Cradle Coast Region

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King Island Council area

Value added

In the King Island Council area, Agriculture, Forestry and Fishing most productive industry, generating $81 million in 2018/19.

Value added by industry is an indicator of business productivity in the King Island Council 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 King Island Council 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

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Value added by industry sector
King Island Council area2018/192010/11Change
Industry$m%. Tasmania$m%. Tasmania2010/11 - 2018/19
Agriculture, Forestry and Fishing80.758.312.160.950.910.1+19.8
Mining0.003.7004.8+0.0
Manufacturing11.68.46.915.713.18.0-4.1
Electricity, Gas, Water and Waste Services4.43.23.55.95.04.8-1.5
Construction5.94.37.84.33.66.9+1.6
Wholesale Trade2.01.53.52.62.13.5-0.5
Retail Trade4.63.35.44.13.45.9+0.5
Accommodation and Food Services2.21.63.02.11.73.3+0.1
Transport, Postal and Warehousing3.62.64.64.94.15.0-1.2
Information Media and Telecommunications0.50.34.20.60.53.3-0.1
Financial and Insurance Services2.01.46.52.21.97.2-0.3
Rental, Hiring and Real Estate Services1.61.12.00.30.21.5+1.3
Professional, Scientific and Technical Services0.50.43.40.60.53.2-0.1
Administrative and Support Services1.71.22.01.31.12.2+0.4
Public Administration and Safety4.53.26.66.45.37.6-1.9
Education and Training5.33.97.02.92.47.5+2.5
Health Care and Social Assistance5.64.014.63.32.811.9+2.2
Arts and Recreation Services0.50.41.20.50.41.3+0.1
Other Services1.30.91.91.21.02.1+0.0
Total industries138.4100.0100.0119.6100.0100.0+18.8

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 King Island Council area in 2018/19 shows the three largest industries were:

  • Agriculture, Forestry and Fishing (81 million or 58.3%)
  • Manufacturing (12 million or 8.4%)
  • Construction (6 million or 4.3%)

In combination these three industries accounted for 98 million in total or 70.9% of the total value added by industry in the the King Island Council area.

In comparison, the same 3 industries in Tasmania accounted for 12.1% in Agriculture, Forestry and Fishing; 6.9% in Manufacturing and 7.8% in Construction.

The major differences between the value added by industries of the King Island Council area and Tasmania were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (58.3% compared to 12.1%)
  • A smaller percentage of value added by Health Care and Social Assistance (4.0% compared to 14.6%)
  • A smaller percentage of value added by Financial and Insurance Services (1.4% compared to 6.5%)
  • A smaller percentage of value added by Information Media and Telecommunications (0.3% compared to 4.2%)

Emerging groups

The total value added by industry in the King Island Council area $increased by 19 million between 2010/11 and 2018/19.

The largest changes in the value added by industries between 2010/11 and 2018/19 in the King Island Council area were for:

  • Agriculture, Forestry and Fishing (+$20 million)
  • Education and Training (+$2 million)
  • Health Care and Social Assistance (+$2 million)
  • Construction (+$2 million)

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Cradle Coast Region

economic profile