Industry sector analysis - Auxiliary Finance and Insurance Services
In 2018/19, Parkes Shire contributed 0.0% of New South Wales’s employment and 0.0% 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, Agriculture in Parkes Shire contributes 0.3% of New South Wales’s Agriculture employment.
Industry sector analysis data should be viewed in conjunction with Employment by industry (Total), Employment by industry (FTE), Value added, Importsand 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 - Auxiliary Finance and Insurance Services - Constant prices||2018/19||2013/14||Change|
|Economic measure||Parkes Shire||New South Wales||Parkes Shire as a % of New South Wales||Parkes Shire||New South Wales||Parkes Shire as a % of New South Wales||change|
|FTE to total employment ratio||0.59||0.90||0%||0.68||0.91||0%||-0.08|
|Output/Total Sales ($m)||7.21||26,980.94||0.0%||4.09||20,250.78||0.0%||+3.11|
|Value add ($m)||3.74||13,996.77||0.0%||2.14||10,565.66||0.0%||+1.60|
|Exports (domestic) ($m)||0.44||14,464.52||0.0%||0.26||11,113.14||0.0%||+0.18|
|Exports (international) ($m)||0.05||596.16||0.0%||0.03||491.26||0.0%||+0.02|
|Imports (domestic) ($m)||19.02||8,016.04||0.2%||16.21||5,443.85||0.3%||+2.80|
|Imports (international) ($m)||0.80||374.38||0.2%||0.72||417.23||0.2%||+0.08|
|Local Sales ($m)||6.71||11,920.26||0.1%||3.80||8,646.37||0.0%||+2.92|
|Worker productivity ($ per worker)||268,719||218,395||0%||175,437||199,509||0%||+93,282|
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 morePlease refer to specific data notes for more information