Understanding the economic role of City of Vincent 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 City of Vincent'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 Vincent | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 39 | 0.1 | 65 | 0.3 | 3 | 0.0 |
Mining | 243 | 0.9 | 200 | 0.8 | 273 | 1.1 |
Goods related | 9,250 | 32.9 | 6,837 | 27.3 | 7,827 | 32.3 |
Household services | 10,836 | 38.5 | 9,724 | 38.8 | 7,866 | 32.5 |
Business services | 6,486 | 23.0 | 6,645 | 26.5 | 6,428 | 26.5 |
Public administration and safety | 1,291 | 4.6 | 1,561 | 6.2 | 1,841 | 7.6 |
Total Industries | 28,144 | 100.0 | 25,032 | 100.0 | 24,237 | 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 |