Waratah-Wynyard Council area

Value added

In Waratah-Wynyard Council area, Mining most productive industry, generating $473 million in 2022/23.

Value added by industry is an indicator of business productivity in Waratah-Wynyard Council area. 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 Waratah-Wynyard Council area’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
Waratah-Wynyard Council area2022/232017/18Change
Industry$m%. Tasmania$m%. Tasmania2017/18 - 2022/23
Agriculture, Forestry and Fishing124.013.211.0110.314.811.2+13.8
Mining473.050.24.9310.341.65.2+162.7
Manufacturing52.15.55.868.39.27.6-16.2
Electricity, Gas, Water and Waste Services3.50.42.93.30.43.2+0.2
Construction60.16.47.941.45.57.7+18.7
Wholesale Trade37.44.02.629.43.93.1+8.0
Retail Trade22.42.45.025.43.45.7-3.0
Accommodation and Food Services11.61.23.010.11.42.9+1.5
Transport, Postal and Warehousing14.51.55.616.22.25.2-1.7
Information Media and Telecommunications3.10.33.70.70.13.3+2.3
Financial and Insurance Services5.20.55.77.61.05.8-2.5
Rental, Hiring and Real Estate Services5.10.52.14.30.62.0+0.8
Professional, Scientific and Technical Services14.91.64.110.51.43.6+4.3
Administrative and Support Services11.21.22.47.81.12.0+3.4
Public Administration and Safety11.81.37.212.71.77.2-0.9
Education and Training23.02.46.723.13.17.1-0.1
Health Care and Social Assistance60.16.416.157.07.614.2+3.1
Arts and Recreation Services0.80.11.21.00.11.2-0.3
Other Services8.50.92.06.10.81.9+2.4
Total industries942.3100.0100.0745.6100.0100.0+196.7

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
Did you know? By clicking/tapping on a category in the chart below you will be able to drilldown to the sub categories.
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Dominant groups

An analysis of the valued added by industry sectors in Waratah-Wynyard Council area in 2021/22 shows the three largest industries were:

  • Mining (473 million or 50.2%)
  • Agriculture, Forestry and Fishing (124 million or 13.2%)
  • Health Care and Social Assistance (60 million or 6.4%)

In combination these three industries accounted for 657 million in total or 69.7% of the total value added by industry in the Waratah-Wynyard Council area.

In comparison, the same 3 industries in Tasmania accounted for 4.9% in Mining; 11.0% in Agriculture, Forestry and Fishing and 16.1% in Health Care and Social Assistance.

The major differences between the value added by industries of Waratah-Wynyard Council area and Tasmania were:

  • A larger percentage of value added by Mining (50.2% compared to 4.9%)
  • A smaller percentage of value added by Health Care and Social Assistance (6.4% compared to 16.1%)
  • A smaller percentage of value added by Public Administration and Safety (1.3% compared to 7.2%)
  • A smaller percentage of value added by Financial and Insurance Services (0.5% compared to 5.7%)

Emerging groups

The total value added by industry in Waratah-Wynyard Council area $increased by 197 million between 2017/18 and 2022/23.

The largest changes in the value added by industries between 2017/18 and 2022/23 in Waratah-Wynyard Council area were for:

  • Mining (+$163 million)
  • Construction (+$19 million)
  • Agriculture, Forestry and Fishing (+$14 million)
  • Wholesale Trade (+$8 million)

State Growth Tasmania

economic profile