Northern Tasmania RegionEconomic profile
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George Town Council area

Value added

In George Town Council area, Mining is the most productive industry, generating $91 million in 2017/18.

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
George Town Council area - Constant prices2017/182012/13Change
Industry
(Click rows to view sub-categories)
$m%Regional TAS%$m%Regional TAS%2012/13 to 2017/18
Agriculture, Forestry and Fishing33.910.917.527.310.415.9+6.6
Mining91.529.57.726.310.08.5+65.1
Manufacturing68.322.18.884.132.010.5-15.8
Electricity, Gas, Water and Waste Services7.42.41.913.15.02.7-5.7
Construction6.52.15.711.14.25.9-4.6
Wholesale Trade6.82.23.75.52.14.1+1.3
Retail Trade7.62.55.58.43.25.3-0.8
Accommodation and Food Services3.71.22.74.11.62.9-0.4
Transport, Postal and Warehousing17.05.54.229.011.05.5-12.0
Information Media and Telecommunications9.23.02.51.90.72.2+7.3
Financial and Insurance Services9.63.16.44.61.85.8+5.0
Rental, Hiring and Real Estate Services1.70.51.61.90.71.3-0.2
Professional, Scientific and Technical Services2.40.82.01.40.52.0+1.0
Administrative and Support Services4.71.51.74.91.91.9-0.2
Public Administration and Safety7.52.44.39.33.54.3-1.9
Education and Training12.54.06.311.34.36.5+1.2
Health Care and Social Assistance16.75.414.615.65.912.3+1.1
Arts and Recreation Services0.30.10.90.90.30.8-0.6
Other Services2.50.81.82.00.81.7+0.5

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

Value added by industry sector 2017/18
Value added by industry sector 2017/18 Agriculture, Forestry and Fishing, Regional TAS: 17.5% Mining, Regional TAS: 7.7% Manufacturing, Regional TAS: 8.8% Electricity, Gas, Water and Waste Services, Regional TAS: 1.9% Construction, Regional TAS: 5.7% Wholesale Trade, Regional TAS: 3.7% Retail Trade, Regional TAS: 5.5% Accommodation and Food Services, Regional TAS: 2.7% Transport, Postal and Warehousing, Regional TAS: 4.2% Information Media and Telecommunications, Regional TAS: 2.5% Financial and Insurance Services, Regional TAS: 6.4% Rental, Hiring and Real Estate Services, Regional TAS: 1.6% Professional, Scientific and Technical Services, Regional TAS: 2.0% Administrative and Support Services, Regional TAS: 1.7% Public Administration and Safety, Regional TAS: 4.3% Education and Training, Regional TAS: 6.3% Health Care and Social Assistance, Regional TAS: 14.6% Arts and Recreation Services, Regional TAS: 0.9% Other Services, Regional TAS: 1.8% Agriculture, Forestry and Fishing, George Town Council area: 10.9% Mining, George Town Council area: 29.5% Manufacturing, George Town Council area: 22.1% Electricity, Gas, Water and Waste Services, George Town Council area: 2.4% Construction, George Town Council area: 2.1% Wholesale Trade, George Town Council area: 2.2% Retail Trade, George Town Council area: 2.5% Accommodation and Food Services, George Town Council area: 1.2% Transport, Postal and Warehousing, George Town Council area: 5.5% Information Media and Telecommunications, George Town Council area: 3.0% Financial and Insurance Services, George Town Council area: 3.1% Rental, Hiring and Real Estate Services, George Town Council area: 0.5% Professional, Scientific and Technical Services, George Town Council area: 0.8% Administrative and Support Services, George Town Council area: 1.5% Public Administration and Safety, George Town Council area: 2.4% Education and Training, George Town Council area: 4.0% Health Care and Social Assistance, George Town Council area: 5.4% Arts and Recreation Services, George Town Council area: 0.1% Other Services, George Town Council area: 0.8%
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 valued added by industry sectors in George Town Council area in 2017/18 shows the three largest industries were:

  • Mining ($91 million or 29.5%)
  • Manufacturing ($68 million or 22.1%)
  • Agriculture, Forestry and Fishing ($34 million or 10.9%)

In combination these three industries accounted for $194 million in total or 62.6% of the total value added by industry in George Town Council area.

In comparison, the same 3 industries in Regional TAS accounted for 7.7% in Mining; 8.8% in Manufacturing; and 17.5% in Agriculture, Forestry and Fishing.

The major differences between the value added by industries of George Town Council area and Regional TAS were:

  • A larger percentage of value added by Mining (29.5% compared to 7.7%)
  • A larger percentage of value added by Manufacturing (22.1% compared to 8.8%)
  • A smaller percentage of value added by Health Care and Social Assistance (5.4% compared to 14.6%)
  • A smaller percentage of value added by Agriculture, Forestry and Fishing (10.9% compared to 17.5%)

Change in value added by industry sector, 2012/13 to 2017/18
Change in value added by industry sector, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, George Town Council area: +$6.6 million Mining, George Town Council area: +$65.1 million Manufacturing, George Town Council area: -$15.8 million Electricity, Gas, Water and Waste Services, George Town Council area: -$5.7 million Construction, George Town Council area: -$4.6 million Wholesale Trade, George Town Council area: +$1.3 million Retail Trade, George Town Council area: -$0.8 million Accommodation and Food Services, George Town Council area: -$0.4 million Transport, Postal and Warehousing, George Town Council area: -$12.0 million Information Media and Telecommunications, George Town Council area: +$7.3 million Financial and Insurance Services, George Town Council area: +$5.0 million Rental, Hiring and Real Estate Services, George Town Council area: -$0.2 million Professional, Scientific and Technical Services, George Town Council area: +$1.0 million Administrative and Support Services, George Town Council area: -$0.2 million Public Administration and Safety, George Town Council area: -$1.9 million Education and Training, George Town Council area: +$1.2 million Health Care and Social Assistance, George Town Council area: +$1.1 million Arts and Recreation Services, George Town Council area: -$0.6 million Other Services, George Town Council area: +$0.5 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in George Town Council area increased by 46.8 million between 2012/13 and 2017/18.

The largest change in the value added by industries between 2012/13 and 2017/18 in George Town Council area was for:

  • Mining (+$65 million)

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