Hobsons Bay City

Worker productivity

In Hobsons Bay City, Financial and Insurance Services had the highest productivity by industry, generating $298,955 per worker in 2023/24.

Worker productivity by industry is calculated by dividing the industry value add by the number of persons employed in that industry. It shows which industries generate the most value add per employee. Some industry sectors, such as retail trade, are not highly productive per worker, but they employ a lot of people. Other industries, such as mining, employ fewer people but generate high levels of productivity. Each plays an important role in the economy.

Worker productivity data should be viewed in conjunction with Employment by industry (Total)and Employment by industry (FTE), to see the relative size of employment in each industry, and with Local workers income to see how many local workers are actually each in each industry, and with Sources of income data to see whether employment is the main way income is derived.

Detailed notes about how the figures are derived can be found in the specific topic notes section. National Economics (NIEIR) - Modelled series

Data source

National Economics (NIEIR) - Modelled series

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Productivity per worker (annual) by industry
Hobsons Bay City - Constant prices2023/242018/19Change
Industry$Victoria$$Victoria$ 2018/19 - 2023/24
Agriculture, Forestry and Fishing80,698202,91358,385130,232+22,313
Mining118,260595,05493,081754,931+25,179
Manufacturing178,612134,536194,043133,806-15,430
Electricity, Gas, Water and Waste Services242,130230,401261,821298,591-19,691
Construction131,880118,268142,206136,210-10,326
Wholesale Trade242,852255,617231,934237,911+10,918
Retail Trade86,31480,74979,01278,078+7,302
Accommodation and Food Services44,05652,78049,00852,074-4,952
Transport, Postal and Warehousing162,432145,930156,650147,307+5,783
Information Media and Telecommunications193,233219,239141,637159,732+51,596
Financial and Insurance Services298,955321,512360,673364,094-61,717
Rental, Hiring and Real Estate Services240,048263,853207,777256,264+32,271
Professional, Scientific and Technical Services146,685142,789132,559132,473+14,126
Administrative and Support Services190,311201,544173,696172,849+16,616
Public Administration and Safety161,379137,894143,974132,405+17,405
Education and Training76,51694,17777,75696,741-1,240
Health Care and Social Assistance90,66692,13093,95692,656-3,290
Arts and Recreation Services60,30875,57363,74577,839-3,437
Other Services74,39369,68476,40373,049-2,010
Total worker productivity137,392132,725138,256132,755-863

Source: National Institute of Economic and Industry Research (NIEIR) ©2025. Compiled and presented in economy.id by .id (informed decisions). Note: All $ values are expressed in 2022/23 base year dollar terms. 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

Please refer to specific data notes for more information
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Dominant groups

An analysis of the jobs held by the full-time equivalent local workers in Hobsons Bay City in 2023/24 shows the three highest industries were:

  • Financial and Insurance Services ($298,955)
  • Wholesale Trade ($242,852)
  • Electricity, Gas, Water and Waste Services ($242,130)

In comparison, the same 3 industries in Victoria were for $321,512 in Financial and Insurance Services; $255,617 in Wholesale Trade and $230,401 in Electricity, Gas, Water and Waste Services.

The major differences between the jobs held by the full-time equivalent local workers of Hobsons Bay City and Victoria were:

  • A lower worker productivity in Information Media and Telecommunications ($193,233 compared to $219,239)
  • A higher worker productivity in Manufacturing ($178,612 compared to $134,536)
  • A lower worker productivity in Agriculture, Forestry and Fishing ($80,698 compared to $202,913)
  • A lower worker productivity in Mining ($118,260 compared to $595,054)

Emerging groups

The total worker productivity by industry in Hobsons Bay City decreased by -863 between 2018/19 and 2023/24.

The largest changes in worker productivity by industries between 2018/19 and 2023/24 in Hobsons Bay City were for those employed in:

  • Financial and Insurance Services (-$61,717)
  • Information Media and Telecommunications (+$51,596)
  • Rental, Hiring and Real Estate Services (+$32,271)
  • Mining (+$25,179)

Hobsons Bay City

economic profile