City of Port Phillip

Value added

In City of Port Phillip, Professional, Scientific and Technical Services most productive industry, generating $2,783 million in 2020/21.

Value added by industry is an indicator of business productivity in City of Port Phillip. 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 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 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 benchmark:
Comparison year:
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Value added by industry sector
City of Port Phillip2020/212015/16Change
Industry$m%. Victoria$m%. Victoria2015/16 - 2020/21
Agriculture, Forestry and Fishing53.10.42.671.70.62.9-18.6
Electricity, Gas, Water and Waste Services70.
Wholesale Trade640.75.06.0774.86.35.9-134.1
Retail Trade519.54.05.7502.84.15.8+16.7
Accommodation and Food Services346.42.72.0334.42.72.3+12.0
Transport, Postal and Warehousing741.15.85.1713.15.86.0+28.0
Information Media and Telecommunications742.35.83.4562.74.63.0+179.6
Financial and Insurance Services2,069.916.111.31,865.415.211.1+204.5
Rental, Hiring and Real Estate Services726.55.63.1804.76.63.3-78.2
Professional, Scientific and Technical Services2,783.221.69.82,316.418.98.5+466.7
Administrative and Support Services845.26.64.2890.17.34.1-44.9
Public Administration and Safety378.32.96.3361.12.95.6+17.3
Education and Training351.32.76.5352.02.96.4-0.6
Health Care and Social Assistance814.16.39.8614.55.08.5+199.6
Arts and Recreation Services262.52.01.2276.42.31.3-13.9
Other Services235.41.81.8286.82.32.1-51.4
Total industries12,882.0100.0100.012,244.1100.0100.0+638.0

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in by .id (informed decisions). 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
Did you know? By clicking/tapping on a category in the chart below you will be able to drilldown to the sub categories.
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Dominant groups

An analysis of the valued added by industry sectors in City of Port Phillip in 2020/21 shows the three largest industries were:

  • Professional, Scientific and Technical Services (2,783 million or 21.6%)
  • Financial and Insurance Services (2,070 million or 16.1%)
  • Administrative and Support Services (845 million or 6.6%)

In combination these three industries accounted for 5,698 million in total or 44.2% of the total value added by industry in the City of Port Phillip.

In comparison, the same 3 industries in Victoria accounted for 9.8% in Professional, Scientific and Technical Services; 11.3% in Financial and Insurance Services and 4.2% in Administrative and Support Services.

The major differences between the value added by industries of City of Port Phillip and Victoria were:

  • A larger percentage of value added by Professional, Scientific and Technical Services (21.6% compared to 9.8%)
  • A larger percentage of value added by Financial and Insurance Services (16.1% compared to 11.3%)
  • A smaller percentage of value added by Manufacturing (3.5% compared to 7.8%)
  • A smaller percentage of value added by Education and Training (2.7% compared to 6.5%)

Emerging groups

The total value added by industry in City of Port Phillip $increased by 638 million between 2015/16 and 2020/21.

The largest changes in the value added by industries between 2015/16 and 2020/21 in City of Port Phillip were for:

  • Professional, Scientific and Technical Services (+$467 million)
  • Financial and Insurance Services (+$205 million)
  • Health Care and Social Assistance (+$200 million)
  • Information Media and Telecommunications (+$180 million)

City of Port Phillip

economic profile