Somerset Regional Council

Value added

In the Somerset Regional Council, Manufacturing most productive industry, generating $215 million in 2022/23.

Value added by industry is an indicator of business productivity in the Somerset Regional Council. 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 the Somerset Regional Council’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

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Value added by industry sector
Somerset Regional Council2022/232017/18Change
Industry$m%. Queensland$m%. Queensland2017/18 - 2022/23
Agriculture, Forestry and Fishing188.117.73.6140.515.43.2+47.7
Mining145.513.718.5107.611.821.9+37.9
Manufacturing215.520.26.1187.920.66.8+27.5
Electricity, Gas, Water and Waste Services48.64.62.843.04.72.9+5.6
Construction113.210.67.9107.211.88.8+6.0
Wholesale Trade21.82.03.818.32.03.4+3.5
Retail Trade33.43.14.640.14.44.5-6.7
Accommodation and Food Services22.72.12.815.11.72.6+7.6
Transport, Postal and Warehousing37.73.55.940.54.46.1-2.8
Information Media and Telecommunications11.01.01.54.80.51.3+6.2
Financial and Insurance Services11.11.05.610.51.15.3+0.6
Rental, Hiring and Real Estate Services11.41.13.212.61.42.9-1.2
Professional, Scientific and Technical Services21.62.06.820.12.26.1+1.5
Administrative and Support Services12.51.23.514.51.63.4-1.9
Public Administration and Safety33.63.25.728.33.15.2+5.3
Education and Training51.94.95.253.25.85.2-1.3
Health Care and Social Assistance64.96.19.449.35.47.7+15.5
Arts and Recreation Services4.60.40.84.30.50.7+0.2
Other Services16.51.62.213.91.52.0+2.6
Total industries1,065.6100.0100.0911.8100.0100.0+153.8

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. Compiled and presented in economy.id 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
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Dominant groups

An analysis of the valued added by industry sectors in the Somerset Regional Council in 2021/22 shows the three largest industries were:

  • Manufacturing (215 million or 20.2%)
  • Agriculture, Forestry and Fishing (188 million or 17.7%)
  • Mining (145 million or 13.7%)

In combination these three industries accounted for 549 million in total or 51.5% of the total value added by industry in the the Somerset Regional Council.

In comparison, the same 3 industries in Queensland accounted for 6.1% in Manufacturing; 3.6% in Agriculture, Forestry and Fishing and 18.5% in Mining.

The major differences between the value added by industries of the Somerset Regional Council and Queensland were:

  • A larger percentage of value added by Manufacturing (20.2% compared to 6.1%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (17.7% compared to 3.6%)
  • A smaller percentage of value added by Mining (13.7% compared to 18.5%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (2.0% compared to 6.8%)

Emerging groups

The total value added by industry in the Somerset Regional Council $increased by 154 million between 2017/18 and 2022/23.

The largest changes in the value added by industries between 2017/18 and 2022/23 in the Somerset Regional Council were for:

  • Agriculture, Forestry and Fishing (+$48 million)
  • Mining (+$38 million)
  • Manufacturing (+$28 million)
  • Health Care and Social Assistance (+$16 million)

RDA Ipswich West Moreton

economic profile