Inner West CouncilEconomic profile
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Inner West Council area

Value added

In the Inner West Council area, Health Care and Social Assistance is the most productive industry, generating $781 million in 2018/19.

Value added by industry is an indicator of business productivity in Inner West Council. 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 Inner West Council’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
Inner West Council area - Constant prices2018/192007/08Change
Industry
(Click rows to view sub-categories)
$m%Australia%$m%Australia%2007/08 to 2018/19
Agriculture, Forestry and Fishing20.80.32.812.70.23.2+8.1
Mining3.20.09.30.40.06.7+2.8
Manufacturing594.37.56.6637.79.79.9-43.4
Electricity, Gas, Water and Waste Services20.20.32.924.10.43.3-3.9
Construction723.79.18.7444.86.89.3+278.8
Wholesale Trade517.16.54.5437.46.74.6+79.8
Retail Trade582.57.35.0451.16.95.2+131.4
Accommodation and Food Services408.95.12.7319.54.93.1+89.4
Transport, Postal and Warehousing449.95.65.3457.67.06.0-7.7
Information Media and Telecommunications261.43.32.9207.63.22.8+53.8
Financial and Insurance Services505.16.310.3370.25.710.0+134.9
Rental, Hiring and Real Estate Services480.86.03.5429.56.62.9+51.3
Professional, Scientific and Technical Services771.19.78.1605.59.36.6+165.6
Administrative and Support Services426.85.43.9416.76.44.3+10.1
Public Administration and Safety521.46.56.2406.36.26.4+115.1
Education and Training514.06.55.5410.36.35.8+103.7
Health Care and Social Assistance781.29.88.7599.89.26.7+181.3
Arts and Recreation Services84.71.11.060.10.90.9+24.6
Other Services299.43.82.1253.83.92.3+45.6

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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 2018/19
Value added by industry sector 2018/19 Agriculture, Forestry and Fishing, Australia: 2.8% Mining, Australia: 9.3% Manufacturing, Australia: 6.6% Electricity, Gas, Water and Waste Services, Australia: 2.9% Construction, Australia: 8.7% Wholesale Trade, Australia: 4.5% Retail Trade, Australia: 5.0% Accommodation and Food Services, Australia: 2.7% Transport, Postal and Warehousing, Australia: 5.3% Information Media and Telecommunications, Australia: 2.9% Financial and Insurance Services, Australia: 10.3% Rental, Hiring and Real Estate Services, Australia: 3.5% Professional, Scientific and Technical Services, Australia: 8.1% Administrative and Support Services, Australia: 3.9% Public Administration and Safety, Australia: 6.2% Education and Training, Australia: 5.5% Health Care and Social Assistance, Australia: 8.7% Arts and Recreation Services, Australia: 1.0% Other Services, Australia: 2.1% Agriculture, Forestry and Fishing, Inner West Council area: 0.3% Mining, Inner West Council area: 0.0% Manufacturing, Inner West Council area: 7.5% Electricity, Gas, Water and Waste Services, Inner West Council area: 0.3% Construction, Inner West Council area: 9.1% Wholesale Trade, Inner West Council area: 6.5% Retail Trade, Inner West Council area: 7.3% Accommodation and Food Services, Inner West Council area: 5.1% Transport, Postal and Warehousing, Inner West Council area: 5.6% Information Media and Telecommunications, Inner West Council area: 3.3% Financial and Insurance Services, Inner West Council area: 6.3% Rental, Hiring and Real Estate Services, Inner West Council area: 6.0% Professional, Scientific and Technical Services, Inner West Council area: 9.7% Administrative and Support Services, Inner West Council area: 5.4% Public Administration and Safety, Inner West Council area: 6.5% Education and Training, Inner West Council area: 6.5% Health Care and Social Assistance, Inner West Council area: 9.8% Arts and Recreation Services, Inner West Council area: 1.1% Other Services, Inner West Council area: 3.8%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Inner West Council area in 2018/19 shows the three largest industries were:

  • Health Care and Social Assistance ($781 million or 9.8%)
  • Professional, Scientific and Technical Services ($771 million or 9.7%)
  • Construction ($724 million or 9.1%)

In combination these three industries accounted for $2,276 million in total or 28.6% of the total value added by industry in the Inner West Council area.

In comparison, the same 3 industries in Australia accounted for 8.7% in Health Care and Social Assistance; 8.1% in Professional, Scientific and Technical Services; and 8.7% in Construction.

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

  • A larger percentage of value added by Rental, Hiring and Real Estate Services (6.0% compared to 3.5%)
  • A smaller percentage of value added by Mining (0.0% compared to 9.3%)
  • A smaller percentage of value added by Financial and Insurance Services (6.3% compared to 10.3%)
  • A smaller percentage of value added by Electricity, Gas, Water and Waste Services (0.3% compared to 2.9%)

Change in value added by industry sector, 2007/08 to 2018/19
Change in value added by industry sector, 2007/08 to 2018/19 Agriculture, Forestry and Fishing, Inner West Council area: +$8.1 million Mining, Inner West Council area: +$2.8 million Manufacturing, Inner West Council area: -$43.4 million Electricity, Gas, Water and Waste Services, Inner West Council area: -$3.9 million Construction, Inner West Council area: +$278.8 million Wholesale Trade, Inner West Council area: +$79.8 million Retail Trade, Inner West Council area: +$131.4 million Accommodation and Food Services, Inner West Council area: +$89.4 million Transport, Postal and Warehousing, Inner West Council area: -$7.7 million Information Media and Telecommunications, Inner West Council area: +$53.8 million Financial and Insurance Services, Inner West Council area: +$134.9 million Rental, Hiring and Real Estate Services, Inner West Council area: +$51.3 million Professional, Scientific and Technical Services, Inner West Council area: +$165.6 million Administrative and Support Services, Inner West Council area: +$10.1 million Public Administration and Safety, Inner West Council area: +$115.1 million Education and Training, Inner West Council area: +$103.7 million Health Care and Social Assistance, Inner West Council area: +$181.3 million Arts and Recreation Services, Inner West Council area: +$24.6 million Other Services, Inner West Council area: +$45.6 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in the Inner West Council area increased by 1,421.4 million between 2007/08 and 2018/19.

The largest changes in the value added by industries between 2007/08 and 2018/19 in the Inner West Council area were for:

  • Construction (+$279 million)
  • Health Care and Social Assistance (+$181 million)
  • Professional, Scientific and Technical Services (+$166 million)
  • Financial and Insurance Services (+$135 million)

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