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The major geographic and economic region in eastern Victoria, East Gippsland offers a strong competitive advantage with its diverse population and industry profile, growing economy and stable labour force. East Gippsland’s economy, like the region itself, is diverse and robust.
An abundance of primary produce and natural resources along with good transport and logistics, affordable housing, cheap energy, ample water, good physical and telecommunications infrastructure and plentiful land supply add to the region's competitive advantages. The five strongest industry sectors by financial output are: manufacturing; construction; agriculture, forestry and fishing; retail trade; and property and business services.
Some of Australia's leading brands and businesses operate from East Gippsland including the world’s largest pie manufacturer, Patties Foods Ltd, which began as a Lakes Entrance cake shop in 1966; Australia’s largest trawling fishing fleet; and Australia's largest fresh cut horticulture business, One Harvest Vegco. Innovation is also strong in East Gippsland, with a range of businesses and consultants basing themselves in the region while using communications technology to service their customers around the world.
East Gippsland Economy
The regions Gross Regional Product (GRP) as at June 2013 was $1,751m. As at July 1, 2014 East Gippsland had 8,451 registered businesses across the region, an increase of 2.5% from 2013.
Total Employment in the area is estimated at 14,147 jobs. The major contributors to employment are the Health Care & Social Assistance sector with 2,068 jobs followed by the Retail Trade with 1,909, and Education & Training with 1,411.
Regional Output as at June 2013.
Output data represents the gross revenue generated by businesses in each of the industry sectors. Gross revenue is also referred to as total sales or total income.
Manufacturing, Construction, Rental, Agriculture, Health care and Retail are East Gippsland’s top 6 industries by output.
Key industry drivers of East Gippsland’s economy in terms of regional exports, employment, value-add and local expenditure on goods and services (backward linkages) are Agriculture, Forestry & Fishing, Manufacturing, Health Care & Social Assistance, Construction, and Accommodation & Food services.