Value added by industry is an indicator of business productivity in North Sydney 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 North Sydney 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.
National Economics (NIEIR) - Modelled series
|Value added by industry sector|
|North Sydney Council area||2021/22||2016/17||Change|
|Industry||$m||%||New South Wales||$m||%||New South Wales||2016/17 - 2021/22|
|Agriculture, Forestry and Fishing||33.6||0.2||2.4||37.9||0.2||2.4||-4.3|
|Electricity, Gas, Water and Waste Services||103.0||0.6||2.2||372.7||2.3||2.4||-269.8|
|Accommodation and Food Services||240.8||1.3||2.5||297.9||1.8||3.0||-57.1|
|Transport, Postal and Warehousing||365.1||2.0||5.7||580.4||3.5||6.7||-215.3|
|Information Media and Telecommunications||3,466.9||18.6||4.0||1,447.5||8.8||3.3||+2,019.4|
|Financial and Insurance Services||2,336.8||12.6||12.6||2,789.7||17.0||12.7||-452.9|
|Rental, Hiring and Real Estate Services||861.0||4.6||4.5||829.8||5.1||4.6||+31.2|
|Professional, Scientific and Technical Services||5,296.1||28.5||11.1||4,216.7||25.7||9.6||+1,079.4|
|Administrative and Support Services||1,153.6||6.2||5.0||1,204.4||7.3||4.6||-50.9|
|Public Administration and Safety||441.3||2.4||5.4||510.3||3.1||5.2||-69.1|
|Education and Training||488.2||2.6||5.9||504.0||3.1||6.0||-15.8|
|Health Care and Social Assistance||526.5||2.8||8.6||477.8||2.9||7.3||+48.7|
|Arts and Recreation Services||109.8||0.6||0.8||122.7||0.7||0.9||-12.9|
Source: National Institute of Economic and Industry Research (NIEIR) ©2023. 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 morePlease refer to specific data notes for more information
An analysis of the valued added by industry sectors in North Sydney Council area in 2021/22 shows the three largest industries were:
- Professional, Scientific and Technical Services (5,296 million or 28.5%)
- Information Media and Telecommunications (3,467 million or 18.6%)
- Financial and Insurance Services (2,337 million or 12.6%)
In combination these three industries accounted for 11,100 million in total or 59.7% of the total value added by industry in the North Sydney Council area.
In comparison, the same 3 industries in New South Wales accounted for 11.1% in Professional, Scientific and Technical Services; 4.0% in Information Media and Telecommunications and 12.6% in Financial and Insurance Services.
The major differences between the value added by industries of North Sydney Council area and New South Wales were:
- A larger percentage of value added by Professional, Scientific and Technical Services (28.5% compared to 11.1%)
- A larger percentage of value added by Information Media and Telecommunications (18.6% compared to 4.0%)
- A smaller percentage of value added by Health Care and Social Assistance (2.8% compared to 8.6%)
- A smaller percentage of value added by Transport, Postal and Warehousing (2.0% compared to 5.7%)
The total value added by industry in North Sydney Council area $increased by 2,159 million between 2016/17 and 2021/22.
The largest changes in the value added by industries between 2016/17 and 2021/22 in North Sydney Council area were for:
- Information Media and Telecommunications (+$2,019 million)
- Professional, Scientific and Technical Services (+$1,079 million)
- Wholesale Trade (+$116 million)
- Retail Trade (+$68 million)