Gosford City CouncilEconomic profile

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In Gosford City, Health Care and Social Assistance is the most productive industry, generating $827 million in 2014/15.

Value added by industry is an indicator of business productivity in Gosford 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 Gosford 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
Gosford 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 Fishing47.70.91.640.30.81.5+7.5
Mining16.10.32.810.30.22.4+5.8
Manufacturing459.38.67.4505.810.19.4-46.5
Electricity, Gas, Water and Waste Services137.42.62.8146.42.93.4-8.9
Construction428.38.07.1369.37.45.8+59.0
Wholesale Trade206.73.95.3192.33.95.3+14.4
Retail Trade480.29.05.5442.18.95.3+38.1
Accommodation and Food Services319.16.03.5250.75.03.4+68.5
Transport, Postal and Warehousing155.22.95.0155.13.15.1+0.1
Information Media and Telecommunications253.34.74.9170.83.45.0+82.5
Financial and Insurance Services332.96.214.9320.26.414.1+12.7
Rental, Hiring and Real Estate Services244.04.63.9213.34.33.3+30.7
Professional, Scientific and Technical Services288.05.48.2290.45.88.4-2.3
Administrative and Support Services181.93.43.7183.13.73.8-1.2
Public Administration and Safety326.26.16.0339.26.86.3-13.1
Education and Training341.36.45.9343.36.96.3-2.0
Health Care and Social Assistance827.215.57.7743.014.97.2+84.2
Arts and Recreation Services96.61.81.276.21.51.3+20.4
Other Services200.93.82.4199.84.02.6+1.1

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 2015-16 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, Gosford City: 0.9% Mining, Gosford City: 0.3% Manufacturing, Gosford City: 8.6% Electricity, Gas, Water and Waste Services, Gosford City: 2.6% Construction, Gosford City: 8.0% Wholesale Trade, Gosford City: 3.9% Retail Trade, Gosford City: 9.0% Accommodation and Food Services, Gosford City: 6.0% Transport, Postal and Warehousing, Gosford City: 2.9% Information Media and Telecommunications, Gosford City: 4.7% Financial and Insurance Services, Gosford City: 6.2% Rental, Hiring and Real Estate Services, Gosford City: 4.6% Professional, Scientific and Technical Services, Gosford City: 5.4% Administrative and Support Services, Gosford City: 3.4% Public Administration and Safety, Gosford City: 6.1% Education and Training, Gosford City: 6.4% Health Care and Social Assistance, Gosford City: 15.5% Arts and Recreation Services, Gosford City: 1.8% Other Services, Gosford City: 3.8%
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 Gosford City in 2014/15 shows the three largest industries were:

  • Health Care and Social Assistance ($827 million or 15.5%)
  • Retail Trade ($480 million or 9.0%)
  • Manufacturing ($459 million or 8.6%)

In combination these three industries accounted for $1,767 million in total or 33.1% of the total value added by industry in Gosford City.

In comparison, the same 3 industries in New South Wales accounted for 7.7% in Health Care and Social Assistance; 5.5% in Retail Trade; and 7.4% in Manufacturing.

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

  • A larger percentage of value added by Health Care and Social Assistance (15.5% compared to 7.7%)
  • A larger percentage of value added by Retail Trade (9.0% compared to 5.5%)
  • A smaller percentage of value added by Financial and Insurance Services (6.2% compared to 14.9%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (5.4% 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, Gosford City: +$7.5 million Mining, Gosford City: +$5.8 million Manufacturing, Gosford City: -$46.5 million Electricity, Gas, Water and Waste Services, Gosford City: -$8.9 million Construction, Gosford City: +$59.0 million Wholesale Trade, Gosford City: +$14.4 million Retail Trade, Gosford City: +$38.1 million Accommodation and Food Services, Gosford City: +$68.5 million Transport, Postal and Warehousing, Gosford City: +$0.1 million Information Media and Telecommunications, Gosford City: +$82.5 million Financial and Insurance Services, Gosford City: +$12.7 million Rental, Hiring and Real Estate Services, Gosford City: +$30.7 million Professional, Scientific and Technical Services, Gosford City: -$2.3 million Administrative and Support Services, Gosford City: -$1.2 million Public Administration and Safety, Gosford City: -$13.1 million Education and Training, Gosford City: -$2.0 million Health Care and Social Assistance, Gosford City: +$84.2 million Arts and Recreation Services, Gosford City: +$20.4 million Other Services, Gosford City: +$1.1 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 Gosford City increased by 350.9 million between 2009/10 and 2014/15.

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

  • Health Care and Social Assistance (+$84 million)
  • Information Media and Telecommunications (+$82 million)
  • Accommodation and Food Services (+$68 million)
  • Construction (+$59 million)

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