Cradle Coast Region

economic profile

cradle-coast logo

Murchison Area

Value added

In the Murchison Area, Mining most productive industry, generating $613 million in 2018/19.

Value added by industry is an indicator of business productivity in the Murchison Area. 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 Murchison Area’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

Current area:
Current benchmark:
Comparison year:
reset
Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
reset
export
  • Excel
  • Excel full
  • Word
  • Word full
Value added by industry sector
Murchison Area2018/192013/14Change
Industry$m%. Tasmania$m%. Tasmania2013/14 - 2018/19
Agriculture, Forestry and Fishing488.225.112.1381.922.310.6+106.3
Mining613.131.53.7633.436.94.9-20.3
Manufacturing143.67.46.9156.29.18.1-12.6
Electricity, Gas, Water and Waste Services23.21.23.520.31.24.3+3.0
Construction223.711.57.893.75.56.7+130.0
Wholesale Trade49.92.63.556.83.33.8-6.9
Retail Trade50.82.65.446.82.75.4+3.9
Accommodation and Food Services35.41.83.035.82.13.0-0.4
Transport, Postal and Warehousing42.52.24.638.92.34.5+3.5
Information Media and Telecommunications14.80.84.28.90.53.6+6.0
Financial and Insurance Services27.41.46.523.61.46.7+3.8
Rental, Hiring and Real Estate Services11.60.62.08.50.51.8+3.2
Professional, Scientific and Technical Services13.80.73.412.90.83.3+0.9
Administrative and Support Services20.51.12.016.41.02.0+4.0
Public Administration and Safety30.51.66.628.91.77.3+1.6
Education and Training52.52.77.052.13.07.3+0.4
Health Care and Social Assistance85.44.414.678.64.613.5+6.8
Arts and Recreation Services5.40.31.25.40.31.2+0.0
Other Services14.60.71.916.10.92.0-1.5
Total industries1,946.9100.0100.01,715.3100.0100.0+231.6

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.
loading animation
loading animation

Dominant groups

An analysis of the valued added by industry sectors in the Murchison Area in 2018/19 shows the three largest industries were:

  • Mining (613 million or 31.5%)
  • Agriculture, Forestry and Fishing (488 million or 25.1%)
  • Construction (224 million or 11.5%)

In combination these three industries accounted for 1,325 million in total or 68.1% of the total value added by industry in the the Murchison Area.

In comparison, the same 3 industries in Tasmania accounted for 3.7% in Mining; 12.1% in Agriculture, Forestry and Fishing and 7.8% in Construction.

The major differences between the value added by industries of the Murchison Area and Tasmania were:

  • A larger percentage of value added by Mining (31.5% compared to 3.7%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (25.1% compared to 12.1%)
  • A smaller percentage of value added by Health Care and Social Assistance (4.4% compared to 14.6%)
  • A smaller percentage of value added by Financial and Insurance Services (1.4% compared to 6.5%)

Emerging groups

The total value added by industry in the Murchison Area $increased by 232 million between 2013/14 and 2018/19.

The largest changes in the value added by industries between 2013/14 and 2018/19 in the Murchison Area were for:

  • Construction (+$130 million)
  • Agriculture, Forestry and Fishing (+$106 million)
  • Health Care and Social Assistance (+$7 million)
  • Information Media and Telecommunications (+$6 million)

To continue building your economic story go to...

Cradle Coast Region

economic profile