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City of Monash

Value added

In the City of Monash, Education and Training is the most productive industry, generating $1,619 million in 2017/18.

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 prices2017/182014/15Change
Industry
(Click rows to view sub-categories)
$m%Victoria%$m%Victoria%2014/15 to 2017/18
Agriculture, Forestry and Fishing50.80.43.530.00.23.1+20.9
Mining7.70.10.812.50.11.0-4.8
Manufacturing1,540.010.68.21,637.912.69.3-97.9
Electricity, Gas, Water and Waste Services286.62.03.1313.02.43.2-26.5
Construction1,075.37.48.6850.26.58.4+225.2
Wholesale Trade1,580.510.95.41,503.111.55.5+77.4
Retail Trade918.76.36.0806.46.25.8+112.3
Accommodation and Food Services235.21.62.7192.51.52.4+42.8
Transport, Postal and Warehousing657.14.55.7621.94.85.8+35.2
Information Media and Telecommunications551.53.83.7527.84.03.8+23.7
Financial and Insurance Services1,007.17.011.6895.96.911.8+111.2
Rental, Hiring and Real Estate Services506.63.53.5407.83.13.2+98.8
Professional, Scientific and Technical Services1,389.29.69.31,088.18.38.4+301.1
Administrative and Support Services721.05.03.9626.34.84.1+94.8
Public Administration and Safety511.93.55.3453.03.55.6+58.9
Education and Training1,618.611.26.01,492.011.46.3+126.6
Health Care and Social Assistance1,479.510.29.21,275.19.88.8+204.4
Arts and Recreation Services87.20.61.282.10.61.3+5.1
Other Services245.91.72.0233.41.82.1+12.5

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , 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

Value added by industry sector 2017/18
Value added by industry sector 2017/18 Agriculture, Forestry and Fishing, Victoria: 3.5% Mining, Victoria: 0.8% Manufacturing, Victoria: 8.2% Electricity, Gas, Water and Waste Services, Victoria: 3.1% Construction, Victoria: 8.6% Wholesale Trade, Victoria: 5.4% Retail Trade, Victoria: 6.0% Accommodation and Food Services, Victoria: 2.7% Transport, Postal and Warehousing, Victoria: 5.7% Information Media and Telecommunications, Victoria: 3.7% Financial and Insurance Services, Victoria: 11.6% Rental, Hiring and Real Estate Services, Victoria: 3.5% Professional, Scientific and Technical Services, Victoria: 9.3% Administrative and Support Services, Victoria: 3.9% Public Administration and Safety, Victoria: 5.3% Education and Training, Victoria: 6.0% Health Care and Social Assistance, Victoria: 9.2% Arts and Recreation Services, Victoria: 1.2% Other Services, Victoria: 2.0% Agriculture, Forestry and Fishing, City of Monash: 0.4% Mining, City of Monash: 0.1% Manufacturing, City of Monash: 10.6% Electricity, Gas, Water and Waste Services, City of Monash: 2.0% Construction, City of Monash: 7.4% Wholesale Trade, City of Monash: 10.9% Retail Trade, City of Monash: 6.3% Accommodation and Food Services, City of Monash: 1.6% Transport, Postal and Warehousing, City of Monash: 4.5% Information Media and Telecommunications, City of Monash: 3.8% Financial and Insurance Services, City of Monash: 7.0% Rental, Hiring and Real Estate Services, City of Monash: 3.5% Professional, Scientific and Technical Services, City of Monash: 9.6% Administrative and Support Services, City of Monash: 5.0% Public Administration and Safety, City of Monash: 3.5% Education and Training, City of Monash: 11.2% Health Care and Social Assistance, City of Monash: 10.2% 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) ©2018
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 2017/18 shows the three largest industries were:

  • Education and Training ($1,619 million or 11.2%)
  • Wholesale Trade ($1,581 million or 10.9%)
  • Manufacturing ($1,540 million or 10.6%)

In combination these three industries accounted for $4,739 million in total or 32.8% of the total value added by industry in the City of Monash.

In comparison, the same 3 industries in Victoria accounted for 6.0% in Education and Training; 5.4% in Wholesale Trade; and 8.2% in Manufacturing.

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

  • A larger percentage of value added by Wholesale Trade (10.9% compared to 5.4%)
  • A larger percentage of value added by Education and Training (11.2% compared to 6.0%)
  • A smaller percentage of value added by Financial and Insurance Services (7.0% compared to 11.6%)
  • A smaller percentage of value added by Agriculture, Forestry and Fishing (0.4% compared to 3.5%)

Change in value added by industry sector, 2014/15 to 2017/18
Change in value added by industry sector, 2014/15 to 2017/18 Agriculture, Forestry and Fishing, City of Monash: +$20.9 million Mining, City of Monash: -$4.8 million Manufacturing, City of Monash: -$97.9 million Electricity, Gas, Water and Waste Services, City of Monash: -$26.5 million Construction, City of Monash: +$225.2 million Wholesale Trade, City of Monash: +$77.4 million Retail Trade, City of Monash: +$112.3 million Accommodation and Food Services, City of Monash: +$42.8 million Transport, Postal and Warehousing, City of Monash: +$35.2 million Information Media and Telecommunications, City of Monash: +$23.7 million Financial and Insurance Services, City of Monash: +$111.2 million Rental, Hiring and Real Estate Services, City of Monash: +$98.8 million Professional, Scientific and Technical Services, City of Monash: +$301.1 million Administrative and Support Services, City of Monash: +$94.8 million Public Administration and Safety, City of Monash: +$58.9 million Education and Training, City of Monash: +$126.6 million Health Care and Social Assistance, City of Monash: +$204.4 million Arts and Recreation Services, City of Monash: +$5.1 million Other Services, City of Monash: +$12.5 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
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 1,421.5 million between 2014/15 and 2017/18.

The largest changes in the value added by industries between 2014/15 and 2017/18 in the City of Monash were for:

  • Professional, Scientific and Technical Services (+$301 million)
  • Construction (+$225 million)
  • Health Care and Social Assistance (+$204 million)
  • Education and Training (+$127 million)

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