Understanding the economic role of Armidale Regional Council provides a framework for understanding what policy responses and investment may be appropriate to support the growth of businesses and maintenance of a vibrant economy in the future.
The charts and table below give a broad overview of the role and function of your economy. It helps answer questions such as:
- How much of Armidale Regional Council's economy is driven by meeting the local population needs?
- What proportion of jobs in the area are in goods production or selling of products?
- In which broad sectors are the key strengths of the local economy?
- What contribution do business services make in your area and is it growing?
- Is there a presence of local, state and federal government workers in in the area?
Once you have developed a broad picture of your economy, you can then drill down further with all the detail here.
Employment composition | ||||||
---|---|---|---|---|---|---|
Armidale Regional Council | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 1,929 | 12.5 | 1,400 | 9.7 | 1,406 | 10.0 |
Mining | 67 | 0.4 | 77 | 0.5 | 62 | 0.4 |
Goods related | 3,652 | 23.7 | 3,567 | 24.8 | 3,706 | 26.5 |
Household services | 7,093 | 46.0 | 6,724 | 46.7 | 6,345 | 45.3 |
Business services | 1,812 | 11.7 | 1,725 | 12.0 | 1,745 | 12.5 |
Public administration and safety | 873 | 5.7 | 890 | 6.2 | 738 | 5.3 |
Total Industries | 15,426 | 100.0 | 14,383 | 100.0 | 14,001 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©2023. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2020-21 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. Please refer to specific data notes for more information |