Understanding the economic role of Burwood 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 Burwood 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 | ||||||
---|---|---|---|---|---|---|
Burwood Council area | 2023 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 6 | 0.0 | 13 | 0.1 | 1 | 0.0 |
Mining | 7 | 0.0 | 0 | 0.0 | 3 | 0.0 |
Goods related | 4,930 | 26.7 | 5,543 | 28.6 | 6,435 | 34.1 |
Household services | 8,596 | 46.6 | 8,334 | 43.0 | 7,627 | 40.4 |
Business services | 3,099 | 16.8 | 3,656 | 18.9 | 3,617 | 19.2 |
Public administration and safety | 1,825 | 9.9 | 1,846 | 9.5 | 1,182 | 6.3 |
Total Industries | 18,464 | 100.0 | 19,392 | 100.0 | 18,866 | 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 |