City of Casey

Value added

In the City of Casey, Construction most productive industry, generating $1,544 million in 2022/23.

Value added by industry is an indicator of business productivity in the City of Casey. 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 Casey’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 Casey2022/232017/18Change
Industry$m%. Victoria$m%. Victoria2017/18 - 2022/23
Agriculture, Forestry and Fishing183.41.92.5202.42.62.9-19.0
Electricity, Gas, Water and Waste Services107.51.12.589.61.22.9+17.9
Wholesale Trade474.34.95.3507.36.56.0-33.0
Retail Trade974.710.05.7834.110.75.8+140.5
Accommodation and Food Services297.43.12.5225.22.92.3+72.2
Transport, Postal and Warehousing572.15.95.8344.44.45.9+227.8
Information Media and Telecommunications306.43.23.5125.91.63.0+180.5
Financial and Insurance Services364.23.810.4285.83.710.4+78.5
Rental, Hiring and Real Estate Services282.62.93.0258.13.33.2+24.5
Professional, Scientific and Technical Services449.64.610.4306.23.99.1+143.4
Administrative and Support Services410.14.24.8286.63.74.4+123.5
Public Administration and Safety374.63.95.9273.33.55.4+101.3
Education and Training908.19.36.1661.28.56.1+246.9
Health Care and Social Assistance1,481.215.310.6936.812.08.9+544.4
Arts and Recreation Services113.
Other Services229.62.41.7231.53.02.0-1.8
Total industries9,712.5100.0100.07,792.7100.0100.0+1,919.8

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. Compiled and presented in 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 Casey in 2021/22 shows the three largest industries were:

  • Construction (1,544 million or 15.9%)
  • Health Care and Social Assistance (1,481 million or 15.3%)
  • Retail Trade (975 million or 10.0%)

In combination these three industries accounted for 4,000 million in total or 41.2% of the total value added by industry in the the City of Casey.

In comparison, the same 3 industries in Victoria accounted for 8.8% in Construction; 10.6% in Health Care and Social Assistance and 5.7% in Retail Trade.

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

  • A larger percentage of value added by Construction (15.9% compared to 8.8%)
  • A smaller percentage of value added by Financial and Insurance Services (3.8% compared to 10.4%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (4.6% compared to 10.4%)
  • A larger percentage of value added by Health Care and Social Assistance (15.3% compared to 10.6%)

Emerging groups

The total value added by industry in the City of Casey $increased by 1,920 million between 2017/18 and 2022/23.

The largest changes in the value added by industries between 2017/18 and 2022/23 in the City of Casey were for:

  • Health Care and Social Assistance (+$544 million)
  • Education and Training (+$247 million)
  • Transport, Postal and Warehousing (+$228 million)
  • Information Media and Telecommunications (+$180 million)

City of Casey

economic profile