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Bulloo Shire

Location quotient by industry

In 2017/18, Agriculture, Forestry and Fishing was a major specialisation in Bulloo Shire in terms of Employment (Total).

The location quotient is a simple way of seeing which are the main industries in an area, relative to the wider region. LQ shows the percentage of the local economy characteristic (eg. employment, value add) in a particular industry divided by the percentage of the wider area (region, state, nation) that this industry makes up.

  • Where LQ=1, that industry is exactly as prevalent as in the wider region.
  • A LQ greater than 1.2 indicates a significant specialisation of the industry in the local area – possibly a key economic strength. Higher numbers mean greater specialisations. Anything over 2 is a major specialisation.
  • A LQ between 0.8 and 1.2 means the industry is broadly similar in importance in the local area compared to the comparison region and could be seen as representative.
  • An LQ under 0.8 indicates an industry which is more important in the region than the local area, and may represent an economic weakness or opportunity for growth.

LQs should be analysed in combination with the proportional economic share that industry represents. For example, an industry with an LQ of 2 reveals a specialisation but if that industry only represents 3% of the local economy, it may not be significant. Compare with the figures on the Employment by industry (Total), Employment by industry (FTE), Value added pages for this context.

National Economics (NIEIR) - Modelled series

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Location quotient
Bulloo Shire - Employment (Total)2017/182016/17Change
Industry
(Click rows to view sub-categories)
%Regional QLD %Location Quotient (Regional QLD)%Regional QLD %Location Quotient (Regional QLD)2016/17 to 2017/18
Agriculture, Forestry and Fishing26.24.95.3625.44.85.28+0.02
Mining19.44.14.6920.54.14.94-0.05
Manufacturing0.66.20.100.66.20.09+0.05
Electricity, Gas, Water and Waste Services0.01.20.000.01.20.000
Construction9.210.20.917.29.60.75+0.21
Wholesale Trade0.22.10.070.52.30.21-0.66
Retail Trade1.710.50.162.910.80.27-0.41
Accommodation and Food Services10.98.61.279.58.51.12+0.13
Transport, Postal and Warehousing1.84.40.412.64.40.59-0.31
Information Media and Telecommunications1.01.01.000.91.30.74+0.36
Financial and Insurance Services0.01.80.000.01.80.01-0.69
Rental, Hiring and Real Estate Services0.71.90.390.72.00.34+0.13
Professional, Scientific and Technical Services0.04.50.000.24.80.05-1.00
Administrative and Support Services1.73.60.471.53.50.44+0.08
Public Administration and Safety20.35.83.5320.15.83.43+0.03
Education and Training2.89.60.292.99.50.30-0.03
Health Care and Social Assistance1.313.80.091.513.30.12-0.18
Arts and Recreation Services1.71.90.932.61.91.35-0.31
Other Services0.44.00.100.44.10.100

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id 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
Location quotient is the percentage of total in the area relative to the same percentage in the selected benchmark area.

Location quotient by industry sector 2017/18
Location quotient by industry sector 2017/18 Agriculture, Forestry and Fishing for Bulloo Shire relative to Regional QLD location quotient: 5.36 Mining for Bulloo Shire relative to Regional QLD location quotient: 4.69 Manufacturing for Bulloo Shire relative to Regional QLD location quotient: 0.10 Electricity, Gas, Water and Waste Services for Bulloo Shire relative to Regional QLD location quotient: 0.00 Construction for Bulloo Shire relative to Regional QLD location quotient: 0.91 Wholesale Trade for Bulloo Shire relative to Regional QLD location quotient: 0.07 Retail Trade for Bulloo Shire relative to Regional QLD location quotient: 0.16 Accommodation and Food Services for Bulloo Shire relative to Regional QLD location quotient: 1.27 Transport, Postal and Warehousing for Bulloo Shire relative to Regional QLD location quotient: 0.41 Information Media and Telecommunications for Bulloo Shire relative to Regional QLD location quotient: 1.00 Financial and Insurance Services for Bulloo Shire relative to Regional QLD location quotient: 0.00 Rental, Hiring and Real Estate Services for Bulloo Shire relative to Regional QLD location quotient: 0.39 Professional, Scientific and Technical Services for Bulloo Shire relative to Regional QLD location quotient: 0.00 Administrative and Support Services for Bulloo Shire relative to Regional QLD location quotient: 0.47 Public Administration and Safety for Bulloo Shire relative to Regional QLD location quotient: 3.53 Education and Training for Bulloo Shire relative to Regional QLD location quotient: 0.29 Health Care and Social Assistance for Bulloo Shire relative to Regional QLD location quotient: 0.09 Arts and Recreation Services for Bulloo Shire relative to Regional QLD location quotient: 0.93 Other Services for Bulloo Shire relative to Regional QLD location quotient: 0.10
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Change in LQ by industry sector, 2016/17 to 2017/18
Change in LQ by industry sector, 2016/17 to 2017/18 Agriculture, Forestry and Fishing, Change: 0.02 Mining, Change: -0.05 Manufacturing, Change: 0.05 Electricity, Gas, Water and Waste Services, Change: 0 Construction, Change: 0.21 Wholesale Trade, Change: -0.66 Retail Trade, Change: -0.41 Accommodation and Food Services, Change: 0.13 Transport, Postal and Warehousing, Change: -0.31 Information Media and Telecommunications, Change: 0.36 Financial and Insurance Services, Change: -0.69 Rental, Hiring and Real Estate Services, Change: 0.13 Professional, Scientific and Technical Services, Change: -1.00 Administrative and Support Services, Change: 0.08 Public Administration and Safety, Change: 0.03 Education and Training, Change: -0.03 Health Care and Social Assistance, Change: -0.18 Arts and Recreation Services, Change: -0.31 Other Services, Change: 0
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Dominant groups

A location quotient of greater than 1.2 is generally considered a level of industry specialisation, while a LQ of 0.8 or less indicates an industry which doesn’t have a major presence in the area.

An analysis of employment (Total) in Bulloo Shire in 2017/18 shows the three industries with the highest location quotient relative to Regional QLD were:

  • Agriculture, Forestry and Fishing (5.4)
  • Mining (4.7)
  • Public Administration and Safety (3.5)

The three industries with the lowest location quotient relative to Regional QLD were:

  • Electricity, Gas, Water and Waste Services (0.0)
  • Professional, Scientific and Technical Services (0.0)
  • Financial and Insurance Services (0.0)

Emerging groups

Changes in location quotients over time reveal emerging or declining industry specialisations.

The largest changes in the employment (Total) LQ between 2016/17 and 2017/18 in Bulloo Shire were for these industries:

  • Professional, Scientific and Technical Services (-1.0)
  • Financial and Insurance Services (-0.7)
  • Wholesale Trade (-0.7)
  • Retail Trade (-0.4)

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