City of StonningtonEconomic profile
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City of Stonnington

Value added

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

In the City of Stonnington, Professional, Scientific and Technical Services is the most productive industry, generating $1,008 million in 2016/17.

Value added by industry is an indicator of business productivity in City of Stonnington. 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 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 see what contribution each industry makes to the state or region, see the Industry sector analysis section. 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

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Value added by industry sector
City of Stonnington - Constant prices2016/172011/12Change
Industry
(Click rows to view sub-categories)
$m%Victoria%$m%Victoria%2011/12 to 2016/17
Agriculture, Forestry and Fishing33.50.53.724.40.43.1+9.1
Mining2.00.00.64.50.11.1-2.5
Manufacturing123.71.78.1177.22.910.4-53.5
Electricity, Gas, Water and Waste Services40.90.63.247.10.83.2-6.2
Construction783.311.08.6618.510.28.0+164.8
Wholesale Trade264.23.75.7233.83.85.3+30.4
Retail Trade829.811.65.9732.812.05.7+97.0
Accommodation and Food Services333.24.72.6284.34.72.5+48.9
Transport, Postal and Warehousing64.80.96.098.71.65.7-33.8
Information Media and Telecommunications326.84.63.8272.94.53.4+53.8
Financial and Insurance Services513.27.211.7515.38.512.0-2.1
Rental, Hiring and Real Estate Services739.110.43.5494.68.13.0+244.5
Professional, Scientific and Technical Services1,008.114.19.0790.213.08.5+217.9
Administrative and Support Services397.55.64.0342.35.64.1+55.2
Public Administration and Safety165.42.35.5132.22.25.6+33.2
Education and Training356.55.06.0353.75.86.5+2.8
Health Care and Social Assistance889.612.58.8693.611.47.9+196.1
Arts and Recreation Services68.81.01.371.91.21.5-3.1
Other Services197.72.82.0196.33.22.4+1.4

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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 more

Value added by industry sector 2016/17
Value added by industry sector 2016/17 Agriculture, Forestry and Fishing, Victoria: 3.7% Mining, Victoria: 0.6% Manufacturing, Victoria: 8.1% Electricity, Gas, Water and Waste Services, Victoria: 3.2% Construction, Victoria: 8.6% Wholesale Trade, Victoria: 5.7% Retail Trade, Victoria: 5.9% Accommodation and Food Services, Victoria: 2.6% Transport, Postal and Warehousing, Victoria: 6.0% Information Media and Telecommunications, Victoria: 3.8% Financial and Insurance Services, Victoria: 11.7% Rental, Hiring and Real Estate Services, Victoria: 3.5% Professional, Scientific and Technical Services, Victoria: 9.0% Administrative and Support Services, Victoria: 4.0% Public Administration and Safety, Victoria: 5.5% Education and Training, Victoria: 6.0% Health Care and Social Assistance, Victoria: 8.8% Arts and Recreation Services, Victoria: 1.3% Other Services, Victoria: 2.0% Agriculture, Forestry and Fishing, City of Stonnington: 0.5% Mining, City of Stonnington: 0.0% Manufacturing, City of Stonnington: 1.7% Electricity, Gas, Water and Waste Services, City of Stonnington: 0.6% Construction, City of Stonnington: 11.0% Wholesale Trade, City of Stonnington: 3.7% Retail Trade, City of Stonnington: 11.6% Accommodation and Food Services, City of Stonnington: 4.7% Transport, Postal and Warehousing, City of Stonnington: 0.9% Information Media and Telecommunications, City of Stonnington: 4.6% Financial and Insurance Services, City of Stonnington: 7.2% Rental, Hiring and Real Estate Services, City of Stonnington: 10.4% Professional, Scientific and Technical Services, City of Stonnington: 14.1% Administrative and Support Services, City of Stonnington: 5.6% Public Administration and Safety, City of Stonnington: 2.3% Education and Training, City of Stonnington: 5.0% Health Care and Social Assistance, City of Stonnington: 12.5% Arts and Recreation Services, City of Stonnington: 1.0% Other Services, City of Stonnington: 2.8%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in City of Stonnington in 2016/17 shows the three largest industries were:

  • Professional, Scientific and Technical Services ($1,008 million or 14.1%)
  • Health Care and Social Assistance ($890 million or 12.5%)
  • Retail Trade ($830 million or 11.6%)

In combination these three industries accounted for $2,728 million in total or 38.2% of the total value added by industry in the City of Stonnington.

In comparison, the same 3 industries in Victoria accounted for 9.0% in Professional, Scientific and Technical Services; 8.8% in Health Care and Social Assistance; and 5.9% in Retail Trade.

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

  • A larger percentage of value added by Rental, Hiring and Real Estate Services (10.4% compared to 3.5%)
  • A larger percentage of value added by Retail Trade (11.6% compared to 5.9%)
  • A smaller percentage of value added by Manufacturing (1.7% compared to 8.1%)
  • A smaller percentage of value added by Transport, Postal and Warehousing (0.9% compared to 6.0%)

Change in value added by industry sector, 2011/12 to 2016/17
Change in value added by industry sector, 2011/12 to 2016/17 Agriculture, Forestry and Fishing, City of Stonnington: +$9.1 million Mining, City of Stonnington: -$2.5 million Manufacturing, City of Stonnington: -$53.5 million Electricity, Gas, Water and Waste Services, City of Stonnington: -$6.2 million Construction, City of Stonnington: +$164.8 million Wholesale Trade, City of Stonnington: +$30.4 million Retail Trade, City of Stonnington: +$97.0 million Accommodation and Food Services, City of Stonnington: +$48.9 million Transport, Postal and Warehousing, City of Stonnington: -$33.8 million Information Media and Telecommunications, City of Stonnington: +$53.8 million Financial and Insurance Services, City of Stonnington: -$2.1 million Rental, Hiring and Real Estate Services, City of Stonnington: +$244.5 million Professional, Scientific and Technical Services, City of Stonnington: +$217.9 million Administrative and Support Services, City of Stonnington: +$55.2 million Public Administration and Safety, City of Stonnington: +$33.2 million Education and Training, City of Stonnington: +$2.8 million Health Care and Social Assistance, City of Stonnington: +$196.1 million Arts and Recreation Services, City of Stonnington: -$3.1 million Other Services, City of Stonnington: +$1.4 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the City of Stonnington increased by 1,053.9 million between 2011/12 and 2016/17.

The largest changes in the value added by industries between 2011/12 and 2016/17 in the City of Stonnington were for:

  • Rental, Hiring and Real Estate Services (+$245 million)
  • Professional, Scientific and Technical Services (+$218 million)
  • Health Care and Social Assistance (+$196 million)
  • Construction (+$165 million)

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