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City of Launceston

Value added

In the City of Launceston, Health Care and Social Assistance is the most productive industry, generating $842 million in 2017/18.

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 prices2017/182014/15Change
Industry
(Click rows to view sub-categories)
$m%Greater Hobart%$m%Greater Hobart%2014/15 to 2017/18
Agriculture, Forestry and Fishing133.53.43.3133.43.53.3+0.2
Mining67.31.71.278.52.01.1-11.1
Manufacturing206.45.35.5255.26.65.8-48.8
Electricity, Gas, Water and Waste Services96.22.54.5116.73.05.1-20.5
Construction149.23.85.3198.75.27.0-49.4
Wholesale Trade163.14.23.1185.04.83.3-21.8
Retail Trade292.57.56.1275.27.15.8+17.3
Accommodation and Food Services115.03.03.3112.22.93.1+2.8
Transport, Postal and Warehousing122.43.23.6184.14.84.6-61.7
Information Media and Telecommunications164.14.25.5173.94.56.1-9.8
Financial and Insurance Services555.214.310.1485.512.68.2+69.7
Rental, Hiring and Real Estate Services88.62.32.183.12.22.2+5.4
Professional, Scientific and Technical Services128.93.34.5122.43.24.5+6.5
Administrative and Support Services65.31.72.175.92.02.0-10.6
Public Administration and Safety216.85.611.1213.15.510.4+3.7
Education and Training354.19.18.7351.99.18.5+2.2
Health Care and Social Assistance841.621.716.2697.618.115.2+144.0
Arts and Recreation Services30.50.81.626.30.71.6+4.1
Other Services92.02.42.184.72.22.1+7.3

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , 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

Value added by industry sector 2017/18
Value added by industry sector 2017/18 Agriculture, Forestry and Fishing, Greater Hobart: 3.3% Mining, Greater Hobart: 1.2% Manufacturing, Greater Hobart: 5.5% Electricity, Gas, Water and Waste Services, Greater Hobart: 4.5% Construction, Greater Hobart: 5.3% Wholesale Trade, Greater Hobart: 3.1% Retail Trade, Greater Hobart: 6.1% Accommodation and Food Services, Greater Hobart: 3.3% Transport, Postal and Warehousing, Greater Hobart: 3.6% Information Media and Telecommunications, Greater Hobart: 5.5% Financial and Insurance Services, Greater Hobart: 10.1% Rental, Hiring and Real Estate Services, Greater Hobart: 2.1% Professional, Scientific and Technical Services, Greater Hobart: 4.5% Administrative and Support Services, Greater Hobart: 2.1% Public Administration and Safety, Greater Hobart: 11.1% Education and Training, Greater Hobart: 8.7% Health Care and Social Assistance, Greater Hobart: 16.2% Arts and Recreation Services, Greater Hobart: 1.6% Other Services, Greater Hobart: 2.1% Agriculture, Forestry and Fishing, City of Launceston: 3.4% Mining, City of Launceston: 1.7% Manufacturing, City of Launceston: 5.3% Electricity, Gas, Water and Waste Services, City of Launceston: 2.5% Construction, City of Launceston: 3.8% Wholesale Trade, City of Launceston: 4.2% Retail Trade, City of Launceston: 7.5% Accommodation and Food Services, City of Launceston: 3.0% Transport, Postal and Warehousing, City of Launceston: 3.2% Information Media and Telecommunications, City of Launceston: 4.2% Financial and Insurance Services, City of Launceston: 14.3% Rental, Hiring and Real Estate Services, City of Launceston: 2.3% Professional, Scientific and Technical Services, City of Launceston: 3.3% 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: 21.7% Arts and Recreation Services, City of Launceston: 0.8% Other Services, City of Launceston: 2.4%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
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 2017/18 shows the three largest industries were:

  • Health Care and Social Assistance ($842 million or 21.7%)
  • Financial and Insurance Services ($555 million or 14.3%)
  • Education and Training ($354 million or 9.1%)

In combination these three industries accounted for $1,751 million in total or 45.1% of the total value added by industry in the City of Launceston.

In comparison, the same 3 industries in Greater Hobart accounted for 16.2% in Health Care and Social Assistance; 10.1% in Financial and Insurance Services; and 8.7% in Education and Training.

The major differences between the value added by industries of the City of Launceston and Greater Hobart were:

  • A larger percentage of value added by Health Care and Social Assistance (21.7% compared to 16.2%)
  • A larger percentage of value added by Financial and Insurance Services (14.3% compared to 10.1%)
  • A smaller percentage of value added by Public Administration and Safety (5.6% compared to 11.1%)
  • A smaller percentage of value added by Electricity, Gas, Water and Waste Services (2.5% compared to 4.5%)

Change in value added by industry sector, 2014/15 to 2017/18
Change in value added by industry sector, 2014/15 to 2017/18 Agriculture, Forestry and Fishing, City of Launceston: +$0.2 million Mining, City of Launceston: -$11.1 million Manufacturing, City of Launceston: -$48.8 million Electricity, Gas, Water and Waste Services, City of Launceston: -$20.5 million Construction, City of Launceston: -$49.4 million Wholesale Trade, City of Launceston: -$21.8 million Retail Trade, City of Launceston: +$17.3 million Accommodation and Food Services, City of Launceston: +$2.8 million Transport, Postal and Warehousing, City of Launceston: -$61.7 million Information Media and Telecommunications, City of Launceston: -$9.8 million Financial and Insurance Services, City of Launceston: +$69.7 million Rental, Hiring and Real Estate Services, City of Launceston: +$5.4 million Professional, Scientific and Technical Services, City of Launceston: +$6.5 million Administrative and Support Services, City of Launceston: -$10.6 million Public Administration and Safety, City of Launceston: +$3.7 million Education and Training, City of Launceston: +$2.2 million Health Care and Social Assistance, City of Launceston: +$144.0 million Arts and Recreation Services, City of Launceston: +$4.1 million Other Services, City of Launceston: +$7.3 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
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 29.5 million between 2014/15 and 2017/18.

The largest changes in the value added by industries between 2014/15 and 2017/18 in the City of Launceston were for:

  • Health Care and Social Assistance (+$144 million)
  • Financial and Insurance Services (+$70 million)
  • Transport, Postal and Warehousing (-$62 million)
  • Construction (-$49 million)

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