Greater Sydney

Output

In Greater Sydney, Financial and Insurance Services had the largest output by industry, generating $108,714 million in 2021/22.

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 Sydney2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing4,338.90.53.13,322.20.52.7+1,016.7
Mining3,753.70.52.44,144.10.63.6-390.4
Manufacturing77,573.29.510.276,376.210.410.6+1,197.0
Electricity, Gas, Water and Waste Services17,465.02.12.716,726.72.32.8+738.3
Construction100,071.412.312.994,447.012.813.1+5,624.4
Wholesale Trade42,484.55.24.742,011.45.74.9+473.2
Retail Trade33,995.94.24.229,022.13.94.2+4,973.8
Accommodation and Food Services17,132.62.12.417,912.82.42.7-780.3
Transport, Postal and Warehousing46,443.65.75.350,636.86.96.2-4,193.1
Information Media and Telecommunications48,353.45.94.635,338.64.83.7+13,014.8
Financial and Insurance Services108,713.613.310.492,774.612.69.9+15,939.0
Rental, Hiring and Real Estate Services54,225.56.76.052,264.07.16.4+1,961.4
Professional, Scientific and Technical Services102,392.912.610.381,400.111.19.2+20,992.8
Administrative and Support Services31,843.33.93.727,879.23.83.5+3,964.1
Public Administration and Safety32,822.44.04.427,894.03.84.1+4,928.4
Education and Training31,998.13.94.229,551.24.04.3+2,446.9
Health Care and Social Assistance39,797.24.95.832,151.74.45.1+7,645.5
Arts and Recreation Services8,920.21.11.08,913.61.21.1+6.7
Other Services12,204.51.51.613,018.41.81.9-813.9
Total industries814,530.0100.0100.0735,784.7100.0100.0+78,745.3

Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©2023. 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 2021/22 shows the three largest industries were:

  • Financial and Insurance Services ($108,714 million or 13.3%)
  • Professional, Scientific and Technical Services ($102,393 million or 12.6%)
  • Construction ($100,071 million or 12.3%)

In combination these three industries accounted for $311,178 million in total or 38.2% of the total output by total industry in the Greater Sydney.

In comparison, the same 3 industries in New South Wales accounted for 10.4% in Financial and Insurance Services; 10.3% in Professional, Scientific and Technical Services and 12.9% in Construction.

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

  • A larger percentage of output by Financial and Insurance Services (13.3% compared to 10.4%)
  • A smaller percentage of output by Agriculture, Forestry and Fishing (0.5% compared to 3.1%)
  • A larger percentage of output by Professional, Scientific and Technical Services (12.6% compared to 10.3%)
  • A smaller percentage of output by Mining (0.5% compared to 2.4%)

Emerging groups

The total industry output in Greater Sydney increased by $78,745 million between 2016/17 and 2021/22.

The largest changes in the output by industries between 2016/17 and 2021/22 in Greater Sydney were for:

  • Professional, Scientific and Technical Services (+$20,993 million)
  • Financial and Insurance Services (+$15,939 million)
  • Information Media and Telecommunications (+$13,015 million)
  • Health Care and Social Assistance (+$7,645 million)

Greater Sydney

economic profile