City of Albany

Industry composition

In 2022, the Household services sector accounted for 42.0% of employment in City of Albany. The importance of this sector has increased over the last 10 years (35.7% 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 Albany202220172012
Industrynumber%. number%. number%.
Agriculture, forestry and fishing1,2226.61,4418.51,0516.8
Mining760.4430.3510.3
Goods related6,20133.35,63633.15,94838.3
Household services7,81542.07,03241.35,54135.7
Business services2,16611.61,79910.61,90612.3
Public administration and safety1,1346.11,0616.21,0186.6
Total Industries18,614100.017,012100.015,515100.0

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

City of Albany

economic profile