures to a new base year.Learn more

Did you know? By clicking/tapping on a category in the chart below you will be able to drilldown to the sub categories.

Dominant groups

An analysis of the jobs held by the full-time equivalent local workers in the City of Banyule in 2022/23 shows the three highest industries were:

• Financial and Insurance Services (\$264,473)
• Rental, Hiring and Real Estate Services (\$255,644)

In comparison, the same 3 industries in Victoria were for \$293,059 in Financial and Insurance Services; \$242,041 in Rental, Hiring and Real Estate Services and \$211,879 in Wholesale Trade.

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 Administrative and Support Services (\$152,738 compared to \$200,987)
• A higher worker productivity in Public Administration and Safety (\$189,161 compared to \$133,030)
• A lower worker productivity in Information Media and Telecommunications (\$174,993 compared to \$244,863)
• A lower worker productivity in Mining (\$198,825 compared to \$672,681)

Emerging groups

The total worker productivity by industry in the City of Banyule increased by \$4,423 between 2017/18 and 2022/23.

The largest changes in worker productivity by industries between 2017/18 and 2022/23 in the City of Banyule were for those employed in:

• Mining (+\$54,380)
• Financial and Insurance Services (-\$45,211)
• Agriculture, Forestry and Fishing (+\$43,406)
• Information Media and Telecommunications (+\$20,684)