Inner West Council area

Value added

In the Inner West Council area, Professional, Scientific and Technical Services most productive industry, generating $864 million in 2019/20.

Value added by industry is an indicator of business productivity in the Inner West 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 the Inner West 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
Inner West Council area2019/202014/15Change
Industry$m%. New South Wales$m%. New South Wales2014/15 - 2019/20
Agriculture, Forestry and Fishing6.50.11.514.70.22.4-8.2
Mining2.50.03.90.80.04.3+1.8
Manufacturing570.77.16.2607.77.87.0-36.9
Electricity, Gas, Water and Waste Services20.30.32.522.80.32.7-2.5
Construction750.79.48.7684.18.88.4+66.6
Wholesale Trade425.45.34.6473.76.14.4-48.3
Retail Trade593.47.44.9595.97.65.0-2.5
Accommodation and Food Services387.54.82.7348.84.53.1+38.7
Transport, Postal and Warehousing401.35.05.7505.26.56.2-104.0
Information Media and Telecommunications201.82.53.5222.02.83.3-20.1
Financial and Insurance Services516.06.414.1467.26.014.2+48.8
Rental, Hiring and Real Estate Services509.96.44.4540.16.94.2-30.2
Professional, Scientific and Technical Services864.310.810.3786.210.18.9+78.1
Administrative and Support Services443.85.54.7455.35.84.6-11.5
Public Administration and Safety559.47.05.7462.75.95.4+96.6
Education and Training569.97.15.9506.96.55.9+63.0
Health Care and Social Assistance813.310.28.0746.39.67.0+67.0
Arts and Recreation Services84.11.10.976.01.00.9+8.1
Other Services280.83.51.9279.73.62.2+1.0
Total industries8,001.8100.0100.07,796.3100.0100.0+205.5

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. 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 Inner West Council area in 2019/20 shows the three largest industries were:

  • Professional, Scientific and Technical Services (864 million or 10.8%)
  • Health Care and Social Assistance (813 million or 10.2%)
  • Construction (751 million or 9.4%)

In combination these three industries accounted for 2,428 million in total or 30.3% of the total value added by industry in the the Inner West Council area.

In comparison, the same 3 industries in New South Wales accounted for 10.3% in Professional, Scientific and Technical Services; 8.0% in Health Care and Social Assistance and 8.7% in Construction.

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

  • A smaller percentage of value added by Financial and Insurance Services (6.4% compared to 14.1%)
  • A smaller percentage of value added by Mining (0.0% compared to 3.9%)
  • A larger percentage of value added by Retail Trade (7.4% compared to 4.9%)
  • A smaller percentage of value added by Electricity, Gas, Water and Waste Services (0.3% compared to 2.5%)

Emerging groups

The total value added by industry in the Inner West Council area $increased by 206 million between 2014/15 and 2019/20.

The largest changes in the value added by industries between 2014/15 and 2019/20 in the Inner West Council area were for:

  • Public Administration and Safety (+$97 million)
  • Professional, Scientific and Technical Services (+$78 million)
  • Health Care and Social Assistance (+$67 million)
  • Construction (+$67 million)

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Inner West Council

economic profile