The NSW Primary Industries have reached a historic milestone, recording an estimated Gross Value of Production (GVP) of $25.5 billion, underscoring the sector's enduring resilience, ongoing innovation, and its vital contribution to driving the state's economy.
GVP is a key metric used by the Minns Labor Government to report on the performance of NSW primary industries and has been measured and reported by NSW Department of Primary Industries and Regional Development (DPIRD) for the past 10 years.
This record figure for the 2024/25 financial year, released today by the NSW Government, marks a 22% increase from last year and is $2.4 billion above the previous record of $23.1 billion set in 2021-22.
Significantly, it is 16% above the 5-year average and more than double the $12.5 billion recorded in 2014-15 demonstrating a sustained growth across all sectors.
The Minns Government is helping build-up and protect the state's primary industries with $100 million invested over the last year in agricultural research and more than $1 billion in biosecurity systems and programs.
The strong GVP is built on record-breaking performance across key agricultural sectors, including unprecedented red meat and poultry production, exceptional horticulture output, and historic winter crop yield, particularly chickpeas, alongside above-average summer crop results, notably cotton and sorghum.
These outcomes are underpinned by farmer innovation, with producers adopting new technologies, farming practices, and strategies to help boost productivity and resilience.
The record comes despite external pressures from natural disasters, drier seasonal conditions, volatile prices and biosecurity challenges.
Sector breakdown for the Primary Industries portfolio 2024/25 showed:
- Cropping GVP was up 31% to $11.6 billion est. and 14% above the 5-year average.
- Livestock GVP was up 19% to $9.5 billion est. and 18% above the 5-year average.
- Horticulture GVP was up 8% to $3.7 billion est. and 18% above the 5-year average.
- Forestry GVP was up 6% to $468 million est. and 5% above the 5-year average.
- Fisheries GVP is up 4% to $223 million est. (including a forecast $112.6 million from aquaculture) and 7% above the 5-year average.
The Government's Performance and Data Insights report (DPI) provides an estimate of the GVP for all the major primary industries commodities produced in NSW and an analysis of key drivers of performance for each commodity.
The report is published annually, with 2025 marking the tenth publication. PDI estimates are published in November each year for the previous financial year, and is the most comprehensive data set available for NSW primary industries.
