City of Monash
In the City of Monash, Manufacturing had the largest output by industry, generating $4,837 million in 2017/18.
Output by industry is a gross measure of the total sales of each industry sector in City of Monash. It does not measure how productive each industry sector is at producing this output - which is measured by value added.
By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of City of Monash’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.
Detailed data notes about how the figures are derived can be found in the specific topic notes section.
The gross measure of output includes the value of all the inputs to each industry.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|City of Monash - Constant prices||2017/18||2012/13||Change|
|Industry (Click rows to view sub-categories)||$m||%||Victoria%||$m||%||Victoria%||2012/13 to 2017/18|
|Agriculture, Forestry and Fishing||78.5||0.2||2.4||60.8||0.2||2.7||+17.7||23000||P|
|Electricity, Gas, Water and Waste Services||832.4||2.5||3.5||965.9||3.4||4.4||-133.5||23300||P|
|Accommodation and Food Services||529.2||1.6||2.7||421.2||1.5||2.3||+108.0||23700||P|
|Transport, Postal and Warehousing||1,518.0||4.6||5.8||1,545.3||5.5||6.8||-27.2||23800||P|
|Information Media and Telecommunications||1,317.8||4.0||3.9||951.7||3.4||3.3||+366.0||23900||P|
|Financial and Insurance Services||1,735.4||5.3||8.5||1,493.2||5.3||8.5||+242.3||24000||P|
|Rental, Hiring and Real Estate Services||3,545.9||10.7||10.8||2,547.7||9.1||9.2||+998.3||24100||P|
|Professional, Scientific and Technical Services||2,749.7||8.3||8.1||2,099.1||7.5||7.6||+650.6||24200||P|
|Administrative and Support Services||1,231.9||3.7||3.0||922.5||3.3||2.9||+309.5||24300||P|
|Public Administration and Safety||883.0||2.7||4.0||808.4||2.9||4.3||+74.6||24400||P|
|Education and Training||2,332.7||7.1||3.7||2,050.4||7.3||3.8||+282.3||24500||P|
|Health Care and Social Assistance||1,958.4||5.9||5.3||1,396.0||5.0||4.3||+562.4||24600||P|
|Arts and Recreation Services||281.0||0.9||1.7||238.7||0.9||1.6||+42.3||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 Monash in 2017/18 shows the three largest industries were:
- Manufacturing (4,837 million or 14.6%)
- Construction (3,578 million or 10.8%)
- Rental, Hiring and Real Estate Services (3,546 million or 10.7%)
In combination these three industries accounted for $11,960 million in total or 36.2% of the total output by total industry in the City of Monash.
In comparison, the same 3 industries in Victoria accounted for 11.9% in Manufacturing; 12.5% in Construction; and 10.8% in Rental, Hiring and Real Estate Services.
The major differences between output by industries in the City of Monash and Victoria were:
- A larger percentage of output by Wholesale Trade (10.7% compared to 5.5%)
- A larger percentage of output by Education and Training (7.1% compared to 3.7%)
- A larger percentage of output by Manufacturing (14.6% compared to 11.9%)
- A smaller percentage of output by Financial and Insurance Services (5.3% compared to 8.5%)
The total industry output in the City of Monash increased by $4,944.3 million between 2012/13 and 2017/18.
The largest changes in the output by industries between 2012/13 and 2017/18 in the City of Monash were for:
- Construction (+$1,404 million)
- Rental, Hiring and Real Estate Services (+$998 million)
- Professional, Scientific and Technical Services (+$651 million)
- Health Care and Social Assistance (+$562 million)