Parkes ShireEconomic profile
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Parkes Shire

Industry sector analysis - Manufacturing

In 2017/18, Parkes Shire contributed 0.3% of Regional NSW’s Manufacturing employment and 0.2% of its value added.

Industry sector profiles reveal the way in which each industry contributes to the economy in Parkes Shire using ten economic measures generated by NIEIR economic modelling. This helps in understanding the role each industry sector plays in the economy.

For example, some industry sectors generate substantial output (turnover), but are not big employers and targeting those industry sectors may not meet the economic development objective of maximising employment.

In the first chart, you can also see how the output of an industry is divided between local sales, domestic exports and international exports. This information can reveal how an industry is structured, and whether it is focused on exporting or on serving the local population.

The table and second chart also show how Parkes Shire contributes to the wider economy. For example, Manufacturing in Parkes Shire contributes 0.3% of Regional NSW’s employment.

Industry sector analysis data should be viewed in conjunction with Employment by industry (Total), Employment by industry (FTE), Value added, Imports and Exports to see how each specific industry fits into the wider picture of all industries within Parkes Shire. To see how concentrated each industry sector is, visit the Employment locations section.

The third chart refers to how employment in Parkes Shire has changed overtime and how it compares to expected changes based on benchmark and industry trends. This type of analysis is explored further within the Shift-share analysis economic tool.”

National Economics (NIEIR) - Modelled series

Industry sector analysis
Parkes Shire - Manufacturing - Constant prices2017/182012/13Change
Economic measureParkes ShireRegional NSWParkes Shire as a % of Regional NSWParkes ShireRegional NSWParkes Shire as a % of Regional NSW2012/13 to 2017/18
Employment (total)21081,6590.3%32993,4590.4%-119
Employment (FTE)18779,3500.2%30888,1140.3%-121
FTE to total employment ratio0.890.97--0.940.94---0.05
Output/Total Sales ($m)62.5527,457.720.2%110.7930,519.550.4%-48.25
Value add ($m)20.328,146.360.2%32.258,862.390.4%-11.93
Exports ($m)10.4614,609.010.1%26.9814,634.160.2%-16.52
Exports (domestic) ($m)10.1410,029.050.1%26.5810,951.730.2%-16.44
Exports (international) ($m)0.324,579.9500.403,682.430-0.08
Imports($m)528.5747,935.231.1%380.5442,181.590.9%+148.03
Imports (domestic) ($m)136.5812,717.031.1%121.7013,465.470.9%+14.88
Imports (international) ($m)391.9935,218.201.1%258.8428,716.120.9%+133.15
Local Sales ($m)52.0912,848.710.4%83.8215,885.390.5%-31.73
Worker productivity ($ per worker)96,83599,760--98,06794,827---1,231

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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

Economic output by destination
Economic output by destination Parkes Shire, Local Sales: 83.3% Parkes Shire, Exports (international): 0.5% Parkes Shire, Exports (domestic): 16.2% Regional NSW, Local Sales: 46.8% Regional NSW, Exports (international): 16.7% Regional NSW, Exports (domestic): 36.5%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Industry contribution to Regional NSW 2017/18
Industry contribution to Regional NSW 2017/18 Employment (total), Parkes Shire - Manufacturing: 0.3% Employment (FTE), Parkes Shire - Manufacturing: 0.2% Output/Total Sales ($m), Parkes Shire - Manufacturing: 0.2% Value add ($m), Parkes Shire - Manufacturing: 0.2% Exports ($m), Parkes Shire - Manufacturing: 0.1% Exports (domestic) ($m), Parkes Shire - Manufacturing: 0.1% Exports (international) ($m), Parkes Shire - Manufacturing: 0.0% Imports($m), Parkes Shire - Manufacturing: 1.1% Imports (domestic) ($m), Parkes Shire - Manufacturing: 1.1% Imports (international) ($m), Parkes Shire - Manufacturing: 1.1% Local Sales ($m), Parkes Shire - Manufacturing: 0.4%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Shift-share analysis for Employment (Total) 2012/13 to 2017/18
Shift-share analysis for Employment (Total) 2012/13 to 2017/18 Net change in Benchmark Growth (BG) effect, Parkes Shire relative to Regional NSW: 22.1 Net change in Industry Mix (IM) effect, Parkes Shire relative to Regional NSW: -63.6 Net change in Expected change (BG + IM), Parkes Shire relative to Regional NSW: -41.5 Net change in Actual change, Parkes Shire relative to Regional NSW: -119.0 Net change in Regional Competitive (RC) effect, Parkes Shire relative to Regional NSW: -77.5
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
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