Northern Tasmania Region

economic profile

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Northern Tasmania Region

Value added

In the Northern Tasmania Region, Health Care and Social Assistance most productive industry, generating $1,208 million in 2019/20.

Value added by industry is an indicator of business productivity in the Northern Tasmania Region. 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 the Northern Tasmania Region’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 analysissection. 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.

Data source

National Economics (NIEIR) - Modelled series

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Value added by industry sector
Northern Tasmania Region2019/202014/15Change
Industry$m%. Tasmania$m%. Tasmania2014/15 - 2019/20
Agriculture, Forestry and Fishing982.913.39.9910.913.310.6+72.0
Mining434.75.94.3365.25.34.7+69.5
Manufacturing631.68.57.2648.59.58.3-17.0
Electricity, Gas, Water and Waste Services188.02.53.6186.42.74.1+1.6
Construction476.56.47.8486.27.17.8-9.7
Wholesale Trade327.14.43.6306.34.53.6+20.9
Retail Trade413.05.65.5396.25.85.5+16.8
Accommodation and Food Services175.62.42.6190.12.83.0-14.4
Transport, Postal and Warehousing296.94.04.5293.04.34.4+3.9
Information Media and Telecommunications202.62.73.6165.62.43.2+37.0
Financial and Insurance Services547.17.46.6553.88.16.6-6.8
Rental, Hiring and Real Estate Services143.11.92.1116.81.71.9+26.3
Professional, Scientific and Technical Services194.42.63.6169.52.53.3+24.9
Administrative and Support Services126.11.72.0123.31.82.0+2.8
Public Administration and Safety361.54.98.0333.04.97.6+28.5
Education and Training478.76.56.9470.56.97.0+8.2
Health Care and Social Assistance1,207.816.315.1922.513.513.3+285.3
Arts and Recreation Services64.80.91.170.81.01.2-6.0
Other Services146.92.02.0125.91.81.9+20.9
Total industries7,399.3100.0100.06,834.7100.0100.0+564.6

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id informed decisions. NIEIR-ID data are adjusted each year, using updated employment estimates. Each release may change previous years’ figures. Learn more

Please refer to specific data notes for more information
Did you know? By clicking/tapping on a category in the chart below you will be able to drilldown to the sub categories.
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Dominant groups

An analysis of the valued added by industry sectors in the Northern Tasmania Region in 2019/20 shows the three largest industries were:

  • Health Care and Social Assistance (1,208 million or 16.3%)
  • Agriculture, Forestry and Fishing (983 million or 13.3%)
  • Manufacturing (632 million or 8.5%)

In combination these three industries accounted for 2,822 million in total or 38.1% of the total value added by industry in the the Northern Tasmania Region.

In comparison, the same 3 industries in Tasmania accounted for 15.1% in Health Care and Social Assistance; 9.9% in Agriculture, Forestry and Fishing and 7.2% in Manufacturing.

The major differences between the value added by industries of the Northern Tasmania Region and Tasmania were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (13.3% compared to 9.9%)
  • A smaller percentage of value added by Public Administration and Safety (4.9% compared to 8.0%)
  • A larger percentage of value added by Mining (5.9% compared to 4.3%)
  • A smaller percentage of value added by Construction (6.4% compared to 7.8%)

Emerging groups

The total value added by industry in the Northern Tasmania Region $increased by 565 million between 2014/15 and 2019/20.

The largest changes in the value added by industries between 2014/15 and 2019/20 in the Northern Tasmania Region were for:

  • Health Care and Social Assistance (+$285 million)
  • Agriculture, Forestry and Fishing (+$72 million)
  • Mining (+$69 million)
  • Information Media and Telecommunications (+$37 million)

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Northern Tasmania Region

economic profile