City of Greater Bendigo
In the City of Greater Bendigo, Financial and Insurance Services is the most productive industry, generating $658 million in 2016/17.
Value added by industry is an indicator of business productivity in City of Greater Bendigo. It shows how productive each industry sector is at increasing the value of its inputs. It is a more refined measure of the productivity of an industry sector than output (total gross revenue), as some industries have high levels of output but require large amounts of input expenditure to achieve that.
By comparing the value added of each industry sector to a regional benchmark, you can clearly see the structure of City of Greater Bendigo’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To see what contribution each industry makes to the state or region, see the Industry sector analysis section. To understand the value of a worker in each industry, view this dataset in conjunction with Worker productivity data, and to see the relationship of value added to the total size of the economy, go to the Gross Regional Product section.
Detailed notes about how the figures are derived can be found in the specific topic notes section.
National Economics (NIEIR) - Modelled series
|Value added by industry sector|
|City of Greater Bendigo - Constant prices||2016/17||2011/12||Change|
|Industry (Click rows to view sub-categories)||$m||%||Victoria%||$m||%||Victoria%||2011/12 to 2016/17|
|Agriculture, Forestry and Fishing||248.4||5.6||3.7||151.8||3.7||3.1||+96.6||23000||P|
|Electricity, Gas, Water and Waste Services||209.5||4.7||3.2||202.5||5.0||3.2||+7.0||23300||P|
|Accommodation and Food Services||129.3||2.9||2.6||113.3||2.8||2.5||+16.0||23700||P|
|Transport, Postal and Warehousing||167.0||3.7||6.0||157.1||3.8||5.7||+9.8||23800||P|
|Information Media and Telecommunications||95.3||2.1||3.8||89.5||2.2||3.4||+5.8||23900||P|
|Financial and Insurance Services||658.2||14.7||11.7||569.7||14.0||12.0||+88.5||24000||P|
|Rental, Hiring and Real Estate Services||107.5||2.4||3.5||95.0||2.3||3.0||+12.5||24100||P|
|Professional, Scientific and Technical Services||201.5||4.5||9.0||163.3||4.0||8.5||+38.3||24200||P|
|Administrative and Support Services||131.5||2.9||4.0||107.7||2.6||4.1||+23.9||24300||P|
|Public Administration and Safety||254.5||5.7||5.5||249.6||6.1||5.6||+4.9||24400||P|
|Education and Training||294.9||6.6||6.0||329.6||8.1||6.5||-34.6||24500||P|
|Health Care and Social Assistance||615.0||13.8||8.8||491.9||12.1||7.9||+123.2||24600||P|
|Arts and Recreation Services||43.6||1.0||1.3||46.7||1.1||1.5||-3.1||24700||P|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2016. Compiled and presented in economy.id by .id (opens a new window), the population experts.
Data are based on a 2015-16 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
An analysis of the valued added by industry sectors in City of Greater Bendigo in 2016/17 shows the three largest industries were:
- Financial and Insurance Services ($658 million or 14.7%)
- Health Care and Social Assistance ($615 million or 13.8%)
- Construction ($372 million or 8.3%)
In combination these three industries accounted for $1,645 million in total or 36.8% of the total value added by industry in the City of Greater Bendigo.
In comparison, the same 3 industries in Victoria accounted for 11.7% in Financial and Insurance Services; 8.8% in Health Care and Social Assistance; and 8.6% in Construction.
The major differences between the value added by industries of the City of Greater Bendigo and Victoria were:
- A larger percentage of value added by Health Care and Social Assistance (13.8% compared to 8.8%)
- A larger percentage of value added by Financial and Insurance Services (14.7% compared to 11.7%)
- A smaller percentage of value added by Professional, Scientific and Technical Services (4.5% compared to 9.0%)
- A smaller percentage of value added by Wholesale Trade (2.9% compared to 5.7%)
The total value added by industry in the City of Greater Bendigo increased by 387.7 million between 2011/12 and 2016/17.
The largest changes in the value added by industries between 2011/12 and 2016/17 in the City of Greater Bendigo were for:
- Health Care and Social Assistance (+$123 million)
- Agriculture, Forestry and Fishing (+$97 million)
- Financial and Insurance Services (+$89 million)