Full-time equivalent (FTE) employment is modelled by NIEIR and takes into account differences in hours worked between industry sectors. It is a measure that allows direct comparison of employment between industries in the City of Sydney.
Typically, industries such as Retail Trade and Accommodation and Food Services, which employ many part-time workers, have lower FTE employment than total employment.
FTE employment is calculated directly by dividing the total hours worked in each industry by 38. By comparing the number of full-time equivalent jobs in 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 area to its benchmark, or by using a location quotient to look at the relative size of industries.
FTE employment should be viewed in conjunction with Employment by industry (Total) and Employment by industry (Census), for a full understanding of the industry breakdown in the area. Worker productivity data shows the value of a worker in each industry to the local economy. Employment locations shows where employment is taking place in each industry sector.
Data source
National Economics (NIEIR) - Modelled series
Current benchmark:
Comparison year:
| Full-time equivalent employment by industry sector | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| City of Sydney | 2023/24 | 2018/19 | Change | ||||||
| Industry | Number | % | New South Wales | Number | % | New South Wales | 2018/19 - 2023/24 | ||
| Agriculture, Forestry and Fishing | 583 | 0.1 | 2.1 | 630 | 0.1 | 2.5 | -46 | ||
| Mining | 2,287 | 0.4 | 1.1 | 2,308 | 0.4 | 1.1 | -21 | ||
| Manufacturing | 9,712 | 1.6 | 6.3 | 10,816 | 1.9 | 7.4 | -1,104 | ||
| Electricity, Gas, Water and Waste Services | 4,527 | 0.7 | 1.2 | 4,139 | 0.7 | 1.1 | +388 | ||
| Construction | 19,473 | 3.2 | 10.5 | 26,218 | 4.6 | 10.4 | -6,745 | ||
| Wholesale Trade | 7,771 | 1.3 | 3.4 | 11,061 | 1.9 | 3.6 | -3,290 | ||
| Retail Trade | 31,138 | 5.1 | 8.1 | 27,681 | 4.8 | 8.4 | +3,456 | ||
| Accommodation and Food Services | 24,124 | 3.9 | 5.2 | 26,800 | 4.7 | 5.6 | -2,676 | ||
| Transport, Postal and Warehousing | 20,058 | 3.3 | 5.5 | 17,886 | 3.1 | 5.9 | +2,172 | ||
| Information Media and Telecommunications | 26,591 | 4.4 | 1.9 | 33,149 | 5.8 | 2.5 | -6,557 | ||
| Financial and Insurance Services | 132,449 | 21.7 | 5.9 | 105,935 | 18.4 | 5.3 | +26,514 | ||
| Rental, Hiring and Real Estate Services | 15,482 | 2.5 | 1.8 | 14,761 | 2.6 | 1.8 | +722 | ||
| Professional, Scientific and Technical Services | 170,479 | 27.9 | 11.0 | 148,875 | 25.9 | 10.6 | +21,604 | ||
| Administrative and Support Services | 19,728 | 3.2 | 2.8 | 21,040 | 3.7 | 2.9 | -1,311 | ||
| Public Administration and Safety | 46,418 | 7.6 | 6.3 | 39,845 | 6.9 | 5.8 | +6,573 | ||
| Education and Training | 26,508 | 4.3 | 8.1 | 28,270 | 4.9 | 7.7 | -1,762 | ||
| Health Care and Social Assistance | 30,130 | 4.9 | 13.9 | 27,982 | 4.9 | 11.9 | +2,147 | ||
| Arts and Recreation Services | 13,688 | 2.2 | 1.5 | 14,544 | 2.5 | 1.5 | -856 | ||
| Other Services | 9,843 | 1.6 | 3.4 | 12,312 | 2.1 | 3.8 | -2,469 | ||
| Total industries | 610,989 | 100.0 | 100.0 | 574,252 | 100.0 | 100.0 | +36,737 | ||
Source: National Institute of Economic and Industry Research (NIEIR) ©2025. 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 | |||||||||
Dominant groups
An analysis of the jobs held by the full-time equivalent local workers in the City of Sydney in 2023/24 shows the three largest industries were:
- Professional, Scientific and Technical Services (170,479 people or 27.9%)
- Financial and Insurance Services (132,449 people or 21.7%)
- Public Administration and Safety (46,418 people or 7.6%)
In combination these three fields accounted for 349,346 people in total or 57.2% of the local workers.
In comparison, New South Wales employed 11.0% in Professional, Scientific and Technical Services; 5.9% in Financial and Insurance Services and 6.3% in Public Administration and Safety.
The major differences between the jobs held by the full-time equivalent local workers of the City of Sydney and New South Wales were:
- A larger percentage of full-time equivalent local workers employed in Professional, Scientific and Technical Services (27.9% compared to 11.0%)
- A larger percentage of full-time equivalent local workers employed in Financial and Insurance Services (21.7% compared to 5.9%)
- A smaller percentage of full-time equivalent local workers employed in Health Care and Social Assistance (4.9% compared to 13.9%)
- A smaller percentage of full-time equivalent local workers employed in Construction (3.2% compared to 10.5%)
Emerging groups
The number of full-time equivalent local workers in the City of Sydney increased by increased by 36,737 between 2018/19 and 2023/24.
The largest changes in the jobs held by the full-time equivalent local workers between 2018/19 and 2023/24 in the City of Sydney were for those employed in:
- Financial and Insurance Services (+26,514 full-time equivalent local workers)
- Professional, Scientific and Technical Services (+21,604 full-time equivalent local workers)
- Public Administration and Safety (+6,573 full-time equivalent local workers)
- Retail Trade (+3,456 full-time equivalent local workers)