North Sydney Council area

Value added

In North Sydney Council area, Professional, Scientific and Technical Services most productive industry, generating $6,159 million in 2020/21.

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.

Data source

National Economics (NIEIR) - Modelled series

Current benchmark:
Comparison year:
reset
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
North Sydney Council area2020/212015/16Change
Industry$m%. New South Wales$m%. New South Wales2015/16 - 2020/21
Agriculture, Forestry and Fishing23.40.12.133.30.22.3-9.9
Mining312.41.52.6168.01.03.1+144.4
Manufacturing418.42.06.5540.03.46.9-121.6
Electricity, Gas, Water and Waste Services387.21.92.4395.52.52.6-8.3
Construction1,216.15.88.71,040.86.58.8+175.4
Wholesale Trade461.72.25.3632.33.95.2-170.6
Retail Trade447.32.25.4323.72.05.2+123.6
Accommodation and Food Services473.22.32.6298.61.93.0+174.6
Transport, Postal and Warehousing417.82.05.3550.23.46.4-132.5
Information Media and Telecommunications1,796.48.63.71,316.38.23.4+480.2
Financial and Insurance Services4,076.919.612.72,930.518.313.3+1,146.3
Rental, Hiring and Real Estate Services1,142.95.54.6845.55.34.4+297.3
Professional, Scientific and Technical Services6,158.929.610.73,898.224.38.9+2,260.7
Administrative and Support Services1,430.96.94.41,215.97.64.7+214.9
Public Administration and Safety694.93.35.7541.73.45.4+153.2
Education and Training618.43.05.9509.33.26.0+109.1
Health Care and Social Assistance460.32.28.5441.52.87.1+18.8
Arts and Recreation Services86.30.40.9117.40.70.9-31.1
Other Services166.70.81.9217.01.42.1-50.4
Total industries20,790.1100.0100.016,015.9100.0100.0+4,774.2

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.
loading animation
loading animation

Dominant groups

An analysis of the valued added by industry sectors in North Sydney Council area in 2020/21 shows the three largest industries were:

  • Professional, Scientific and Technical Services (6,159 million or 29.6%)
  • Financial and Insurance Services (4,077 million or 19.6%)
  • Information Media and Telecommunications (1,796 million or 8.6%)

In combination these three industries accounted for 12,032 million in total or 57.9% 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 10.7% in Professional, Scientific and Technical Services; 12.7% in Financial and Insurance Services and 3.7% in Information Media and Telecommunications.

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 (29.6% compared to 10.7%)
  • A larger percentage of value added by Financial and Insurance Services (19.6% compared to 12.7%)
  • A smaller percentage of value added by Health Care and Social Assistance (2.2% compared to 8.5%)
  • A larger percentage of value added by Information Media and Telecommunications (8.6% compared to 3.7%)

Emerging groups

The total value added by industry in North Sydney Council area $increased by 4,774 million between 2015/16 and 2020/21.

The largest changes in the value added by industries between 2015/16 and 2020/21 in North Sydney Council area were for:

  • Professional, Scientific and Technical Services (+$2,261 million)
  • Financial and Insurance Services (+$1,146 million)
  • Information Media and Telecommunications (+$480 million)
  • Rental, Hiring and Real Estate Services (+$297 million)

North Sydney Council

economic profile