In Parkes Shire, Mining had the largest output by industry, generating $287 million in 2018/19.
Output by industry is a gross measure of the total sales of each industry sector in Parkes Shire. It does not measure how productive each industry sector is at producing this output - which is measured by value added.
By comparing the output of each industry sector to a regional benchmark, you can clearly see the structure of Parkes Shire’s economy. This can be done by directly comparing the percentage contribution of each industry to the total output, relative to the benchmark, or by using a location quotient, where a number greater than one indicates a high concentration of that industry and less than one indicates a lower concentration.
To get the full picture how each industry sector contributes to the regional or state economy, output data should be viewed alongside the other industry characteristics in the Industry sector analysis section.
Detailed data notes about how the figures are derived can be found in the specific topic notes section.
The gross measure of output includes the value of all the inputs to each industry.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|Industry||$m||%||New South Wales||$m||%||New South Wales||2013/14 - 2018/19|
|Agriculture, Forestry and Fishing||169.4||11.2||2.0||229.4||16.2||2.6||-60.0|
|Electricity, Gas, Water and Waste Services||37.1||2.4||2.6||58.0||4.1||3.4||-20.9|
|Accommodation and Food Services||57.2||3.8||3.0||48.7||3.4||2.9||+8.5|
|Transport, Postal and Warehousing||122.2||8.1||5.4||106.1||7.5||6.2||+16.1|
|Information Media and Telecommunications||5.4||0.4||4.3||8.3||0.6||3.9||-2.9|
|Financial and Insurance Services||39.4||2.6||10.3||26.5||1.9||10.2||+12.9|
|Rental, Hiring and Real Estate Services||59.9||4.0||12.7||42.4||3.0||10.6||+17.6|
|Professional, Scientific and Technical Services||29.9||2.0||8.7||28.1||2.0||7.6||+1.8|
|Administrative and Support Services||21.4||1.4||3.4||29.8||2.1||3.9||-8.4|
|Public Administration and Safety||136.9||9.0||3.8||105.5||7.4||4.3||+31.4|
|Education and Training||49.7||3.3||3.4||45.3||3.2||3.3||+4.4|
|Health Care and Social Assistance||124.3||8.2||4.9||69.6||4.9||4.3||+54.6|
|Arts and Recreation Services||5.2||0.3||1.1||4.3||0.3||1.2||+0.9|
Source: National Institute of Economic and Industry Research (NIEIR) (NIEIR) ©2019. Compiled and presented in economy.id by .id informed decisions. 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
An analysis of the output by industry sectors in Parkes Shire in 2018/19 shows the three largest industries were:
- Mining ($287 million or 18.9%)
- Agriculture, Forestry and Fishing ($169 million or 11.2%)
- Public Administration and Safety ($137 million or 9.0%)
In combination these three industries accounted for $593 million in total or 39.1% of the total output by total industry in the Parkes Shire.
In comparison, the same 3 industries in New South Wales accounted for 2.5% in Mining; 2.0% in Agriculture, Forestry and Fishing and 3.8% in Public Administration and Safety.
The major differences between output by industries of Parkes Shire and New South Wales were:
- A larger percentage of output by Mining (18.9% compared to 2.5%)
- A larger percentage of output by Agriculture, Forestry and Fishing (11.2% compared to 2.0%)
- A smaller percentage of output by Rental, Hiring and Real Estate Services (4.0% compared to 12.7%)
- A smaller percentage of output by Financial and Insurance Services (2.6% compared to 10.3%)
The total industry output in Parkes Shire increased by $99 million between 2013/14 and 2018/19.
The largest changes in the output by industries between 2013/14 and 2018/19 in Parkes Shire were for:
- Mining (+$116 million)
- Health Care and Social Assistance (+$55 million)
- Public Administration and Safety (+$31 million)
- Other Services (+$23 million)