Northern Tasmania Region

economic profile

northern-tasmania logo

City of Launceston

Value added

In the City of Launceston, Health Care and Social Assistance most productive industry, generating $844 million in 2018/19.

Value added by industry is an indicator of business productivity in the City of Launceston. 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 City of Launceston’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

Current area:
Current benchmark:
Comparison year:
Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
  • Excel
  • Excel full
  • Word
  • Word full
Value added by industry sector
City of Launceston2018/192013/14Change
Industry$m%. Tasmania$m%. Tasmania2013/14 - 2018/19
Agriculture, Forestry and Fishing139.83.412.1113.23.010.6+26.6
Electricity, Gas, Water and Waste Services114.22.83.5138.73.64.3-24.5
Wholesale Trade205.05.03.5191.05.03.8+13.9
Retail Trade274.46.75.4268.07.05.4+6.4
Accommodation and Food Services131.53.23.0120.13.13.0+11.4
Transport, Postal and Warehousing158.23.94.6153.54.04.5+4.7
Information Media and Telecommunications191.74.74.2154.64.03.6+37.1
Financial and Insurance Services476.711.76.5488.412.76.7-11.7
Rental, Hiring and Real Estate Services100.
Professional, Scientific and Technical Services137.63.43.4127.33.33.3+10.2
Administrative and Support Services81.
Public Administration and Safety211.35.26.6227.75.97.3-16.4
Education and Training364.68.97.0355.49.37.3+9.1
Health Care and Social Assistance844.220.714.6695.018.113.5+149.1
Arts and Recreation Services26.
Other Services98.42.41.992.12.42.0+6.3
Total industries4,078.7100.0100.03,834.7100.0100.0+243.9

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in by .id the population experts. 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.
loading animation
loading animation

Dominant groups

An analysis of the valued added by industry sectors in the City of Launceston in 2018/19 shows the three largest industries were:

  • Health Care and Social Assistance (844 million or 20.7%)
  • Financial and Insurance Services (477 million or 11.7%)
  • Education and Training (365 million or 8.9%)

In combination these three industries accounted for 1,685 million in total or 41.3% of the total value added by industry in the the City of Launceston.

In comparison, the same 3 industries in Tasmania accounted for 14.6% in Health Care and Social Assistance; 6.5% in Financial and Insurance Services and 7.0% in Education and Training.

The major differences between the value added by industries of the City of Launceston and Tasmania were:

  • A smaller percentage of value added by Agriculture, Forestry and Fishing (3.4% compared to 12.1%)
  • A larger percentage of value added by Health Care and Social Assistance (20.7% compared to 14.6%)
  • A larger percentage of value added by Financial and Insurance Services (11.7% compared to 6.5%)
  • A smaller percentage of value added by Construction (5.0% compared to 7.8%)

Emerging groups

The total value added by industry in the City of Launceston $increased by 244 million between 2013/14 and 2018/19.

The largest changes in the value added by industries between 2013/14 and 2018/19 in the City of Launceston were for:

  • Health Care and Social Assistance (+$149 million)
  • Information Media and Telecommunications (+$37 million)
  • Agriculture, Forestry and Fishing (+$27 million)
  • Rental, Hiring and Real Estate Services (+$23 million)

To continue building your economic story go to...

Northern Tasmania Region

economic profile