City of Monash

Value added

In the City of Monash, Education and Training most productive industry, generating $2,054 million in 2020/21.

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:
reset
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 Monash2020/212015/16Change
Industry$m%. Victoria$m%. Victoria2015/16 - 2020/21
Agriculture, Forestry and Fishing25.20.22.622.60.22.9+2.7
Mining27.70.21.29.70.11.5+17.9
Manufacturing1,438.88.77.81,786.312.19.1-347.6
Electricity, Gas, Water and Waste Services483.52.93.2366.62.53.5+116.8
Construction1,019.36.19.11,119.87.69.0-100.5
Wholesale Trade1,379.58.36.01,763.312.05.9-383.9
Retail Trade1,237.17.45.7907.26.15.8+329.9
Accommodation and Food Services188.51.12.0210.41.42.3-22.0
Transport, Postal and Warehousing775.24.75.1734.35.06.0+40.9
Information Media and Telecommunications543.23.33.4431.62.93.0+111.6
Financial and Insurance Services1,293.77.811.3921.66.211.1+372.1
Rental, Hiring and Real Estate Services517.03.13.1466.83.23.3+50.2
Professional, Scientific and Technical Services1,846.311.19.81,246.88.58.5+599.6
Administrative and Support Services813.34.94.2720.94.94.1+92.4
Public Administration and Safety743.94.56.3525.73.65.6+218.2
Education and Training2,054.512.46.51,771.012.06.4+283.5
Health Care and Social Assistance1,940.411.79.81,401.29.58.5+539.2
Arts and Recreation Services65.50.41.282.30.61.3-16.8
Other Services238.01.41.8265.31.82.1-27.2
Total industries16,630.3100.0100.014,753.3100.0100.0+1,877.0

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.
loading animation
loading animation

Dominant groups

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

  • Education and Training (2,054 million or 12.4%)
  • Health Care and Social Assistance (1,940 million or 11.7%)
  • Professional, Scientific and Technical Services (1,846 million or 11.1%)

In combination these three industries accounted for 5,841 million in total or 35.1% of the total value added by industry in the the City of Monash.

In comparison, the same 3 industries in Victoria accounted for 6.5% in Education and Training; 9.8% in Health Care and Social Assistance and 9.8% in Professional, Scientific and Technical Services.

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

  • A larger percentage of value added by Education and Training (12.4% compared to 6.5%)
  • A smaller percentage of value added by Financial and Insurance Services (7.8% compared to 11.3%)
  • A smaller percentage of value added by Construction (6.1% compared to 9.1%)
  • A smaller percentage of value added by Agriculture, Forestry and Fishing (0.2% compared to 2.6%)

Emerging groups

The total value added by industry in the City of Monash $increased by 1,877 million between 2015/16 and 2020/21.

The largest changes in the value added by industries between 2015/16 and 2020/21 in the City of Monash were for:

  • Professional, Scientific and Technical Services (+$600 million)
  • Health Care and Social Assistance (+$539 million)
  • Financial and Insurance Services (+$372 million)
  • Retail Trade (+$330 million)

City of Monash

economic profile