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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 $778 million in 2018/19.

Value added by industry is an indicator of business productivity in 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 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 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)
$m%New South Wales%$m%New South Wales%2007/08 to 2018/19
Agriculture, Forestry and Fishing15.00.21.413.70.22.0+1.3
Mining3.30.03.60.40.03.0+3.0
Manufacturing617.57.86.3642.49.99.5-24.9
Electricity, Gas, Water and Waste Services15.80.22.423.80.42.9-8.0
Construction675.38.58.4433.76.77.9+241.6
Wholesale Trade499.46.34.9429.66.64.4+69.8
Retail Trade587.47.45.1454.37.05.2+133.1
Accommodation and Food Services415.05.23.2326.35.03.6+88.7
Transport, Postal and Warehousing405.35.15.8434.16.76.4-28.9
Information Media and Telecommunications268.63.44.0203.63.13.8+65.1
Financial and Insurance Services513.96.514.4373.85.814.0+140.1
Rental, Hiring and Real Estate Services499.86.34.7424.46.53.3+75.4
Professional, Scientific and Technical Services755.39.59.7602.59.37.6+152.8
Administrative and Support Services429.65.44.5418.66.45.0+11.0
Public Administration and Safety528.26.75.5403.86.25.6+124.4
Education and Training507.36.45.3401.66.25.7+105.7
Health Care and Social Assistance778.49.87.7597.89.26.8+180.6
Arts and Recreation Services85.31.10.961.00.90.8+24.3
Other Services316.04.02.2251.63.92.4+64.4

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, New South Wales: 1.4% Mining, New South Wales: 3.6% Manufacturing, New South Wales: 6.3% Electricity, Gas, Water and Waste Services, New South Wales: 2.4% Construction, New South Wales: 8.4% Wholesale Trade, New South Wales: 4.9% Retail Trade, New South Wales: 5.1% Accommodation and Food Services, New South Wales: 3.2% Transport, Postal and Warehousing, New South Wales: 5.8% Information Media and Telecommunications, New South Wales: 4.0% Financial and Insurance Services, New South Wales: 14.4% Rental, Hiring and Real Estate Services, New South Wales: 4.7% Professional, Scientific and Technical Services, New South Wales: 9.7% Administrative and Support Services, New South Wales: 4.5% Public Administration and Safety, New South Wales: 5.5% Education and Training, New South Wales: 5.3% Health Care and Social Assistance, New South Wales: 7.7% Arts and Recreation Services, New South Wales: 0.9% Other Services, New South Wales: 2.2% Agriculture, Forestry and Fishing, Inner West Council area: 0.2% Mining, Inner West Council area: 0.0% Manufacturing, Inner West Council area: 7.8% Electricity, Gas, Water and Waste Services, Inner West Council area: 0.2% Construction, Inner West Council area: 8.5% Wholesale Trade, Inner West Council area: 6.3% Retail Trade, Inner West Council area: 7.4% Accommodation and Food Services, Inner West Council area: 5.2% Transport, Postal and Warehousing, Inner West Council area: 5.1% Information Media and Telecommunications, Inner West Council area: 3.4% Financial and Insurance Services, Inner West Council area: 6.5% Rental, Hiring and Real Estate Services, Inner West Council area: 6.3% Professional, Scientific and Technical Services, Inner West Council area: 9.5% Administrative and Support Services, Inner West Council area: 5.4% Public Administration and Safety, Inner West Council area: 6.7% Education and Training, Inner West Council area: 6.4% 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: 4.0%
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 ($778 million or 9.8%)
  • Professional, Scientific and Technical Services ($755 million or 9.5%)
  • Construction ($675 million or 8.5%)

In combination these three industries accounted for $2,209 million in total or 27.9% of the total value added by industry in the Inner West Council area.

In comparison, the same 3 industries in New South Wales accounted for 7.7% in Health Care and Social Assistance; 9.7% in Professional, Scientific and Technical Services; and 8.4% in Construction.

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

  • A larger percentage of value added by Retail Trade (7.4% compared to 5.1%)
  • A smaller percentage of value added by Financial and Insurance Services (6.5% compared to 14.4%)
  • A smaller percentage of value added by Mining (0.0% compared to 3.6%)
  • A smaller percentage of value added by Electricity, Gas, Water and Waste Services (0.2% compared to 2.4%)

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: +$1.3 million Mining, Inner West Council area: +$3.0 million Manufacturing, Inner West Council area: -$24.9 million Electricity, Gas, Water and Waste Services, Inner West Council area: -$8.0 million Construction, Inner West Council area: +$241.6 million Wholesale Trade, Inner West Council area: +$69.8 million Retail Trade, Inner West Council area: +$133.1 million Accommodation and Food Services, Inner West Council area: +$88.7 million Transport, Postal and Warehousing, Inner West Council area: -$28.9 million Information Media and Telecommunications, Inner West Council area: +$65.1 million Financial and Insurance Services, Inner West Council area: +$140.1 million Rental, Hiring and Real Estate Services, Inner West Council area: +$75.4 million Professional, Scientific and Technical Services, Inner West Council area: +$152.8 million Administrative and Support Services, Inner West Council area: +$11.0 million Public Administration and Safety, Inner West Council area: +$124.4 million Education and Training, Inner West Council area: +$105.7 million Health Care and Social Assistance, Inner West Council area: +$180.6 million Arts and Recreation Services, Inner West Council area: +$24.3 million Other Services, Inner West Council area: +$64.4 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 1,419.5 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 (+$242 million)
  • Health Care and Social Assistance (+$181 million)
  • Professional, Scientific and Technical Services (+$153 million)
  • Financial and Insurance Services (+$140 million)

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