Hobsons Bay City

Value added

In Hobsons Bay City, Manufacturing most productive industry, generating $1,172 million in 2020/21.

Value added by industry is an indicator of business productivity in Hobsons Bay City. 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 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 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
Hobsons Bay City2020/212015/16Change
Industry$m%. Victoria$m%. Victoria2015/16 - 2020/21
Agriculture, Forestry and Fishing37.70.72.618.40.42.9+19.3
Mining17.00.31.214.10.31.5+2.9
Manufacturing1,171.822.87.81,313.225.89.1-141.5
Electricity, Gas, Water and Waste Services86.61.73.2125.02.53.5-38.4
Construction531.410.39.1531.210.49.0+0.2
Wholesale Trade658.312.86.0370.67.35.9+287.7
Retail Trade209.14.15.7238.14.75.8-28.9
Accommodation and Food Services74.31.42.088.51.72.3-14.2
Transport, Postal and Warehousing793.615.45.1873.717.26.0-80.1
Information Media and Telecommunications47.30.93.434.50.73.0+12.8
Financial and Insurance Services178.73.511.3169.63.311.1+9.1
Rental, Hiring and Real Estate Services89.91.73.1110.62.23.3-20.7
Professional, Scientific and Technical Services188.53.79.8174.03.48.5+14.4
Administrative and Support Services164.93.24.2163.63.24.1+1.3
Public Administration and Safety276.45.46.3265.35.25.6+11.1
Education and Training174.83.46.5185.23.66.4-10.4
Health Care and Social Assistance285.95.69.8259.75.18.5+26.2
Arts and Recreation Services55.81.11.250.41.01.3+5.4
Other Services98.71.91.8105.72.12.1-7.0
Total industries5,140.6100.0100.05,091.5100.0100.0+49.1

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. 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
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Dominant groups

An analysis of the valued added by industry sectors in Hobsons Bay City in 2020/21 shows the three largest industries were:

  • Manufacturing (1,172 million or 22.8%)
  • Transport, Postal and Warehousing (794 million or 15.4%)
  • Wholesale Trade (658 million or 12.8%)

In combination these three industries accounted for 2,624 million in total or 51.0% of the total value added by industry in the Hobsons Bay City.

In comparison, the same 3 industries in Victoria accounted for 7.8% in Manufacturing; 5.1% in Transport, Postal and Warehousing and 6.0% in Wholesale Trade.

The major differences between the value added by industries of Hobsons Bay City and Victoria were:

  • A larger percentage of value added by Manufacturing (22.8% compared to 7.8%)
  • A larger percentage of value added by Transport, Postal and Warehousing (15.4% compared to 5.1%)
  • A smaller percentage of value added by Financial and Insurance Services (3.5% compared to 11.3%)
  • A larger percentage of value added by Wholesale Trade (12.8% compared to 6.0%)

Emerging groups

The total value added by industry in Hobsons Bay City $increased by 49 million between 2015/16 and 2020/21.

The largest changes in the value added by industries between 2015/16 and 2020/21 in Hobsons Bay City were for:

  • Wholesale Trade (+$288 million)
  • Health Care and Social Assistance (+$26 million)
  • Agriculture, Forestry and Fishing (+$19 million)
  • Professional, Scientific and Technical Services (+$14 million)

Hobsons Bay City

economic profile