Standard Industries (ANZSIC)

The City of Melbourne economy can be broken down into industries using the Australian and New Zealand Standard Industrial Classification (ANZSIC) system. Click on an industry on the graphs below to find out more information about a sector. If you would like information about the City of Melbourne's key industries, click on the 'focus industries' tab above.

Industries by Output

Total economic output by industry is shown in the chart below. The largest industry is the financial and insurance services sector. This reflects the municipality’s role as a major financial centre.

Industries by Employment

The chart below shows the number of jobs in each industry. The greatest number are in the professional, scientific and technical services sector. Higher level services account for around 60% of all jobs in the municipality.

Growing Industries

This chart shows the key growth industries, as measured by the increase in employment since 2002

Detailed Industry Data (2016)

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Name Total Employment Total Establishment Economic Output ($) GLP Contribution ($)
Accommodation and Food Services 46,284 2,997 7,368,534,145 3,518,323,314
Administrative and Support Services 14,616 647 7,724,510,998 3,679,271,937
Agriculture, Forestry and Fishing 430 14 142,814,814 63,652,618
Arts and Recreation Services 23,513 625 1,699,820,462 725,087,034
Construction 5,775 329 1,990,219,726 629,814,473
Education and Training 24,136 635 4,843,873,684 3,355,381,223
Electricity, Gas, Water and Waste Services 9,690 186 6,905,030,480 3,036,548,595
Financial and Insurance Services 62,903 921 32,845,985,388 21,111,972,239
Health Care and Social Assistance 41,172 1,141 25,763,733,616 17,966,825,916
Information Media and Telecommunications 28,566 274 14,107,839,577 7,305,547,399
Manufacturing 15,423 527 5,244,723,010 1,746,076,593
Mining 3,411 42 4,950,812,371 2,878,930,927
Other Services 12,495 1,581 2,523,749,346 1,397,841,399
Professional, Scientific and Technical Services 78,690 2,771 15,077,331,579 7,086,172,719
Public Administration and Safety 40,315 263 4,433,303,129 2,238,852,397
Rental, Hiring and Real Estate Services 5,745 430 9,613,591,578 3,778,124,046
Retail Trade 20,380 2,153 3,850,040,730 2,134,398,104
Transport, Postal and Warehousing 14,903 350 4,789,432,809 2,217,013,409
Wholesale Trade 7,306 425 2,305,516,314 1,143,383,383

City of Melbourne Focus Industries

The following sectors are considered to have the best growth prospects. These are the industries where the City has a critical mass which new entrants can build upon. Financial services is the largest focus industry in the City, followed by the information and communications technology sector.

Retail Trade

20,380

Employees

$2.1b

GLP Contribution

Detailed Data

Advanced Manufacturing

7,657

Employees

$0.9b

GLP Contribution

Detailed Data

Biotech

37,022

Employees

$12.0b

GLP Contribution

Detailed Data

Creative Industries

35,035

Employees

$3.8b

GLP Contribution

Detailed Data

Envirotech

22,436

Employees

$2.0b

GLP Contribution

Detailed Data

Financial Services

62,875

Employees

$21.1b

GLP Contribution

Detailed Data

Healthcare

36,036

Employees

$15.5b

GLP Contribution

Detailed Data

Higher Education

20,430

Employees

$2.9b

GLP Contribution

Detailed Data

Hospitality

46,284

Employees

$3.5b

GLP Contribution

Detailed Data

Information Communication...

35,530

Employees

$7.1b

GLP Contribution

Detailed Data

Knowledge Sector

298,258

Employees

$59.4b

GLP Contribution

Detailed Data

Tourism

41,211

Employees

$3.7b

GLP Contribution

Detailed Data