Cradle Coast RegionEconomic profile
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Cradle Coast Region

Worker productivity

In the Cradle Coast Region, Financial and Insurance Services had the highest productivity by industry, generating $343,092 per worker in 2017/18.

Worker productivity by industry is calculated by dividing the industry value add by the number of persons employed in that industry. It shows which industries generate the most value add per employee. Some industry sectors, such as retail trade, are not highly productive per worker, but they employ a lot of people. Other industries, such as mining, employ fewer people but generate high levels of productivity. Each plays an important role in the economy.

Worker productivity data should be viewed in conjunction with Employment by industry (Total) and Employment by industry (FTE), to see the relative size of employment in each industry, and with Local workers income to see how many local workers are actually each in each industry, and with Sources of income data to see whether employment is the main way income is derived.

Detailed notes about how the figures are derived can be found in the specific topic notes section.

National Economics (NIEIR) - Modelled series

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Productivity per worker (annual) by industry
Cradle Coast Region - Constant prices2017/182012/13Change
Industry
(Click rows to view sub-categories)
$Tasmania $$Tasmania $2012/13 to 2017/18
Agriculture, Forestry and Fishing212,766198,481210,924197,359+1,842
Mining308,134336,288272,327285,254+35,807
Manufacturing104,24598,753109,51595,821-5,270
Electricity, Gas, Water and Waste Services160,655189,640194,503227,665-33,847
Construction67,04658,37471,49870,831-4,452
Wholesale Trade130,743147,750113,995116,824+16,749
Retail Trade48,26151,75446,88450,297+1,377
Accommodation and Food Services38,37538,57638,32241,420+53
Transport, Postal and Warehousing96,77090,631115,107104,696-18,336
Information Media and Telecommunications200,872243,180157,426199,827+43,445
Financial and Insurance Services343,092387,356248,598290,513+94,493
Rental, Hiring and Real Estate Services138,166143,166108,630119,799+29,536
Professional, Scientific and Technical Services57,04566,31557,34268,244-297
Administrative and Support Services67,79665,27170,97770,809-3,181
Public Administration and Safety91,54699,32278,14384,412+13,404
Education and Training68,02975,45070,32182,127-2,293
Health Care and Social Assistance101,800106,240101,202106,993+598
Arts and Recreation Services40,20352,35146,69556,754-6,492
Other Services44,17248,60743,81749,087+355

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

Productivity per worker (annual) by industry 2017/18
Productivity per worker (annual) by industry 2017/18 Agriculture, Forestry and Fishing, Tasmania: $198,481 Mining, Tasmania: $336,288 Manufacturing, Tasmania: $98,753 Electricity, Gas, Water and Waste Services, Tasmania: $189,640 Construction, Tasmania: $58,374 Wholesale Trade, Tasmania: $147,750 Retail Trade, Tasmania: $51,754 Accommodation and Food Services, Tasmania: $38,576 Transport, Postal and Warehousing, Tasmania: $90,631 Information Media and Telecommunications, Tasmania: $243,180 Financial and Insurance Services, Tasmania: $387,356 Rental, Hiring and Real Estate Services, Tasmania: $143,166 Professional, Scientific and Technical Services, Tasmania: $66,315 Administrative and Support Services, Tasmania: $65,271 Public Administration and Safety, Tasmania: $99,322 Education and Training, Tasmania: $75,450 Health Care and Social Assistance, Tasmania: $106,240 Arts and Recreation Services, Tasmania: $52,351 Other Services, Tasmania: $48,607 Agriculture, Forestry and Fishing, Cradle Coast Region: $212,766 Mining, Cradle Coast Region: $308,134 Manufacturing, Cradle Coast Region: $104,245 Electricity, Gas, Water and Waste Services, Cradle Coast Region: $160,655 Construction, Cradle Coast Region: $67,046 Wholesale Trade, Cradle Coast Region: $130,743 Retail Trade, Cradle Coast Region: $48,261 Accommodation and Food Services, Cradle Coast Region: $38,375 Transport, Postal and Warehousing, Cradle Coast Region: $96,770 Information Media and Telecommunications, Cradle Coast Region: $200,872 Financial and Insurance Services, Cradle Coast Region: $343,092 Rental, Hiring and Real Estate Services, Cradle Coast Region: $138,166 Professional, Scientific and Technical Services, Cradle Coast Region: $57,045 Administrative and Support Services, Cradle Coast Region: $67,796 Public Administration and Safety, Cradle Coast Region: $91,546 Education and Training, Cradle Coast Region: $68,029 Health Care and Social Assistance, Cradle Coast Region: $101,800 Arts and Recreation Services, Cradle Coast Region: $40,203 Other Services, Cradle Coast Region: $44,172
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Change in productivity per worker (annual) by industry, 2012/13 to 2017/18
Change in productivity per worker (annual) by industry, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Cradle Coast Region: +$1,842 Mining, Cradle Coast Region: +$35,807 Manufacturing, Cradle Coast Region: -$5,270 Electricity, Gas, Water and Waste Services, Cradle Coast Region: -$33,847 Construction, Cradle Coast Region: -$4,452 Wholesale Trade, Cradle Coast Region: +$16,749 Retail Trade, Cradle Coast Region: +$1,377 Accommodation and Food Services, Cradle Coast Region: +$53 Transport, Postal and Warehousing, Cradle Coast Region: -$18,336 Information Media and Telecommunications, Cradle Coast Region: +$43,445 Financial and Insurance Services, Cradle Coast Region: +$94,493 Rental, Hiring and Real Estate Services, Cradle Coast Region: +$29,536 Professional, Scientific and Technical Services, Cradle Coast Region: -$297 Administrative and Support Services, Cradle Coast Region: -$3,181 Public Administration and Safety, Cradle Coast Region: +$13,404 Education and Training, Cradle Coast Region: -$2,293 Health Care and Social Assistance, Cradle Coast Region: +$598 Arts and Recreation Services, Cradle Coast Region: -$6,492 Other Services, Cradle Coast Region: +$355
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 worker productivity by industry sectors in Cradle Coast Region in 2017/18 shows the three highest industries were:

  • Financial and Insurance Services ($343,092)
  • Mining ($308,134)
  • Agriculture, Forestry and Fishing ($212,766)

In comparison, the same 3 industries in Tasmania were for $387,356 in Financial and Insurance Services; $336,288 in Mining; and $198,481 in Agriculture, Forestry and Fishing.

The major differences between worker productivity by industries in the Cradle Coast Region and Tasmania were:

  • Lower worker productivity in Financial and Insurance Services ($343,092 compared to $387,356)
  • Lower worker productivity in Information Media and Telecommunications ($200,872 compared to $243,180)
  • Lower worker productivity in Electricity, Gas, Water and Waste Services ($160,655 compared to $189,640)
  • Lower worker productivity in Mining ($308,134 compared to $336,288)

Emerging groups

The total worker productivity by industry in the Cradle Coast Region decreased by $1,382 between 2012/13 and 2017/18.

The largest changes in worker productivity by industries between 2012/13 and 2017/18 in the Cradle Coast Region were for:

  • Financial and Insurance Services (+$94,493)
  • Information Media and Telecommunications (+$43,445)
  • Mining (+$35,807)
  • Electricity, Gas, Water and Waste Services (-$33,847)

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