In the Cradle Coast Region, Manufacturing had the largest output by industry, generating $1,694 million in 2018/19.
Output by industry is a gross measure of the total sales of each industry sector in the Cradle Coast Region. It does not measure how productive each industry sector is at producing this output - which is measured by value added.
By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of the Cradle Coast Region’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.
Detailed data notes about how the figures are derived can be found in the specific topic notes section.
The gross measure of output includes the value of all the inputs to each industry.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|Cradle Coast Region||2018/19||2013/14||Change|
|Industry||$m||%||Tasmania||$m||%||Tasmania||2013/14 - 2018/19|
|Agriculture, Forestry and Fishing||1,584.6||14.0||9.6||1,113.1||10.4||7.4||+471.5|
|Electricity, Gas, Water and Waste Services||256.7||2.3||4.5||277.9||2.6||5.4||-21.2|
|Accommodation and Food Services||291.5||2.6||3.1||271.0||2.5||3.1||+20.5|
|Transport, Postal and Warehousing||835.1||7.4||5.2||835.5||7.8||5.4||-0.3|
|Information Media and Telecommunications||202.4||1.8||4.1||136.0||1.3||3.7||+66.3|
|Financial and Insurance Services||263.9||2.3||5.4||256.8||2.4||5.4||+7.1|
|Rental, Hiring and Real Estate Services||200.3||1.8||2.2||137.1||1.3||1.8||+63.2|
|Professional, Scientific and Technical Services||192.8||1.7||3.5||163.9||1.5||3.1||+28.9|
|Administrative and Support Services||227.8||2.0||1.9||207.0||1.9||1.9||+20.8|
|Public Administration and Safety||324.1||2.9||5.4||360.1||3.4||6.3||-36.0|
|Education and Training||420.1||3.7||5.2||376.9||3.5||4.9||+43.1|
|Health Care and Social Assistance||975.5||8.6||10.9||748.7||7.0||9.0||+226.8|
|Arts and Recreation Services||51.4||0.5||1.6||45.7||0.4||1.5||+5.7|
Source: National Institute of Economic and Industry Research (NIEIR) (NIEIR) ©2019. Compiled and presented in economy.id by .id the population experts. Data are based on a 2016-17 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 morePlease refer to specific data notes for more information
An analysis of the output by industry sectors in the Cradle Coast Region in 2018/19 shows the three largest industries were:
- Manufacturing ($1,694 million or 15.0%)
- Construction ($1,631 million or 14.5%)
- Agriculture, Forestry and Fishing ($1,585 million or 14.0%)
In combination these three industries accounted for $4,910 million in total or 43.5% of the total output by total industry in the the Cradle Coast Region.
In comparison, the same 3 industries in Tasmania accounted for 12.2% in Manufacturing; 12.9% in Construction and 9.6% in Agriculture, Forestry and Fishing.
The major differences between output by industries of the Cradle Coast Region and Tasmania were:
- A larger percentage of output by Mining (10.2% compared to 3.0%)
- A larger percentage of output by Agriculture, Forestry and Fishing (14.0% compared to 9.6%)
- A smaller percentage of output by Financial and Insurance Services (2.3% compared to 5.4%)
- A larger percentage of output by Manufacturing (15.0% compared to 12.2%)
The total industry output in the Cradle Coast Region increased by $608 million between 2013/14 and 2018/19.
The largest changes in the output by industries between 2013/14 and 2018/19 in the Cradle Coast Region were for:
- Agriculture, Forestry and Fishing (+$472 million)
- Construction (+$342 million)
- Health Care and Social Assistance (+$227 million)
- Information Media and Telecommunications (+$66 million)