City of MonashEconomic profile
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This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

In the City of Monash, Manufacturing is the most productive industry, generating $1,578 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

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 Monash - Constant prices2016/172011/12Change
Industry
(Click rows to view sub-categories)
$m%Greater Melbourne%$m%Greater Melbourne%2011/12 to 2016/17
Agriculture, Forestry and Fishing58.60.41.118.00.21.0+40.6
Mining4.20.00.311.70.11.0-7.5
Manufacturing1,578.311.37.91,261.311.18.3+317.0
Electricity, Gas, Water and Waste Services250.11.82.9202.61.82.8+47.5
Construction957.96.98.6661.85.87.7+296.1
Wholesale Trade1,573.211.36.21,368.012.05.9+205.2
Retail Trade879.36.35.8721.16.35.7+158.2
Accommodation and Food Services222.31.62.5180.91.62.4+41.4
Transport, Postal and Warehousing694.65.06.4561.74.96.1+132.9
Information Media and Telecommunications517.83.74.3439.03.84.0+78.8
Financial and Insurance Services951.66.813.2880.57.713.8+71.2
Rental, Hiring and Real Estate Services471.33.43.7351.63.13.3+119.7
Professional, Scientific and Technical Services1,310.69.410.1971.68.59.8+339.0
Administrative and Support Services708.85.14.3520.64.64.5+188.2
Public Administration and Safety476.53.45.3431.13.85.5+45.4
Education and Training1,573.511.36.01,439.212.66.5+134.3
Health Care and Social Assistance1,375.49.98.21,041.59.17.6+333.9
Arts and Recreation Services84.80.61.388.90.81.6-4.1
Other Services235.01.72.0255.42.22.5-20.4

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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

Value added by industry sector 2016/17
Value added by industry sector 2016/17 Agriculture, Forestry and Fishing, Greater Melbourne: 1.1% Mining, Greater Melbourne: 0.3% Manufacturing, Greater Melbourne: 7.9% Electricity, Gas, Water and Waste Services, Greater Melbourne: 2.9% Construction, Greater Melbourne: 8.6% Wholesale Trade, Greater Melbourne: 6.2% Retail Trade, Greater Melbourne: 5.8% Accommodation and Food Services, Greater Melbourne: 2.5% Transport, Postal and Warehousing, Greater Melbourne: 6.4% Information Media and Telecommunications, Greater Melbourne: 4.3% Financial and Insurance Services, Greater Melbourne: 13.2% Rental, Hiring and Real Estate Services, Greater Melbourne: 3.7% Professional, Scientific and Technical Services, Greater Melbourne: 10.1% Administrative and Support Services, Greater Melbourne: 4.3% Public Administration and Safety, Greater Melbourne: 5.3% Education and Training, Greater Melbourne: 6.0% Health Care and Social Assistance, Greater Melbourne: 8.2% Arts and Recreation Services, Greater Melbourne: 1.3% Other Services, Greater Melbourne: 2.0% Agriculture, Forestry and Fishing, City of Monash: 0.4% Mining, City of Monash: 0.0% Manufacturing, City of Monash: 11.3% Electricity, Gas, Water and Waste Services, City of Monash: 1.8% Construction, City of Monash: 6.9% Wholesale Trade, City of Monash: 11.3% Retail Trade, City of Monash: 6.3% Accommodation and Food Services, City of Monash: 1.6% Transport, Postal and Warehousing, City of Monash: 5.0% Information Media and Telecommunications, City of Monash: 3.7% Financial and Insurance Services, City of Monash: 6.8% Rental, Hiring and Real Estate Services, City of Monash: 3.4% Professional, Scientific and Technical Services, City of Monash: 9.4% Administrative and Support Services, City of Monash: 5.1% Public Administration and Safety, City of Monash: 3.4% Education and Training, City of Monash: 11.3% Health Care and Social Assistance, City of Monash: 9.9% Arts and Recreation Services, City of Monash: 0.6% Other Services, City of Monash: 1.7%
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:

  • Manufacturing ($1,578 million or 11.3%)
  • Education and Training ($1,573 million or 11.3%)
  • Wholesale Trade ($1,573 million or 11.3%)

In combination these three industries accounted for $4,725 million in total or 33.9% of the total value added by industry in the City of Monash.

In comparison, the same 3 industries in Greater Melbourne accounted for 7.9% in Manufacturing; 6.0% in Education and Training; and 6.2% in Wholesale Trade.

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

  • A larger percentage of value added by Education and Training (11.3% compared to 6.0%)
  • A larger percentage of value added by Wholesale Trade (11.3% compared to 6.2%)
  • A larger percentage of value added by Manufacturing (11.3% compared to 7.9%)
  • A smaller percentage of value added by Financial and Insurance Services (6.8% compared to 13.2%)

Change in value added by industry sector, 2011/12 to 2016/17
Change in value added by industry sector, 2011/12 to 2016/17 Agriculture, Forestry and Fishing, City of Monash: +$40.6 million Mining, City of Monash: -$7.5 million Manufacturing, City of Monash: +$317.0 million Electricity, Gas, Water and Waste Services, City of Monash: +$47.5 million Construction, City of Monash: +$296.1 million Wholesale Trade, City of Monash: +$205.2 million Retail Trade, City of Monash: +$158.2 million Accommodation and Food Services, City of Monash: +$41.4 million Transport, Postal and Warehousing, City of Monash: +$132.9 million Information Media and Telecommunications, City of Monash: +$78.8 million Financial and Insurance Services, City of Monash: +$71.2 million Rental, Hiring and Real Estate Services, City of Monash: +$119.7 million Professional, Scientific and Technical Services, City of Monash: +$339.0 million Administrative and Support Services, City of Monash: +$188.2 million Public Administration and Safety, City of Monash: +$45.4 million Education and Training, City of Monash: +$134.3 million Health Care and Social Assistance, City of Monash: +$333.9 million Arts and Recreation Services, City of Monash: -$4.1 million Other Services, City of Monash: -$20.4 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the City of Monash increased by 2,517.3 million between 2011/12 and 2016/17.

The largest changes in the value added by industries between 2011/12 and 2016/17 in the City of Monash were for:

  • Professional, Scientific and Technical Services (+$339 million)
  • Health Care and Social Assistance (+$334 million)
  • Manufacturing (+$317 million)
  • Construction (+$296 million)

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