Bankstown City CouncilEconomic profile

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Bankstown City

Industry sector analysis - All industries

In 2014/15, Bankstown City contributed 2.1% of New South Wales’s employment and 1.8% of its value added.

Industry sector profiles reveal the way in which each industry contributes to the economy in Bankstown City using ten economic measures generated by NIEIR economic modelling. This helps in understanding the role each industry sector plays in the economy.

For example, some industry sectors generate substantial output (turnover), but are not big employers and targeting those industry sectors may not meet the economic development objective of maximising employment.

In the first chart, you can also see how the output of an industry is divided between local sales, domestic exports and international exports. This information can reveal how an industry is structured, and whether it is focused on exporting or on serving the local population.

The table and second chart also show how Bankstown City contributes to the wider economy. For example, Bankstown City contributes 2.1% of New South Wales’s employment.

Industry sector analysis data should be viewed in conjunction with Employment by industry (Total), Employment by industry (FTE), Value added, Imports and Exports to see how each specific industry fits into the wider picture of all industries within Bankstown City. To see how concentrated each industry sector is, visit the Employment locations section.

The third chart refers to how employment in Bankstown City has changed overtime and how it compares to expected changes based on benchmark and industry trends. This type of analysis is explored further within the Shift-share analysis economic tool.”

National Economics (NIEIR) - Modelled series

Industry sector analysis
Bankstown City - All industries - Constant prices2014/152009/10Change
Economic measureBankstown CityNew South WalesBankstown City as a % of New South WalesBankstown CityNew South WalesBankstown City as a % of New South Wales2009/10 to 2014/15
Employment (total)77,8353,622,8202.1%75,1583,379,4982.2%+2,676
Employment (FTE)66,3333,081,6352.2%65,9012,932,3502.2%+432
FTE to total employment ratio0.850.85--0.880.87---0.02
Output/Total Sales ($m)16,596.80887,839.801.9%16,398.46829,519.192.0%+198.34
Value add ($m)7,494.58418,685.061.8%7,095.57377,078.911.9%+399.02
Exports ($m)5,456.13344,251.221.6%5,863.99317,356.081.8%-407.86
Exports (domestic) ($m)4,315.88278,694.851.5%4,555.07261,899.351.7%-239.19
Exports (international) ($m)1,140.2565,556.371.7%1,308.9255,456.732.4%-168.67
Imports($m)7,356.79315,747.962.3%7,823.73298,552.442.6%-466.94
Imports (domestic) ($m)5,362.50230,805.972.3%5,939.00221,707.212.7%-576.50
Imports (international) ($m)1,994.2884,942.002.3%1,884.7376,845.232.5%+109.56
Local Sales ($m)11,140.68543,688.992.0%10,534.47512,221.702.1%+606.21
Worker productivity ($ per worker)96,288115,569--94,408111,578--+1,880

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2013-14 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Economic output by destination
Economic output by destination Bankstown City, Local Sales: 67.1% Bankstown City, Exports (international): 6.9% Bankstown City, Exports (domestic): 26.0% New South Wales, Local Sales: 61.2% New South Wales, Exports (international): 7.4% New South Wales, Exports (domestic): 31.4%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Industry contribution to New South Wales 2014/15
Industry contribution to New South Wales 2014/15 Employment (total), Bankstown City - All industries: 2.1% Employment (FTE), Bankstown City - All industries: 2.2% Output/Total Sales ($m), Bankstown City - All industries: 1.9% Value add ($m), Bankstown City - All industries: 1.8% Exports ($m), Bankstown City - All industries: 1.6% Exports (domestic) ($m), Bankstown City - All industries: 1.5% Exports (international) ($m), Bankstown City - All industries: 1.7% Imports($m), Bankstown City - All industries: 2.3% Imports (domestic) ($m), Bankstown City - All industries: 2.3% Imports (international) ($m), Bankstown City - All industries: 2.3% Local Sales ($m), Bankstown City - All industries: 2.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Shift-share analysis for Employment (Total) 2009/10 to 2014/15
Shift-share analysis for Employment (Total) 2009/10 to 2014/15 Net change in Benchmark Growth (BG) effect, Bankstown City relative to New South Wales: 5,411.3 Net change in Industry Mix (IM) effect, Bankstown City relative to New South Wales: 0.0 Net change in Expected change (BG + IM), Bankstown City relative to New South Wales: 5,411.3 Net change in Actual change, Bankstown City relative to New South Wales: 2,676.4 Net change in Regional Competitive (RC) effect, Bankstown City relative to New South Wales: -2,734.9
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
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