Bankstown City CouncilEconomic profile

Have you noticed that pages have moved around? We've updated the structure of economic profile to make it easier to find what you need. Read the full list of changes

Skip to content

In Bankstown City, Manufacturing is the most productive industry, generating $1,592 million in 2014/15.

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
Bankstown City - Constant prices2014/152009/10Change
Industry
(Click rows to view sub-categories)
$m%New South Wales%$m%New South Wales%2009/10 to 2014/15
Agriculture, Forestry and Fishing5.70.11.65.10.11.5+0.6
Mining0.80.02.81.10.02.4-0.3
Manufacturing1,592.021.27.41,928.727.29.4-336.6
Electricity, Gas, Water and Waste Services253.13.42.8232.53.33.4+20.6
Construction550.37.37.1410.15.85.8+140.2
Wholesale Trade823.611.05.3607.88.65.3+215.8
Retail Trade434.55.85.5399.85.65.3+34.7
Accommodation and Food Services214.22.93.5184.62.63.4+29.7
Transport, Postal and Warehousing515.56.95.0551.47.85.1-35.9
Information Media and Telecommunications211.92.84.9249.63.55.0-37.7
Financial and Insurance Services427.75.714.9355.85.014.1+71.8
Rental, Hiring and Real Estate Services215.72.93.9161.42.33.3+54.3
Professional, Scientific and Technical Services269.63.68.2233.93.38.4+35.7
Administrative and Support Services194.22.63.7173.32.43.8+21.0
Public Administration and Safety378.25.06.0330.84.76.3+47.4
Education and Training562.67.55.9519.07.36.3+43.6
Health Care and Social Assistance561.17.57.7480.06.87.2+81.1
Arts and Recreation Services55.20.71.248.30.71.3+6.9
Other Services228.63.12.4222.43.12.6+6.2

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.

Value added by industry sector 2014/15
Value added by industry sector 2014/15 Agriculture, Forestry and Fishing, New South Wales: 1.6% Mining, New South Wales: 2.8% Manufacturing, New South Wales: 7.4% Electricity, Gas, Water and Waste Services, New South Wales: 2.8% Construction, New South Wales: 7.1% Wholesale Trade, New South Wales: 5.3% Retail Trade, New South Wales: 5.5% Accommodation and Food Services, New South Wales: 3.5% Transport, Postal and Warehousing, New South Wales: 5.0% Information Media and Telecommunications, New South Wales: 4.9% Financial and Insurance Services, New South Wales: 14.9% Rental, Hiring and Real Estate Services, New South Wales: 3.9% Professional, Scientific and Technical Services, New South Wales: 8.2% Administrative and Support Services, New South Wales: 3.7% Public Administration and Safety, New South Wales: 6.0% Education and Training, New South Wales: 5.9% Health Care and Social Assistance, New South Wales: 7.7% Arts and Recreation Services, New South Wales: 1.2% Other Services, New South Wales: 2.4% Agriculture, Forestry and Fishing, Bankstown City: 0.1% Mining, Bankstown City: 0.0% Manufacturing, Bankstown City: 21.2% Electricity, Gas, Water and Waste Services, Bankstown City: 3.4% Construction, Bankstown City: 7.3% Wholesale Trade, Bankstown City: 11.0% Retail Trade, Bankstown City: 5.8% Accommodation and Food Services, Bankstown City: 2.9% Transport, Postal and Warehousing, Bankstown City: 6.9% Information Media and Telecommunications, Bankstown City: 2.8% Financial and Insurance Services, Bankstown City: 5.7% Rental, Hiring and Real Estate Services, Bankstown City: 2.9% Professional, Scientific and Technical Services, Bankstown City: 3.6% Administrative and Support Services, Bankstown City: 2.6% Public Administration and Safety, Bankstown City: 5.0% Education and Training, Bankstown City: 7.5% Health Care and Social Assistance, Bankstown City: 7.5% Arts and Recreation Services, Bankstown City: 0.7% Other Services, Bankstown City: 3.1%
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 2014/15 shows the three largest industries were:

  • Manufacturing ($1,592 million or 21.2%)
  • Wholesale Trade ($824 million or 11.0%)
  • Education and Training ($563 million or 7.5%)

In combination these three industries accounted for $2,978 million in total or 39.7% of the total value added by industry in Bankstown City.

In comparison, the same 3 industries in New South Wales accounted for 7.4% in Manufacturing; 5.3% in Wholesale Trade; and 5.9% in Education and Training.

The major differences between the value added by industries of Bankstown City and New South Wales were:

  • A larger percentage of value added by Manufacturing (21.2% compared to 7.4%)
  • A larger percentage of value added by Wholesale Trade (11.0% compared to 5.3%)
  • A smaller percentage of value added by Financial and Insurance Services (5.7% compared to 14.9%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (3.6% compared to 8.2%)

Change in value added by industry sector, 2009/10 to 2014/15
Change in value added by industry sector, 2009/10 to 2014/15 Agriculture, Forestry and Fishing, Bankstown City: +$0.6 million Mining, Bankstown City: -$0.3 million Manufacturing, Bankstown City: -$336.6 million Electricity, Gas, Water and Waste Services, Bankstown City: +$20.6 million Construction, Bankstown City: +$140.2 million Wholesale Trade, Bankstown City: +$215.8 million Retail Trade, Bankstown City: +$34.7 million Accommodation and Food Services, Bankstown City: +$29.7 million Transport, Postal and Warehousing, Bankstown City: -$35.9 million Information Media and Telecommunications, Bankstown City: -$37.7 million Financial and Insurance Services, Bankstown City: +$71.8 million Rental, Hiring and Real Estate Services, Bankstown City: +$54.3 million Professional, Scientific and Technical Services, Bankstown City: +$35.7 million Administrative and Support Services, Bankstown City: +$21.0 million Public Administration and Safety, Bankstown City: +$47.4 million Education and Training, Bankstown City: +$43.6 million Health Care and Social Assistance, Bankstown City: +$81.1 million Arts and Recreation Services, Bankstown City: +$6.9 million Other Services, Bankstown City: +$6.2 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in Bankstown City increased by 399.0 million between 2009/10 and 2014/15.

The largest changes in the value added by industries between 2009/10 and 2014/15 in Bankstown City were for:

  • Manufacturing (-$337 million)
  • Wholesale Trade (+$216 million)
  • Construction (+$140 million)
  • Health Care and Social Assistance (+$81 million)

v16.07.05-1.0.8