Northern Tasmania RegionEconomic profile
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Northern Tasmania Region

Value added

In the Northern Tasmania Region, Health Care and Social Assistance is the most productive industry, generating $1,050 million in 2016/17.

Value added by industry is an indicator of business productivity in 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 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 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
Northern Tasmania Region - Constant prices2016/172011/12Change
Industry
(Click rows to view sub-categories)
$m%Tasmania%$m%Tasmania%2011/12 to 2016/17
Agriculture, Forestry and Fishing844.312.810.1752.512.19.5+91.7
Mining234.33.64.8222.23.65.5+12.0
Manufacturing502.87.67.0614.99.99.1-112.1
Electricity, Gas, Water and Waste Services177.62.73.5201.93.24.5-24.2
Construction392.76.06.3350.05.65.8+42.7
Wholesale Trade339.55.14.0270.24.33.7+69.3
Retail Trade405.46.15.6376.46.15.7+29.0
Accommodation and Food Services175.22.72.9205.93.33.3-30.7
Transport, Postal and Warehousing311.94.74.8324.75.24.9-12.8
Information Media and Telecommunications221.13.44.2180.92.93.7+40.1
Financial and Insurance Services593.49.07.6580.19.37.2+13.3
Rental, Hiring and Real Estate Services118.91.81.991.11.51.6+27.8
Professional, Scientific and Technical Services157.92.43.1151.32.43.3+6.6
Administrative and Support Services103.41.61.9133.42.12.0-30.0
Public Administration and Safety307.04.77.4312.85.07.1-5.8
Education and Training472.27.27.3477.07.77.4-4.8
Health Care and Social Assistance1,050.415.914.6801.812.912.6+248.6
Arts and Recreation Services67.41.01.156.90.91.2+10.5
Other Services119.71.81.8113.81.81.9+5.8

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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 2016/17
Value added by industry sector 2016/17 Agriculture, Forestry and Fishing, Tasmania: 10.1% Mining, Tasmania: 4.8% Manufacturing, Tasmania: 7.0% Electricity, Gas, Water and Waste Services, Tasmania: 3.5% Construction, Tasmania: 6.3% Wholesale Trade, Tasmania: 4.0% Retail Trade, Tasmania: 5.6% Accommodation and Food Services, Tasmania: 2.9% Transport, Postal and Warehousing, Tasmania: 4.8% Information Media and Telecommunications, Tasmania: 4.2% Financial and Insurance Services, Tasmania: 7.6% Rental, Hiring and Real Estate Services, Tasmania: 1.9% Professional, Scientific and Technical Services, Tasmania: 3.1% Administrative and Support Services, Tasmania: 1.9% Public Administration and Safety, Tasmania: 7.4% Education and Training, Tasmania: 7.3% Health Care and Social Assistance, Tasmania: 14.6% Arts and Recreation Services, Tasmania: 1.1% Other Services, Tasmania: 1.8% Agriculture, Forestry and Fishing, Northern Tasmania Region: 12.8% Mining, Northern Tasmania Region: 3.6% Manufacturing, Northern Tasmania Region: 7.6% Electricity, Gas, Water and Waste Services, Northern Tasmania Region: 2.7% Construction, Northern Tasmania Region: 6.0% Wholesale Trade, Northern Tasmania Region: 5.1% Retail Trade, Northern Tasmania Region: 6.1% Accommodation and Food Services, Northern Tasmania Region: 2.7% Transport, Postal and Warehousing, Northern Tasmania Region: 4.7% Information Media and Telecommunications, Northern Tasmania Region: 3.4% Financial and Insurance Services, Northern Tasmania Region: 9.0% Rental, Hiring and Real Estate Services, Northern Tasmania Region: 1.8% Professional, Scientific and Technical Services, Northern Tasmania Region: 2.4% Administrative and Support Services, Northern Tasmania Region: 1.6% Public Administration and Safety, Northern Tasmania Region: 4.7% Education and Training, Northern Tasmania Region: 7.2% Health Care and Social Assistance, Northern Tasmania Region: 15.9% Arts and Recreation Services, Northern Tasmania Region: 1.0% Other Services, Northern Tasmania Region: 1.8%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Northern Tasmania Region in 2016/17 shows the three largest industries were:

  • Health Care and Social Assistance ($1,050 million or 15.9%)
  • Agriculture, Forestry and Fishing ($844 million or 12.8%)
  • Financial and Insurance Services ($593 million or 9.0%)

In combination these three industries accounted for $2,488 million in total or 37.7% of the total value added by industry in the Northern Tasmania Region.

In comparison, the same 3 industries in Tasmania accounted for 14.6% in Health Care and Social Assistance; 10.1% in Agriculture, Forestry and Fishing; and 7.6% in Financial and Insurance Services.

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 (12.8% compared to 10.1%)
  • A larger percentage of value added by Financial and Insurance Services (9.0% compared to 7.6%)
  • A larger percentage of value added by Health Care and Social Assistance (15.9% compared to 14.6%)
  • A smaller percentage of value added by Public Administration and Safety (4.7% compared to 7.4%)

Change in value added by industry sector, 2011/12 to 2016/17
Change in value added by industry sector, 2011/12 to 2016/17 Agriculture, Forestry and Fishing, Northern Tasmania Region: +$91.7 million Mining, Northern Tasmania Region: +$12.0 million Manufacturing, Northern Tasmania Region: -$112.1 million Electricity, Gas, Water and Waste Services, Northern Tasmania Region: -$24.2 million Construction, Northern Tasmania Region: +$42.7 million Wholesale Trade, Northern Tasmania Region: +$69.3 million Retail Trade, Northern Tasmania Region: +$29.0 million Accommodation and Food Services, Northern Tasmania Region: -$30.7 million Transport, Postal and Warehousing, Northern Tasmania Region: -$12.8 million Information Media and Telecommunications, Northern Tasmania Region: +$40.1 million Financial and Insurance Services, Northern Tasmania Region: +$13.3 million Rental, Hiring and Real Estate Services, Northern Tasmania Region: +$27.8 million Professional, Scientific and Technical Services, Northern Tasmania Region: +$6.6 million Administrative and Support Services, Northern Tasmania Region: -$30.0 million Public Administration and Safety, Northern Tasmania Region: -$5.8 million Education and Training, Northern Tasmania Region: -$4.8 million Health Care and Social Assistance, Northern Tasmania Region: +$248.6 million Arts and Recreation Services, Northern Tasmania Region: +$10.5 million Other Services, Northern Tasmania Region: +$5.8 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the Northern Tasmania Region increased by 377.1 million between 2011/12 and 2016/17.

The largest changes in the value added by industries between 2011/12 and 2016/17 in the Northern Tasmania Region were for:

  • Health Care and Social Assistance (+$249 million)
  • Manufacturing (-$112 million)
  • Agriculture, Forestry and Fishing (+$92 million)
  • Wholesale Trade (+$69 million)

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