Bankstown City CouncilEconomic profile

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In Bankstown City, [Econ_ValueAdd].[Top1Label] is the most productive industry, generating $[Econ_ValueAdd].[Top1Number].{0:#,#} million in 2015/16.

Value added by industry is an indicator of business productivity in Bankstown City. 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 Bankstown City’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 analysis section. 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.

National Economics (NIEIR) - Modelled series

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Value added by industry sector 2015/16
Value added by industry sector 2015/16
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Bankstown City in 2015/16 shows the three largest industries were:

[Econ_ValueAdd].[TopList1]

In combination these three industries accounted for $[Econ_ValueAdd].[Top3Sum].{0:#,0} million in total or [Econ_ValueAdd].[Top3SumPer].{0:0.0}% of the total value added by industry in Bankstown City.

In comparison, the same 3 industries in New South Wales accounted for [Econ_ValueAdd].[BMSumTop1Num].{0:0.0}% in [Econ_ValueAdd].[BMTop1Label]; [Econ_ValueAdd].[BMSumTop2Num].{0:0.0}% in [Econ_ValueAdd].[BMTop2Label]; and [Econ_ValueAdd].[BMSumTop3Num].{0:0.0}% in [Econ_ValueAdd].[BMTop3Label].

[Econ_ValueAdd].[SpatialList1]

Change in value added by industry sector, 2010/11 to 2015/16
Change in value added by industry sector, 2010/11 to 2015/16
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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