Understanding the economic role of Banana Shire 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 Banana Shire'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 | ||||||
|---|---|---|---|---|---|---|
| Banana Shire | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 1,244 | 13.4 | 1,476 | 16.6 | 1,526 | 15.3 |
| Mining | 2,324 | 25.0 | 1,873 | 21.1 | 2,178 | 21.9 |
| Goods related | 2,774 | 29.9 | 2,744 | 30.9 | 3,230 | 32.5 |
| Household services | 1,979 | 21.3 | 1,792 | 20.2 | 1,862 | 18.7 |
| Business services | 561 | 6.0 | 580 | 6.5 | 771 | 7.7 |
| Public administration and safety | 407 | 4.4 | 408 | 4.6 | 379 | 3.8 |
| Total Industries | 9,289 | 100.0 | 8,872 | 100.0 | 9,946 | 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 | ||||||