City of AlbanyEconomic profile
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City of Albany

Industry composition

In 2017, the Household services sector accounted for 42.5% of employment in the City of Albany. The importance of this sector has increased over the last 10 years (30.8% in 2007)

Understanding the economic role of the 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 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.

Employment composition
Employment composition Mining, 2017: 0.3% Public administration and safety, 2017: 6.7% Agriculture, forestry and fishing, 2017: 6.8% Business services, 2017: 10.2% Goods related, 2017: 33.4% Household services, 2017: 42.5% Mining, 2012: 0.5% Public administration and safety, 2012: 6.6% Agriculture, forestry and fishing, 2012: 12.3% Business services, 2012: 12.0% Goods related, 2012: 35.6% Household services, 2012: 33.0% Mining, 2007: 0.2% Public administration and safety, 2007: 6.6% Agriculture, forestry and fishing, 2007: 8.7% Business services, 2007: 14.1% Goods related, 2007: 39.5% Household services, 2007: 30.8%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts
Employment composition
City of Albany201720122007
Household services7,34842.55,06533.04,58730.8
Goods related5,78433.45,46435.65,88839.5
Business services1,76910.21,83612.02,10814.1
Agriculture, forestry and fishing1,1836.81,88812.31,2898.7
Public administration and safety1,1596.71,0116.69896.6

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

Data are based on a 2015-16 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