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

Data source

National Economics (NIEIR) - Modelled series

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Productivity per worker (annual) by industry
City of Monash - Constant prices2019/202014/15Change
Industry$Victoria$$Victoria$ 2014/15 - 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
Total worker productivity110,172114,588111,881114,453-1,708

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 2018-19 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

Please refer to specific data notes for more information
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Dominant groups

An analysis of the jobs held by the full-time equivalent local workers in the 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 the jobs held by the full-time equivalent local workers of the City of Monash and Victoria were:

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

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 those employed in:

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

City of Monash

economic profile