2015-08-18 Planning and Organisation Committee Attachment 1 to Item 8 AEC Noosa Economic Profile Final Report

Noosa Economic Profile
Final


3.2       Industry Value Added
           Table 3.1 and Figure 3.2Figure 3.1 show the three main industries in Noosa Shire by
            Industry Value Added (IVA) are construction ($282.9 million, 13.5% of IVA), health care
            and social assistance ($234.5 million, 11.2% of IVA), and retail trade ($228.0 million,
            10.8%).
           This reflects the older population in Noosa Shire and the industry focus on health care,
            tourism, and population driven industry sectors.

          Table 3.1: Noosa Shire IVA (2013-14)
           Industry                                                        IVA ($M)          % of IVA
           Construction                                                      $282.9            13.5%
           Health care and social assistance                                 $234.5            11.2%
           Retail trade                                                      $228.0            10.8%
           Financial and insurance services                                  $178.9             8.5%
           Accommodation and food services                                   $151.1             7.2%
           Education and training                                            $143.8             6.8%
           Rental, hiring and real estate services                           $133.0             6.3%
           Professional, scientific and technical services                   $130.7             6.2%
           Manufacturing                                                     $100.7             4.8%
           Administrative and support services                                $99.5             4.7%
           Wholesale trade                                                    $88.6             4.2%
           Electricity, gas, water and waste services                         $71.6             3.4%
           Public administration and safety                                   $63.3             3.0%
           Transport, postal and warehousing                                  $62.1             3.0%
           Other services                                                     $49.8             2.4%
           Information media and telecommunications                           $39.4             1.9%
           Arts and recreation services                                       $19.5             0.9%
           Agriculture, forestry and fishing                                  $19.0             0.9%
           Mining                                                              $5.4             0.3%
           Ownership of Dwellings                                            $305.9               n.a.
           Gross Sector Value Add                                          $2,407.9              n.a.
           Taxes Less Subsidies                                              $162.0               n.a.
           Gross Regional Product                                          $2,569.9              n.a.
          Source: AEC (unpublished)

           Noosa Shire has a considerably larger share of industry value add compared to the SEQ
            Region and State for health care and social assistance, retail trade, accommodation and
            food services, and rental, hiring and real estate services
           Noosa Shire has a considerably smaller percentage share of industry value add compared
            to the region and state for mining, transport, postal and warehousing, public
            administration and safety and manufacturing.




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