Murchison AreaEconomic profile
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Murchison Area

Value added

In the Murchison Area, Mining is the most productive industry, generating $574 million in 2017/18.

Value added by industry is an indicator of business productivity in Murchison Area. 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 Murchison Area’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
Murchison Area - Constant prices2017/182012/13Change
Industry
(Click rows to view sub-categories)
$m%Tasmania%$m%Tasmania%2012/13 to 2017/18
Agriculture, Forestry and Fishing411.123.710.9365.921.710.0+45.2
Mining574.033.14.7641.438.05.1-67.4
Manufacturing147.48.57.2152.39.08.4-4.8
Electricity, Gas, Water and Waste Services17.01.03.120.61.24.3-3.5
Construction119.36.95.586.85.15.8+32.5
Wholesale Trade44.62.63.455.93.33.8-11.2
Retail Trade53.93.15.845.02.75.6+8.9
Accommodation and Food Services38.02.23.034.02.03.1+4.1
Transport, Postal and Warehousing38.72.23.943.62.64.8-4.9
Information Media and Telecommunications14.10.83.99.90.63.6+4.2
Financial and Insurance Services32.01.88.124.71.57.0+7.4
Rental, Hiring and Real Estate Services9.30.51.88.00.51.7+1.3
Professional, Scientific and Technical Services13.20.83.212.50.73.3+0.7
Administrative and Support Services19.81.11.915.50.92.0+4.4
Public Administration and Safety33.82.07.527.31.67.2+6.5
Education and Training54.53.17.447.92.87.6+6.6
Health Care and Social Assistance88.95.115.477.04.613.9+11.9
Arts and Recreation Services7.30.41.24.80.31.2+2.4
Other Services14.60.82.015.40.91.9-0.8

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, Tasmania: 10.9% Mining, Tasmania: 4.7% Manufacturing, Tasmania: 7.2% Electricity, Gas, Water and Waste Services, Tasmania: 3.1% Construction, Tasmania: 5.5% Wholesale Trade, Tasmania: 3.4% Retail Trade, Tasmania: 5.8% Accommodation and Food Services, Tasmania: 3.0% Transport, Postal and Warehousing, Tasmania: 3.9% Information Media and Telecommunications, Tasmania: 3.9% Financial and Insurance Services, Tasmania: 8.1% Rental, Hiring and Real Estate Services, Tasmania: 1.8% Professional, Scientific and Technical Services, Tasmania: 3.2% Administrative and Support Services, Tasmania: 1.9% Public Administration and Safety, Tasmania: 7.5% Education and Training, Tasmania: 7.4% Health Care and Social Assistance, Tasmania: 15.4% Arts and Recreation Services, Tasmania: 1.2% Other Services, Tasmania: 2.0% Agriculture, Forestry and Fishing, Murchison Area: 23.7% Mining, Murchison Area: 33.1% Manufacturing, Murchison Area: 8.5% Electricity, Gas, Water and Waste Services, Murchison Area: 1.0% Construction, Murchison Area: 6.9% Wholesale Trade, Murchison Area: 2.6% Retail Trade, Murchison Area: 3.1% Accommodation and Food Services, Murchison Area: 2.2% Transport, Postal and Warehousing, Murchison Area: 2.2% Information Media and Telecommunications, Murchison Area: 0.8% Financial and Insurance Services, Murchison Area: 1.8% Rental, Hiring and Real Estate Services, Murchison Area: 0.5% Professional, Scientific and Technical Services, Murchison Area: 0.8% Administrative and Support Services, Murchison Area: 1.1% Public Administration and Safety, Murchison Area: 2.0% Education and Training, Murchison Area: 3.1% Health Care and Social Assistance, Murchison Area: 5.1% Arts and Recreation Services, Murchison Area: 0.4% Other Services, Murchison Area: 0.8%
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 Murchison Area in 2017/18 shows the three largest industries were:

  • Mining ($574 million or 33.1%)
  • Agriculture, Forestry and Fishing ($411 million or 23.7%)
  • Manufacturing ($147 million or 8.5%)

In combination these three industries accounted for $1,133 million in total or 65.4% of the total value added by industry in the Murchison Area.

In comparison, the same 3 industries in Tasmania accounted for 4.7% in Mining; 10.9% in Agriculture, Forestry and Fishing; and 7.2% in Manufacturing.

The major differences between the value added by industries of the Murchison Area and Tasmania were:

  • A larger percentage of value added by Mining (33.1% compared to 4.7%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (23.7% compared to 10.9%)
  • A smaller percentage of value added by Health Care and Social Assistance (5.1% compared to 15.4%)
  • A smaller percentage of value added by Financial and Insurance Services (1.8% compared to 8.1%)

Change in value added by industry sector, 2012/13 to 2017/18
Change in value added by industry sector, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Murchison Area: +$45.2 million Mining, Murchison Area: -$67.4 million Manufacturing, Murchison Area: -$4.8 million Electricity, Gas, Water and Waste Services, Murchison Area: -$3.5 million Construction, Murchison Area: +$32.5 million Wholesale Trade, Murchison Area: -$11.2 million Retail Trade, Murchison Area: +$8.9 million Accommodation and Food Services, Murchison Area: +$4.1 million Transport, Postal and Warehousing, Murchison Area: -$4.9 million Information Media and Telecommunications, Murchison Area: +$4.2 million Financial and Insurance Services, Murchison Area: +$7.4 million Rental, Hiring and Real Estate Services, Murchison Area: +$1.3 million Professional, Scientific and Technical Services, Murchison Area: +$0.7 million Administrative and Support Services, Murchison Area: +$4.4 million Public Administration and Safety, Murchison Area: +$6.5 million Education and Training, Murchison Area: +$6.6 million Health Care and Social Assistance, Murchison Area: +$11.9 million Arts and Recreation Services, Murchison Area: +$2.4 million Other Services, Murchison Area: -$0.8 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 Murchison Area increased by 43.4 million between 2012/13 and 2017/18.

The largest change in the value added by industries between 2012/13 and 2017/18 in the Murchison Area was for:

  • Mining (-$67 million)

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