Inner West Council area

Value added

In the Inner West Council area, Professional, Scientific and Technical Services most productive industry, generating $1,152 million in 2021/22.

Value added by industry is an indicator of business productivity in the Inner West Council area. 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 the Inner West Council area’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

Current benchmark:
Comparison year:
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Value added by industry sector
Inner West Council area2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing19.10.22.414.80.22.4+4.2
Mining15.70.21.72.90.02.3+12.8
Manufacturing675.27.46.5731.98.46.8-56.7
Electricity, Gas, Water and Waste Services32.70.42.218.30.22.4+14.3
Construction876.49.68.6827.49.59.1+49.0
Wholesale Trade442.64.85.5579.36.65.6-136.7
Retail Trade783.78.65.4667.27.75.4+116.5
Accommodation and Food Services365.64.02.5387.74.43.0-22.1
Transport, Postal and Warehousing576.46.35.7533.26.16.7+43.2
Information Media and Telecommunications268.82.94.0208.52.43.3+60.3
Financial and Insurance Services397.34.312.6475.15.412.7-77.8
Rental, Hiring and Real Estate Services511.95.64.5532.26.14.6-20.2
Professional, Scientific and Technical Services1,152.312.611.1918.610.59.6+233.6
Administrative and Support Services439.14.85.0460.55.34.6-21.3
Public Administration and Safety513.55.65.4554.26.45.2-40.7
Education and Training715.77.85.9558.06.46.0+157.7
Health Care and Social Assistance986.510.88.6837.89.67.3+148.7
Arts and Recreation Services127.31.40.8118.81.40.9+8.5
Other Services262.72.91.7292.63.42.1-29.9
Total industries9,162.7100.0100.08,719.1100.0100.0+443.6

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 the Inner West Council area in 2021/22 shows the three largest industries were:

  • Professional, Scientific and Technical Services (1,152 million or 12.6%)
  • Health Care and Social Assistance (987 million or 10.8%)
  • Construction (876 million or 9.6%)

In combination these three industries accounted for 3,015 million in total or 32.9% of the total value added by industry in the the Inner West Council area.

In comparison, the same 3 industries in New South Wales accounted for 11.1% in Professional, Scientific and Technical Services; 8.6% in Health Care and Social Assistance and 8.6% in Construction.

The major differences between the value added by industries of the Inner West Council area and New South Wales were:

  • A smaller percentage of value added by Financial and Insurance Services (4.3% compared to 12.6%)
  • A larger percentage of value added by Retail Trade (8.6% compared to 5.4%)
  • A smaller percentage of value added by Agriculture, Forestry and Fishing (0.2% compared to 2.4%)
  • A larger percentage of value added by Health Care and Social Assistance (10.8% compared to 8.6%)

Emerging groups

The total value added by industry in the Inner West Council area $increased by 444 million between 2016/17 and 2021/22.

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

  • Professional, Scientific and Technical Services (+$234 million)
  • Education and Training (+$158 million)
  • Health Care and Social Assistance (+$149 million)
  • Retail Trade (+$117 million)

Inner West Council

economic profile