Far North Queensland Regional Organisation of Councils

economic profile

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FNQROC

Output

In the FNQROC, Transport, Postal and Warehousing had the largest output by industry, generating $4,627 million in 2022/23.

Output by industry is a gross measure of the total sales of each industry sector in the FNQROC. It does not measure how productive each industry sector is at producing this output - which is measured by value added.

By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of the FNQROC’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 get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.

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

The gross measure of output includes the value of all the inputs to each industry.

Data source

National Economics (NIEIR) - Modelled series

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Output by industry sector
FNQROC2022/232016/17Change
Industry$m%. Queensland$m%. Queensland2016/17 - 2022/23
Agriculture, Forestry and Fishing4,083.211.54.03,295.89.33.6+787.5
Mining2,275.26.413.67,186.420.316.6-4,911.2
Manufacturing2,887.48.110.42,837.08.011.0+50.4
Electricity, Gas, Water and Waste Services1,444.74.13.91,213.73.43.6+230.9
Construction4,050.511.413.33,716.410.514.8+334.2
Wholesale Trade764.52.13.3833.32.43.4-68.8
Retail Trade1,489.44.23.71,416.94.03.6+72.6
Accommodation and Food Services1,495.94.22.61,487.74.22.6+8.2
Transport, Postal and Warehousing4,627.113.07.92,834.68.06.8+1,792.5
Information Media and Telecommunications342.31.01.8228.70.61.3+113.6
Financial and Insurance Services672.21.94.6742.32.14.4-70.1
Rental, Hiring and Real Estate Services1,411.64.04.61,319.63.74.5+92.0
Professional, Scientific and Technical Services1,289.93.65.71,205.83.45.5+84.1
Administrative and Support Services1,463.34.12.81,058.43.02.6+404.9
Public Administration and Safety2,101.25.94.61,607.24.53.9+494.0
Education and Training1,274.13.63.51,225.53.53.6+48.6
Health Care and Social Assistance2,584.57.36.41,965.15.65.1+619.5
Arts and Recreation Services291.20.81.0362.21.00.9-71.1
Other Services1,047.92.92.3836.72.42.1+211.2
Total industries35,596.2100.0100.035,373.4100.0100.0+222.8

Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©2023. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2020/21 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

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 output by industry sectors in the FNQROC in 2022/23 shows the three largest industries were:

  • Transport, Postal and Warehousing ($4,627 million or 13.0%)
  • Agriculture, Forestry and Fishing ($4,083 million or 11.5%)
  • Construction ($4,051 million or 11.4%)

In combination these three industries accounted for $12,761 million in total or 35.8% of the total output by total industry in the the FNQROC.

In comparison, the same 3 industries in Queensland accounted for 7.9% in Transport, Postal and Warehousing; 4.0% in Agriculture, Forestry and Fishing and 13.3% in Construction.

The major differences between output by industries of the FNQROC and Queensland were:

  • A larger percentage of output by Agriculture, Forestry and Fishing (11.5% compared to 4.0%)
  • A smaller percentage of output by Mining (6.4% compared to 13.6%)
  • A larger percentage of output by Transport, Postal and Warehousing (13.0% compared to 7.9%)
  • A smaller percentage of output by Financial and Insurance Services (1.9% compared to 4.6%)

Emerging groups

The total industry output in the FNQROC increased by $223 million between 2016/17 and 2022/23.

The largest changes in the output by industries between 2016/17 and 2022/23 in the FNQROC were for:

  • Transport, Postal and Warehousing (+$1,792 million)
  • Agriculture, Forestry and Fishing (+$787 million)
  • Health Care and Social Assistance (+$619 million)
  • Public Administration and Safety (+$494 million)

Far North Queensland Regional Organisation of Councils

economic profile