Greater Sydney

Output

In Greater Sydney, Construction had the largest output by industry, generating $117,759 million in 2022/23.

Output by industry is a gross measure of the total sales of each industry sector in Greater Sydney. 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 Greater Sydney’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.

Data source

National Economics (NIEIR) - Modelled series

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Output by industry sector
Greater Sydney2022/232017/18Change
Industry$m%. New South Wales$m%. New South Wales2017/18 - 2022/23
Agriculture, Forestry and Fishing4,121.20.52.53,346.00.42.4+775.2
Mining5,011.40.54.06,030.60.75.3-1,019.3
Manufacturing82,993.29.19.588,273.110.610.7-5,279.9
Electricity, Gas, Water and Waste Services20,108.32.22.719,266.32.32.7+842.0
Construction117,758.912.913.4116,833.214.013.9+925.7
Wholesale Trade42,592.84.74.046,142.95.54.8-3,550.1
Retail Trade30,957.73.43.830,637.73.74.0+320.0
Accommodation and Food Services23,075.82.53.122,796.22.73.1+279.6
Transport, Postal and Warehousing79,166.38.77.664,011.27.76.8+15,155.0
Information Media and Telecommunications55,499.46.14.638,173.34.63.5+17,326.1
Financial and Insurance Services107,718.311.89.094,409.511.38.7+13,308.8
Rental, Hiring and Real Estate Services62,062.56.86.160,543.17.36.5+1,519.4
Professional, Scientific and Technical Services110,245.312.19.793,758.711.29.1+16,486.6
Administrative and Support Services35,481.33.93.731,658.93.83.5+3,822.4
Public Administration and Safety35,708.93.94.027,746.13.33.5+7,962.8
Education and Training31,732.13.53.729,917.73.63.8+1,814.4
Health Care and Social Assistance44,566.44.95.735,098.84.24.8+9,467.6
Arts and Recreation Services11,002.41.21.110,888.41.31.2+114.0
Other Services13,140.61.41.614,506.81.71.9-1,366.2
Total industries912,942.8100.0100.0834,038.7100.0100.0+78,904.1

Source: National Institute of Economic and Industry Research (NIEIR) ©2024. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2020/21 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

Please refer to specific data notes for more information
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Dominant groups

An analysis of the output by industry sectors in Greater Sydney in 2022/23 shows the three largest industries were:

  • Construction ($117,759 million or 12.9%)
  • Professional, Scientific and Technical Services ($110,245 million or 12.1%)
  • Financial and Insurance Services ($107,718 million or 11.8%)

In combination these three industries accounted for $335,723 million in total or 36.8% of the total output by total industry in the Greater Sydney.

In comparison, the same 3 industries in New South Wales accounted for 13.4% in Construction; 9.7% in Professional, Scientific and Technical Services and 9.0% in Financial and Insurance Services.

The major differences between output by industries of Greater Sydney and New South Wales were:

  • A smaller percentage of output by Mining (0.5% compared to 4.0%)
  • A larger percentage of output by Financial and Insurance Services (11.8% compared to 9.0%)
  • A larger percentage of output by Professional, Scientific and Technical Services (12.1% compared to 9.7%)
  • A smaller percentage of output by Agriculture, Forestry and Fishing (0.5% compared to 2.5%)

Emerging groups

The total industry output in Greater Sydney increased by $78,904 million between 2017/18 and 2022/23.

The largest changes in the output by industries between 2017/18 and 2022/23 in Greater Sydney were for:

  • Information Media and Telecommunications (+$17,326 million)
  • Professional, Scientific and Technical Services (+$16,487 million)
  • Transport, Postal and Warehousing (+$15,155 million)
  • Financial and Insurance Services (+$13,309 million)

Greater Sydney

economic profile