Richmond Valley Council

Value added

In Richmond Valley Council, Manufacturing most productive industry, generating $109 million in 2021/22.

Value added by industry is an indicator of business productivity in Richmond Valley Council. 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 Richmond Valley Council’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:
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Value added by industry sector
Richmond Valley Council2021/222016/17Change
Industry$m%. New South Wales$m%. New South Wales2016/17 - 2021/22
Agriculture, Forestry and Fishing93.313.22.484.412.62.4+8.9
Mining4.50.61.78.31.22.3-3.8
Manufacturing109.215.46.5129.219.26.8-20.0
Electricity, Gas, Water and Waste Services25.23.62.217.02.52.4+8.2
Construction72.310.28.656.48.49.1+16.0
Wholesale Trade25.33.65.516.52.55.6+8.8
Retail Trade41.45.95.439.85.95.4+1.6
Accommodation and Food Services29.94.22.528.54.23.0+1.4
Transport, Postal and Warehousing32.94.65.731.04.66.7+1.9
Information Media and Telecommunications3.70.54.03.60.53.3+0.1
Financial and Insurance Services11.31.612.611.51.712.7-0.2
Rental, Hiring and Real Estate Services21.53.04.522.73.44.6-1.1
Professional, Scientific and Technical Services15.82.211.119.02.89.6-3.2
Administrative and Support Services21.63.05.020.13.04.6+1.5
Public Administration and Safety38.65.55.438.05.75.2+0.6
Education and Training61.08.65.956.78.46.0+4.3
Health Care and Social Assistance83.111.78.664.99.77.3+18.2
Arts and Recreation Services4.10.60.85.10.80.9-1.0
Other Services13.11.81.719.52.92.1-6.5
Total industries707.9100.0100.0672.0100.0100.0+35.8

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.
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Dominant groups

An analysis of the valued added by industry sectors in Richmond Valley Council in 2021/22 shows the three largest industries were:

  • Manufacturing (109 million or 15.4%)
  • Agriculture, Forestry and Fishing (93 million or 13.2%)
  • Health Care and Social Assistance (83 million or 11.7%)

In combination these three industries accounted for 286 million in total or 40.3% of the total value added by industry in the Richmond Valley Council.

In comparison, the same 3 industries in New South Wales accounted for 6.5% in Manufacturing; 2.4% in Agriculture, Forestry and Fishing and 8.6% in Health Care and Social Assistance.

The major differences between the value added by industries of Richmond Valley Council and New South Wales were:

  • A smaller percentage of value added by Financial and Insurance Services (1.6% compared to 12.6%)
  • A larger percentage of value added by Agriculture, Forestry and Fishing (13.2% compared to 2.4%)
  • A larger percentage of value added by Manufacturing (15.4% compared to 6.5%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (2.2% compared to 11.1%)

Emerging groups

The total value added by industry in Richmond Valley Council $increased by 36 million between 2016/17 and 2021/22.

The largest changes in the value added by industries between 2016/17 and 2021/22 in Richmond Valley Council were for:

  • Health Care and Social Assistance (+$18 million)
  • Construction (+$16 million)
  • Agriculture, Forestry and Fishing (+$9 million)
  • Wholesale Trade (+$9 million)

Richmond Valley Council

economic profile