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Greater Burnie Economic Region

Value added

In Greater Burnie Economic Region, Health Care and Social Assistance is the most productive industry, generating $380 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

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
Greater Burnie Economic Region - Constant prices2017/182012/13Change
Industry
(Click rows to view sub-categories)
$m%Greater Hobart%$m%Greater Hobart%2012/13 to 2017/18
Agriculture, Forestry and Fishing331.714.53.3273.712.12.8+58.0
Mining256.111.21.2261.111.51.0-5.0
Manufacturing223.49.85.5300.613.35.9-77.2
Electricity, Gas, Water and Waste Services18.70.84.525.51.16.2-6.8
Construction131.45.75.4148.26.65.6-16.8
Wholesale Trade77.43.43.1100.64.43.4-23.2
Retail Trade126.15.56.1118.75.25.9+7.4
Accommodation and Food Services54.22.43.350.92.33.3+3.2
Transport, Postal and Warehousing113.14.93.4125.35.54.0-12.2
Information Media and Telecommunications45.02.05.543.51.95.4+1.5
Financial and Insurance Services83.43.610.180.83.68.3+2.6
Rental, Hiring and Real Estate Services35.51.62.129.31.32.1+6.2
Professional, Scientific and Technical Services39.51.74.537.81.74.9+1.7
Administrative and Support Services64.22.82.151.72.32.0+12.5
Public Administration and Safety117.25.111.1109.04.810.7+8.2
Education and Training140.26.18.7141.16.29.0-0.9
Health Care and Social Assistance379.816.616.4316.914.015.8+62.9
Arts and Recreation Services7.90.31.66.10.31.6+1.8
Other Services46.02.02.140.31.82.1+5.7

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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 2017/18
Value added by industry sector 2017/18 Agriculture, Forestry and Fishing, Greater Hobart: 3.3% Mining, Greater Hobart: 1.2% Manufacturing, Greater Hobart: 5.5% Electricity, Gas, Water and Waste Services, Greater Hobart: 4.5% Construction, Greater Hobart: 5.4% Wholesale Trade, Greater Hobart: 3.1% Retail Trade, Greater Hobart: 6.1% Accommodation and Food Services, Greater Hobart: 3.3% Transport, Postal and Warehousing, Greater Hobart: 3.4% Information Media and Telecommunications, Greater Hobart: 5.5% Financial and Insurance Services, Greater Hobart: 10.1% Rental, Hiring and Real Estate Services, Greater Hobart: 2.1% Professional, Scientific and Technical Services, Greater Hobart: 4.5% Administrative and Support Services, Greater Hobart: 2.1% Public Administration and Safety, Greater Hobart: 11.1% Education and Training, Greater Hobart: 8.7% Health Care and Social Assistance, Greater Hobart: 16.4% Arts and Recreation Services, Greater Hobart: 1.6% Other Services, Greater Hobart: 2.1% Agriculture, Forestry and Fishing, Greater Burnie Economic Region: 14.5% Mining, Greater Burnie Economic Region: 11.2% Manufacturing, Greater Burnie Economic Region: 9.8% Electricity, Gas, Water and Waste Services, Greater Burnie Economic Region: 0.8% Construction, Greater Burnie Economic Region: 5.7% Wholesale Trade, Greater Burnie Economic Region: 3.4% Retail Trade, Greater Burnie Economic Region: 5.5% Accommodation and Food Services, Greater Burnie Economic Region: 2.4% Transport, Postal and Warehousing, Greater Burnie Economic Region: 4.9% Information Media and Telecommunications, Greater Burnie Economic Region: 2.0% Financial and Insurance Services, Greater Burnie Economic Region: 3.6% Rental, Hiring and Real Estate Services, Greater Burnie Economic Region: 1.6% Professional, Scientific and Technical Services, Greater Burnie Economic Region: 1.7% Administrative and Support Services, Greater Burnie Economic Region: 2.8% Public Administration and Safety, Greater Burnie Economic Region: 5.1% Education and Training, Greater Burnie Economic Region: 6.1% Health Care and Social Assistance, Greater Burnie Economic Region: 16.6% Arts and Recreation Services, Greater Burnie Economic Region: 0.3% Other Services, Greater Burnie Economic Region: 2.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Greater Burnie Economic Region in 2017/18 shows the three largest industries were:

  • Health Care and Social Assistance ($380 million or 16.6%)
  • Agriculture, Forestry and Fishing ($332 million or 14.5%)
  • Mining ($256 million or 11.2%)

In combination these three industries accounted for $968 million in total or 42.2% of the total value added by industry in Greater Burnie Economic Region.

In comparison, the same 3 industries in Greater Hobart accounted for 16.4% in Health Care and Social Assistance; 3.3% in Agriculture, Forestry and Fishing; and 1.2% in Mining.

The major differences between the value added by industries of Greater Burnie Economic Region and Greater Hobart were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (14.5% compared to 3.3%)
  • A larger percentage of value added by Mining (11.2% compared to 1.2%)
  • A smaller percentage of value added by Financial and Insurance Services (3.6% compared to 10.1%)
  • A smaller percentage of value added by Public Administration and Safety (5.1% compared to 11.1%)

Change in value added by industry sector, 2012/13 to 2017/18
Change in value added by industry sector, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Greater Burnie Economic Region: +$58.0 million Mining, Greater Burnie Economic Region: -$5.0 million Manufacturing, Greater Burnie Economic Region: -$77.2 million Electricity, Gas, Water and Waste Services, Greater Burnie Economic Region: -$6.8 million Construction, Greater Burnie Economic Region: -$16.8 million Wholesale Trade, Greater Burnie Economic Region: -$23.2 million Retail Trade, Greater Burnie Economic Region: +$7.4 million Accommodation and Food Services, Greater Burnie Economic Region: +$3.2 million Transport, Postal and Warehousing, Greater Burnie Economic Region: -$12.2 million Information Media and Telecommunications, Greater Burnie Economic Region: +$1.5 million Financial and Insurance Services, Greater Burnie Economic Region: +$2.6 million Rental, Hiring and Real Estate Services, Greater Burnie Economic Region: +$6.2 million Professional, Scientific and Technical Services, Greater Burnie Economic Region: +$1.7 million Administrative and Support Services, Greater Burnie Economic Region: +$12.5 million Public Administration and Safety, Greater Burnie Economic Region: +$8.2 million Education and Training, Greater Burnie Economic Region: -$0.9 million Health Care and Social Assistance, Greater Burnie Economic Region: +$62.9 million Arts and Recreation Services, Greater Burnie Economic Region: +$1.8 million Other Services, Greater Burnie Economic Region: +$5.7 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in Greater Burnie Economic Region increased by 29.6 million between 2012/13 and 2017/18.

The largest changes in the value added by industries between 2012/13 and 2017/18 in Greater Burnie Economic Region were for:

  • Manufacturing (-$77 million)
  • Health Care and Social Assistance (+$63 million)
  • Agriculture, Forestry and Fishing (+$58 million)

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