Far North Queensland Regional Organisation of Councils

economic profile

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Value added

In the FNQROC, Health Care and Social Assistance most productive industry, generating $1,741 million in 2021/22.

Value added by industry is an indicator of business productivity in the FNQROC. 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 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 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:
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
Industry$m%. Queensland$m%. Queensland2016/17 - 2021/22
Agriculture, Forestry and Fishing1,635.611.84.11,394.810.43.7+240.8
Electricity, Gas, Water and Waste Services525.63.83.4516.73.83.6+8.9
Wholesale Trade405.22.93.9367.22.74.0+38.0
Retail Trade885.56.45.6796.75.95.5+88.8
Accommodation and Food Services566.54.12.8668.35.03.0-101.8
Transport, Postal and Warehousing862.96.26.21,
Information Media and Telecommunications154.41.11.6134.71.01.4+19.7
Financial and Insurance Services446.33.26.5552.64.16.7-106.3
Rental, Hiring and Real Estate Services362.12.63.5370.72.83.4-8.6
Professional, Scientific and Technical Services749.85.47.9680.55.17.0+69.2
Administrative and Support Services557.64.04.0588.94.43.7-31.4
Public Administration and Safety1,,
Education and Training933.56.76.0914.46.86.3+19.2
Health Care and Social Assistance1,740.812.510.21,336.29.98.4+404.6
Arts and Recreation Services120.30.91.0133.51.00.8-13.2
Other Services385.82.82.4366.22.72.4+19.6
Total industries13,889.2100.0100.013,471.7100.0100.0+417.5

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. Compiled and presented in economy.id by .id (informed decisions). 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 FNQROC in 2021/22 shows the three largest industries were:

  • Health Care and Social Assistance (1,741 million or 12.5%)
  • Agriculture, Forestry and Fishing (1,636 million or 11.8%)
  • Construction (1,269 million or 9.1%)

In combination these three industries accounted for 4,645 million in total or 33.4% of the total value added by industry in the the FNQROC.

In comparison, the same 3 industries in Queensland accounted for 10.2% in Health Care and Social Assistance; 4.1% in Agriculture, Forestry and Fishing and 9.0% in Construction.

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

  • A larger percentage of value added by Agriculture, Forestry and Fishing (11.8% compared to 4.1%)
  • A smaller percentage of value added by Mining (3.4% compared to 8.5%)
  • A smaller percentage of value added by Financial and Insurance Services (3.2% compared to 6.5%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (5.4% compared to 7.9%)

Emerging groups

The total value added by industry in the FNQROC $increased by 417 million between 2016/17 and 2021/22.

The largest changes in the value added by industries between 2016/17 and 2021/22 in the FNQROC were for:

  • Health Care and Social Assistance (+$405 million)
  • Construction (+$249 million)
  • Agriculture, Forestry and Fishing (+$241 million)
  • Retail Trade (+$89 million)

Far North Queensland Regional Organisation of Councils

economic profile