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City of Monash

Worker productivity

In the City of Monash, Financial and Insurance Services had the highest productivity by industry, generating $316,423 per worker in 2019/20.

Worker productivity by industry is calculated by dividing the industry value add by the number of persons employed in that industry. It shows which industries generate the most value add per employee. Some industry sectors, such as retail trade, are not highly productive per worker, but they employ a lot of people. Other industries, such as mining, employ fewer people but generate high levels of productivity. Each plays an important role in the economy.

Worker productivity data should be viewed in conjunction with Employment by industry (Total) and Employment by industry (FTE), to see the relative size of employment in each industry, and with Local workers income to see how many local workers are actually each in each industry, and with Sources of income data to see whether employment is the main way income is derived.

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.
Productivity per worker (annual) by industry
City of Monash - Constant prices2019/202014/15Change
Industry
(Click rows to view sub-categories)
$Victoria $$Victoria $2014/15 to 2019/20
Agriculture, Forestry and Fishing48,58392,60097,933138,776-49,350
Mining193,446486,089105,891520,221+87,556
Manufacturing97,834102,425114,808117,542-16,974
Electricity, Gas, Water and Waste Services289,752276,828369,512320,216-79,760
Construction81,288113,13480,375116,668+913
Wholesale Trade175,263156,313168,860154,755+6,403
Retail Trade70,01563,59667,55660,872+2,459
Accommodation and Food Services42,99342,94441,84742,540+1,146
Transport, Postal and Warehousing113,524115,630127,876132,296-14,352
Information Media and Telecommunications193,107194,383167,922155,315+25,185
Financial and Insurance Services316,423350,047307,876335,045+8,547
Rental, Hiring and Real Estate Services220,422221,124235,423236,314-15,002
Professional, Scientific and Technical Services116,956117,304112,564112,625+4,393
Administrative and Support Services156,118153,518137,416130,466+18,702
Public Administration and Safety153,866126,564141,455123,175+12,410
Education and Training99,52186,033107,97684,750-8,454
Health Care and Social Assistance87,92382,59779,17877,466+8,745
Arts and Recreation Services64,02872,63361,06468,663+2,964
Other Services63,62962,70867,20566,262-3,576

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions).

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

Productivity per worker (annual) by industry 2019/20
Productivity per worker (annual) by industry 2019/20 Agriculture, Forestry and Fishing, Victoria: $92,600 Mining, Victoria: $486,089 Manufacturing, Victoria: $102,425 Electricity, Gas, Water and Waste Services, Victoria: $276,828 Construction, Victoria: $113,134 Wholesale Trade, Victoria: $156,313 Retail Trade, Victoria: $63,596 Accommodation and Food Services, Victoria: $42,944 Transport, Postal and Warehousing, Victoria: $115,630 Information Media and Telecommunications, Victoria: $194,383 Financial and Insurance Services, Victoria: $350,047 Rental, Hiring and Real Estate Services, Victoria: $221,124 Professional, Scientific and Technical Services, Victoria: $117,304 Administrative and Support Services, Victoria: $153,518 Public Administration and Safety, Victoria: $126,564 Education and Training, Victoria: $86,033 Health Care and Social Assistance, Victoria: $82,597 Arts and Recreation Services, Victoria: $72,633 Other Services, Victoria: $62,708 Agriculture, Forestry and Fishing, City of Monash: $48,583 Mining, City of Monash: $193,446 Manufacturing, City of Monash: $97,834 Electricity, Gas, Water and Waste Services, City of Monash: $289,752 Construction, City of Monash: $81,288 Wholesale Trade, City of Monash: $175,263 Retail Trade, City of Monash: $70,015 Accommodation and Food Services, City of Monash: $42,993 Transport, Postal and Warehousing, City of Monash: $113,524 Information Media and Telecommunications, City of Monash: $193,107 Financial and Insurance Services, City of Monash: $316,423 Rental, Hiring and Real Estate Services, City of Monash: $220,422 Professional, Scientific and Technical Services, City of Monash: $116,956 Administrative and Support Services, City of Monash: $156,118 Public Administration and Safety, City of Monash: $153,866 Education and Training, City of Monash: $99,521 Health Care and Social Assistance, City of Monash: $87,923 Arts and Recreation Services, City of Monash: $64,028 Other Services, City of Monash: $63,629
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
Change in productivity per worker (annual) by industry, 2014/15 to 2019/20
Change in productivity per worker (annual) by industry, 2014/15 to 2019/20 Agriculture, Forestry and Fishing, City of Monash: -$49,350 Mining, City of Monash: +$87,556 Manufacturing, City of Monash: -$16,974 Electricity, Gas, Water and Waste Services, City of Monash: -$79,760 Construction, City of Monash: +$913 Wholesale Trade, City of Monash: +$6,403 Retail Trade, City of Monash: +$2,459 Accommodation and Food Services, City of Monash: +$1,146 Transport, Postal and Warehousing, City of Monash: -$14,352 Information Media and Telecommunications, City of Monash: +$25,185 Financial and Insurance Services, City of Monash: +$8,547 Rental, Hiring and Real Estate Services, City of Monash: -$15,002 Professional, Scientific and Technical Services, City of Monash: +$4,393 Administrative and Support Services, City of Monash: +$18,702 Public Administration and Safety, City of Monash: +$12,410 Education and Training, City of Monash: -$8,454 Health Care and Social Assistance, City of Monash: +$8,745 Arts and Recreation Services, City of Monash: +$2,964 Other Services, City of Monash: -$3,576
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the worker productivity by industry sectors in City of Monash in 2019/20 shows the three highest industries were:

  • Financial and Insurance Services ($316,423)
  • Electricity, Gas, Water and Waste Services ($289,752)
  • Rental, Hiring and Real Estate Services ($220,422)

In comparison, the same 3 industries in Victoria were for $350,047 in Financial and Insurance Services; $276,828 in Electricity, Gas, Water and Waste Services; and $221,124 in Rental, Hiring and Real Estate Services.

The major differences between worker productivity by industries in the City of Monash and Victoria were:

  • Lower worker productivity in Mining ($193,446 compared to $486,089)
  • Lower worker productivity in Agriculture, Forestry and Fishing ($48,583 compared to $92,600)
  • Lower worker productivity in Financial and Insurance Services ($316,423 compared to $350,047)
  • Lower worker productivity in Construction ($81,288 compared to $113,134)

Emerging groups

The total worker productivity by industry in the City of Monash decreased by $1,708 between 2014/15 and 2019/20.

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

  • Mining (+$87,556)
  • Electricity, Gas, Water and Waste Services (-$79,760)
  • Agriculture, Forestry and Fishing (-$49,350)
  • Information Media and Telecommunications (+$25,185)

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