City of Stonnington

Worker productivity

In the City of Stonnington, Financial and Insurance Services had the highest productivity by industry, generating $314,725 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
City of Stonnington - Constant prices2023/242018/19Change
Industry$Victoria$$Victoria$ 2018/19 - 2023/24
Agriculture, Forestry and Fishing118,103202,9133,286130,232+114,817
Mining86,923595,05481,641754,931+5,282
Manufacturing139,027134,536130,644133,806+8,383
Electricity, Gas, Water and Waste Services232,972230,401293,149298,591-60,177
Construction193,965118,268211,882136,210-17,917
Wholesale Trade288,579255,617240,161237,911+48,418
Retail Trade81,25180,74988,31678,078-7,065
Accommodation and Food Services55,42052,78060,18652,074-4,766
Transport, Postal and Warehousing141,333145,930128,132147,307+13,201
Information Media and Telecommunications144,096219,239119,583159,732+24,513
Financial and Insurance Services314,725321,512360,997364,094-46,272
Rental, Hiring and Real Estate Services309,262263,853314,956256,264-5,694
Professional, Scientific and Technical Services154,150142,789142,753132,473+11,397
Administrative and Support Services225,174201,544202,777172,849+22,398
Public Administration and Safety138,949137,894135,700132,405+3,249
Education and Training90,13894,17791,83096,741-1,692
Health Care and Social Assistance99,71592,130102,17992,656-2,464
Arts and Recreation Services82,38475,57379,89077,839+2,493
Other Services59,84169,68464,35073,049-4,509
Total worker productivity130,379132,725130,160132,755+219

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 the City of Stonnington in 2023/24 shows the three highest industries were:

  • Financial and Insurance Services ($314,725)
  • Rental, Hiring and Real Estate Services ($309,262)
  • Wholesale Trade ($288,579)

In comparison, the same 3 industries in Victoria were for $321,512 in Financial and Insurance Services; $263,853 in Rental, Hiring and Real Estate Services and $255,617 in Wholesale Trade.

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

  • A lower worker productivity in Information Media and Telecommunications ($144,096 compared to $219,239)
  • A higher worker productivity in Construction ($193,965 compared to $118,268)
  • A lower worker productivity in Agriculture, Forestry and Fishing ($118,103 compared to $202,913)
  • A lower worker productivity in Mining ($86,923 compared to $595,054)

Emerging groups

The total worker productivity by industry in the City of Stonnington increased by $219 between 2018/19 and 2023/24.

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

  • Agriculture, Forestry and Fishing (+$114,817)
  • Electricity, Gas, Water and Waste Services (-$60,177)
  • Wholesale Trade (+$48,418)
  • Financial and Insurance Services (-$46,272)

City of Stonnington

economic profile