In 2019, the Goods related sector accounted for 57.9% of employment in Bayside Council area. The importance of this sector has declined over the last 10 years (66.3% in 2009)
Understanding the economic role of Bayside Council 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 Bayside Council area'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 | ||||||
|---|---|---|---|---|---|---|
| Bayside Council area | 2019 | 2014 | 2009 | |||
| Industry | $ | number | number | % | number | % |
| Agriculture, forestry and fishing | 124 | 0.1 | 102 | 0.1 | 99 | 0.1 |
| Mining | 7 | 0.0 | 8 | 0.0 | 9 | 0.0 |
| Goods related | 59,955 | 57.9 | 55,950 | 63.9 | 56,845 | 66.3 |
| Household services | 21,862 | 21.1 | 16,235 | 18.5 | 14,616 | 17.1 |
| Business services | 15,588 | 15.1 | 10,861 | 12.4 | 9,526 | 11.1 |
| Public administration and safety | 6,022 | 5.8 | 4,381 | 5.0 | 4,595 | 5.4 |
| Total Industries | 103,558 | 100.0 | 87,538 | 100.0 | 85,690 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id informed decisions. Data are based on a 2016-17 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 | ||||||