In the Murchison Area, Financial and Insurance Services had the highest productivity by industry, generating $352,641 per worker in 2017/18.
Worker productivity by industry is calculated by dividing the industry value add by the number of persons employed in that industry. It shows which industries generate the most value add per employee. Some industry sectors, such as retail trade, are not highly productive per worker, but they employ a lot of people. Other industries, such as mining, employ fewer people but generate high levels of productivity. Each plays an important role in the economy.
Worker productivity data should be viewed in conjunction with Employment by industry (Total) and Employment by industry (FTE), to see the relative size of employment in each industry, and with Local workers income to see how many local workers are actually each in each industry, and with Sources of income data to see whether employment is the main way income is derived.
Detailed notes about how the figures are derived can be found in the specific topic notes section.
National Economics (NIEIR) - Modelled series
|Productivity per worker (annual) by industry|
|Murchison Area - Constant prices||2017/18||2012/13||Change|
|Industry (Click rows to view sub-categories)||$||Tasmania $||$||Tasmania $||2012/13 to 2017/18|
|Agriculture, Forestry and Fishing||216,449||198,467||224,973||197,359||P||23000||-8,524|
|Electricity, Gas, Water and Waste Services||158,679||189,640||197,437||227,665||P||23300||-38,758|
|Accommodation and Food Services||48,899||38,556||41,289||41,420||P||23700||+7,610|
|Transport, Postal and Warehousing||84,297||91,105||89,428||104,696||P||23800||-5,131|
|Information Media and Telecommunications||176,866||243,180||151,217||199,827||P||23900||+25,649|
|Financial and Insurance Services||352,641||387,355||284,287||290,513||P||24000||+68,354|
|Rental, Hiring and Real Estate Services||103,344||143,162||79,378||119,799||P||24100||+23,966|
|Professional, Scientific and Technical Services||58,686||66,315||52,605||68,244||P||24200||+6,081|
|Administrative and Support Services||65,686||65,271||63,416||70,809||P||24300||+2,270|
|Public Administration and Safety||92,655||99,320||72,137||84,412||P||24400||+20,518|
|Education and Training||63,964||75,549||62,109||82,127||P||24500||+1,855|
|Health Care and Social Assistance||96,474||106,409||94,968||106,993||P||24600||+1,505|
|Arts and Recreation Services||52,206||52,351||56,489||56,754||P||24700||-4,284|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2018. Compiled and presented in economy.id by .id (opens a new window), 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
An analysis of the worker productivity by industry sectors in Murchison Area in 2017/18 shows the three highest industries were:
- Financial and Insurance Services ($352,641)
- Mining ($315,633)
- Agriculture, Forestry and Fishing ($216,449)
In comparison, the same 3 industries in Tasmania were for $387,355 in Financial and Insurance Services; $336,288 in Mining; and $198,467 in Agriculture, Forestry and Fishing.
The major differences between worker productivity by industries in the Murchison Area and Tasmania were:
- Higher worker productivity in Construction ($120,143 compared to $58,374)
- Lower worker productivity in Information Media and Telecommunications ($176,866 compared to $243,180)
- Lower worker productivity in Rental, Hiring and Real Estate Services ($103,344 compared to $143,162)
- Lower worker productivity in Financial and Insurance Services ($352,641 compared to $387,355)
The total worker productivity by industry in the Murchison Area increased by $7,062 between 2012/13 and 2017/18.
The largest changes in worker productivity by industries between 2012/13 and 2017/18 in the Murchison Area were for:
- Financial and Insurance Services (+$68,354)
- Mining (+$51,316)
- Construction (+$39,128)
- Electricity, Gas, Water and Waste Services (-$38,758)