Cradle Coast Region

economic profile

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Cradle Coast Region

Value added

In the Cradle Coast Region, Agriculture, Forestry and Fishing most productive industry, generating $1,026 million in 2018/19.

Value added by industry is an indicator of business productivity in the Cradle Coast Region. 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 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 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

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Value added by industry sector
Cradle Coast Region2018/192013/14Change
Industry$m%. Tasmania$m%. Tasmania2013/14 - 2018/19
Agriculture, Forestry and Fishing1,025.817.712.1787.414.910.6+238.4
Mining716.712.33.7755.814.34.9-39.1
Manufacturing559.89.66.9627.411.98.1-67.5
Electricity, Gas, Water and Waste Services111.81.93.5126.22.44.3-14.4
Construction519.38.97.8374.07.16.7+145.3
Wholesale Trade203.03.53.5202.43.83.8+0.6
Retail Trade271.64.75.4252.14.85.4+19.5
Accommodation and Food Services140.32.43.0132.62.53.0+7.7
Transport, Postal and Warehousing373.36.44.6344.36.54.5+29.1
Information Media and Telecommunications115.72.04.270.21.33.6+45.4
Financial and Insurance Services168.92.96.5164.53.16.7+4.4
Rental, Hiring and Real Estate Services93.71.62.068.71.31.8+25.1
Professional, Scientific and Technical Services94.81.63.486.11.63.3+8.7
Administrative and Support Services122.62.12.0113.42.22.0+9.1
Public Administration and Safety204.23.56.6209.74.07.3-5.5
Education and Training294.95.17.0280.15.37.3+14.8
Health Care and Social Assistance676.211.614.6566.210.713.5+110.1
Arts and Recreation Services21.40.41.220.90.41.2+0.4
Other Services92.51.61.991.21.72.0+1.3
Total industries5,806.3100.0100.05,273.1100.0100.0+533.2

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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

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 Cradle Coast Region in 2018/19 shows the three largest industries were:

  • Agriculture, Forestry and Fishing (1,026 million or 17.7%)
  • Mining (717 million or 12.3%)
  • Health Care and Social Assistance (676 million or 11.6%)

In combination these three industries accounted for 2,419 million in total or 41.7% of the total value added by industry in the the Cradle Coast Region.

In comparison, the same 3 industries in Tasmania accounted for 12.1% in Agriculture, Forestry and Fishing; 3.7% in Mining and 14.6% in Health Care and Social Assistance.

The major differences between the value added by industries of the Cradle Coast Region and Tasmania were:

  • A larger percentage of value added by Mining (12.3% compared to 3.7%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (17.7% compared to 12.1%)
  • A smaller percentage of value added by Financial and Insurance Services (2.9% compared to 6.5%)
  • A smaller percentage of value added by Public Administration and Safety (3.5% compared to 6.6%)

Emerging groups

The total value added by industry in the Cradle Coast Region $increased by 533 million between 2013/14 and 2018/19.

The largest changes in the value added by industries between 2013/14 and 2018/19 in the Cradle Coast Region were for:

  • Agriculture, Forestry and Fishing (+$238 million)
  • Construction (+$145 million)
  • Health Care and Social Assistance (+$110 million)
  • Information Media and Telecommunications (+$45 million)

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Cradle Coast Region

economic profile