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Greater Burnie Economic Region

Location quotient by industry

In 2017/18, Mining was a major specialisation in Greater Burnie Economic Region in terms of Employment (Total).

The location quotient is a simple way of seeing which are the main industries in an area, relative to the wider region. LQ shows the percentage of the local economy characteristic (eg. employment, value add) in a particular industry divided by the percentage of the wider area (region, state, nation) that this industry makes up.

  • Where LQ=1, that industry is exactly as prevalent as in the wider region.
  • A LQ greater than 1.2 indicates a significant specialisation of the industry in the local area – possibly a key economic strength. Higher numbers mean greater specialisations. Anything over 2 is a major specialisation.
  • A LQ between 0.8 and 1.2 means the industry is broadly similar in importance in the local area compared to the comparison region and could be seen as representative.
  • An LQ under 0.8 indicates an industry which is more important in the region than the local area, and may represent an economic weakness or opportunity for growth.

LQs should be analysed in combination with the proportional economic share that industry represents. For example, an industry with an LQ of 2 reveals a specialisation but if that industry only represents 3% of the local economy, it may not be significant. Compare with the figures on the Employment by industry (Total), Employment by industry (FTE), Value added pages for this context.

National Economics (NIEIR) - Modelled series

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Location quotient
Greater Burnie Economic Region - Employment (Total)2017/182012/13Change
Industry
(Click rows to view sub-categories)
%Greater Hobart %Location Quotient (Greater Hobart)%Greater Hobart %Location Quotient (Greater Hobart)2012/13 to 2017/18
Agriculture, Forestry and Fishing6.51.73.905.91.54.07-0.04
Mining3.80.57.324.40.410.11-0.28
Manufacturing9.15.41.6811.96.21.91-0.12
Electricity, Gas, Water and Waste Services0.52.00.270.62.30.25+0.06
Construction8.89.60.917.47.90.94-0.03
Wholesale Trade2.51.91.343.82.71.42-0.06
Retail Trade11.610.91.0611.410.91.05+0.01
Accommodation and Food Services6.77.80.866.47.20.89-0.03
Transport, Postal and Warehousing5.13.71.395.13.81.35+0.03
Information Media and Telecommunications1.02.10.481.12.40.47+0.03
Financial and Insurance Services1.12.50.441.52.80.53-0.17
Rental, Hiring and Real Estate Services1.11.30.851.11.50.76+0.12
Professional, Scientific and Technical Services3.16.00.523.06.40.48+0.09
Administrative and Support Services3.92.91.353.22.71.22+0.10
Public Administration and Safety5.410.30.526.111.70.520
Education and Training8.610.40.838.69.70.89-0.07
Health Care and Social Assistance15.514.31.0913.513.70.98+0.10
Arts and Recreation Services1.12.70.390.72.60.28+0.39
Other Services4.54.01.124.23.81.10+0.02

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

NIEIR-ID data are adjusted each year, using updated employment estimates. Each release may change previous years’ figures.Learn more
Location quotient is the percentage of total in the area relative to the same percentage in the selected benchmark area.

Location quotient by industry sector 2017/18
Location quotient by industry sector 2017/18 Agriculture, Forestry and Fishing for Greater Burnie Economic Region relative to Greater Hobart location quotient: 3.90 Mining for Greater Burnie Economic Region relative to Greater Hobart location quotient: 7.32 Manufacturing for Greater Burnie Economic Region relative to Greater Hobart location quotient: 1.68 Electricity, Gas, Water and Waste Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.27 Construction for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.91 Wholesale Trade for Greater Burnie Economic Region relative to Greater Hobart location quotient: 1.34 Retail Trade for Greater Burnie Economic Region relative to Greater Hobart location quotient: 1.06 Accommodation and Food Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.86 Transport, Postal and Warehousing for Greater Burnie Economic Region relative to Greater Hobart location quotient: 1.39 Information Media and Telecommunications for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.48 Financial and Insurance Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.44 Rental, Hiring and Real Estate Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.85 Professional, Scientific and Technical Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.52 Administrative and Support Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 1.35 Public Administration and Safety for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.52 Education and Training for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.83 Health Care and Social Assistance for Greater Burnie Economic Region relative to Greater Hobart location quotient: 1.09 Arts and Recreation Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 0.39 Other Services for Greater Burnie Economic Region relative to Greater Hobart location quotient: 1.12
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Change in LQ by industry sector, 2012/13 to 2017/18
Change in LQ by industry sector, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Change: -0.04 Mining, Change: -0.28 Manufacturing, Change: -0.12 Electricity, Gas, Water and Waste Services, Change: 0.06 Construction, Change: -0.03 Wholesale Trade, Change: -0.06 Retail Trade, Change: 0.01 Accommodation and Food Services, Change: -0.03 Transport, Postal and Warehousing, Change: 0.03 Information Media and Telecommunications, Change: 0.03 Financial and Insurance Services, Change: -0.17 Rental, Hiring and Real Estate Services, Change: 0.12 Professional, Scientific and Technical Services, Change: 0.09 Administrative and Support Services, Change: 0.10 Public Administration and Safety, Change: 0 Education and Training, Change: -0.07 Health Care and Social Assistance, Change: 0.10 Arts and Recreation Services, Change: 0.39 Other Services, Change: 0.02
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Dominant groups

A location quotient of greater than 1.2 is generally considered a level of industry specialisation, while a LQ of 0.8 or less indicates an industry which doesn’t have a major presence in the area.

An analysis of employment (Total) in Greater Burnie Economic Region in 2017/18 shows the three industries with the highest location quotient relative to Greater Hobart were:

  • Mining (7.3)
  • Agriculture, Forestry and Fishing (3.9)
  • Manufacturing (1.7)

The three industries with the lowest location quotient relative to Greater Hobart were:

  • Electricity, Gas, Water and Waste Services (0.3)
  • Arts and Recreation Services (0.4)
  • Financial and Insurance Services (0.4)

Emerging groups

Changes in location quotients over time reveal emerging or declining industry specialisations.

The largest changes in the employment (Total) LQ between 2012/13 and 2017/18 in Greater Burnie Economic Region were for these industries:

  • Arts and Recreation Services (+0.4)
  • Mining (-0.3)
  • Financial and Insurance Services (-0.2)
  • Manufacturing (-0.1)

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