City of LauncestonEconomic profile
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City of Launceston

Value added

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

In the City of Launceston, Health Care and Social Assistance is the most productive industry, generating $784 million in 2016/17.

Value added by industry is an indicator of business productivity in City of Launceston. 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 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 see what contribution each industry makes to the state or region, see the Industry sector analysis section. 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.

National Economics (NIEIR) - Modelled series

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Value added by industry sector
City of Launceston - Constant prices2016/172011/12Change
Industry
(Click rows to view sub-categories)
$m%Northern Tasmania%$m%Northern Tasmania%2011/12 to 2016/17
Agriculture, Forestry and Fishing136.53.412.893.32.512.1+43.2
Mining67.81.73.649.41.33.6+18.4
Manufacturing204.05.17.6293.17.89.9-89.1
Electricity, Gas, Water and Waste Services105.52.72.7145.53.93.2-40.0
Construction203.75.16.0163.34.35.6+40.5
Wholesale Trade193.84.95.1180.44.84.3+13.4
Retail Trade290.77.36.1267.87.16.1+22.8
Accommodation and Food Services113.72.92.7127.43.43.3-13.8
Transport, Postal and Warehousing159.24.04.7174.34.65.2-15.0
Information Media and Telecommunications182.04.63.4162.04.32.9+20.0
Financial and Insurance Services543.913.79.0522.113.89.3+21.9
Rental, Hiring and Real Estate Services89.42.31.863.21.71.5+26.2
Professional, Scientific and Technical Services127.23.22.4118.33.12.4+8.9
Administrative and Support Services67.41.71.695.12.52.1-27.7
Public Administration and Safety221.85.64.7221.65.95.0+0.1
Education and Training361.99.17.2360.99.67.7+1.0
Health Care and Social Assistance784.319.815.9628.616.712.9+155.7
Arts and Recreation Services28.90.71.023.10.60.9+5.8
Other Services86.42.21.881.82.21.8+4.5

The Northern Tasmania region includes the following 8 LGAs; Break O'Day (M), Dorset (M), Flinders (M), George Town (M), Launceston (C), Meander Valley (M), Northern Midlands (M) & West Tamar (M).

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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

Value added by industry sector 2016/17
Value added by industry sector 2016/17 Agriculture, Forestry and Fishing, Northern Tasmania: 12.8% Mining, Northern Tasmania: 3.6% Manufacturing, Northern Tasmania: 7.6% Electricity, Gas, Water and Waste Services, Northern Tasmania: 2.7% Construction, Northern Tasmania: 6.0% Wholesale Trade, Northern Tasmania: 5.1% Retail Trade, Northern Tasmania: 6.1% Accommodation and Food Services, Northern Tasmania: 2.7% Transport, Postal and Warehousing, Northern Tasmania: 4.7% Information Media and Telecommunications, Northern Tasmania: 3.4% Financial and Insurance Services, Northern Tasmania: 9.0% Rental, Hiring and Real Estate Services, Northern Tasmania: 1.8% Professional, Scientific and Technical Services, Northern Tasmania: 2.4% Administrative and Support Services, Northern Tasmania: 1.6% Public Administration and Safety, Northern Tasmania: 4.7% Education and Training, Northern Tasmania: 7.2% Health Care and Social Assistance, Northern Tasmania: 15.9% Arts and Recreation Services, Northern Tasmania: 1.0% Other Services, Northern Tasmania: 1.8% Agriculture, Forestry and Fishing, City of Launceston: 3.4% Mining, City of Launceston: 1.7% Manufacturing, City of Launceston: 5.1% Electricity, Gas, Water and Waste Services, City of Launceston: 2.7% Construction, City of Launceston: 5.1% Wholesale Trade, City of Launceston: 4.9% Retail Trade, City of Launceston: 7.3% Accommodation and Food Services, City of Launceston: 2.9% Transport, Postal and Warehousing, City of Launceston: 4.0% Information Media and Telecommunications, City of Launceston: 4.6% Financial and Insurance Services, City of Launceston: 13.7% Rental, Hiring and Real Estate Services, City of Launceston: 2.3% Professional, Scientific and Technical Services, City of Launceston: 3.2% Administrative and Support Services, City of Launceston: 1.7% Public Administration and Safety, City of Launceston: 5.6% Education and Training, City of Launceston: 9.1% Health Care and Social Assistance, City of Launceston: 19.8% Arts and Recreation Services, City of Launceston: 0.7% Other Services, City of Launceston: 2.2%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in City of Launceston in 2016/17 shows the three largest industries were:

  • Health Care and Social Assistance ($784 million or 19.8%)
  • Financial and Insurance Services ($544 million or 13.7%)
  • Education and Training ($362 million or 9.1%)

In combination these three industries accounted for $1,690 million in total or 42.6% of the total value added by industry in the City of Launceston.

In comparison, the same 3 industries in Northern Tasmania accounted for 15.9% in Health Care and Social Assistance; 9.0% in Financial and Insurance Services; and 7.2% in Education and Training.

The major differences between the value added by industries of the City of Launceston and Northern Tasmania were:

  • A larger percentage of value added by Financial and Insurance Services (13.7% compared to 9.0%)
  • A larger percentage of value added by Health Care and Social Assistance (19.8% compared to 15.9%)
  • A smaller percentage of value added by Agriculture, Forestry and Fishing (3.4% compared to 12.8%)
  • A smaller percentage of value added by Manufacturing (5.1% compared to 7.6%)

Change in value added by industry sector, 2011/12 to 2016/17
Change in value added by industry sector, 2011/12 to 2016/17 Agriculture, Forestry and Fishing, City of Launceston: +$43.2 million Mining, City of Launceston: +$18.4 million Manufacturing, City of Launceston: -$89.1 million Electricity, Gas, Water and Waste Services, City of Launceston: -$40.0 million Construction, City of Launceston: +$40.5 million Wholesale Trade, City of Launceston: +$13.4 million Retail Trade, City of Launceston: +$22.8 million Accommodation and Food Services, City of Launceston: -$13.8 million Transport, Postal and Warehousing, City of Launceston: -$15.0 million Information Media and Telecommunications, City of Launceston: +$20.0 million Financial and Insurance Services, City of Launceston: +$21.9 million Rental, Hiring and Real Estate Services, City of Launceston: +$26.2 million Professional, Scientific and Technical Services, City of Launceston: +$8.9 million Administrative and Support Services, City of Launceston: -$27.7 million Public Administration and Safety, City of Launceston: +$0.1 million Education and Training, City of Launceston: +$1.0 million Health Care and Social Assistance, City of Launceston: +$155.7 million Arts and Recreation Services, City of Launceston: +$5.8 million Other Services, City of Launceston: +$4.5 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the City of Launceston increased by 197.0 million between 2011/12 and 2016/17.

The largest changes in the value added by industries between 2011/12 and 2016/17 in the City of Launceston were for:

  • Health Care and Social Assistance (+$156 million)
  • Manufacturing (-$89 million)

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