City of MonashEconomic profile
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City of Monash

Value added

In the City of Monash, [Econ_ValueAdd].[Top1Label] is the most productive industry, generating $[Econ_ValueAdd].[Top1Number].{0:#,#} million in 2016/17.

Value added by industry is an indicator of business productivity in 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 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 analysis section. 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.

National Economics (NIEIR) - Modelled series

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Value added by industry sector 2016/17
Value added by industry sector 2016/17
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in City of Monash in 2016/17 shows the three largest industries were:

[Econ_ValueAdd].[TopList1]

In combination these three industries accounted for $[Econ_ValueAdd].[Top3Sum].{0:#,0} million in total or [Econ_ValueAdd].[Top3SumPer].{0:0.0}% of the total value added by industry in the City of Monash.

In comparison, the same 3 industries in Victoria accounted for [Econ_ValueAdd].[BMSumTop1Num].{0:0.0}% in [Econ_ValueAdd].[BMTop1Label]; [Econ_ValueAdd].[BMSumTop2Num].{0:0.0}% in [Econ_ValueAdd].[BMTop2Label]; and [Econ_ValueAdd].[BMSumTop3Num].{0:0.0}% in [Econ_ValueAdd].[BMTop3Label].

[Econ_ValueAdd].[SpatialList1]

Change in value added by industry sector, 2011/12 to 2016/17
Change in value added by industry sector, 2011/12 to 2016/17
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
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