Inner West Council area
Local sales by industry measures the output of local industries that is sold locally. This includes sales to local consumers, businesses and other organisations.
To get the full picture how each industry sector contributes to the regional or state economy, local sales data should be viewed alongside the other industry characteristics in the Industry sector analysis section.
Detailed notes about how the figures are derived can be found in the specific topic notes section.
National Economics (NIEIR) - Modelled series
|Local sales by industry sector|
|Inner West Council area - Constant prices||2019/20||2014/15||Change|
|Industry||$m||%||New South Wales||$m||%||New South Wales||2014/15 - 2019/20|
|Agriculture, Forestry and Fishing||14.9||0.1||1.1||23.8||0.2||1.8||-8.9|
|Electricity, Gas, Water and Waste Services||60.5||0.4||2.7||39.5||0.3||2.8||+21.0|
|Accommodation and Food Services||646.7||4.2||2.7||614.2||4.4||3.0||+32.5|
|Transport, Postal and Warehousing||755.7||4.9||4.4||774.4||5.6||4.4||-18.6|
|Information Media and Telecommunications||345.5||2.3||3.3||303.3||2.2||2.6||+42.2|
|Financial and Insurance Services||736.3||4.8||6.5||656.4||4.7||7.0||+79.9|
|Rental, Hiring and Real Estate Services||2,848.4||18.6||16.2||3,006.2||21.6||16.8||-157.8|
|Professional, Scientific and Technical Services||1,284.2||8.4||8.6||1,082.9||7.8||7.8||+201.3|
|Administrative and Support Services||551.4||3.6||3.9||553.7||4.0||4.4||-2.3|
|Public Administration and Safety||835.4||5.4||3.9||706.1||5.1||3.8||+129.3|
|Education and Training||609.6||4.0||3.6||507.9||3.6||3.6||+101.7|
|Health Care and Social Assistance||942.2||6.1||5.9||732.2||5.3||5.1||+210.0|
|Arts and Recreation Services||183.5||1.2||1.1||141.9||1.0||1.0||+41.6|
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions) NIEIR-ID data are adjusted each year, using updated employment estimates. .id (informed decisions). 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
An analysis of the local sales by industry sectors in the Inner West Council area in 2018/19 shows the three largest industries were:
- Rental, Hiring and Real Estate Services ($2,848million or 18.6%)
- Construction ($2,598million or 16.9%)
- Professional, Scientific and Technical Services ($1,284million or 8.4%)
In combination these three industries accounted for $6,731 million in total or 43.9% of the total local sales by total industry in the the Inner West Council area.
In comparison, the same 3 industries in New South Wales accounted for 16.2% in Rental, Hiring and Real Estate Services; 19.9% in Construction and 8.6% in Professional, Scientific and Technical Services.
The major differences between local sales by industries of the Inner West Council area and New South Wales were:
- A smaller percentage of local sales by Construction (16.9% compared to 19.9%)
- A larger percentage of local sales by Rental, Hiring and Real Estate Services (18.6% compared to 16.2%)
- A smaller percentage of local sales by Electricity, Gas, Water and Waste Services (0.4% compared to 2.7%)
- A larger percentage of local sales by Retail Trade (6.0% compared to 4.3%)
The total local sales by industry in the Inner West Council area $increased by 1,414 million between 2014/15 and 2019/20.
The largest changes in the local sales by industries between 2014/15 and 2019/20 in the Inner West Council area were for:
- Construction (+$572 million)
- Health Care and Social Assistance (+$210 million)
- Professional, Scientific and Technical Services (+$201 million)
- Rental, Hiring and Real Estate Services (-$158 million)