Woollahra Municipal CouncilEconomic profile
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Woollahra Municipal Council area

Value added

In Woollahra Municipal Council area, Rental, Hiring and Real Estate Services is the most productive industry, generating $657 million in 2016/17.

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 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
Woollahra Municipal Council area - Constant prices2016/172011/12Change
Industry
(Click rows to view sub-categories)
$m%New South Wales%$m%New South Wales%2011/12 to 2016/17
Agriculture, Forestry and Fishing19.60.62.316.20.62.5+3.4
Mining1.70.12.23.50.11.9-1.8
Manufacturing46.41.56.652.22.18.3-5.8
Electricity, Gas, Water and Waste Services3.50.12.38.90.43.1-5.4
Construction241.67.68.1129.25.17.5+112.4
Wholesale Trade66.22.15.277.53.14.8-11.3
Retail Trade198.56.25.3194.07.75.4+4.5
Accommodation and Food Services168.95.33.2140.15.53.3+28.8
Transport, Postal and Warehousing30.00.96.226.21.06.4+3.9
Information Media and Telecommunications80.32.54.364.22.54.0+16.1
Financial and Insurance Services304.39.614.5267.210.614.0+37.1
Rental, Hiring and Real Estate Services656.720.64.5409.616.23.6+247.0
Professional, Scientific and Technical Services343.810.89.6279.611.19.0+64.2
Administrative and Support Services153.24.84.4155.66.24.6-2.4
Public Administration and Safety229.77.25.6221.38.85.8+8.4
Education and Training229.37.25.6176.37.05.7+53.0
Health Care and Social Assistance247.17.87.3177.87.07.0+69.3
Arts and Recreation Services67.32.11.044.51.80.9+22.8
Other Services95.53.01.983.73.32.3+11.8

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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 2016/17
Value added by industry sector 2016/17 Agriculture, Forestry and Fishing, New South Wales: 2.3% Mining, New South Wales: 2.2% Manufacturing, New South Wales: 6.6% Electricity, Gas, Water and Waste Services, New South Wales: 2.3% Construction, New South Wales: 8.1% Wholesale Trade, New South Wales: 5.2% Retail Trade, New South Wales: 5.3% Accommodation and Food Services, New South Wales: 3.2% Transport, Postal and Warehousing, New South Wales: 6.2% Information Media and Telecommunications, New South Wales: 4.3% Financial and Insurance Services, New South Wales: 14.5% Rental, Hiring and Real Estate Services, New South Wales: 4.5% Professional, Scientific and Technical Services, New South Wales: 9.6% Administrative and Support Services, New South Wales: 4.4% Public Administration and Safety, New South Wales: 5.6% Education and Training, New South Wales: 5.6% Health Care and Social Assistance, New South Wales: 7.3% Arts and Recreation Services, New South Wales: 1.0% Other Services, New South Wales: 1.9% Agriculture, Forestry and Fishing, Woollahra Municipal Council area: 0.6% Mining, Woollahra Municipal Council area: 0.1% Manufacturing, Woollahra Municipal Council area: 1.5% Electricity, Gas, Water and Waste Services, Woollahra Municipal Council area: 0.1% Construction, Woollahra Municipal Council area: 7.6% Wholesale Trade, Woollahra Municipal Council area: 2.1% Retail Trade, Woollahra Municipal Council area: 6.2% Accommodation and Food Services, Woollahra Municipal Council area: 5.3% Transport, Postal and Warehousing, Woollahra Municipal Council area: 0.9% Information Media and Telecommunications, Woollahra Municipal Council area: 2.5% Financial and Insurance Services, Woollahra Municipal Council area: 9.6% Rental, Hiring and Real Estate Services, Woollahra Municipal Council area: 20.6% Professional, Scientific and Technical Services, Woollahra Municipal Council area: 10.8% Administrative and Support Services, Woollahra Municipal Council area: 4.8% Public Administration and Safety, Woollahra Municipal Council area: 7.2% Education and Training, Woollahra Municipal Council area: 7.2% Health Care and Social Assistance, Woollahra Municipal Council area: 7.8% Arts and Recreation Services, Woollahra Municipal Council area: 2.1% Other Services, Woollahra Municipal Council area: 3.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An analysis of the valued added by industry sectors in Woollahra Municipal Council area in 2016/17 shows the three largest industries were:

  • Rental, Hiring and Real Estate Services ($657 million or 20.6%)
  • Professional, Scientific and Technical Services ($344 million or 10.8%)
  • Financial and Insurance Services ($304 million or 9.6%)

In combination these three industries accounted for $1,305 million in total or 41.0% of the total value added by industry in Woollahra Municipal Council area.

In comparison, the same 3 industries in New South Wales accounted for 4.5% in Rental, Hiring and Real Estate Services; 9.6% in Professional, Scientific and Technical Services; and 14.5% in Financial and Insurance Services.

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 (20.6% compared to 4.5%)
  • A smaller percentage of value added by Transport, Postal and Warehousing (0.9% compared to 6.2%)
  • A smaller percentage of value added by Manufacturing (1.5% compared to 6.6%)
  • A smaller percentage of value added by Financial and Insurance Services (9.6% compared to 14.5%)

Change in value added by industry sector, 2011/12 to 2016/17
Change in value added by industry sector, 2011/12 to 2016/17 Agriculture, Forestry and Fishing, Woollahra Municipal Council area: +$3.4 million Mining, Woollahra Municipal Council area: -$1.8 million Manufacturing, Woollahra Municipal Council area: -$5.8 million Electricity, Gas, Water and Waste Services, Woollahra Municipal Council area: -$5.4 million Construction, Woollahra Municipal Council area: +$112.4 million Wholesale Trade, Woollahra Municipal Council area: -$11.3 million Retail Trade, Woollahra Municipal Council area: +$4.5 million Accommodation and Food Services, Woollahra Municipal Council area: +$28.8 million Transport, Postal and Warehousing, Woollahra Municipal Council area: +$3.9 million Information Media and Telecommunications, Woollahra Municipal Council area: +$16.1 million Financial and Insurance Services, Woollahra Municipal Council area: +$37.1 million Rental, Hiring and Real Estate Services, Woollahra Municipal Council area: +$247.0 million Professional, Scientific and Technical Services, Woollahra Municipal Council area: +$64.2 million Administrative and Support Services, Woollahra Municipal Council area: -$2.4 million Public Administration and Safety, Woollahra Municipal Council area: +$8.4 million Education and Training, Woollahra Municipal Council area: +$53.0 million Health Care and Social Assistance, Woollahra Municipal Council area: +$69.3 million Arts and Recreation Services, Woollahra Municipal Council area: +$22.8 million Other Services, Woollahra Municipal Council area: +$11.8 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Emerging groups

The total value added by industry in Woollahra Municipal Council area increased by 656.1 million between 2011/12 and 2016/17.

The largest changes in the value added by industries between 2011/12 and 2016/17 in Woollahra Municipal Council area were for:

  • Rental, Hiring and Real Estate Services (+$247 million)
  • Construction (+$112 million)
  • Health Care and Social Assistance (+$69 million)
  • Professional, Scientific and Technical Services (+$64 million)

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