An "economy" is a system of production, distribution and consumption of goods and services in a defined area. This section profiles the underlying economic structure of the local area and how it is performing.

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    A key economic resource is people, both as consumers and producers of goods and services. The skills and composition of the local and regional labour force contribute to an area's economic success, along with its transport connections, infrastructure and other assets.

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    Welcome to the economic profile for
    The South West Group.

    economy.id® is an economic profile which is designed to meet the following objectives:

    Describe

    enable users to accurately describe the nature of the local economy

    Explore

    provide the information base to develop economic strategies

    Promote

    provide resources to develop promotional material

    • Gross Product (Local)

      $17,996 million (2009),
      10.6% of Western Australia's Gross State Product

      Gross Product (Local) per capita $58,712 (2009)

    • Largest industry

      By employment (2006): Retail trade (18,289)

      By value added (2009): Manufacturing ($3,852 million)

      By output (2009): Manufacturing ($20,697 million)

    • Employment

      181,652 residents in the South West Group are employed (Mar-10)

    • Businesses

      26,235 registered businesses (2007)

    • Population

      Estimated Resident Population 353,582 (Jun-09)
      2.21% growth per annum (over 10 years)

    • Unemployment (residents)

      5.2%, compared to 4.7% in Western Australia (Mar-10)