Local sales by industry measures the output of local industries that is sold locally. This includes sales to local consumers, businesses and other organisations.
To get the full picture how each industry sector contributes to the regional or state economy, local sales data should be viewed alongside the other industry characteristics in the Industry sector analysis 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
Current benchmark:
Comparison year:
| Local sales by industry sector | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| City of Launceston - Constant prices | 2022/23 | 2017/18 | Change | ||||||
| Industry | $m | % | Tasmania | $m | % | Tasmania | 2017/18 - 2022/23 | ||
| Agriculture, Forestry and Fishing | 117.6 | 1.8 | 3.6 | 114.5 | 2.2 | 4.3 | +3.0 | ||
| Mining | 13.5 | 0.2 | 1.0 | 15.8 | 0.3 | 2.3 | -2.3 | ||
| Manufacturing | 418.5 | 6.6 | 6.2 | 456.8 | 8.7 | 7.7 | -38.4 | ||
| Electricity, Gas, Water and Waste Services | 264.7 | 4.2 | 4.3 | 234.9 | 4.5 | 4.5 | +29.8 | ||
| Construction | 1,174.6 | 18.4 | 25.3 | 803.0 | 15.3 | 22.9 | +371.7 | ||
| Wholesale Trade | 250.2 | 3.9 | 2.8 | 261.1 | 5.0 | 3.7 | -10.9 | ||
| Retail Trade | 308.6 | 4.8 | 5.0 | 310.9 | 5.9 | 5.8 | -2.3 | ||
| Accommodation and Food Services | 239.8 | 3.8 | 3.6 | 217.5 | 4.1 | 3.6 | +22.3 | ||
| Transport, Postal and Warehousing | 454.8 | 7.1 | 6.4 | 338.0 | 6.4 | 5.4 | +116.8 | ||
| Information Media and Telecommunications | 274.2 | 4.3 | 3.1 | 211.0 | 4.0 | 2.7 | +63.2 | ||
| Financial and Insurance Services | 545.8 | 8.6 | 5.4 | 449.2 | 8.6 | 5.5 | +96.5 | ||
| Rental, Hiring and Real Estate Services | 162.2 | 2.5 | 2.0 | 124.2 | 2.4 | 2.1 | +38.0 | ||
| Professional, Scientific and Technical Services | 321.2 | 5.0 | 5.5 | 300.9 | 5.7 | 5.4 | +20.3 | ||
| Administrative and Support Services | 203.3 | 3.2 | 3.0 | 148.0 | 2.8 | 2.8 | +55.3 | ||
| Public Administration and Safety | 371.6 | 5.8 | 5.2 | 277.7 | 5.3 | 4.8 | +93.9 | ||
| Education and Training | 302.9 | 4.8 | 4.6 | 242.9 | 4.6 | 4.2 | +60.0 | ||
| Health Care and Social Assistance | 677.5 | 10.6 | 9.3 | 513.6 | 9.8 | 8.5 | +163.9 | ||
| Arts and Recreation Services | 74.8 | 1.2 | 1.1 | 58.5 | 1.1 | 1.1 | +16.4 | ||
| Other Services | 190.9 | 3.0 | 2.7 | 175.0 | 3.3 | 2.7 | +15.8 | ||
| Total industries | 6,366.7 | 100.0 | 100.0 | 5,253.6 | 100.0 | 100.0 | +1,113.1 | ||
Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©2023. Compiled and presented in economy.id by .id (informed decisions) NIEIR-ID data are adjusted each year, using updated employment estimates. .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 | |||||||||
Dominant groups
An analysis of the local sales by industry sectors in the City of Launceston in 2022/23 shows the three largest industries were:
- Construction ($1,175million or 18.4%)
- Health Care and Social Assistance ($677million or 10.6%)
- Financial and Insurance Services ($546million or 8.6%)
In combination these three industries accounted for $2,398 million in total or 37.7% of the total local sales by total industry in the the City of Launceston.
In comparison, the same 3 industries in Tasmania accounted for 25.3% in Construction; 9.3% in Health Care and Social Assistance and 5.4% in Financial and Insurance Services.
The major differences between local sales by industries of the City of Launceston and Tasmania were:
- A smaller percentage of local sales by Construction (18.4% compared to 25.3%)
- A larger percentage of local sales by Financial and Insurance Services (8.6% compared to 5.4%)
- A smaller percentage of local sales by Agriculture, Forestry and Fishing (1.8% compared to 3.6%)
- A larger percentage of local sales by Health Care and Social Assistance (10.6% compared to 9.3%)
Emerging groups
The total local sales by industry in the City of Launceston $increased by 1,113 million between 2017/18 and 2022/23.
The largest changes in the local sales by industries between 2017/18 and 2022/23 in the City of Launceston were for:
- Construction (+$372 million)
- Health Care and Social Assistance (+$164 million)
- Transport, Postal and Warehousing (+$117 million)
- Financial and Insurance Services (+$97 million)