In the City of Stonnington, Health Care and Social Assistance most productive industry, generating $1,150 million in 2018/19.
Value added by industry is an indicator of business productivity in the City of Stonnington. It shows how productive each industry sector is at increasing the value of its inputs. It is a more refined measure of the productivity of an industry sector than output (total gross revenue), as some industries have high levels of output but require large amounts of input expenditure to achieve that.
By comparing the value added of each industry sector to a regional benchmark, you can clearly see the structure of the City of Stonnington’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To see what contribution each industry makes to the state or region, see the Industry sector analysissection. To understand the value of a worker in each industry, view this dataset in conjunction with Worker productivity data, and to see the relationship of value added to the total size of the economy, go to the Gross Regional Product section.
Detailed notes about how the figures are derived can be found in the specific topic notes section.
National Economics (NIEIR) - Modelled series
|Value added by industry sector|
|City of Stonnington||2018/19||2004/05||Change|
|Industry||$m||%||Victoria||$m||%||Victoria||2004/05 - 2018/19|
|Agriculture, Forestry and Fishing||16.6||0.2||2.3||12.9||0.2||3.8||+3.7|
|Electricity, Gas, Water and Waste Services||43.9||0.6||3.2||64.8||1.2||3.8||-20.9|
|Accommodation and Food Services||334.7||4.3||2.4||270.6||4.9||2.7||+64.1|
|Transport, Postal and Warehousing||83.8||1.1||5.3||106.1||1.9||5.8||-22.3|
|Information Media and Telecommunications||348.8||4.4||3.7||210.0||3.8||2.9||+138.8|
|Financial and Insurance Services||603.0||7.7||12.6||545.0||9.9||10.2||+58.0|
|Rental, Hiring and Real Estate Services||746.5||9.5||3.3||475.3||8.6||3.3||+271.1|
|Professional, Scientific and Technical Services||1,069.7||13.6||9.1||630.5||11.5||6.9||+439.2|
|Administrative and Support Services||443.5||5.7||4.3||311.3||5.7||4.3||+132.1|
|Public Administration and Safety||176.7||2.3||5.3||141.5||2.6||5.3||+35.2|
|Education and Training||384.5||4.9||6.1||383.1||7.0||6.2||+1.5|
|Health Care and Social Assistance||1,149.8||14.7||9.5||608.3||11.0||7.0||+541.5|
|Arts and Recreation Services||71.8||0.9||1.3||66.9||1.2||1.4||+4.9|
Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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 morePlease refer to specific data notes for more information
An analysis of the valued added by industry sectors in the City of Stonnington in 2018/19 shows the three largest industries were:
- Health Care and Social Assistance (1,150 million or 14.7%)
- Professional, Scientific and Technical Services (1,070 million or 13.6%)
- Retail Trade (983 million or 12.5%)
In combination these three industries accounted for 3,203 million in total or 40.8% of the total value added by industry in the the City of Stonnington.
In comparison, the same 3 industries in Victoria accounted for 9.5% in Health Care and Social Assistance; 9.1% in Professional, Scientific and Technical Services and 5.7% 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 Retail Trade (12.5% compared to 5.7%)
- A smaller percentage of value added by Manufacturing (1.4% compared to 8.1%)
- A larger percentage of value added by Rental, Hiring and Real Estate Services (9.5% compared to 3.3%)
- A larger percentage of value added by Health Care and Social Assistance (14.7% compared to 9.5%)
The total value added by industry in the City of Stonnington $increased by 2,337 million between 2004/05 and 2018/19.
The largest changes in the value added by industries between 2004/05 and 2018/19 in the City of Stonnington were for:
- Health Care and Social Assistance (+$542 million)
- Professional, Scientific and Technical Services (+$439 million)
- Construction (+$363 million)
- Retail Trade (+$354 million)