Understanding the economic role of Inner West 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 the Inner West Council area'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 | ||||||
---|---|---|---|---|---|---|
Inner West Council area | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 180 | 0.2 | 130 | 0.2 | 104 | 0.2 |
Mining | 46 | 0.1 | 24 | 0.0 | 19 | 0.0 |
Goods related | 25,877 | 34.8 | 26,883 | 36.2 | 26,443 | 39.0 |
Household services | 30,463 | 41.0 | 29,096 | 39.2 | 24,638 | 36.4 |
Business services | 13,359 | 18.0 | 13,306 | 17.9 | 12,396 | 18.3 |
Public administration and safety | 4,443 | 6.0 | 4,879 | 6.6 | 4,167 | 6.1 |
Total Industries | 74,368 | 100.0 | 74,317 | 100.0 | 67,768 | 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 |