Armidale Regional Council

Value added

In Armidale Regional Council, Education and Training most productive industry, generating $356 million in 2021/22.

Value added by industry is an indicator of business productivity in Armidale Regional Council. It shows how productive each industry sector is at increasing the value of its inputs. It is a more refined measure of the productivity of an industry sector than output (total gross revenue), as some industries have high levels of output but require large amounts of input expenditure to achieve that.

By comparing the value added of each industry sector to a regional benchmark, you can clearly see the structure of Armidale Regional Council’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.

To see what contribution each industry makes to the state or region, see the Industry sector analysissection. To understand the value of a worker in each industry, view this dataset in conjunction with Worker productivity data, and to see the relationship of value added to the total size of the economy, go to the Gross Regional Product section.

Detailed notes about how the figures are derived can be found in the specific topic notes section.

Data source

National Economics (NIEIR) - Modelled series

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Value added by industry sector
Armidale Regional Council2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing237.916.02.4166.811.72.4+71.1
Mining11.20.71.722.11.62.3-10.9
Manufacturing37.62.56.531.22.26.8+6.4
Electricity, Gas, Water and Waste Services28.31.92.234.12.42.4-5.7
Construction84.05.68.685.76.09.1-1.7
Wholesale Trade34.72.35.540.02.85.6-5.3
Retail Trade71.84.85.484.76.05.4-13.0
Accommodation and Food Services44.23.02.553.93.83.0-9.7
Transport, Postal and Warehousing32.32.25.739.52.86.7-7.1
Information Media and Telecommunications10.70.74.011.60.83.3-0.8
Financial and Insurance Services75.55.112.690.66.412.7-15.1
Rental, Hiring and Real Estate Services44.43.04.542.63.04.6+1.8
Professional, Scientific and Technical Services72.84.911.167.64.89.6+5.2
Administrative and Support Services66.74.55.041.93.04.6+24.7
Public Administration and Safety87.95.95.486.16.15.2+1.8
Education and Training356.223.95.9330.323.36.0+25.9
Health Care and Social Assistance163.311.08.6150.710.67.3+12.7
Arts and Recreation Services4.30.30.86.70.50.9-2.3
Other Services26.31.81.734.12.42.1-7.8
Total industries1,490.1100.0100.01,419.9100.0100.0+70.2

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. Compiled and presented in economy.id by .id (informed decisions). NIEIR-ID data are adjusted each year, using updated employment estimates. Each release may change previous years’ figures. Learn more

Please refer to specific data notes for more information
Did you know? By clicking/tapping on a category in the chart below you will be able to drilldown to the sub categories.
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Dominant groups

An analysis of the valued added by industry sectors in Armidale Regional Council in 2021/22 shows the three largest industries were:

  • Education and Training (356 million or 23.9%)
  • Agriculture, Forestry and Fishing (238 million or 16.0%)
  • Health Care and Social Assistance (163 million or 11.0%)

In combination these three industries accounted for 757 million in total or 50.8% of the total value added by industry in the Armidale Regional Council.

In comparison, the same 3 industries in New South Wales accounted for 5.9% in Education and Training; 2.4% in Agriculture, Forestry and Fishing and 8.6% in Health Care and Social Assistance.

The major differences between the value added by industries of Armidale Regional Council and New South Wales were:

  • A larger percentage of value added by Education and Training (23.9% compared to 5.9%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (16.0% compared to 2.4%)
  • A smaller percentage of value added by Financial and Insurance Services (5.1% compared to 12.6%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (4.9% compared to 11.1%)

Emerging groups

The total value added by industry in Armidale Regional Council $increased by 70 million between 2016/17 and 2021/22.

The largest changes in the value added by industries between 2016/17 and 2021/22 in Armidale Regional Council were for:

  • Agriculture, Forestry and Fishing (+$71 million)
  • Education and Training (+$26 million)
  • Administrative and Support Services (+$25 million)
  • Health Care and Social Assistance (+$13 million)

Armidale Regional Council

economic profile