Output by industry is a gross measure of the total sales of each industry sector in City of Port Phillip. It does not measure how productive each industry sector is at producing this output - which is measured by value added.
By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of City of Port Phillip’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 get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.
Detailed data notes about how the figures are derived can be found in the specific topic notes section.
The gross measure of output includes the value of all the inputs to each industry.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|City of Port Phillip||2020/21||2015/16||Change|
|Industry||$m||%||Victoria||$m||%||Victoria||2015/16 - 2020/21|
|Agriculture, Forestry and Fishing||131.9||0.4||2.9||150.5||0.5||2.7||-18.6|
|Electricity, Gas, Water and Waste Services||176.9||0.6||3.5||231.6||0.8||3.8||-54.8|
|Accommodation and Food Services||878.2||3.0||2.2||798.3||2.9||2.5||+79.9|
|Transport, Postal and Warehousing||1,713.0||5.8||5.2||1,494.4||5.4||5.8||+218.5|
|Information Media and Telecommunications||1,806.2||6.2||3.9||1,232.6||4.4||3.1||+573.7|
|Financial and Insurance Services||3,962.6||13.5||9.2||3,348.2||12.0||8.5||+614.4|
|Rental, Hiring and Real Estate Services||3,948.7||13.5||7.6||4,534.3||16.2||8.5||-585.6|
|Professional, Scientific and Technical Services||5,367.4||18.3||8.4||4,700.2||16.8||7.8||+667.2|
|Administrative and Support Services||1,407.2||4.8||3.2||1,539.0||5.5||3.3||-131.9|
|Public Administration and Safety||632.9||2.2||4.7||583.4||2.1||4.1||+49.5|
|Education and Training||537.4||1.8||4.3||512.3||1.8||4.1||+25.1|
|Health Care and Social Assistance||1,149.1||3.9||6.5||889.3||3.2||5.7||+259.7|
|Arts and Recreation Services||826.7||2.8||1.7||828.8||3.0||1.8||-2.1|
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2019/20 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 morePlease refer to specific data notes for more information
An analysis of the output by industry sectors in City of Port Phillip in 2020/21 shows the three largest industries were:
- Professional, Scientific and Technical Services ($5,367 million or 18.3%)
- Financial and Insurance Services ($3,963 million or 13.5%)
- Rental, Hiring and Real Estate Services ($3,949 million or 13.5%)
In combination these three industries accounted for $13,279 million in total or 45.3% of the total output by total industry in the City of Port Phillip.
In comparison, the same 3 industries in Victoria accounted for 8.4% in Professional, Scientific and Technical Services; 9.2% in Financial and Insurance Services and 7.6% in Rental, Hiring and Real Estate Services.
The major differences between output by industries of City of Port Phillip and Victoria were:
- A larger percentage of output by Professional, Scientific and Technical Services (18.3% compared to 8.4%)
- A smaller percentage of output by Manufacturing (5.0% compared to 11.6%)
- A larger percentage of output by Rental, Hiring and Real Estate Services (13.5% compared to 7.6%)
- A smaller percentage of output by Construction (8.9% compared to 13.5%)
The total industry output in City of Port Phillip increased by $1,400 million between 2015/16 and 2020/21.
The largest changes in the output by industries between 2015/16 and 2020/21 in City of Port Phillip were for:
- Professional, Scientific and Technical Services (+$667 million)
- Financial and Insurance Services (+$614 million)
- Information Media and Telecommunications (+$574 million)
- Construction (+$345 million)