Output by industry is a gross measure of the total sales of each industry sector in Hume 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 Hume 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.
Data source
National Economics (NIEIR) - Modelled series
Current benchmark:
Comparison year:
| Output by industry sector | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Hume City | 2022/23 | 2017/18 | Change | ||||||
| Industry | $m | % | Victoria | $m | % | Victoria | 2017/18 - 2022/23 | ||
| Agriculture, Forestry and Fishing | 221.3 | 0.5 | 2.8 | 164.0 | 0.4 | 2.7 | +57.3 | ||
| Mining | 44.7 | 0.1 | 1.1 | 52.2 | 0.1 | 1.5 | -7.5 | ||
| Manufacturing | 10,319.6 | 22.3 | 12.1 | 8,457.2 | 22.5 | 14.1 | +1,862.4 | ||
| Electricity, Gas, Water and Waste Services | 1,215.3 | 2.6 | 3.2 | 1,152.5 | 3.1 | 3.6 | +62.8 | ||
| Construction | 7,694.2 | 16.6 | 14.5 | 5,031.0 | 13.4 | 14.7 | +2,663.3 | ||
| Wholesale Trade | 2,313.7 | 5.0 | 4.7 | 1,948.1 | 5.2 | 5.2 | +365.6 | ||
| Retail Trade | 1,520.6 | 3.3 | 4.7 | 1,057.5 | 2.8 | 4.4 | +463.1 | ||
| Accommodation and Food Services | 670.2 | 1.4 | 2.9 | 564.2 | 1.5 | 2.5 | +106.0 | ||
| Transport, Postal and Warehousing | 13,547.7 | 29.3 | 7.5 | 12,743.3 | 34.0 | 6.5 | +804.4 | ||
| Information Media and Telecommunications | 644.6 | 1.4 | 3.7 | 333.4 | 0.9 | 3.2 | +311.3 | ||
| Financial and Insurance Services | 510.5 | 1.1 | 7.9 | 428.0 | 1.1 | 7.9 | +82.5 | ||
| Rental, Hiring and Real Estate Services | 1,034.2 | 2.2 | 4.4 | 815.0 | 2.2 | 4.7 | +219.1 | ||
| Professional, Scientific and Technical Services | 803.3 | 1.7 | 8.7 | 580.2 | 1.5 | 8.3 | +223.1 | ||
| Administrative and Support Services | 1,024.2 | 2.2 | 3.3 | 889.0 | 2.4 | 3.3 | +135.2 | ||
| Public Administration and Safety | 1,372.4 | 3.0 | 4.3 | 981.9 | 2.6 | 3.8 | +390.5 | ||
| Education and Training | 1,002.5 | 2.2 | 3.8 | 754.6 | 2.0 | 4.0 | +248.0 | ||
| Health Care and Social Assistance | 1,173.2 | 2.5 | 6.7 | 787.3 | 2.1 | 5.8 | +385.9 | ||
| Arts and Recreation Services | 384.3 | 0.8 | 1.8 | 181.3 | 0.5 | 1.7 | +203.0 | ||
| Other Services | 743.0 | 1.6 | 2.1 | 598.4 | 1.6 | 2.0 | +144.5 | ||
| Total industries | 46,239.4 | 100.0 | 100.0 | 37,519.0 | 100.0 | 100.0 | +8,720.4 | ||
Source: National Institute of Economic and Industry Research (NIEIR) ©2024. 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 | |||||||||
Dominant groups
An analysis of the output by industry sectors in Hume City in 2022/23 shows the three largest industries were:
- Transport, Postal and Warehousing ($13,548 million or 29.3%)
- Manufacturing ($10,320 million or 22.3%)
- Construction ($7,694 million or 16.6%)
In combination these three industries accounted for $31,561 million in total or 68.3% of the total output by total industry in the Hume City.
In comparison, the same 3 industries in Victoria accounted for 7.5% in Transport, Postal and Warehousing; 12.1% in Manufacturing and 14.5% in Construction.
The major differences between output by industries of Hume City and Victoria were:
- A larger percentage of output by Transport, Postal and Warehousing (29.3% compared to 7.5%)
- A larger percentage of output by Manufacturing (22.3% compared to 12.1%)
- A smaller percentage of output by Professional, Scientific and Technical Services (1.7% compared to 8.7%)
- A smaller percentage of output by Financial and Insurance Services (1.1% compared to 7.9%)
Emerging groups
The total industry output in Hume City increased by $8,720 million between 2017/18 and 2022/23.
The largest changes in the output by industries between 2017/18 and 2022/23 in Hume City were for:
- Construction (+$2,663 million)
- Manufacturing (+$1,862 million)
- Transport, Postal and Warehousing (+$804 million)
- Retail Trade (+$463 million)