Woollahra Municipal Council area

Value added

In Woollahra Municipal Council area, Rental, Hiring and Real Estate Services most productive industry, generating $604 million in 2020/21.

Value added by industry is an indicator of business productivity in 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 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 area2020/212015/16Change
Industry$m%. New South Wales$m%. New South Wales2015/16 - 2020/21
Agriculture, Forestry and Fishing13.30.42.110.90.32.3+2.4
Mining13.70.42.61.80.13.1+11.9
Manufacturing49.01.46.556.51.76.9-7.5
Electricity, Gas, Water and Waste Services3.20.12.44.30.12.6-1.1
Construction441.512.88.7331.79.88.8+109.8
Wholesale Trade64.71.95.381.32.45.2-16.6
Retail Trade253.97.35.4211.46.35.2+42.4
Accommodation and Food Services142.04.12.6169.35.03.0-27.2
Transport, Postal and Warehousing37.01.15.333.31.06.4+3.7
Information Media and Telecommunications58.71.73.772.92.23.4-14.2
Financial and Insurance Services296.68.612.7297.98.813.3-1.3
Rental, Hiring and Real Estate Services603.817.54.6675.720.14.4-71.9
Professional, Scientific and Technical Services361.510.510.7341.410.18.9+20.1
Administrative and Support Services142.84.14.4178.25.34.7-35.4
Public Administration and Safety214.76.25.7258.07.75.4-43.3
Education and Training231.36.75.9243.97.26.0-12.6
Health Care and Social Assistance362.610.58.5241.17.27.1+121.5
Arts and Recreation Services68.02.00.953.61.60.9+14.4
Other Services98.32.81.9105.83.12.1-7.5
Total industries3,456.7100.0100.03,369.0100.0100.0+87.7

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. 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 Woollahra Municipal Council area in 2020/21 shows the three largest industries were:

  • Rental, Hiring and Real Estate Services (604 million or 17.5%)
  • Construction (442 million or 12.8%)
  • Health Care and Social Assistance (363 million or 10.5%)

In combination these three industries accounted for 1,408 million in total or 40.7% of the total value added by industry in 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; 8.7% in Construction and 8.5% in Health Care and Social Assistance.

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

  • A larger percentage of value added by Rental, Hiring and Real Estate Services (17.5% compared to 4.6%)
  • A smaller percentage of value added by Manufacturing (1.4% compared to 6.5%)
  • A smaller percentage of value added by Transport, Postal and Warehousing (1.1% compared to 5.3%)
  • A smaller percentage of value added by Financial and Insurance Services (8.6% compared to 12.7%)

Emerging groups

The total value added by industry in Woollahra Municipal Council area $increased by 88 million between 2015/16 and 2020/21.

The largest changes in the value added by industries between 2015/16 and 2020/21 in Woollahra Municipal Council area were for:

  • Health Care and Social Assistance (+$121 million)
  • Construction (+$110 million)
  • Retail Trade (+$42 million)
  • Professional, Scientific and Technical Services (+$20 million)

Woollahra Municipal Council

economic profile