Output by industry is a gross measure of the total sales of each industry sector in the City of Launceston. 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 the City of Launceston’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.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|City of Launceston||2020/21||2015/16||Change|
|Industry||$m||%||Tasmania||$m||%||Tasmania||2015/16 - 2020/21|
|Agriculture, Forestry and Fishing||236.5||2.8||10.8||198.8||2.6||7.7||+37.6|
|Electricity, Gas, Water and Waste Services||303.0||3.5||4.2||280.1||3.7||4.6||+22.9|
|Accommodation and Food Services||244.1||2.8||2.6||250.0||3.3||3.2||-5.8|
|Transport, Postal and Warehousing||434.3||5.1||5.3||371.4||4.9||5.4||+62.9|
|Information Media and Telecommunications||449.1||5.2||3.8||295.3||3.9||3.3||+153.8|
|Financial and Insurance Services||856.9||10.0||5.1||758.8||10.0||5.3||+98.1|
|Rental, Hiring and Real Estate Services||212.4||2.5||1.7||182.6||2.4||2.0||+29.8|
|Professional, Scientific and Technical Services||363.9||4.2||3.5||285.3||3.8||3.4||+78.6|
|Administrative and Support Services||159.5||1.9||1.7||135.3||1.8||1.7||+24.2|
|Public Administration and Safety||482.5||5.6||6.5||389.8||5.1||6.3||+92.7|
|Education and Training||566.5||6.6||5.0||580.1||7.7||5.7||-13.6|
|Health Care and Social Assistance||1,426.4||16.6||11.2||1,097.6||14.5||10.2||+328.8|
|Arts and Recreation Services||68.7||0.8||1.5||78.0||1.0||1.6||-9.3|
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2018-19 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 morePlease refer to specific data notes for more information
An analysis of the output by industry sectors in the City of Launceston in 2020/21 shows the three largest industries were:
- Health Care and Social Assistance ($1,426 million or 16.6%)
- Construction ($882 million or 10.3%)
- Financial and Insurance Services ($857 million or 10.0%)
In combination these three industries accounted for $3,166 million in total or 36.8% of the total output by total industry in the the City of Launceston.
In comparison, the same 3 industries in Tasmania accounted for 11.2% in Health Care and Social Assistance; 12.9% in Construction and 5.1% in Financial and Insurance Services.
The major differences between output by industries of the City of Launceston and Tasmania were:
- A smaller percentage of output by Agriculture, Forestry and Fishing (2.8% compared to 10.8%)
- A larger percentage of output by Health Care and Social Assistance (16.6% compared to 11.2%)
- A larger percentage of output by Financial and Insurance Services (10.0% compared to 5.1%)
- A smaller percentage of output by Mining (0.2% compared to 3.2%)
The total industry output in the City of Launceston increased by $1,025 million between 2015/16 and 2020/21.
The largest changes in the output by industries between 2015/16 and 2020/21 in the City of Launceston were for:
- Health Care and Social Assistance (+$329 million)
- Information Media and Telecommunications (+$154 million)
- Construction (+$127 million)
- Other Services (+$108 million)