City of Port Phillip
In City of Port Phillip, Rental, Hiring and Real Estate Services had the largest output by industry, generating $5,823 million in 2017/18.
Output by industry is a gross measure of the total sales of each industry sector in City of Port Phillip. It does not measure how productive each industry sector is at producing this output - which is measured by value added.
By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of City of Port Phillip’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.
Detailed data notes about how the figures are derived can be found in the specific topic notes section.
The gross measure of output includes the value of all the inputs to each industry.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|City of Port Phillip - Constant prices||2017/18||2012/13||Change|
|Industry (Click rows to view sub-categories)||$m||%||Victoria%||$m||%||Victoria%||2012/13 to 2017/18|
|Agriculture, Forestry and Fishing||101.9||0.4||2.4||78.3||0.3||2.7||+23.6||23000||P|
|Electricity, Gas, Water and Waste Services||208.6||0.7||3.5||268.8||1.0||4.4||-60.2||23300||P|
|Accommodation and Food Services||854.6||3.0||2.7||648.7||2.5||2.3||+205.9||23700||P|
|Transport, Postal and Warehousing||1,372.6||4.8||5.8||1,496.4||5.8||6.8||-123.9||23800||P|
|Information Media and Telecommunications||1,502.3||5.2||3.9||1,254.5||4.9||3.3||+247.8||23900||P|
|Financial and Insurance Services||3,331.3||11.6||8.5||3,235.1||12.6||8.5||+96.2||24000||P|
|Rental, Hiring and Real Estate Services||5,822.7||20.3||10.8||4,179.9||16.3||9.2||+1,642.9||24100||P|
|Professional, Scientific and Technical Services||4,914.9||17.1||8.1||4,377.3||17.1||7.6||+537.6||24200||P|
|Administrative and Support Services||1,385.0||4.8||3.0||1,315.9||5.1||2.9||+69.1||24300||P|
|Public Administration and Safety||536.0||1.9||4.0||658.6||2.6||4.3||-122.6||24400||P|
|Education and Training||471.7||1.6||3.7||362.9||1.4||3.8||+108.8||24500||P|
|Health Care and Social Assistance||819.2||2.8||5.3||558.0||2.2||4.3||+261.2||24600||P|
|Arts and Recreation Services||708.7||2.5||1.7||744.1||2.9||1.6||-35.5||24700||P|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2018. Compiled and presented in economy.id by .id (opens a new window), 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
An analysis of the output by industry sectors in City of Port Phillip in 2017/18 shows the three largest industries were:
- Rental, Hiring and Real Estate Services (5,823 million or 20.3%)
- Professional, Scientific and Technical Services (4,915 million or 17.1%)
- Financial and Insurance Services (3,331 million or 11.6%)
In combination these three industries accounted for $14,069 million in total or 48.9% of the total output by total industry in City of Port Phillip.
In comparison, the same 3 industries in Victoria accounted for 10.8% in Rental, Hiring and Real Estate Services; 8.1% in Professional, Scientific and Technical Services; and 8.5% in Financial and Insurance Services.
The major differences between output by industries in City of Port Phillip and Victoria were:
- A larger percentage of output by Rental, Hiring and Real Estate Services (20.3% compared to 10.8%)
- A larger percentage of output by Professional, Scientific and Technical Services (17.1% compared to 8.1%)
- A smaller percentage of output by Manufacturing (5.0% compared to 11.9%)
- A smaller percentage of output by Construction (8.3% compared to 12.5%)
The total industry output in City of Port Phillip increased by $3,081.9 million between 2012/13 and 2017/18.
The largest changes in the output by industries between 2012/13 and 2017/18 in City of Port Phillip were for:
- Rental, Hiring and Real Estate Services (+$1,643 million)
- Professional, Scientific and Technical Services (+$538 million)
- Health Care and Social Assistance (+$261 million)
- Information Media and Telecommunications (+$248 million)