Randwick City

Value added

In Randwick City, Education and Training most productive industry, generating $1,567 million in 2021/22.

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:
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
Randwick City2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing11.10.12.413.80.22.4-2.7
Mining228.83.01.76.70.12.3+222.1
Manufacturing169.62.26.5137.02.06.8+32.6
Electricity, Gas, Water and Waste Services30.20.42.233.70.52.4-3.6
Construction505.76.68.6545.58.09.1-39.8
Wholesale Trade124.91.65.5134.32.05.6-9.3
Retail Trade225.83.05.4216.13.25.4+9.8
Accommodation and Food Services285.33.72.5247.43.63.0+37.9
Transport, Postal and Warehousing976.712.85.71,092.216.06.7-115.5
Information Media and Telecommunications113.41.54.069.61.03.3+43.8
Financial and Insurance Services279.83.712.6195.02.912.7+84.9
Rental, Hiring and Real Estate Services341.04.54.5289.24.24.6+51.8
Professional, Scientific and Technical Services536.37.011.1406.86.09.6+129.4
Administrative and Support Services279.03.65.0232.73.44.6+46.2
Public Administration and Safety530.96.95.4481.27.05.2+49.7
Education and Training1,566.620.55.91,480.021.76.0+86.6
Health Care and Social Assistance1,185.115.58.61,016.914.97.3+168.2
Arts and Recreation Services110.71.40.893.81.40.9+16.9
Other Services150.12.01.7135.32.02.1+14.8
Total industries7,651.0100.0100.06,827.2100.0100.0+823.8

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 (1,567 million or 20.5%)
  • Health Care and Social Assistance (1,185 million or 15.5%)
  • Transport, Postal and Warehousing (977 million or 12.8%)

In combination these three industries accounted for 3,728 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 5.9% in Education and Training; 8.6% in Health Care and Social Assistance and 5.7% 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 5.9%)
  • A smaller percentage of value added by Financial and Insurance Services (3.7% compared to 12.6%)
  • A larger percentage of value added by Transport, Postal and Warehousing (12.8% compared to 5.7%)
  • A larger percentage of value added by Health Care and Social Assistance (15.5% compared to 8.6%)

Emerging groups

The total value added by industry in Randwick City $increased by 824 million between 2016/17 and 2021/22.

The largest changes in the value added by industries between 2016/17 and 2021/22 in Randwick City were for:

  • Mining (+$222 million)
  • Health Care and Social Assistance (+$168 million)
  • Professional, Scientific and Technical Services (+$129 million)
  • Education and Training (+$87 million)

Randwick City Council

economic profile