City of AlbanyEconomic profile
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City of Albany

Industry composition

In 2015, the Goods related sector accounted for 37.5% of employment in the City of Albany. The importance of this sector has declined over the last 10 years (38.0% in 2005)

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, 2015: 0.3% Agriculture, forestry and fishing, 2015: 7.0% Public administration and safety, 2015: 7.2% Business services, 2015: 11.5% Household services, 2015: 36.5% Goods related, 2015: 37.5% Mining, 2010: 0.3% Agriculture, forestry and fishing, 2010: 7.2% Public administration and safety, 2010: 6.9% Business services, 2010: 12.3% Household services, 2010: 34.9% Goods related, 2010: 38.5% Mining, 2005: 0.2% Agriculture, forestry and fishing, 2005: 8.3% Public administration and safety, 2005: 6.3% Business services, 2005: 12.9% Household services, 2005: 34.3% Goods related, 2005: 38.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts
Employment composition
City of Albany201520102005
Goods related5,37137.55,62338.54,99738.0
Household services5,22736.55,10334.94,51734.3
Business services1,65211.51,79712.31,69712.9
Public administration and safety1,0247.21,0156.98326.3
Agriculture, forestry and fishing9997.01,0477.21,0998.3

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

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.