City of Monash

Output

In the City of Monash, Manufacturing had the largest output by industry, generating $4,448 million in 2020/21.

Output by industry is a gross measure of the total sales of each industry sector in the City of Monash. 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 Monash’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.

Data source

National Economics (NIEIR) - Modelled series

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Output by industry sector
City of Monash2020/212015/16Change
Industry$m%. Victoria$m%. Victoria2015/16 - 2020/21
Agriculture, Forestry and Fishing64.70.22.950.70.22.7+13.9
Mining62.00.20.818.60.11.1+43.4
Manufacturing4,447.512.311.65,280.816.413.4-833.2
Electricity, Gas, Water and Waste Services1,270.63.53.5960.43.03.8+310.2
Construction3,480.59.613.53,394.210.612.2+86.3
Wholesale Trade2,499.26.94.93,333.610.45.1-834.4
Retail Trade2,052.55.74.21,518.04.74.4+534.5
Accommodation and Food Services493.01.42.2505.01.62.5-12.1
Transport, Postal and Warehousing1,772.24.95.21,579.54.95.8+192.8
Information Media and Telecommunications1,496.94.13.9990.63.13.1+506.3
Financial and Insurance Services2,467.56.89.21,633.05.18.5+834.5
Rental, Hiring and Real Estate Services2,821.67.87.62,638.98.28.5+182.7
Professional, Scientific and Technical Services3,575.59.98.42,549.17.97.8+1,026.4
Administrative and Support Services1,391.63.93.21,265.53.93.3+126.1
Public Administration and Safety1,220.03.44.7845.92.64.1+374.1
Education and Training3,298.99.14.32,592.28.14.1+706.7
Health Care and Social Assistance2,947.98.26.52,119.66.65.7+828.3
Arts and Recreation Services226.20.61.7263.80.81.8-37.6
Other Services539.91.51.8583.51.82.1-43.5
Total industries36,128.2100.0100.032,123.0100.0100.0+4,005.2

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 2019/20 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

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.

Dominant groups

An analysis of the output by industry sectors in the City of Monash in 2020/21 shows the three largest industries were:

  • Manufacturing ($4,448 million or 12.3%)
  • Professional, Scientific and Technical Services ($3,576 million or 9.9%)
  • Construction ($3,480 million or 9.6%)

In combination these three industries accounted for $11,504 million in total or 31.8% of the total output by total industry in the the City of Monash.

In comparison, the same 3 industries in Victoria accounted for 11.6% in Manufacturing; 8.4% in Professional, Scientific and Technical Services and 13.5% in Construction.

The major differences between output by industries of the City of Monash and Victoria were:

  • A larger percentage of output by Education and Training (9.1% compared to 4.3%)
  • A smaller percentage of output by Construction (9.6% compared to 13.5%)
  • A smaller percentage of output by Agriculture, Forestry and Fishing (0.2% compared to 2.9%)
  • A smaller percentage of output by Financial and Insurance Services (6.8% compared to 9.2%)

Emerging groups

The total industry output in the City of Monash increased by $4,005 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 Monash were for:

  • Professional, Scientific and Technical Services (+$1,026 million)
  • Financial and Insurance Services (+$834 million)
  • Health Care and Social Assistance (+$828 million)
  • Education and Training (+$707 million)

City of Monash

economic profile