Bayside Council area

Value added

In Bayside Council area, Transport, Postal and Warehousing most productive industry, generating $2,861 million in 2021/22.

Value added by industry is an indicator of business productivity in Bayside 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 Bayside 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
Bayside Council area2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing24.90.22.413.30.12.4+11.6
Mining0.90.01.70.80.02.3+0.1
Manufacturing1,006.19.06.5901.16.46.8+105.0
Electricity, Gas, Water and Waste Services98.90.92.2121.90.92.4-23.0
Construction1,088.49.78.61,517.410.79.1-429.1
Wholesale Trade783.17.05.5714.95.05.6+68.2
Retail Trade743.96.65.4674.04.85.4+69.9
Accommodation and Food Services286.52.52.5370.02.63.0-83.5
Transport, Postal and Warehousing2,861.325.55.76,161.243.46.7-3,299.9
Information Media and Telecommunications235.02.14.0154.31.13.3+80.7
Financial and Insurance Services310.32.812.6393.12.812.7-82.8
Rental, Hiring and Real Estate Services683.86.14.5513.93.64.6+169.9
Professional, Scientific and Technical Services684.16.111.1567.94.09.6+116.2
Administrative and Support Services770.56.95.0734.95.24.6+35.6
Public Administration and Safety575.75.15.4445.13.15.2+130.6
Education and Training322.72.95.9246.31.76.0+76.4
Health Care and Social Assistance486.04.38.6398.72.87.3+87.3
Arts and Recreation Services74.80.70.851.90.40.9+22.9
Other Services201.61.81.7208.31.52.1-6.8
Total industries11,238.3100.0100.014,189.1100.0100.0-2,950.8

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

  • Transport, Postal and Warehousing (2,861 million or 25.5%)
  • Construction (1,088 million or 9.7%)
  • Manufacturing (1,006 million or 9.0%)

In combination these three industries accounted for 4,956 million in total or 44.1% of the total value added by industry in the Bayside Council area.

In comparison, the same 3 industries in New South Wales accounted for 5.7% in Transport, Postal and Warehousing; 8.6% in Construction and 6.5% in Manufacturing.

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

  • A larger percentage of value added by Transport, Postal and Warehousing (25.5% compared to 5.7%)
  • A smaller percentage of value added by Financial and Insurance Services (2.8% compared to 12.6%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (6.1% compared to 11.1%)
  • A smaller percentage of value added by Health Care and Social Assistance (4.3% compared to 8.6%)

Emerging groups

The total value added by industry in Bayside Council area $decreased by -2,951 million between 2016/17 and 2021/22.

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

  • Rental, Hiring and Real Estate Services (+$170 million)
  • Public Administration and Safety (+$131 million)
  • Professional, Scientific and Technical Services (+$116 million)
  • Manufacturing (+$105 million)

Bayside Council

economic profile