Yass Valley

Value added

In the Yass Valley, Agriculture, Forestry and Fishing most productive industry, generating $106 million in 2021/22.

Value added by industry is an indicator of business productivity in the Yass Valley. 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 Yass Valley’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

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Value added by industry sector
Yass Valley2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing105.621.52.498.520.92.4+7.1
Mining1.90.41.70.70.22.3+1.1
Manufacturing20.34.16.517.43.76.8+2.9
Electricity, Gas, Water and Waste Services23.74.82.218.63.92.4+5.1
Construction67.113.68.678.016.59.1-10.9
Wholesale Trade13.72.85.513.62.95.6+0.2
Retail Trade19.64.05.423.65.05.4-3.9
Accommodation and Food Services18.63.82.525.35.43.0-6.7
Transport, Postal and Warehousing11.22.35.717.13.66.7-5.9
Information Media and Telecommunications4.20.84.02.30.53.3+1.9
Financial and Insurance Services9.41.912.66.31.312.7+3.1
Rental, Hiring and Real Estate Services20.24.14.521.84.64.6-1.6
Professional, Scientific and Technical Services41.48.411.128.36.09.6+13.1
Administrative and Support Services16.33.35.013.42.84.6+2.9
Public Administration and Safety31.86.55.425.15.35.2+6.7
Education and Training26.15.35.926.35.66.0-0.2
Health Care and Social Assistance46.79.58.642.49.07.3+4.2
Arts and Recreation Services1.60.30.82.40.50.9-0.8
Other Services12.22.51.710.92.32.1+1.3
Total industries491.6100.0100.0471.9100.0100.0+19.7

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 Yass Valley in 2021/22 shows the three largest industries were:

  • Agriculture, Forestry and Fishing (106 million or 21.5%)
  • Construction (67 million or 13.6%)
  • Health Care and Social Assistance (47 million or 9.5%)

In combination these three industries accounted for 219 million in total or 44.6% of the total value added by industry in the the Yass Valley.

In comparison, the same 3 industries in New South Wales accounted for 2.4% in Agriculture, Forestry and Fishing; 8.6% in Construction and 8.6% in Health Care and Social Assistance.

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

  • A larger percentage of value added by Agriculture, Forestry and Fishing (21.5% compared to 2.4%)
  • A smaller percentage of value added by Financial and Insurance Services (1.9% compared to 12.6%)
  • A larger percentage of value added by Construction (13.6% compared to 8.6%)
  • A smaller percentage of value added by Transport, Postal and Warehousing (2.3% compared to 5.7%)

Emerging groups

The total value added by industry in the Yass Valley $increased by 20 million between 2016/17 and 2021/22.

The largest changes in the value added by industries between 2016/17 and 2021/22 in the Yass Valley were for:

  • Professional, Scientific and Technical Services (+$13 million)
  • Agriculture, Forestry and Fishing (+$7 million)
  • Public Administration and Safety (+$7 million)
  • Electricity, Gas, Water and Waste Services (+$5 million)

Yass Valley

economic profile