Town of Victoria Park
In the Town of Victoria Park, Construction is the most productive industry, generating $1,599 million in 2017/18.
Value added by industry is an indicator of business productivity in Town of Victoria Park. It shows how productive each industry sector is at increasing the value of its inputs. It is a more refined measure of the productivity of an industry sector than output (total gross revenue), as some industries have high levels of output but require large amounts of input expenditure to achieve that.
By comparing the value added of each industry sector to a regional benchmark, you can clearly see the structure of Town of Victoria Park’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To see what contribution each industry makes to the state or region, see the Industry sector analysis section. To understand the value of a worker in each industry, view this dataset in conjunction with Worker productivity data, and to see the relationship of value added to the total size of the economy, go to the Gross Regional Product section.
Detailed notes about how the figures are derived can be found in the specific topic notes section.
National Economics (NIEIR) - Modelled series
|Value added by industry sector|
|Town of Victoria Park - Constant prices||2017/18||2012/13||Change|
|Industry (Click rows to view sub-categories)||$m||%||Western Australia%||$m||%||Western Australia%||2012/13 to 2017/18|
|Agriculture, Forestry and Fishing||3.9||0.1||2.7||3.4||0.1||2.5||+0.4||23000||P|
|Electricity, Gas, Water and Waste Services||152.7||2.7||2.4||150.7||3.4||2.3||+2.0||23300||P|
|Accommodation and Food Services||152.8||2.7||2.3||130.4||2.9||2.3||+22.5||23700||P|
|Transport, Postal and Warehousing||333.3||6.0||5.3||156.6||3.5||5.4||+176.6||23800||P|
|Information Media and Telecommunications||52.5||0.9||1.4||38.9||0.9||1.2||+13.6||23900||P|
|Financial and Insurance Services||152.8||2.7||5.3||163.8||3.7||4.6||-11.0||24000||P|
|Rental, Hiring and Real Estate Services||167.8||3.0||2.5||120.1||2.7||2.6||+47.7||24100||P|
|Professional, Scientific and Technical Services||428.3||7.7||5.4||411.6||9.2||7.2||+16.7||24200||P|
|Administrative and Support Services||208.5||3.7||2.8||238.2||5.3||3.1||-29.6||24300||P|
|Public Administration and Safety||144.0||2.6||4.8||127.9||2.9||4.7||+16.1||24400||P|
|Education and Training||942.1||16.9||4.4||857.0||19.1||4.3||+85.1||24500||P|
|Health Care and Social Assistance||281.7||5.1||6.6||207.1||4.6||5.6||+74.6||24600||P|
|Arts and Recreation Services||220.6||4.0||0.6||251.0||5.6||0.6||-30.4||24700||P|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2018. Compiled and presented in economy.id by .id (opens a new window), the population experts.
Data are based on a 2016-17 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
An analysis of the valued added by industry sectors in Town of Victoria Park in 2017/18 shows the three largest industries were:
- Construction ($1,599 million or 28.7%)
- Education and Training ($942 million or 16.9%)
- Professional, Scientific and Technical Services ($428 million or 7.7%)
In combination these three industries accounted for $2,969 million in total or 53.4% of the total value added by industry in the Town of Victoria Park.
In comparison, the same 3 industries in Western Australia accounted for 10.6% in Construction; 4.4% in Education and Training; and 5.4% in Professional, Scientific and Technical Services.
The major differences between the value added by industries of the Town of Victoria Park and Western Australia were:
- A larger percentage of value added by Construction (28.7% compared to 10.6%)
- A larger percentage of value added by Education and Training (16.9% compared to 4.4%)
- A larger percentage of value added by Arts and Recreation Services (4.0% compared to 0.6%)
- A smaller percentage of value added by Mining (2.8% compared to 27.5%)
The total value added by industry in the Town of Victoria Park increased by 1,085.6 million between 2012/13 and 2017/18.
The largest changes in the value added by industries between 2012/13 and 2017/18 in the Town of Victoria Park were for:
- Construction (+$729 million)
- Transport, Postal and Warehousing (+$177 million)
- Education and Training (+$85 million)
- Health Care and Social Assistance (+$75 million)