City of Monash

Value added

In the City of Monash, Health Care and Social Assistance most productive industry, generating $1,801 million in 2019/20.

Value added by industry is an indicator of business productivity in the City of Monash. 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 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 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
City of Monash2019/202014/15Change
Industry$m%. Victoria$m%. Victoria2014/15 - 2019/20
Agriculture, Forestry and Fishing12.60.12.017.90.13.2-5.3
Mining26.30.21.611.60.11.7+14.7
Manufacturing1,600.410.18.01,706.012.69.5-105.5
Electricity, Gas, Water and Waste Services342.62.23.2349.32.63.4-6.8
Construction1,280.08.09.3937.36.98.7+342.8
Wholesale Trade1,623.310.25.01,487.411.05.1+135.8
Retail Trade1,120.67.05.5825.26.15.6+295.4
Accommodation and Food Services210.11.32.2205.71.52.4+4.4
Transport, Postal and Warehousing768.94.85.3671.85.05.8+97.1
Information Media and Telecommunications463.82.93.3420.33.13.0+43.4
Financial and Insurance Services1,138.07.112.6961.17.112.0+176.9
Rental, Hiring and Real Estate Services477.13.03.1440.13.23.3+37.0
Professional, Scientific and Technical Services1,562.29.89.71,110.38.28.1+452.0
Administrative and Support Services821.95.24.5646.24.84.0+175.7
Public Administration and Safety609.73.86.1494.93.65.7+114.8
Education and Training1,714.310.86.21,649.712.26.5+64.6
Health Care and Social Assistance1,800.611.39.51,294.09.58.4+506.6
Arts and Recreation Services75.60.51.279.40.61.3-3.9
Other Services269.61.72.0255.61.92.2+14.0
Total industries15,917.5100.0100.013,563.8100.0100.0+2,353.6

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. 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 the City of Monash in 2019/20 shows the three largest industries were:

  • Health Care and Social Assistance (1,801 million or 11.3%)
  • Education and Training (1,714 million or 10.8%)
  • Wholesale Trade (1,623 million or 10.2%)

In combination these three industries accounted for 5,138 million in total or 32.3% of the total value added by industry in the the City of Monash.

In comparison, the same 3 industries in Victoria accounted for 9.5% in Health Care and Social Assistance; 6.2% in Education and Training and 5.0% in Wholesale Trade.

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

  • A smaller percentage of value added by Financial and Insurance Services (7.1% compared to 12.6%)
  • A larger percentage of value added by Wholesale Trade (10.2% compared to 5.0%)
  • A larger percentage of value added by Education and Training (10.8% compared to 6.2%)
  • A smaller percentage of value added by Public Administration and Safety (3.8% compared to 6.1%)

Emerging groups

The total value added by industry in the City of Monash $increased by 2,354 million between 2014/15 and 2019/20.

The largest changes in the value added by industries between 2014/15 and 2019/20 in the City of Monash were for:

  • Health Care and Social Assistance (+$507 million)
  • Professional, Scientific and Technical Services (+$452 million)
  • Construction (+$343 million)
  • Retail Trade (+$295 million)

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City of Monash

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