Bayside Council area
In the Bayside Council area, Financial and Insurance Services had the highest productivity by industry, generating $437 per hour in 2016/17.
Worker productivity by industry is calculated by dividing the industry value add by the number of persons employed in that industry. It shows which industries generate the most value add per employee. Some industry sectors, such as retail trade, are not highly productive per worker, but they employ a lot of people. Other industries, such as mining, employ fewer people but generate high levels of productivity. Each plays an important role in the economy.
Worker productivity data should be viewed in conjunction with Employment by industry (Total) and Employment by industry (FTE), to see the relative size of employment in each industry, and with Local workers income to see how many local workers are actually each in each industry, and with Sources of income data to see whether employment is the main way income is derived.
Detailed notes about how the figures are derived can be found in the specific topic notes section.
National Economics (NIEIR) - Modelled series
|Worker productivity per hour by industry|
|Bayside Council area - Constant prices||2016/17||2011/12||Change|
|Industry (Click rows to view sub-categories)||$||New South Wales $||$||New South Wales $||2011/12 to 2016/17|
|Agriculture, Forestry and Fishing||161.73||125.73||111.88||104.09||+49.85||23000||P|
|Electricity, Gas, Water and Waste Services||252.30||287.20||208.25||307.22||+44.05||23300||P|
|Accommodation and Food Services||81.92||79.21||74.16||73.14||+7.77||23700||P|
|Transport, Postal and Warehousing||223.66||152.63||172.91||142.64||+50.76||23800||P|
|Information Media and Telecommunications||227.29||248.78||193.42||194.96||+33.88||23900||P|
|Financial and Insurance Services||437.47||396.51||365.86||342.25||+71.61||24000||P|
|Rental, Hiring and Real Estate Services||207.46||334.52||170.41||263.59||+37.05||24100||P|
|Professional, Scientific and Technical Services||130.70||130.71||127.72||128.25||+2.99||24200||P|
|Administrative and Support Services||196.68||195.82||185.57||187.72||+11.12||24300||P|
|Public Administration and Safety||140.67||143.14||133.25||131.91||+7.42||24400||P|
|Education and Training||94.87||107.00||102.11||109.63||-7.24||24500||P|
|Health Care and Social Assistance||89.58||91.20||87.47||89.71||+2.11||24600||P|
|Arts and Recreation Services||87.98||89.48||79.66||82.99||+8.32||24700||P|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2016. Compiled and presented in economy.id by .id (opens a new window), the population experts.
Data are based on a 2015-16 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more
An analysis of the worker productivity per hour by industry sectors in Bayside Council area in 2016/17 shows the three highest industries were:
- Financial and Insurance Services ($437)
- Electricity, Gas, Water and Waste Services ($252)
- Information Media and Telecommunications ($227)
In comparison, the same 3 industries in New South Wales were for $397 in Financial and Insurance Services; $287 in Electricity, Gas, Water and Waste Services; and $249 in Information Media and Telecommunications.
The major differences between worker productivity per hour by industries in the Bayside Council area and New South Wales were:
- Higher worker productivity in Transport, Postal and Warehousing ($224 compared to $153)
- Higher worker productivity in Financial and Insurance Services ($437 compared to $397)
- Lower worker productivity in Mining ($84 compared to $254)
- Lower worker productivity in Rental, Hiring and Real Estate Services ($207 compared to $335)
The total worker productivity by industry in the Bayside Council area remained stable $ between 2011/12 and 2016/17.
The largest changes in worker productivity per hour by industries between 2011/12 and 2016/17 in the Bayside Council area were for:
- Financial and Insurance Services (+$72)
- Construction (+$69)
- Transport, Postal and Warehousing (+$51)
- Agriculture, Forestry and Fishing (+$50)