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Burwood Council area

Value added

In Burwood Council area, Financial and Insurance Services is the most productive industry, generating $321 million in 2017/18.

Value added by industry is an indicator of business productivity in Burwood 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 Burwood 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 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
Burwood Council area - Constant prices2017/182016/17Change
Industry
(Click rows to view sub-categories)
$m%New South Wales%$m%New South Wales%2016/17 to 2017/18
Agriculture, Forestry and Fishing1.30.11.81.40.12.3-0.2
Mining0.00.02.10.00.02.20
Manufacturing19.60.96.618.70.96.6+0.9
Electricity, Gas, Water and Waste Services0.90.02.31.20.12.3-0.4
Construction262.711.78.2210.19.68.1+52.7
Wholesale Trade14.90.75.017.30.85.2-2.5
Retail Trade187.68.35.3167.17.65.3+20.6
Accommodation and Food Services83.13.73.377.63.53.2+5.5
Transport, Postal and Warehousing222.69.96.0204.39.36.2+18.4
Information Media and Telecommunications32.21.44.427.31.24.3+4.9
Financial and Insurance Services321.314.314.9324.214.814.6-2.9
Rental, Hiring and Real Estate Services155.66.94.4178.48.14.5-22.8
Professional, Scientific and Technical Services167.67.49.8174.37.99.6-6.7
Administrative and Support Services73.13.34.375.73.54.4-2.6
Public Administration and Safety177.37.95.7185.58.55.6-8.2
Education and Training256.611.45.6241.411.05.6+15.2
Health Care and Social Assistance224.410.07.4240.311.07.3-15.9
Arts and Recreation Services5.60.21.05.80.31.0-0.2
Other Services43.01.91.943.62.01.9-0.6

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 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

Value added by industry sector 2017/18
Value added by industry sector 2017/18 Agriculture, Forestry and Fishing, New South Wales: 1.8% Mining, New South Wales: 2.1% Manufacturing, New South Wales: 6.6% Electricity, Gas, Water and Waste Services, New South Wales: 2.3% Construction, New South Wales: 8.2% Wholesale Trade, New South Wales: 5.0% Retail Trade, New South Wales: 5.3% Accommodation and Food Services, New South Wales: 3.3% Transport, Postal and Warehousing, New South Wales: 6.0% Information Media and Telecommunications, New South Wales: 4.4% Financial and Insurance Services, New South Wales: 14.9% Rental, Hiring and Real Estate Services, New South Wales: 4.4% Professional, Scientific and Technical Services, New South Wales: 9.8% Administrative and Support Services, New South Wales: 4.3% Public Administration and Safety, New South Wales: 5.7% Education and Training, New South Wales: 5.6% Health Care and Social Assistance, New South Wales: 7.4% Arts and Recreation Services, New South Wales: 1.0% Other Services, New South Wales: 1.9% Agriculture, Forestry and Fishing, Burwood Council area: 0.1% Mining, Burwood Council area: 0.0% Manufacturing, Burwood Council area: 0.9% Electricity, Gas, Water and Waste Services, Burwood Council area: 0.0% Construction, Burwood Council area: 11.7% Wholesale Trade, Burwood Council area: 0.7% Retail Trade, Burwood Council area: 8.3% Accommodation and Food Services, Burwood Council area: 3.7% Transport, Postal and Warehousing, Burwood Council area: 9.9% Information Media and Telecommunications, Burwood Council area: 1.4% Financial and Insurance Services, Burwood Council area: 14.3% Rental, Hiring and Real Estate Services, Burwood Council area: 6.9% Professional, Scientific and Technical Services, Burwood Council area: 7.4% Administrative and Support Services, Burwood Council area: 3.3% Public Administration and Safety, Burwood Council area: 7.9% Education and Training, Burwood Council area: 11.4% Health Care and Social Assistance, Burwood Council area: 10.0% Arts and Recreation Services, Burwood Council area: 0.2% Other Services, Burwood Council area: 1.9%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Burwood Council area in 2017/18 shows the three largest industries were:

  • Financial and Insurance Services ($321 million or 14.3%)
  • Construction ($263 million or 11.7%)
  • Education and Training ($257 million or 11.4%)

In combination these three industries accounted for $841 million in total or 37.4% of the total value added by industry in Burwood Council area.

In comparison, the same 3 industries in New South Wales accounted for 14.9% in Financial and Insurance Services; 8.2% in Construction; and 5.6% in Education and Training.

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

  • A larger percentage of value added by Education and Training (11.4% compared to 5.6%)
  • A larger percentage of value added by Transport, Postal and Warehousing (9.9% compared to 6.0%)
  • A smaller percentage of value added by Manufacturing (0.9% compared to 6.6%)
  • A smaller percentage of value added by Wholesale Trade (0.7% compared to 5.0%)

Change in value added by industry sector, 2016/17 to 2017/18
Change in value added by industry sector, 2016/17 to 2017/18 Agriculture, Forestry and Fishing, Burwood Council area: -$0.2 million Mining, Burwood Council area: 0 million Manufacturing, Burwood Council area: +$0.9 million Electricity, Gas, Water and Waste Services, Burwood Council area: -$0.4 million Construction, Burwood Council area: +$52.7 million Wholesale Trade, Burwood Council area: -$2.5 million Retail Trade, Burwood Council area: +$20.6 million Accommodation and Food Services, Burwood Council area: +$5.5 million Transport, Postal and Warehousing, Burwood Council area: +$18.4 million Information Media and Telecommunications, Burwood Council area: +$4.9 million Financial and Insurance Services, Burwood Council area: -$2.9 million Rental, Hiring and Real Estate Services, Burwood Council area: -$22.8 million Professional, Scientific and Technical Services, Burwood Council area: -$6.7 million Administrative and Support Services, Burwood Council area: -$2.6 million Public Administration and Safety, Burwood Council area: -$8.2 million Education and Training, Burwood Council area: +$15.2 million Health Care and Social Assistance, Burwood Council area: -$15.9 million Arts and Recreation Services, Burwood Council area: -$0.2 million Other Services, Burwood Council area: -$0.6 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in Burwood Council area increased by 55.2 million between 2016/17 and 2017/18.

The largest change in the value added by industries between 2016/17 and 2017/18 in Burwood Council area was for:

  • Construction (+$53 million)

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