Wyong Shire CouncilEconomic profile

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In Wyong Shire, Health Care and Social Assistance is the most productive industry, generating $489 million in 2014/15.

Value added by industry is an indicator of business productivity in Wyong Shire. 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 Wyong Shire’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
Wyong Shire - 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 Fishing33.00.81.627.30.71.5+5.7
Mining51.51.22.846.31.22.4+5.2
Manufacturing446.810.57.4488.912.29.4-42.1
Electricity, Gas, Water and Waste Services259.86.12.8293.07.33.4-33.2
Construction306.37.27.1315.27.85.8-8.9
Wholesale Trade162.23.85.3143.93.65.3+18.2
Retail Trade399.39.45.5362.69.05.3+36.7
Accommodation and Food Services270.96.43.5216.85.43.4+54.1
Transport, Postal and Warehousing203.34.85.0175.74.45.1+27.6
Information Media and Telecommunications116.42.74.980.82.05.0+35.6
Financial and Insurance Services246.35.814.9241.96.014.1+4.4
Rental, Hiring and Real Estate Services175.44.13.9154.53.83.3+20.8
Professional, Scientific and Technical Services150.13.58.2154.73.88.4-4.5
Administrative and Support Services154.53.63.7146.43.63.8+8.1
Public Administration and Safety251.25.96.0247.36.16.3+3.8
Education and Training332.07.85.9324.48.16.3+7.6
Health Care and Social Assistance488.611.57.7422.710.57.2+65.9
Arts and Recreation Services65.41.51.252.11.31.3+13.2
Other Services133.53.12.4128.83.22.6+4.7

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, Wyong Shire: 0.8% Mining, Wyong Shire: 1.2% Manufacturing, Wyong Shire: 10.5% Electricity, Gas, Water and Waste Services, Wyong Shire: 6.1% Construction, Wyong Shire: 7.2% Wholesale Trade, Wyong Shire: 3.8% Retail Trade, Wyong Shire: 9.4% Accommodation and Food Services, Wyong Shire: 6.4% Transport, Postal and Warehousing, Wyong Shire: 4.8% Information Media and Telecommunications, Wyong Shire: 2.7% Financial and Insurance Services, Wyong Shire: 5.8% Rental, Hiring and Real Estate Services, Wyong Shire: 4.1% Professional, Scientific and Technical Services, Wyong Shire: 3.5% Administrative and Support Services, Wyong Shire: 3.6% Public Administration and Safety, Wyong Shire: 5.9% Education and Training, Wyong Shire: 7.8% Health Care and Social Assistance, Wyong Shire: 11.5% Arts and Recreation Services, Wyong Shire: 1.5% Other Services, Wyong Shire: 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 Wyong Shire in 2014/15 shows the three largest industries were:

  • Health Care and Social Assistance ($489 million or 11.5%)
  • Manufacturing ($447 million or 10.5%)
  • Retail Trade ($399 million or 9.4%)

In combination these three industries accounted for $1,335 million in total or 31.4% of the total value added by industry in Wyong Shire.

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

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

  • A larger percentage of value added by Retail Trade (9.4% compared to 5.5%)
  • A larger percentage of value added by Health Care and Social Assistance (11.5% compared to 7.7%)
  • A smaller percentage of value added by Financial and Insurance Services (5.8% compared to 14.9%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (3.5% 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, Wyong Shire: +$5.7 million Mining, Wyong Shire: +$5.2 million Manufacturing, Wyong Shire: -$42.1 million Electricity, Gas, Water and Waste Services, Wyong Shire: -$33.2 million Construction, Wyong Shire: -$8.9 million Wholesale Trade, Wyong Shire: +$18.2 million Retail Trade, Wyong Shire: +$36.7 million Accommodation and Food Services, Wyong Shire: +$54.1 million Transport, Postal and Warehousing, Wyong Shire: +$27.6 million Information Media and Telecommunications, Wyong Shire: +$35.6 million Financial and Insurance Services, Wyong Shire: +$4.4 million Rental, Hiring and Real Estate Services, Wyong Shire: +$20.8 million Professional, Scientific and Technical Services, Wyong Shire: -$4.5 million Administrative and Support Services, Wyong Shire: +$8.1 million Public Administration and Safety, Wyong Shire: +$3.8 million Education and Training, Wyong Shire: +$7.6 million Health Care and Social Assistance, Wyong Shire: +$65.9 million Arts and Recreation Services, Wyong Shire: +$13.2 million Other Services, Wyong Shire: +$4.7 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 Wyong Shire increased by 223.0 million between 2009/10 and 2014/15.

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

  • Health Care and Social Assistance (+$66 million)
  • Accommodation and Food Services (+$54 million)

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