Town of Victoria ParkEconomic profile
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Town of Victoria Park

Location quotient by industry

In 2017/18, Manufacturing was a major specialisation in Town of Victoria Park in terms of Domestic (Interregional) Import.

The location quotient is a simple way of seeing which are the main industries in an area, relative to the wider region. LQ shows the percentage of the local economy characteristic (eg. employment, value add) in a particular industry divided by the percentage of the wider area (region, state, nation) that this industry makes up.

  • Where LQ=1, that industry is exactly as prevalent as in the wider region.
  • A LQ greater than 1.2 indicates a significant specialisation of the industry in the local area – possibly a key economic strength. Higher numbers mean greater specialisations. Anything over 2 is a major specialisation.
  • A LQ between 0.8 and 1.2 means the industry is broadly similar in importance in the local area compared to the comparison region and could be seen as representative.
  • An LQ under 0.8 indicates an industry which is more important in the region than the local area, and may represent an economic weakness or opportunity for growth.

LQs should be analysed in combination with the proportional economic share that industry represents. For example, an industry with an LQ of 2 reveals a specialisation but if that industry only represents 3% of the local economy, it may not be significant. Compare with the figures on the Employment by industry (Total), Employment by industry (FTE), Value added pages for this context.

National Economics (NIEIR) - Modelled series

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Location quotient
Town of Victoria Park - Domestic (Interregional) Import2017/182012/13Change
Industry
(Click rows to view sub-categories)
%Western Australia %Location Quotient (Western Australia)%Western Australia %Location Quotient (Western Australia)2012/13 to 2017/18
Agriculture, Forestry and Fishing2.51.91.363.82.21.73-0.21
Mining4.712.50.376.44.71.36-0.73
Manufacturing27.813.42.0827.419.21.43+0.46
Electricity, Gas, Water and Waste Services4.15.10.815.46.40.85-0.04
Construction0.00.0--0.00.0----
Wholesale Trade7.35.51.326.56.01.09+0.21
Retail Trade2.42.70.902.92.91.01-0.11
Accommodation and Food Services1.32.20.561.62.00.79-0.29
Transport, Postal and Warehousing6.47.60.8410.39.61.07-0.21
Information Media and Telecommunications5.54.31.276.13.81.62-0.21
Financial and Insurance Services13.713.01.0612.012.40.96+0.09
Rental, Hiring and Real Estate Services1.50.91.640.91.20.81+1.03
Professional, Scientific and Technical Services12.49.11.366.09.40.64+1.11
Administrative and Support Services3.22.51.271.42.00.70+0.81
Public Administration and Safety2.26.40.343.66.80.53-0.35
Education and Training0.82.60.310.82.70.29+0.06
Health Care and Social Assistance3.46.50.523.65.00.72-0.28
Arts and Recreation Services0.41.50.230.61.30.47-0.50
Other Services0.52.20.230.62.50.24-0.06

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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 more

Location quotient by industry sector 2017/18
Location quotient by industry sector 2017/18 Agriculture, Forestry and Fishing for Town of Victoria Park relative to Western Australia location quotient: 1.36 Mining for Town of Victoria Park relative to Western Australia location quotient: 0.37 Manufacturing for Town of Victoria Park relative to Western Australia location quotient: 2.08 Electricity, Gas, Water and Waste Services for Town of Victoria Park relative to Western Australia location quotient: 0.81 Wholesale Trade for Town of Victoria Park relative to Western Australia location quotient: 1.32 Retail Trade for Town of Victoria Park relative to Western Australia location quotient: 0.90 Accommodation and Food Services for Town of Victoria Park relative to Western Australia location quotient: 0.56 Transport, Postal and Warehousing for Town of Victoria Park relative to Western Australia location quotient: 0.84 Information Media and Telecommunications for Town of Victoria Park relative to Western Australia location quotient: 1.27 Financial and Insurance Services for Town of Victoria Park relative to Western Australia location quotient: 1.06 Rental, Hiring and Real Estate Services for Town of Victoria Park relative to Western Australia location quotient: 1.64 Professional, Scientific and Technical Services for Town of Victoria Park relative to Western Australia location quotient: 1.36 Administrative and Support Services for Town of Victoria Park relative to Western Australia location quotient: 1.27 Public Administration and Safety for Town of Victoria Park relative to Western Australia location quotient: 0.34 Education and Training for Town of Victoria Park relative to Western Australia location quotient: 0.31 Health Care and Social Assistance for Town of Victoria Park relative to Western Australia location quotient: 0.52 Arts and Recreation Services for Town of Victoria Park relative to Western Australia location quotient: 0.23 Other Services for Town of Victoria Park relative to Western Australia location quotient: 0.23
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Change in LQ by industry sector, 2012/13 to 2017/18
Change in LQ by industry sector, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Change: -0.21 Mining, Change: -0.73 Manufacturing, Change: 0.46 Electricity, Gas, Water and Waste Services, Change: -0.04 Wholesale Trade, Change: 0.21 Retail Trade, Change: -0.11 Accommodation and Food Services, Change: -0.29 Transport, Postal and Warehousing, Change: -0.21 Information Media and Telecommunications, Change: -0.21 Financial and Insurance Services, Change: 0.09 Rental, Hiring and Real Estate Services, Change: 1.03 Professional, Scientific and Technical Services, Change: 1.11 Administrative and Support Services, Change: 0.81 Public Administration and Safety, Change: -0.35 Education and Training, Change: 0.06 Health Care and Social Assistance, Change: -0.28 Arts and Recreation Services, Change: -0.50 Other Services, Change: -0.06
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Dominant groups

A location quotient of greater than 1.2 is generally considered a level of industry specialisation, while a LQ of 0.8 or less indicates an industry which doesn’t have a major presence in the area.

An analysis of domestic (Interregional) import in Town of Victoria Park in 2017/18 shows the three industries with the highest location quotient relative to Western Australia were:

  • Manufacturing (2.1)
  • Rental, Hiring and Real Estate Services (1.6)
  • Professional, Scientific and Technical Services (1.4)

The three industries with the lowest location quotient relative to Western Australia were:

  • Construction ()
  • Other Services (0.2)
  • Arts and Recreation Services (0.2)

Emerging groups

Changes in location quotients over time reveal emerging or declining industry specialisations.

The largest changes in the domestic (Interregional) import LQ between 2012/13 and 2017/18 in Town of Victoria Park were for these industries:

  • Professional, Scientific and Technical Services (+1.1)
  • Rental, Hiring and Real Estate Services (+1.0)
  • Administrative and Support Services (+0.8)
  • Mining (-0.7)

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