Murchison AreaEconomic profile
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Murchison Area

Industry sector analysis - All industries

In 2017/18, the Murchison Area contributed 4.9% of Tasmania’s employment and 7.1% of its value added.

Industry sector profiles reveal the way in which each industry contributes to the economy in the Murchison Area using ten economic measures generated by NIEIR economic modelling. This helps in understanding the role each industry sector plays in the economy.

For example, some industry sectors generate substantial output (turnover), but are not big employers and targeting those industry sectors may not meet the economic development objective of maximising employment.

In the first chart, you can also see how the output of an industry is divided between local sales, domestic exports and international exports. This information can reveal how an industry is structured, and whether it is focused on exporting or on serving the local population.

The table and second chart also show how the Murchison Area contributes to the wider economy. For example, the Murchison Area contributes 4.9% of Tasmania’s employment.

Industry sector analysis data should be viewed in conjunction with Employment by industry (Total), Employment by industry (FTE), Value added, Imports and Exports to see how each specific industry fits into the wider picture of all industries within the Murchison Area. To see how concentrated each industry sector is, visit the Employment locations section.

The third chart refers to how employment in the Murchison Area has changed overtime and how it compares to expected changes based on benchmark and industry trends. This type of analysis is explored further within the Shift-share analysis economic tool.”

National Economics (NIEIR) - Modelled series

Industry sector analysis
Murchison Area - All industries - Constant prices2017/182012/13Change
Economic measureMurchison AreaTasmaniaMurchison Area as a % of TasmaniaMurchison AreaTasmaniaMurchison Area as a % of Tasmania2012/13 to 2017/18
Employment (total)12,351249,7104.9%12,680233,7675.4%-329
Employment (FTE)10,965196,9055.6%11,375186,7846.1%-410
FTE to total employment ratio0.890.79--0.900.80---0.01
Output/Total Sales ($m)3,257.7348,026.336.8%3,164.6446,124.806.9%+93.10
Value add ($m)1,731.8924,536.327.1%1,688.5122,957.697.4%+43.38
Exports ($m)1,728.5621,022.808.2%1,733.7919,423.628.9%-5.24
Exports (domestic) ($m)1,139.8716,793.186.8%1,203.3016,127.207.5%-63.43
Exports (international) ($m)588.684,229.6213.9%530.493,296.4116.1%+58.19
Imports($m)2,114.9024,833.648.5%2,120.1822,086.559.6%-5.29
Imports (domestic) ($m)1,586.1517,592.949.0%1,668.3816,213.3510.3%-82.23
Imports (international) ($m)528.757,240.707.3%451.805,873.207.7%+76.94
Local Sales ($m)1,574.0527,443.315.7%1,453.6426,901.205.4%+120.42
Worker productivity ($ per worker)140,22398,259--133,16198,207--+7,062

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

Economic output by destination
Economic output by destination Murchison Area, Local Sales: 47.7% Murchison Area, Exports (international): 17.8% Murchison Area, Exports (domestic): 34.5% Tasmania, Local Sales: 56.6% Tasmania, Exports (international): 8.7% Tasmania, Exports (domestic): 34.6%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Industry contribution to Tasmania 2017/18
Industry contribution to Tasmania 2017/18 Employment (total), Murchison Area - All industries: 4.9% Employment (FTE), Murchison Area - All industries: 5.6% Output/Total Sales ($m), Murchison Area - All industries: 6.8% Value add ($m), Murchison Area - All industries: 7.1% Exports ($m), Murchison Area - All industries: 8.2% Exports (domestic) ($m), Murchison Area - All industries: 6.8% Exports (international) ($m), Murchison Area - All industries: 13.9% Imports($m), Murchison Area - All industries: 8.5% Imports (domestic) ($m), Murchison Area - All industries: 9.0% Imports (international) ($m), Murchison Area - All industries: 7.3% Local Sales ($m), Murchison Area - All industries: 5.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Shift-share analysis for Employment (Total) 2012/13 to 2017/18
Shift-share analysis for Employment (Total) 2012/13 to 2017/18 Net change in Benchmark Growth (BG) effect, Murchison Area relative to Tasmania: 864.8 Net change in Industry Mix (IM) effect, Murchison Area relative to Tasmania: 0.0 Net change in Expected change (BG + IM), Murchison Area relative to Tasmania: 864.8 Net change in Actual change, Murchison Area relative to Tasmania: -329.2 Net change in Regional Competitive (RC) effect, Murchison Area relative to Tasmania: -1,194.0
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
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