Greater Sydney

Value added

In Greater Sydney, Financial and Insurance Services most productive industry, generating $63,297 million in 2021/22.

Value added by industry is an indicator of business productivity in Greater Sydney. 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 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 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

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Value added by industry sector
Greater Sydney2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing1,589.80.42.41,401.80.42.4+188.0
Mining1,523.90.41.71,311.10.42.3+212.9
Manufacturing25,150.16.36.524,590.16.86.8+559.9
Electricity, Gas, Water and Waste Services6,966.61.72.27,052.21.92.4-85.6
Construction31,646.67.98.631,796.98.79.1-150.3
Wholesale Trade24,135.46.05.522,942.26.35.6+1,193.1
Retail Trade20,719.55.25.418,086.35.05.4+2,633.2
Accommodation and Food Services8,322.12.12.59,515.62.63.0-1,193.5
Transport, Postal and Warehousing23,937.06.05.726,576.07.36.7-2,639.0
Information Media and Telecommunications19,859.15.04.015,076.84.13.3+4,782.3
Financial and Insurance Services63,296.815.912.657,951.815.912.7+5,345.1
Rental, Hiring and Real Estate Services19,496.94.94.518,117.55.04.6+1,379.5
Professional, Scientific and Technical Services52,756.213.211.141,473.211.49.6+11,283.0
Administrative and Support Services20,882.15.25.017,910.74.94.6+2,971.4
Public Administration and Safety19,234.44.85.417,303.14.85.2+1,931.4
Education and Training21,308.55.35.919,848.75.56.0+1,459.9
Health Care and Social Assistance28,338.97.18.622,314.26.17.3+6,024.8
Arts and Recreation Services3,619.50.90.83,687.41.00.9-67.9
Other Services6,445.71.61.77,085.21.92.1-639.5
Total industries399,229.4100.0100.0364,040.7100.0100.0+35,188.7

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.
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Dominant groups

An analysis of the valued added by industry sectors in Greater Sydney in 2021/22 shows the three largest industries were:

  • Financial and Insurance Services (63,297 million or 15.9%)
  • Professional, Scientific and Technical Services (52,756 million or 13.2%)
  • Construction (31,647 million or 7.9%)

In combination these three industries accounted for 147,700 million in total or 37.0% of the total value added by industry in the Greater Sydney.

In comparison, the same 3 industries in New South Wales accounted for 12.6% in Financial and Insurance Services; 11.1% in Professional, Scientific and Technical Services and 8.6% in Construction.

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

  • A larger percentage of value added by Financial and Insurance Services (15.9% compared to 12.6%)
  • A larger percentage of value added by Professional, Scientific and Technical Services (13.2% compared to 11.1%)
  • A smaller percentage of value added by Agriculture, Forestry and Fishing (0.4% compared to 2.4%)
  • A smaller percentage of value added by Health Care and Social Assistance (7.1% compared to 8.6%)

Emerging groups

The total value added by industry in Greater Sydney $increased by 35,189 million between 2016/17 and 2021/22.

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

  • Professional, Scientific and Technical Services (+$11,283 million)
  • Health Care and Social Assistance (+$6,025 million)
  • Financial and Insurance Services (+$5,345 million)
  • Information Media and Telecommunications (+$4,782 million)

Greater Sydney

economic profile