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Woollahra Municipal Council area

Value added

In the Woollahra Municipal Council area, Rental, Hiring and Real Estate Services most productive industry, generating $698 million in 2018/19.

Value added by industry is an indicator of business productivity in the Woollahra Municipal Council area. 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 the Woollahra Municipal Council area’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
Woollahra Municipal Council area2018/192013/14Change
Industry$m%. New South Wales$m%. New South Wales2013/14 - 2018/19
Agriculture, Forestry and Fishing17.20.52.031.51.02.5-14.3
Mining22.30.63.43.60.13.7+18.7
Manufacturing46.61.36.144.01.47.2+2.7
Electricity, Gas, Water and Waste Services5.30.22.48.10.33.0-2.8
Construction404.511.58.9395.212.98.4+9.3
Wholesale Trade63.51.84.873.82.44.5-10.3
Retail Trade230.26.55.1199.66.55.2+30.6
Accommodation and Food Services171.74.93.1146.34.83.0+25.5
Transport, Postal and Warehousing45.11.35.829.71.06.4+15.4
Information Media and Telecommunications80.52.33.964.62.13.7+15.9
Financial and Insurance Services316.99.014.2283.09.313.9+33.9
Rental, Hiring and Real Estate Services698.119.94.6537.817.64.0+160.3
Professional, Scientific and Technical Services343.19.89.9296.29.78.8+46.9
Administrative and Support Services148.44.24.6157.65.24.4-9.1
Public Administration and Safety159.64.55.4221.47.25.6-61.8
Education and Training243.36.95.3201.46.65.4+41.9
Health Care and Social Assistance339.49.77.6218.67.17.0+120.9
Arts and Recreation Services65.21.91.049.51.60.9+15.7
Other Services114.23.22.197.53.22.2+16.7
Total industries3,515.1100.0100.03,059.3100.0100.0+455.9

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id the population experts. 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 the Woollahra Municipal Council area in 2018/19 shows the three largest industries were:

  • Rental, Hiring and Real Estate Services (698 million or 19.9%)
  • Construction (404 million or 11.5%)
  • Professional, Scientific and Technical Services (343 million or 9.8%)

In combination these three industries accounted for 1,446 million in total or 41.1% of the total value added by industry in the the Woollahra Municipal Council area.

In comparison, the same 3 industries in New South Wales accounted for 4.6% in Rental, Hiring and Real Estate Services; 8.9% in Construction and 9.9% in Professional, Scientific and Technical Services.

The major differences between the value added by industries of the Woollahra Municipal Council area and New South Wales were:

  • A larger percentage of value added by Rental, Hiring and Real Estate Services (19.9% compared to 4.6%)
  • A smaller percentage of value added by Financial and Insurance Services (9.0% compared to 14.2%)
  • A smaller percentage of value added by Manufacturing (1.3% compared to 6.1%)
  • A smaller percentage of value added by Transport, Postal and Warehousing (1.3% compared to 5.8%)

Emerging groups

The total value added by industry in the Woollahra Municipal Council area $increased by 456 million between 2013/14 and 2018/19.

The largest changes in the value added by industries between 2013/14 and 2018/19 in the Woollahra Municipal Council area were for:

  • Rental, Hiring and Real Estate Services (+$160 million)
  • Health Care and Social Assistance (+$121 million)
  • Professional, Scientific and Technical Services (+$47 million)
  • Education and Training (+$42 million)

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