Value added by industry is an indicator of business productivity in Redland City. 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 Redland City’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.
National Economics (NIEIR) - Modelled series
|Value added by industry sector|
|Industry||$m||%||Queensland||$m||%||Queensland||2016/17 - 2021/22|
|Agriculture, Forestry and Fishing||92.2||1.8||4.1||81.5||1.8||3.7||+10.8|
|Electricity, Gas, Water and Waste Services||126.7||2.5||3.4||113.5||2.6||3.6||+13.2|
|Accommodation and Food Services||154.7||3.1||2.8||150.2||3.4||3.0||+4.5|
|Transport, Postal and Warehousing||253.5||5.1||6.2||277.8||6.2||7.1||-24.3|
|Information Media and Telecommunications||65.5||1.3||1.6||61.5||1.4||1.4||+4.0|
|Financial and Insurance Services||263.6||5.3||6.5||242.2||5.4||6.7||+21.4|
|Rental, Hiring and Real Estate Services||303.7||6.1||3.5||186.5||4.2||3.4||+117.2|
|Professional, Scientific and Technical Services||313.6||6.3||7.9||298.4||6.7||7.0||+15.3|
|Administrative and Support Services||221.5||4.4||4.0||200.7||4.5||3.7||+20.8|
|Public Administration and Safety||241.8||4.8||6.5||180.7||4.1||6.2||+61.1|
|Education and Training||351.3||7.0||6.0||328.2||7.4||6.3||+23.1|
|Health Care and Social Assistance||772.4||15.4||10.2||539.4||12.1||8.4||+233.0|
|Arts and Recreation Services||29.7||0.6||1.0||39.2||0.9||0.8||-9.4|
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 morePlease refer to specific data notes for more information
An analysis of the valued added by industry sectors in Redland City in 2021/22 shows the three largest industries were:
- Health Care and Social Assistance (772 million or 15.4%)
- Construction (521 million or 10.4%)
- Retail Trade (463 million or 9.3%)
In combination these three industries accounted for 1,757 million in total or 35.1% of the total value added by industry in the Redland City.
In comparison, the same 3 industries in Queensland accounted for 10.2% in Health Care and Social Assistance; 9.0% in Construction and 5.6% in Retail Trade.
The major differences between the value added by industries of Redland City and Queensland were:
- A smaller percentage of value added by Mining (0.4% compared to 8.5%)
- A larger percentage of value added by Health Care and Social Assistance (15.4% compared to 10.2%)
- A larger percentage of value added by Retail Trade (9.3% compared to 5.6%)
- A larger percentage of value added by Rental, Hiring and Real Estate Services (6.1% compared to 3.5%)
The total value added by industry in Redland City $increased by 552 million between 2016/17 and 2021/22.
The largest changes in the value added by industries between 2016/17 and 2021/22 in Redland City were for:
- Health Care and Social Assistance (+$233 million)
- Rental, Hiring and Real Estate Services (+$117 million)
- Retail Trade (+$64 million)
- Public Administration and Safety (+$61 million)