Cradle Coast RegionEconomic profile
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Cradle Coast Region

Value added

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

Value added by industry is an indicator of business productivity in 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 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 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

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Value added by industry sector
Cradle Coast Region - Constant prices2018/192013/14Change
Industry
(Click rows to view sub-categories)
$m%Tasmania%$m%Tasmania%2013/14 to 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

Source: National Institute of Economic and Industry Research (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 more

Value added by industry sector 2018/19
Value added by industry sector 2018/19 Agriculture, Forestry and Fishing, Tasmania: 12.1% Mining, Tasmania: 3.7% Manufacturing, Tasmania: 6.9% Electricity, Gas, Water and Waste Services, Tasmania: 3.5% Construction, Tasmania: 7.8% Wholesale Trade, Tasmania: 3.5% Retail Trade, Tasmania: 5.4% Accommodation and Food Services, Tasmania: 3.0% Transport, Postal and Warehousing, Tasmania: 4.6% Information Media and Telecommunications, Tasmania: 4.2% Financial and Insurance Services, Tasmania: 6.5% Rental, Hiring and Real Estate Services, Tasmania: 2.0% Professional, Scientific and Technical Services, Tasmania: 3.4% Administrative and Support Services, Tasmania: 2.0% Public Administration and Safety, Tasmania: 6.6% Education and Training, Tasmania: 7.0% Health Care and Social Assistance, Tasmania: 14.6% Arts and Recreation Services, Tasmania: 1.2% Other Services, Tasmania: 1.9% Agriculture, Forestry and Fishing, Cradle Coast Region: 17.7% Mining, Cradle Coast Region: 12.3% Manufacturing, Cradle Coast Region: 9.6% Electricity, Gas, Water and Waste Services, Cradle Coast Region: 1.9% Construction, Cradle Coast Region: 8.9% Wholesale Trade, Cradle Coast Region: 3.5% Retail Trade, Cradle Coast Region: 4.7% Accommodation and Food Services, Cradle Coast Region: 2.4% Transport, Postal and Warehousing, Cradle Coast Region: 6.4% Information Media and Telecommunications, Cradle Coast Region: 2.0% Financial and Insurance Services, Cradle Coast Region: 2.9% Rental, Hiring and Real Estate Services, Cradle Coast Region: 1.6% Professional, Scientific and Technical Services, Cradle Coast Region: 1.6% Administrative and Support Services, Cradle Coast Region: 2.1% Public Administration and Safety, Cradle Coast Region: 3.5% Education and Training, Cradle Coast Region: 5.1% Health Care and Social Assistance, Cradle Coast Region: 11.6% Arts and Recreation Services, Cradle Coast Region: 0.4% Other Services, Cradle Coast Region: 1.6%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in 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 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%)

Change in value added by industry sector, 2013/14 to 2018/19
Change in value added by industry sector, 2013/14 to 2018/19 Agriculture, Forestry and Fishing, Cradle Coast Region: +$238.4 million Mining, Cradle Coast Region: -$39.1 million Manufacturing, Cradle Coast Region: -$67.5 million Electricity, Gas, Water and Waste Services, Cradle Coast Region: -$14.4 million Construction, Cradle Coast Region: +$145.3 million Wholesale Trade, Cradle Coast Region: +$0.6 million Retail Trade, Cradle Coast Region: +$19.5 million Accommodation and Food Services, Cradle Coast Region: +$7.7 million Transport, Postal and Warehousing, Cradle Coast Region: +$29.1 million Information Media and Telecommunications, Cradle Coast Region: +$45.4 million Financial and Insurance Services, Cradle Coast Region: +$4.4 million Rental, Hiring and Real Estate Services, Cradle Coast Region: +$25.1 million Professional, Scientific and Technical Services, Cradle Coast Region: +$8.7 million Administrative and Support Services, Cradle Coast Region: +$9.1 million Public Administration and Safety, Cradle Coast Region: -$5.5 million Education and Training, Cradle Coast Region: +$14.8 million Health Care and Social Assistance, Cradle Coast Region: +$110.1 million Arts and Recreation Services, Cradle Coast Region: +$0.4 million Other Services, Cradle Coast Region: +$1.3 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the Cradle Coast Region increased by 533.2 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)
  • Manufacturing (-$68 million)

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