Understanding the economic role of City of Ballarat 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 Ballarat'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 | ||||||
|---|---|---|---|---|---|---|
| City of Ballarat | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 833 | 1.3 | 898 | 1.7 | 581 | 1.2 |
| Mining | 688 | 1.1 | 599 | 1.1 | 402 | 0.9 |
| Goods related | 21,723 | 35.0 | 18,859 | 36.1 | 18,699 | 39.9 |
| Household services | 28,110 | 45.3 | 22,951 | 43.9 | 18,515 | 39.5 |
| Business services | 7,326 | 11.8 | 6,380 | 12.2 | 6,090 | 13.0 |
| Public administration and safety | 3,325 | 5.4 | 2,600 | 5.0 | 2,616 | 5.6 |
| Total Industries | 62,005 | 100.0 | 52,289 | 100.0 | 46,904 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2024. ©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 | ||||||