Randwick City

Value added

In Randwick City, Education and Training most productive industry, generating $1,598 million in 2022/23.

Value added by industry is an indicator of business productivity in Randwick City. 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 Randwick City’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:
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
Randwick City2022/232017/18Change
Industry$m%. New South Wales$m%. New South Wales2017/18 - 2022/23
Agriculture, Forestry and Fishing9.80.12.517.30.22.4-7.5
Electricity, Gas, Water and Waste Services24.
Wholesale Trade112.11.44.8136.51.95.2-24.4
Retail Trade184.82.45.1216.12.95.1-31.3
Accommodation and Food Services309.64.03.1283.43.82.9+26.2
Transport, Postal and Warehousing1,,
Information Media and Telecommunications108.91.44.471.61.03.3+37.3
Financial and Insurance Services281.73.611.3200.72.711.3+81.0
Rental, Hiring and Real Estate Services252.03.24.1309.94.24.4-57.9
Professional, Scientific and Technical Services549.77.010.5457.66.29.5+92.1
Administrative and Support Services273.13.54.9252.93.44.6+20.2
Public Administration and Safety528.96.85.2490.26.64.9+38.6
Education and Training1,598.020.55.61,522.520.75.6+75.5
Health Care and Social Assistance1,,079.514.67.3+41.4
Arts and Recreation Services121.41.60.8111.11.50.9+10.3
Other Services125.11.61.6143.31.92.0-18.2
Total industries7,800.0100.0100.07,372.2100.0100.0+427.7

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 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 Randwick City in 2021/22 shows the three largest industries were:

  • Education and Training (1,598 million or 20.5%)
  • Health Care and Social Assistance (1,121 million or 14.4%)
  • Transport, Postal and Warehousing (1,081 million or 13.9%)

In combination these three industries accounted for 3,800 million in total or 48.7% of the total value added by industry in the Randwick City.

In comparison, the same 3 industries in New South Wales accounted for 5.6% in Education and Training; 8.6% in Health Care and Social Assistance and 6.0% in Transport, Postal and Warehousing.

The major differences between the value added by industries of Randwick City and New South Wales were:

  • A larger percentage of value added by Education and Training (20.5% compared to 5.6%)
  • A larger percentage of value added by Transport, Postal and Warehousing (13.9% compared to 6.0%)
  • A smaller percentage of value added by Financial and Insurance Services (3.6% compared to 11.3%)
  • A larger percentage of value added by Health Care and Social Assistance (14.4% compared to 8.6%)

Emerging groups

The total value added by industry in Randwick City $increased by 428 million between 2017/18 and 2022/23.

The largest changes in the value added by industries between 2017/18 and 2022/23 in Randwick City were for:

  • Mining (+$95 million)
  • Construction (+$92 million)
  • Professional, Scientific and Technical Services (+$92 million)
  • Financial and Insurance Services (+$81 million)

Randwick City Council

economic profile