Understanding the economic role of City of Canterbury Bankstown 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 City of Canterbury Bankstown'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 | ||||||
---|---|---|---|---|---|---|
City of Canterbury Bankstown | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 142 | 0.1 | 184 | 0.2 | 112 | 0.1 |
Mining | 149 | 0.1 | 116 | 0.1 | 23 | 0.0 |
Goods related | 54,337 | 49.4 | 60,605 | 52.6 | 57,981 | 54.6 |
Household services | 37,436 | 34.1 | 38,138 | 33.1 | 32,152 | 30.3 |
Business services | 13,070 | 11.9 | 11,631 | 10.1 | 11,320 | 10.7 |
Public administration and safety | 4,771 | 4.3 | 4,454 | 3.9 | 4,675 | 4.4 |
Total Industries | 109,905 | 100.0 | 115,128 | 100.0 | 106,262 | 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 |