Output by industry is a gross measure of the total sales of each industry sector in the City of Stonnington. 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 the City of Stonnington’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 Stonnington||2020/21||2015/16||Change|
|Industry||$m||%||Victoria||$m||%||Victoria||2015/16 - 2020/21|
|Agriculture, Forestry and Fishing||45.8||0.3||2.9||49.9||0.3||2.7||-4.1|
|Electricity, Gas, Water and Waste Services||113.5||0.6||3.5||111.8||0.6||3.8||+1.8|
|Accommodation and Food Services||722.5||4.0||2.2||761.1||4.3||2.5||-38.5|
|Transport, Postal and Warehousing||234.1||1.3||5.2||168.6||1.0||5.8||+65.5|
|Information Media and Telecommunications||916.3||5.1||3.9||648.7||3.7||3.1||+267.6|
|Financial and Insurance Services||1,023.1||5.7||9.2||919.3||5.2||8.5||+103.8|
|Rental, Hiring and Real Estate Services||3,606.3||20.1||7.6||3,991.4||22.7||8.5||-385.1|
|Professional, Scientific and Technical Services||2,215.3||12.4||8.4||2,058.1||11.7||7.8||+157.2|
|Administrative and Support Services||684.2||3.8||3.2||732.7||4.2||3.3||-48.5|
|Public Administration and Safety||299.3||1.7||4.7||279.2||1.6||4.1||+20.1|
|Education and Training||573.9||3.2||4.3||560.4||3.2||4.1||+13.5|
|Health Care and Social Assistance||1,894.2||10.6||6.5||1,365.6||7.8||5.7||+528.6|
|Arts and Recreation Services||261.7||1.5||1.7||194.3||1.1||1.8||+67.4|
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2019/20 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 morePlease refer to specific data notes for more information
An analysis of the output by industry sectors in the City of Stonnington in 2020/21 shows the three largest industries were:
- Rental, Hiring and Real Estate Services ($3,606 million or 20.1%)
- Construction ($2,442 million or 13.6%)
- Professional, Scientific and Technical Services ($2,215 million or 12.4%)
In combination these three industries accounted for $8,264 million in total or 46.1% of the total output by total industry in the the City of Stonnington.
In comparison, the same 3 industries in Victoria accounted for 7.6% in Rental, Hiring and Real Estate Services; 13.5% in Construction and 8.4% in Professional, Scientific and Technical Services.
The major differences between output by industries of the City of Stonnington and Victoria were:
- A larger percentage of output by Rental, Hiring and Real Estate Services (20.1% compared to 7.6%)
- A smaller percentage of output by Manufacturing (2.0% compared to 11.6%)
- A larger percentage of output by Retail Trade (9.8% compared to 4.2%)
- A larger percentage of output by Health Care and Social Assistance (10.6% compared to 6.5%)
The total industry output in the City of Stonnington increased by $287 million between 2015/16 and 2020/21.
The largest changes in the output by industries between 2015/16 and 2020/21 in the City of Stonnington were for:
- Health Care and Social Assistance (+$529 million)
- Retail Trade (+$351 million)
- Information Media and Telecommunications (+$268 million)
- Professional, Scientific and Technical Services (+$157 million)