Circular Head Council area
In Circular Head Council area, Agriculture, Forestry and Fishing is the most productive industry, generating $231 million in 2017/18.
Value added by industry is an indicator of business productivity in Cradle Coast Region. It shows how productive each industry sector is at increasing the value of its inputs. It is a more refined measure of the productivity of an industry sector than output (total gross revenue), as some industries have high levels of output but require large amounts of input expenditure to achieve that.
By comparing the value added of each industry sector to a regional benchmark, you can clearly see the structure of Cradle Coast Region’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To see what contribution each industry makes to the state or region, see the Industry sector analysis section. To understand the value of a worker in each industry, view this dataset in conjunction with Worker productivity data, and to see the relationship of value added to the total size of the economy, go to the Gross Regional Product section.
Detailed notes about how the figures are derived can be found in the specific topic notes section.
National Economics (NIEIR) - Modelled series
|Value added by industry sector|
|Circular Head Council area - Constant prices||2017/18||2012/13||Change|
|Industry (Click rows to view sub-categories)||$m||%||Greater Hobart%||$m||%||Greater Hobart%||2012/13 to 2017/18|
|Agriculture, Forestry and Fishing||231.3||45.7||3.3||208.5||42.1||2.8||+22.8||23000||P|
|Electricity, Gas, Water and Waste Services||1.4||0.3||4.5||4.1||0.8||6.2||-2.8||23300||P|
|Accommodation and Food Services||16.0||3.2||3.3||10.8||2.2||3.3||+5.2||23700||P|
|Transport, Postal and Warehousing||11.2||2.2||3.4||12.9||2.6||4.0||-1.7||23800||P|
|Information Media and Telecommunications||7.2||1.4||5.5||3.8||0.8||5.4||+3.4||23900||P|
|Financial and Insurance Services||13.0||2.6||10.1||10.4||2.1||8.3||+2.6||24000||P|
|Rental, Hiring and Real Estate Services||3.1||0.6||2.1||4.2||0.8||2.1||-1.1||24100||P|
|Professional, Scientific and Technical Services||5.0||1.0||4.5||4.7||0.9||4.9||+0.3||24200||P|
|Administrative and Support Services||4.1||0.8||2.1||2.9||0.6||2.0||+1.3||24300||P|
|Public Administration and Safety||8.9||1.8||11.1||7.2||1.5||10.7||+1.6||24400||P|
|Education and Training||18.3||3.6||8.7||15.7||3.2||9.0||+2.6||24500||P|
|Health Care and Social Assistance||22.0||4.3||16.4||20.2||4.1||15.8||+1.8||24600||P|
|Arts and Recreation Services||2.0||0.4||1.6||1.6||0.3||1.6||+0.4||24700||P|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2018. Compiled and presented in economy.id by .id (opens a new window), 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
An analysis of the valued added by industry sectors in Circular Head Council area in 2017/18 shows the three largest industries were:
- Agriculture, Forestry and Fishing ($231 million or 45.7%)
- Manufacturing ($74 million or 14.6%)
- Mining ($31 million or 6.0%)
In combination these three industries accounted for $335 million in total or 66.3% of the total value added by industry in Circular Head Council area.
In comparison, the same 3 industries in Greater Hobart accounted for 3.3% in Agriculture, Forestry and Fishing; 5.5% in Manufacturing; and 1.2% in Mining.
The major differences between the value added by industries of Circular Head Council area and Greater Hobart were:
- A larger percentage of value added by Agriculture, Forestry and Fishing (45.7% compared to 3.3%)
- A larger percentage of value added by Manufacturing (14.6% compared to 5.5%)
- A smaller percentage of value added by Health Care and Social Assistance (4.3% compared to 16.4%)
- A smaller percentage of value added by Public Administration and Safety (1.8% compared to 11.1%)
The total value added by industry in Circular Head Council area increased by 10.3 million between 2012/13 and 2017/18.
There were no major changes in the value added by industries between 2012/13 and 2017/18 in Circular Head Council area.