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Meander Valley Council area

Value added

In Meander Valley Council area, Agriculture, Forestry and Fishing is the most productive industry, generating $229 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
Meander Valley 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 Fishing229.432.317.5188.631.515.9+40.8
Mining14.52.07.76.31.18.5+8.2
Manufacturing79.511.28.885.114.210.5-5.6
Electricity, Gas, Water and Waste Services8.01.11.97.71.32.7+0.3
Construction44.66.35.745.67.65.9-1.1
Wholesale Trade23.43.33.723.53.94.1-0.1
Retail Trade46.66.65.529.64.95.3+17.0
Accommodation and Food Services18.12.52.722.13.72.9-4.1
Transport, Postal and Warehousing16.52.34.218.93.25.5-2.4
Information Media and Telecommunications6.91.02.53.70.62.2+3.3
Financial and Insurance Services11.31.66.410.61.85.8+0.6
Rental, Hiring and Real Estate Services5.10.71.65.91.01.3-0.8
Professional, Scientific and Technical Services9.41.32.08.61.42.0+0.8
Administrative and Support Services8.51.21.79.51.61.9-1.0
Public Administration and Safety26.43.74.323.23.94.3+3.1
Education and Training24.33.46.324.74.16.5-0.4
Health Care and Social Assistance94.313.314.654.59.112.3+39.7
Arts and Recreation Services34.44.90.922.43.70.8+12.1
Other Services8.41.21.87.31.21.7+1.0

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, Meander Valley Council area: 32.3% Mining, Meander Valley Council area: 2.0% Manufacturing, Meander Valley Council area: 11.2% Electricity, Gas, Water and Waste Services, Meander Valley Council area: 1.1% Construction, Meander Valley Council area: 6.3% Wholesale Trade, Meander Valley Council area: 3.3% Retail Trade, Meander Valley Council area: 6.6% Accommodation and Food Services, Meander Valley Council area: 2.5% Transport, Postal and Warehousing, Meander Valley Council area: 2.3% Information Media and Telecommunications, Meander Valley Council area: 1.0% Financial and Insurance Services, Meander Valley Council area: 1.6% Rental, Hiring and Real Estate Services, Meander Valley Council area: 0.7% Professional, Scientific and Technical Services, Meander Valley Council area: 1.3% Administrative and Support Services, Meander Valley Council area: 1.2% Public Administration and Safety, Meander Valley Council area: 3.7% Education and Training, Meander Valley Council area: 3.4% Health Care and Social Assistance, Meander Valley Council area: 13.3% Arts and Recreation Services, Meander Valley Council area: 4.9% Other Services, Meander Valley Council area: 1.2%
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 Meander Valley Council area in 2017/18 shows the three largest industries were:

  • Agriculture, Forestry and Fishing ($229 million or 32.3%)
  • Health Care and Social Assistance ($94 million or 13.3%)
  • Manufacturing ($80 million or 11.2%)

In combination these three industries accounted for $403 million in total or 56.8% of the total value added by industry in Meander Valley Council area.

In comparison, the same 3 industries in Regional TAS accounted for 17.5% in Agriculture, Forestry and Fishing; 14.6% in Health Care and Social Assistance; and 8.8% in Manufacturing.

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

  • A larger percentage of value added by Agriculture, Forestry and Fishing (32.3% compared to 17.5%)
  • A larger percentage of value added by Arts and Recreation Services (4.9% compared to 0.9%)
  • A smaller percentage of value added by Mining (2.0% compared to 7.7%)
  • A smaller percentage of value added by Financial and Insurance Services (1.6% compared to 6.4%)

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, Meander Valley Council area: +$40.8 million Mining, Meander Valley Council area: +$8.2 million Manufacturing, Meander Valley Council area: -$5.6 million Electricity, Gas, Water and Waste Services, Meander Valley Council area: +$0.3 million Construction, Meander Valley Council area: -$1.1 million Wholesale Trade, Meander Valley Council area: -$0.1 million Retail Trade, Meander Valley Council area: +$17.0 million Accommodation and Food Services, Meander Valley Council area: -$4.1 million Transport, Postal and Warehousing, Meander Valley Council area: -$2.4 million Information Media and Telecommunications, Meander Valley Council area: +$3.3 million Financial and Insurance Services, Meander Valley Council area: +$0.6 million Rental, Hiring and Real Estate Services, Meander Valley Council area: -$0.8 million Professional, Scientific and Technical Services, Meander Valley Council area: +$0.8 million Administrative and Support Services, Meander Valley Council area: -$1.0 million Public Administration and Safety, Meander Valley Council area: +$3.1 million Education and Training, Meander Valley Council area: -$0.4 million Health Care and Social Assistance, Meander Valley Council area: +$39.7 million Arts and Recreation Services, Meander Valley Council area: +$12.1 million Other Services, Meander Valley Council area: +$1.0 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 Meander Valley Council area increased by 111.7 million between 2012/13 and 2017/18.

There were no major changes in the value added by industries between 2012/13 and 2017/18 in Meander Valley Council area.

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