City of Launceston
In the City of Launceston, Health Care and Social Assistance had the largest output by industry, generating $1,115 million in 2017/18.
Output by industry is a gross measure of the total sales of each industry sector in City of Launceston. It does not measure how productive each industry sector is at producing this output - which is measured by value added.
By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of City of Launceston’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.
Detailed data notes about how the figures are derived can be found in the specific topic notes section.
The gross measure of output includes the value of all the inputs to each industry.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|City of Launceston - Constant prices||2017/18||2003/04||Change|
|Industry (Click rows to view sub-categories)||$m||%||Greater Hobart%||$m||%||Greater Hobart%||2003/04 to 2017/18|
|Agriculture, Forestry and Fishing||190.9||2.7||2.6||140.8||2.2||1.5||+50.1||23000||P|
|Electricity, Gas, Water and Waste Services||217.4||3.0||6.1||281.7||4.3||8.6||-64.3||23300||P|
|Accommodation and Food Services||238.1||3.3||3.4||236.8||3.7||3.6||+1.3||23700||P|
|Transport, Postal and Warehousing||328.4||4.6||4.4||435.8||6.7||6.0||-107.4||23800||P|
|Information Media and Telecommunications||304.4||4.3||5.1||277.2||4.3||4.2||+27.3||23900||P|
|Financial and Insurance Services||862.1||12.1||8.8||645.4||10.0||6.0||+216.7||24000||P|
|Rental, Hiring and Real Estate Services||207.0||2.9||2.5||165.1||2.6||2.7||+41.9||24100||P|
|Professional, Scientific and Technical Services||281.6||3.9||4.9||224.9||3.5||4.0||+56.6||24200||P|
|Administrative and Support Services||122.4||1.7||2.0||165.0||2.5||1.8||-42.6||24300||P|
|Public Administration and Safety||373.8||5.2||9.6||409.8||6.3||11.6||-36.0||24400||P|
|Education and Training||502.1||7.0||6.2||447.6||6.9||5.9||+54.5||24500||P|
|Health Care and Social Assistance||1,115.3||15.6||10.8||524.4||8.1||6.5||+590.9||24600||P|
|Arts and Recreation Services||85.5||1.2||2.3||48.4||0.7||1.6||+37.1||24700||P|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2018. Compiled and presented in economy.id by .id (opens a new window), the population experts.
Data are based on a 2016-17 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
An analysis of the output by industry sectors in City of Launceston in 2017/18 shows the three largest industries were:
- Health Care and Social Assistance (1,115 million or 15.6%)
- Financial and Insurance Services (862 million or 12.1%)
- Manufacturing (632 million or 8.8%)
In combination these three industries accounted for $2,609 million in total or 36.5% of the total output by total industry in the City of Launceston.
In comparison, the same 3 industries in Greater Hobart accounted for 10.8% in Health Care and Social Assistance; 8.8% in Financial and Insurance Services; and 9.4% in Manufacturing.
The major differences between output by industries in the City of Launceston and Greater Hobart were:
- A larger percentage of output by Health Care and Social Assistance (15.6% compared to 10.8%)
- A larger percentage of output by Financial and Insurance Services (12.1% compared to 8.8%)
- A smaller percentage of output by Public Administration and Safety (5.2% compared to 9.6%)
- A smaller percentage of output by Electricity, Gas, Water and Waste Services (3.0% compared to 6.1%)
The total industry output in the City of Launceston increased by $673.1 million between 2003/04 and 2017/18.
The largest changes in the output by industries between 2003/04 and 2017/18 in the City of Launceston were for:
- Health Care and Social Assistance (+$591 million)
- Manufacturing (-$286 million)
- Financial and Insurance Services (+$217 million)
- Retail Trade (+$153 million)