Understanding the economic role of Willoughby City 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 Willoughby City'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 | ||||||
---|---|---|---|---|---|---|
Willoughby City | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 109 | 0.2 | 96 | 0.1 | 65 | 0.1 |
Mining | 139 | 0.2 | 274 | 0.4 | 308 | 0.5 |
Goods related | 19,395 | 27.4 | 20,619 | 29.2 | 22,008 | 34.7 |
Household services | 26,314 | 37.2 | 23,927 | 33.9 | 18,572 | 29.3 |
Business services | 21,243 | 30.1 | 22,990 | 32.6 | 20,520 | 32.4 |
Public administration and safety | 3,481 | 4.9 | 2,673 | 3.8 | 1,957 | 3.1 |
Total Industries | 70,681 | 100.0 | 70,579 | 100.0 | 63,430 | 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 |