Northern Tasmania Region

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George Town Council area

Value added

In the George Town Council area, Mining most productive industry, generating $64 million in 2018/19.

Value added by industry is an indicator of business productivity in the George Town Council area. 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 George Town Council area’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:
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Value added by industry sector
George Town Council area2018/192013/14Change
Industry$m%. Tasmania$m%. Tasmania2013/14 - 2018/19
Agriculture, Forestry and Fishing48.915.912.126.29.610.6+22.7
Electricity, Gas, Water and Waste Services9.43.13.512.44.54.3-2.9
Wholesale Trade10.
Retail Trade7.
Accommodation and Food Services4.
Transport, Postal and Warehousing22.07.24.626.29.64.5-4.2
Information Media and Telecommunications10.
Financial and Insurance Services8.
Rental, Hiring and Real Estate Services2.
Professional, Scientific and Technical Services2.
Administrative and Support Services6.
Public Administration and Safety7.
Education and Training12.
Health Care and Social Assistance17.05.514.615.45.713.5+1.5
Arts and Recreation Services0.
Other Services2.
Total industries307.1100.0100.0272.2100.0100.0+34.9

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
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Dominant groups

An analysis of the valued added by industry sectors in the George Town Council area in 2018/19 shows the three largest industries were:

  • Mining (64 million or 20.8%)
  • Manufacturing (59 million or 19.4%)
  • Agriculture, Forestry and Fishing (49 million or 15.9%)

In combination these three industries accounted for 172 million in total or 56.1% of the total value added by industry in the the George Town Council area.

In comparison, the same 3 industries in Tasmania accounted for 3.7% in Mining; 6.9% in Manufacturing and 12.1% in Agriculture, Forestry and Fishing.

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

  • A larger percentage of value added by Mining (20.8% compared to 3.7%)
  • A larger percentage of value added by Manufacturing (19.4% compared to 6.9%)
  • A smaller percentage of value added by Health Care and Social Assistance (5.5% compared to 14.6%)
  • A smaller percentage of value added by Public Administration and Safety (2.5% compared to 6.6%)

Emerging groups

The total value added by industry in the George Town Council area $increased by 35 million between 2013/14 and 2018/19.

The largest changes in the value added by industries between 2013/14 and 2018/19 in the George Town Council area were for:

  • Mining (+$37 million)
  • Agriculture, Forestry and Fishing (+$23 million)
  • Information Media and Telecommunications (+$8 million)
  • Wholesale Trade (+$4 million)

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Northern Tasmania Region

economic profile