The industries in Victoria which made the greatest contribution to the state's gross product in 2010-11 in volume terms were: Financial and insurance services (11.3%), Manufacturing (9.2%), Professional, scientific and technical services (7.9%), Ownership of dwellings (7.8%), and Construction (6.6%).
From 2000-01 to 2010-11, the Construction industry recorded an 87.2% increase in value added. This represented the highest increase of all industries in Victoria. During the same period, the Mining industry recorded the largest decrease of 19.4%.
What is the contribution of individual industries to the gross product in your state or territory?
Industry Gross Value Added (IGVA) measures the value of industry production. It is used to measure the contribution of individual industries to the gross product of a state or territory.
Gross State Product (GSP) is a measure of the production of goods and services within a state or territory. This is defined equivalently to Gross Domestic Product (GDP) but is for a state/territory rather than for the nation as a whole.
These estimates are all expressed in Chain Volume terms. Chain Volume estimates provide time series of expenditure and production aggregates that are free of the direct effects of price change.
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