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 | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 138 | 0.2 | 126 | 0.1 | 87 | 0.1 |
Mining | 17 | 0.0 | 5 | 0.0 | 9 | 0.0 |
Goods related | 48,029 | 57.3 | 55,404 | 62.4 | 57,106 | 64.9 |
Household services | 18,058 | 21.6 | 17,273 | 19.4 | 15,720 | 17.9 |
Business services | 12,403 | 14.8 | 11,982 | 13.5 | 10,590 | 12.0 |
Public administration and safety | 5,118 | 6.1 | 4,045 | 4.6 | 4,494 | 5.1 |
Total Industries | 83,763 | 100.0 | 88,835 | 100.0 | 88,006 | 100.0 |
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 |