Upper Lachlan ShireEconomic profile
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Upper Lachlan Shire

Value added

In Upper Lachlan Shire, Agriculture, Forestry and Fishing is the most productive industry, generating $121 million in 2017/18.

Value added by industry is an indicator of business productivity in Upper Lachlan Shire. 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 Upper Lachlan Shire’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 analysis section. 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.

National Economics (NIEIR) - Modelled series

Did you know? By clicking/tapping on a data row in the table you will be able to see sub categories.
Value added by industry sector
Upper Lachlan Shire - Constant prices2017/182012/13Change
Industry
(Click rows to view sub-categories)
$m%New South Wales%$m%New South Wales%2012/13 to 2017/18
Agriculture, Forestry and Fishing120.733.81.8132.436.42.3-11.7
Mining0.00.02.11.20.32.1-1.2
Manufacturing9.72.76.68.62.47.8+1.1
Electricity, Gas, Water and Waste Services8.82.52.310.83.03.2-2.1
Construction116.532.68.2118.332.57.9-1.8
Wholesale Trade5.11.45.04.91.34.9+0.2
Retail Trade9.72.75.39.22.55.3+0.5
Accommodation and Food Services6.71.93.35.11.43.1+1.6
Transport, Postal and Warehousing7.01.96.09.62.66.7-2.6
Information Media and Telecommunications3.91.14.42.90.84.0+1.0
Financial and Insurance Services3.00.814.93.61.014.1-0.7
Rental, Hiring and Real Estate Services3.71.04.43.00.83.8+0.7
Professional, Scientific and Technical Services7.92.29.88.12.29.0-0.2
Administrative and Support Services6.11.74.32.90.84.4+3.1
Public Administration and Safety11.53.25.79.72.75.8+1.8
Education and Training14.64.15.612.73.55.5+1.9
Health Care and Social Assistance16.04.57.414.74.07.1+1.3
Arts and Recreation Services1.20.31.00.70.20.9+0.5
Other Services5.41.51.95.01.42.1+0.3

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 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

Value added by industry sector 2017/18
Value added by industry sector 2017/18 Agriculture, Forestry and Fishing, New South Wales: 1.8% Mining, New South Wales: 2.1% Manufacturing, New South Wales: 6.6% Electricity, Gas, Water and Waste Services, New South Wales: 2.3% Construction, New South Wales: 8.2% Wholesale Trade, New South Wales: 5.0% Retail Trade, New South Wales: 5.3% Accommodation and Food Services, New South Wales: 3.3% Transport, Postal and Warehousing, New South Wales: 6.0% Information Media and Telecommunications, New South Wales: 4.4% Financial and Insurance Services, New South Wales: 14.9% Rental, Hiring and Real Estate Services, New South Wales: 4.4% Professional, Scientific and Technical Services, New South Wales: 9.8% Administrative and Support Services, New South Wales: 4.3% Public Administration and Safety, New South Wales: 5.7% Education and Training, New South Wales: 5.6% Health Care and Social Assistance, New South Wales: 7.4% Arts and Recreation Services, New South Wales: 1.0% Other Services, New South Wales: 1.9% Agriculture, Forestry and Fishing, Upper Lachlan Shire: 33.8% Mining, Upper Lachlan Shire: 0.0% Manufacturing, Upper Lachlan Shire: 2.7% Electricity, Gas, Water and Waste Services, Upper Lachlan Shire: 2.5% Construction, Upper Lachlan Shire: 32.6% Wholesale Trade, Upper Lachlan Shire: 1.4% Retail Trade, Upper Lachlan Shire: 2.7% Accommodation and Food Services, Upper Lachlan Shire: 1.9% Transport, Postal and Warehousing, Upper Lachlan Shire: 1.9% Information Media and Telecommunications, Upper Lachlan Shire: 1.1% Financial and Insurance Services, Upper Lachlan Shire: 0.8% Rental, Hiring and Real Estate Services, Upper Lachlan Shire: 1.0% Professional, Scientific and Technical Services, Upper Lachlan Shire: 2.2% Administrative and Support Services, Upper Lachlan Shire: 1.7% Public Administration and Safety, Upper Lachlan Shire: 3.2% Education and Training, Upper Lachlan Shire: 4.1% Health Care and Social Assistance, Upper Lachlan Shire: 4.5% Arts and Recreation Services, Upper Lachlan Shire: 0.3% Other Services, Upper Lachlan Shire: 1.5%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Upper Lachlan Shire in 2017/18 shows the three largest industries were:

  • Agriculture, Forestry and Fishing ($121 million or 33.8%)
  • Construction ($117 million or 32.6%)
  • Health Care and Social Assistance ($16 million or 4.5%)

In combination these three industries accounted for $253 million in total or 70.9% of the total value added by industry in Upper Lachlan Shire.

In comparison, the same 3 industries in New South Wales accounted for 1.8% in Agriculture, Forestry and Fishing; 8.2% in Construction; and 7.4% in Health Care and Social Assistance.

The major differences between the value added by industries of Upper Lachlan Shire and New South Wales were:

  • A larger percentage of value added by Agriculture, Forestry and Fishing (33.8% compared to 1.8%)
  • A larger percentage of value added by Construction (32.6% compared to 8.2%)
  • A smaller percentage of value added by Financial and Insurance Services (0.8% compared to 14.9%)
  • A smaller percentage of value added by Professional, Scientific and Technical Services (2.2% compared to 9.8%)

Change in value added by industry sector, 2012/13 to 2017/18
Change in value added by industry sector, 2012/13 to 2017/18 Agriculture, Forestry and Fishing, Upper Lachlan Shire: -$11.7 million Mining, Upper Lachlan Shire: -$1.2 million Manufacturing, Upper Lachlan Shire: +$1.1 million Electricity, Gas, Water and Waste Services, Upper Lachlan Shire: -$2.1 million Construction, Upper Lachlan Shire: -$1.8 million Wholesale Trade, Upper Lachlan Shire: +$0.2 million Retail Trade, Upper Lachlan Shire: +$0.5 million Accommodation and Food Services, Upper Lachlan Shire: +$1.6 million Transport, Postal and Warehousing, Upper Lachlan Shire: -$2.6 million Information Media and Telecommunications, Upper Lachlan Shire: +$1.0 million Financial and Insurance Services, Upper Lachlan Shire: -$0.7 million Rental, Hiring and Real Estate Services, Upper Lachlan Shire: +$0.7 million Professional, Scientific and Technical Services, Upper Lachlan Shire: -$0.2 million Administrative and Support Services, Upper Lachlan Shire: +$3.1 million Public Administration and Safety, Upper Lachlan Shire: +$1.8 million Education and Training, Upper Lachlan Shire: +$1.9 million Health Care and Social Assistance, Upper Lachlan Shire: +$1.3 million Arts and Recreation Services, Upper Lachlan Shire: +$0.5 million Other Services, Upper Lachlan Shire: +$0.3 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in Upper Lachlan Shire decreased by 6.2 million between 2012/13 and 2017/18.

There were no major changes in the value added by industries between 2012/13 and 2017/18 in Upper Lachlan Shire.

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