Murchison AreaEconomic profile
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Murchison Area

Worker productivity

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

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Productivity per worker (annual) by industry
Murchison Area - Constant prices2017/182012/13Change
Industry
(Click rows to view sub-categories)
$Tasmania $$Tasmania $2012/13 to 2017/18
Agriculture, Forestry and Fishing216,449198,467224,973197,359-8,524
Mining315,633336,288264,317285,254+51,316
Manufacturing98,08298,752100,48595,821-2,403
Electricity, Gas, Water and Waste Services158,679189,640197,437227,665-38,758
Construction120,14358,37481,01570,831+39,128
Wholesale Trade125,677147,748114,498116,824+11,180
Retail Trade52,07651,75244,90250,297+7,174
Accommodation and Food Services48,89938,55641,28941,420+7,610
Transport, Postal and Warehousing84,29791,10589,428104,696-5,131
Information Media and Telecommunications176,866243,180151,217199,827+25,649
Financial and Insurance Services352,641387,355284,287290,513+68,354
Rental, Hiring and Real Estate Services103,344143,16279,378119,799+23,966
Professional, Scientific and Technical Services58,68666,31552,60568,244+6,081
Administrative and Support Services65,68665,27163,41670,809+2,270
Public Administration and Safety92,65599,32072,13784,412+20,518
Education and Training63,96475,54962,10982,127+1,855
Health Care and Social Assistance96,474106,40994,968106,993+1,505
Arts and Recreation Services52,20652,35156,48956,754-4,284
Other Services43,53548,60743,62849,087-94

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

Productivity per worker (annual) by industry 2017/18
Productivity per worker (annual) by industry 2017/18 Agriculture, Forestry and Fishing, Tasmania: $198,467 Mining, Tasmania: $336,288 Manufacturing, Tasmania: $98,752 Electricity, Gas, Water and Waste Services, Tasmania: $189,640 Construction, Tasmania: $58,374 Wholesale Trade, Tasmania: $147,748 Retail Trade, Tasmania: $51,752 Accommodation and Food Services, Tasmania: $38,556 Transport, Postal and Warehousing, Tasmania: $91,105 Information Media and Telecommunications, Tasmania: $243,180 Financial and Insurance Services, Tasmania: $387,355 Rental, Hiring and Real Estate Services, Tasmania: $143,162 Professional, Scientific and Technical Services, Tasmania: $66,315 Administrative and Support Services, Tasmania: $65,271 Public Administration and Safety, Tasmania: $99,320 Education and Training, Tasmania: $75,549 Health Care and Social Assistance, Tasmania: $106,409 Arts and Recreation Services, Tasmania: $52,351 Other Services, Tasmania: $48,607 Agriculture, Forestry and Fishing, Murchison Area: $216,449 Mining, Murchison Area: $315,633 Manufacturing, Murchison Area: $98,082 Electricity, Gas, Water and Waste Services, Murchison Area: $158,679 Construction, Murchison Area: $120,143 Wholesale Trade, Murchison Area: $125,677 Retail Trade, Murchison Area: $52,076 Accommodation and Food Services, Murchison Area: $48,899 Transport, Postal and Warehousing, Murchison Area: $84,297 Information Media and Telecommunications, Murchison Area: $176,866 Financial and Insurance Services, Murchison Area: $352,641 Rental, Hiring and Real Estate Services, Murchison Area: $103,344 Professional, Scientific and Technical Services, Murchison Area: $58,686 Administrative and Support Services, Murchison Area: $65,686 Public Administration and Safety, Murchison Area: $92,655 Education and Training, Murchison Area: $63,964 Health Care and Social Assistance, Murchison Area: $96,474 Arts and Recreation Services, Murchison Area: $52,206 Other Services, Murchison Area: $43,535
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Change in productivity per worker (annual) by industry, 2012/13 to 2017/18
Change in productivity per worker (annual) by industry, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Murchison Area: -$8,524 Mining, Murchison Area: +$51,316 Manufacturing, Murchison Area: -$2,403 Electricity, Gas, Water and Waste Services, Murchison Area: -$38,758 Construction, Murchison Area: +$39,128 Wholesale Trade, Murchison Area: +$11,180 Retail Trade, Murchison Area: +$7,174 Accommodation and Food Services, Murchison Area: +$7,610 Transport, Postal and Warehousing, Murchison Area: -$5,131 Information Media and Telecommunications, Murchison Area: +$25,649 Financial and Insurance Services, Murchison Area: +$68,354 Rental, Hiring and Real Estate Services, Murchison Area: +$23,966 Professional, Scientific and Technical Services, Murchison Area: +$6,081 Administrative and Support Services, Murchison Area: +$2,270 Public Administration and Safety, Murchison Area: +$20,518 Education and Training, Murchison Area: +$1,855 Health Care and Social Assistance, Murchison Area: +$1,505 Arts and Recreation Services, Murchison Area: -$4,284 Other Services, Murchison Area: -$94
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 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)

Emerging groups

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)

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