Output by industry is a gross measure of the total sales of each industry sector in the City of 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 the City of 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.
National Economics (NIEIR) - Modelled series
|Output by industry sector|
|City of Sydney||2020/21||2015/16||Change|
|Industry||$m||%||New South Wales||$m||%||New South Wales||2015/16 - 2020/21|
|Agriculture, Forestry and Fishing||250.7||0.1||2.4||220.0||0.1||2.3||+30.8|
|Electricity, Gas, Water and Waste Services||3,787.4||1.4||2.5||4,579.8||1.9||2.8||-792.4|
|Accommodation and Food Services||6,798.6||2.5||2.7||6,060.4||2.6||3.0||+738.1|
|Transport, Postal and Warehousing||9,690.9||3.5||5.2||7,314.8||3.1||5.8||+2,376.1|
|Information Media and Telecommunications||22,994.8||8.4||4.3||16,103.3||6.8||3.5||+6,891.5|
|Financial and Insurance Services||68,284.6||24.9||10.1||65,043.5||27.5||10.2||+3,241.1|
|Rental, Hiring and Real Estate Services||43,217.6||15.7||10.9||33,813.4||14.3||11.4||+9,404.2|
|Professional, Scientific and Technical Services||46,947.0||17.1||9.3||35,454.7||15.0||8.3||+11,492.3|
|Administrative and Support Services||12,371.3||4.5||3.2||11,707.6||5.0||3.6||+663.7|
|Public Administration and Safety||12,137.4||4.4||4.2||9,248.5||3.9||3.9||+2,888.8|
|Education and Training||8,471.1||3.1||3.8||6,801.5||2.9||3.8||+1,669.6|
|Health Care and Social Assistance||4,537.6||1.7||5.5||3,883.7||1.6||4.7||+653.9|
|Arts and Recreation Services||3,546.8||1.3||1.1||4,096.2||1.7||1.1||-549.4|
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2019/20 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 morePlease refer to specific data notes for more information
An analysis of the output by industry sectors in the City of Sydney in 2020/21 shows the three largest industries were:
- Financial and Insurance Services ($68,285 million or 24.9%)
- Professional, Scientific and Technical Services ($46,947 million or 17.1%)
- Rental, Hiring and Real Estate Services ($43,218 million or 15.7%)
In combination these three industries accounted for $158,449 million in total or 57.7% of the total output by total industry in the the City of Sydney.
In comparison, the same 3 industries in New South Wales accounted for 10.1% in Financial and Insurance Services; 9.3% in Professional, Scientific and Technical Services and 10.9% in Rental, Hiring and Real Estate Services.
The major differences between output by industries of the City of Sydney and New South Wales were:
- A larger percentage of output by Financial and Insurance Services (24.9% compared to 10.1%)
- A smaller percentage of output by Manufacturing (2.1% compared to 9.9%)
- A larger percentage of output by Professional, Scientific and Technical Services (17.1% compared to 9.3%)
- A smaller percentage of output by Construction (4.6% compared to 11.9%)
The total industry output in the City of Sydney increased by $38,230 million between 2015/16 and 2020/21.
The largest changes in the output by industries between 2015/16 and 2020/21 in the City of Sydney were for:
- Professional, Scientific and Technical Services (+$11,492 million)
- Rental, Hiring and Real Estate Services (+$9,404 million)
- Information Media and Telecommunications (+$6,892 million)
- Financial and Insurance Services (+$3,241 million)