City of Banyule

Worker productivity

In the City of Banyule, Financial and Insurance Services had the highest productivity by industry, generating $284,625 per worker in 2021/22.

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

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Productivity per worker (annual) by industry
City of Banyule - Constant prices2021/222016/17Change
Industry$Victoria$$Victoria$ 2016/17 - 2021/22
Agriculture, Forestry and Fishing194,473169,794161,470118,691+33,003
Mining165,039301,18876,802379,944+88,238
Manufacturing118,860126,123107,093118,797+11,767
Electricity, Gas, Water and Waste Services236,859294,014198,223315,367+38,636
Construction98,805120,607123,214121,836-24,409
Wholesale Trade212,225215,887227,903222,988-15,679
Retail Trade77,19076,77566,73267,014+10,459
Accommodation and Food Services41,20141,14638,47140,393+2,731
Transport, Postal and Warehousing110,341124,021113,599139,678-3,258
Information Media and Telecommunications166,362220,367146,842170,751+19,520
Financial and Insurance Services284,625310,167310,568343,239-25,943
Rental, Hiring and Real Estate Services264,679253,740271,964261,005-7,285
Professional, Scientific and Technical Services122,352124,782118,145124,392+4,207
Administrative and Support Services136,177177,180130,229146,358+5,948
Public Administration and Safety160,391124,607158,669127,934+1,722
Education and Training80,42187,90276,17588,475+4,245
Health Care and Social Assistance90,88887,38382,76777,889+8,121
Arts and Recreation Services66,96182,33352,93976,063+14,022
Other Services63,04360,93065,36064,522-2,317
Total worker productivity101,309123,30198,401119,238+2,907

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©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 analysis of the jobs held by the full-time equivalent local workers in the City of Banyule in 2021/22 shows the three highest industries were:

  • Financial and Insurance Services ($284,625)
  • Rental, Hiring and Real Estate Services ($264,679)
  • Electricity, Gas, Water and Waste Services ($236,859)

In comparison, the same 3 industries in Victoria were for $310,167 in Financial and Insurance Services; $253,740 in Rental, Hiring and Real Estate Services and $294,014 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 Administrative and Support Services ($136,177 compared to $177,180)
  • A lower worker productivity in Information Media and Telecommunications ($166,362 compared to $220,367)
  • A lower worker productivity in Electricity, Gas, Water and Waste Services ($236,859 compared to $294,014)
  • A lower worker productivity in Mining ($165,039 compared to $301,188)

Emerging groups

The total worker productivity by industry in the City of Banyule increased by $2,907 between 2016/17 and 2021/22.

The largest changes in worker productivity by industries between 2016/17 and 2021/22 in the City of Banyule were for those employed in:

  • Mining (+$88,238)
  • Electricity, Gas, Water and Waste Services (+$38,636)
  • Agriculture, Forestry and Fishing (+$33,003)
  • Financial and Insurance Services (-$25,943)

City of Banyule

economic profile