City of Knox

Value added

In the City of Knox, Wholesale Trade most productive industry, generating $1,605 million in 2020/21.

Value added by industry is an indicator of business productivity in the City of Knox. 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 City of Knox’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
City of Knox2020/212015/16Change
Industry$m%. Victoria$m%. Victoria2015/16 - 2020/21
Agriculture, Forestry and Fishing42.20.52.617.50.22.9+24.7
Mining10.60.11.213.30.21.5-2.7
Manufacturing1,550.119.87.81,585.720.49.1-35.6
Electricity, Gas, Water and Waste Services140.41.83.2141.31.83.5-0.9
Construction422.55.49.1526.86.89.0-104.3
Wholesale Trade1,605.020.56.01,478.419.05.9+126.6
Retail Trade504.96.55.7571.87.45.8-66.9
Accommodation and Food Services133.31.72.0153.02.02.3-19.7
Transport, Postal and Warehousing272.93.55.1326.14.26.0-53.3
Information Media and Telecommunications101.61.33.4117.71.53.0-16.0
Financial and Insurance Services546.37.011.3499.46.411.1+46.9
Rental, Hiring and Real Estate Services161.12.13.1192.12.53.3-31.0
Professional, Scientific and Technical Services444.05.79.8411.25.38.5+32.8
Administrative and Support Services240.13.14.2250.03.24.1-9.9
Public Administration and Safety262.93.46.3244.23.15.6+18.8
Education and Training286.13.76.5296.13.86.4-10.0
Health Care and Social Assistance802.710.39.8666.28.68.5+136.5
Arts and Recreation Services63.90.81.265.30.81.3-1.4
Other Services219.62.81.8223.52.92.1-4.0
Total industries7,810.2100.0100.07,779.7100.0100.0+30.4

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
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 City of Knox in 2020/21 shows the three largest industries were:

  • Wholesale Trade (1,605 million or 20.5%)
  • Manufacturing (1,550 million or 19.8%)
  • Health Care and Social Assistance (803 million or 10.3%)

In combination these three industries accounted for 3,958 million in total or 50.7% of the total value added by industry in the the City of Knox.

In comparison, the same 3 industries in Victoria accounted for 6.0% in Wholesale Trade; 7.8% in Manufacturing and 9.8% in Health Care and Social Assistance.

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

  • A larger percentage of value added by Wholesale Trade (20.5% compared to 6.0%)
  • A larger percentage of value added by Manufacturing (19.8% compared to 7.8%)
  • A smaller percentage of value added by Financial and Insurance Services (7.0% compared to 11.3%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (5.7% compared to 9.8%)

Emerging groups

The total value added by industry in the City of Knox $increased by 30 million between 2015/16 and 2020/21.

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

  • Health Care and Social Assistance (+$136 million)
  • Wholesale Trade (+$127 million)
  • Financial and Insurance Services (+$47 million)
  • Professional, Scientific and Technical Services (+$33 million)

City of Knox

economic profile