Hobsons Bay City

Worker productivity

In Hobsons Bay City, Financial and Insurance Services had the highest productivity by industry, generating $275,176 per worker in 2021/22.

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

Data source

National Economics (NIEIR) - Modelled series

Current benchmark:
Comparison year:
Productivity measure:
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Productivity per worker (annual) by industry
Hobsons Bay City - Constant prices2021/222016/17Change
Industry$Victoria$$Victoria$ 2016/17 - 2021/22
Agriculture, Forestry and Fishing175,371169,794146,095118,691+29,276
Electricity, Gas, Water and Waste Services274,083294,014297,177315,367-23,093
Wholesale Trade210,325215,887224,069222,988-13,744
Retail Trade82,28776,77568,97367,014+13,314
Accommodation and Food Services43,44541,14638,62240,393+4,824
Transport, Postal and Warehousing148,788124,021143,812139,678+4,976
Information Media and Telecommunications211,131220,367166,414170,751+44,718
Financial and Insurance Services275,176310,167347,883343,239-72,707
Rental, Hiring and Real Estate Services217,868253,740219,031261,005-1,163
Professional, Scientific and Technical Services126,986124,782120,301124,392+6,685
Administrative and Support Services168,685177,180151,164146,358+17,520
Public Administration and Safety131,832124,607155,688127,934-23,857
Education and Training71,51287,90271,30488,475+208
Health Care and Social Assistance87,89487,38374,81977,889+13,075
Arts and Recreation Services74,18982,33359,03576,063+15,153
Other Services62,53960,93064,04164,522-1,503
Total worker productivity121,625123,301120,292119,238+1,333

Source: National Institute of Economic and Industry Research (NIEIR) ©2022. ©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 jobs held by the full-time equivalent local workers in Hobsons Bay City in 2021/22 shows the three highest industries were:

  • Financial and Insurance Services ($275,176)
  • Electricity, Gas, Water and Waste Services ($274,083)
  • Rental, Hiring and Real Estate Services ($217,868)

In comparison, the same 3 industries in Victoria were for $310,167 in Financial and Insurance Services; $294,014 in Electricity, Gas, Water and Waste Services and $253,740 in Rental, Hiring and Real Estate Services.

The major differences between the jobs held by the full-time equivalent local workers of Hobsons Bay City and Victoria were:

  • A lower worker productivity in Financial and Insurance Services ($275,176 compared to $310,167)
  • A higher worker productivity in Manufacturing ($161,930 compared to $126,123)
  • A lower worker productivity in Rental, Hiring and Real Estate Services ($217,868 compared to $253,740)
  • A lower worker productivity in Mining ($162,331 compared to $301,188)

Emerging groups

The total worker productivity by industry in Hobsons Bay City increased by $1,333 between 2016/17 and 2021/22.

The largest changes in worker productivity by industries between 2016/17 and 2021/22 in Hobsons Bay City were for those employed in:

  • Financial and Insurance Services (-$72,707)
  • Information Media and Telecommunications (+$44,718)
  • Agriculture, Forestry and Fishing (+$29,276)
  • Public Administration and Safety (-$23,857)

Hobsons Bay City

economic profile