City of Albany

Industry composition

In 2023, the Household services sector accounted for 42.7% of employment in City of Albany. The importance of this sector has increased over the last 10 years (35.6% in 2012)

Understanding the economic role of City of Albany 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 Albany'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.

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Employment composition
City of Albany202320172012
Industrynumber%. number%. number%.
Agriculture, forestry and fishing1,1496.01,3538.11,2077.8
Goods related6,61334.65,67333.95,77637.3
Household services8,16742.76,72040.25,51135.6
Business services1,8999.91,84111.01,90012.3
Public administration and safety1,2226.41,0986.61,0176.6
Total Industries19,123100.016,736100.015,484100.0

Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©2023. Compiled and presented in 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

City of Albany

economic profile