Output by industry is a gross measure of the total sales of each industry sector in Hobsons Bay City. 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 Hobsons Bay City’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.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|Hobsons Bay City||2020/21||2015/16||Change|
|Industry||$m||%||Victoria||$m||%||Victoria||2015/16 - 2020/21|
|Agriculture, Forestry and Fishing||102.3||0.8||2.9||42.4||0.3||2.7||+59.9|
|Electricity, Gas, Water and Waste Services||189.9||1.5||3.5||270.3||2.2||3.8||-80.4|
|Accommodation and Food Services||188.4||1.5||2.2||212.8||1.7||2.5||-24.3|
|Transport, Postal and Warehousing||1,765.5||13.7||5.2||1,815.7||14.6||5.8||-50.2|
|Information Media and Telecommunications||121.4||0.9||3.9||75.4||0.6||3.1||+46.0|
|Financial and Insurance Services||302.0||2.3||9.2||268.4||2.2||8.5||+33.7|
|Rental, Hiring and Real Estate Services||521.8||4.0||7.6||676.2||5.4||8.5||-154.4|
|Professional, Scientific and Technical Services||367.7||2.9||8.4||359.2||2.9||7.8||+8.5|
|Administrative and Support Services||280.8||2.2||3.2||288.1||2.3||3.3||-7.3|
|Public Administration and Safety||475.5||3.7||4.7||431.1||3.5||4.1||+44.4|
|Education and Training||228.9||1.8||4.3||254.5||2.0||4.1||-25.6|
|Health Care and Social Assistance||407.4||3.2||6.5||370.3||3.0||5.7||+37.1|
|Arts and Recreation Services||167.1||1.3||1.7||144.1||1.2||1.8||+23.0|
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2019/20 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 morePlease refer to specific data notes for more information
An analysis of the output by industry sectors in Hobsons Bay City in 2020/21 shows the three largest industries were:
- Manufacturing ($4,200 million or 32.6%)
- Transport, Postal and Warehousing ($1,766 million or 13.7%)
- Construction ($1,759 million or 13.6%)
In combination these three industries accounted for $7,725 million in total or 59.9% of the total output by total industry in the Hobsons Bay City.
In comparison, the same 3 industries in Victoria accounted for 11.6% in Manufacturing; 5.2% in Transport, Postal and Warehousing and 13.5% in Construction.
The major differences between output by industries of Hobsons Bay City and Victoria were:
- A larger percentage of output by Manufacturing (32.6% compared to 11.6%)
- A larger percentage of output by Transport, Postal and Warehousing (13.7% compared to 5.2%)
- A smaller percentage of output by Financial and Insurance Services (2.3% compared to 9.2%)
- A smaller percentage of output by Professional, Scientific and Technical Services (2.9% compared to 8.4%)
The total industry output in Hobsons Bay City increased by $438 million between 2015/16 and 2020/21.
The largest changes in the output by industries between 2015/16 and 2020/21 in Hobsons Bay City were for:
- Wholesale Trade (+$497 million)
- Construction (+$315 million)
- Agriculture, Forestry and Fishing (+$60 million)
- Information Media and Telecommunications (+$46 million)