Meander Valley Council

Value added

In Meander Valley Council, Agriculture, Forestry and Fishing most productive industry, generating $383 million in 2021/22.

Value added by industry is an indicator of business productivity in Meander Valley Council. 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 Meander Valley Council’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 analysissection. 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.

Data source

National Economics (NIEIR) - Modelled series

Current benchmark:
Comparison year:
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Value added by industry sector
Meander Valley Council2021/222016/17Change
Industry$m%. Tasmania$m%. Tasmania2016/17 - 2021/22
Agriculture, Forestry and Fishing383.343.613.5236.931.611.2+146.4
Mining9.91.13.516.32.24.1-6.4
Manufacturing83.69.56.588.311.87.4-4.8
Electricity, Gas, Water and Waste Services4.60.53.37.71.03.5-3.1
Construction87.19.98.163.08.47.5+24.2
Wholesale Trade19.52.22.927.03.63.3-7.5
Retail Trade34.84.05.234.04.55.9+0.7
Accommodation and Food Services24.22.72.418.72.52.8+5.5
Transport, Postal and Warehousing23.82.74.621.02.85.2+2.8
Information Media and Telecommunications7.60.93.56.40.93.3+1.3
Financial and Insurance Services10.21.25.510.71.46.2-0.5
Rental, Hiring and Real Estate Services7.50.81.95.40.72.0+2.1
Professional, Scientific and Technical Services14.71.73.913.11.73.5+1.6
Administrative and Support Services12.21.42.411.31.52.1+1.0
Public Administration and Safety21.52.47.527.23.67.5-5.8
Education and Training34.03.96.626.53.57.4+7.5
Health Care and Social Assistance60.26.815.589.011.913.9-28.9
Arts and Recreation Services32.83.71.137.95.11.2-5.1
Other Services7.60.91.99.21.22.1-1.6
Total industries879.0100.0100.0749.4100.0100.0+129.6

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. Compiled and presented in economy.id by .id (informed decisions). NIEIR-ID data are adjusted each year, using updated employment estimates. Each release may change previous years’ figures. Learn more

Please refer to specific data notes for more information
Did you know? By clicking/tapping on a category in the chart below you will be able to drilldown to the sub categories.
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Dominant groups

An analysis of the valued added by industry sectors in Meander Valley Council in 2021/22 shows the three largest industries were:

  • Agriculture, Forestry and Fishing (383 million or 43.6%)
  • Construction (87 million or 9.9%)
  • Manufacturing (84 million or 9.5%)

In combination these three industries accounted for 554 million in total or 63.0% of the total value added by industry in the Meander Valley Council.

In comparison, the same 3 industries in Tasmania accounted for 13.5% in Agriculture, Forestry and Fishing; 8.1% in Construction and 6.5% in Manufacturing.

The major differences between the value added by industries of Meander Valley Council and Tasmania were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (43.6% compared to 13.5%)
  • A smaller percentage of value added by Health Care and Social Assistance (6.8% compared to 15.5%)
  • A smaller percentage of value added by Public Administration and Safety (2.4% compared to 7.5%)
  • A smaller percentage of value added by Financial and Insurance Services (1.2% compared to 5.5%)

Emerging groups

The total value added by industry in Meander Valley Council $increased by 130 million between 2016/17 and 2021/22.

The largest changes in the value added by industries between 2016/17 and 2021/22 in Meander Valley Council were for:

  • Agriculture, Forestry and Fishing (+$146 million)
  • Construction (+$24 million)
  • Education and Training (+$8 million)
  • Accommodation and Food Services (+$5 million)

Meander Valley Council

economic profile