Overview of Economic Assets
The region is underpinned by a strong agricultural sector. Dairy in particular is responsible for 50 per cent of exports, accounting for about 23 per cent of the gross regional product and 25 per cent of Australia’s overall dairy production. Other agricultural activities in the Region are also significant, such as forestry, which provides 20 per cent of Australia’s forestry plantations. Along with forestry and fishing, agriculture accounts for approximately 9 per cent of regional employment.
Manufacturing is also a major industry. The major export from the Region is aluminium, which is smelted and shipped at Alcoa’s two refineries located at Point Henry and Portland. Other significant manufacturing includes the processing of primary products and resources, particularly dairy, seafood and meat processing. Other major industries include tourism, retail, energy, construction and health care and social assistance.