Cradle Coast RegionEconomic profile
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King Island Council area

Industry composition

In 2015, the Goods related sector accounted for 39.9% of employment in the Cradle Coast Region. The importance of this sector has declined over the last 10 years (41.7% in 2005)

Understanding the economic role of the Cradle Coast Region 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 the the Cradle Coast Region'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
Employment composition Public administration and safety, 2015: 7.7% Business services, 2015: 6.3% Household services, 2015: 20.6% Goods related, 2015: 39.9% Mining, 2015: 0.0% Agriculture, forestry and fishing, 2015: 25.4% Public administration and safety, 2010: 7.4% Business services, 2010: 5.8% Household services, 2010: 17.9% Goods related, 2010: 41.3% Mining, 2010: 0.0% Agriculture, forestry and fishing, 2010: 27.5% Public administration and safety, 2005: 5.5% Business services, 2005: 5.8% Household services, 2005: 17.5% Goods related, 2005: 41.7% Mining, 2005: 0.0% Agriculture, forestry and fishing, 2005: 29.5%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Employment composition
King Island Council area201520102005
IndustryNumber%Number%Number%
Agriculture, forestry and fishing21725.426127.529229.5
Mining00.000.000.0
Goods related34139.939341.341241.7
Household services17620.617017.917317.5
Business services546.3565.8585.8
Public administration and safety667.7707.4545.5

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

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