Understanding the economic role of Town of Cambridge 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 Town of Cambridge'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 | ||||||
|---|---|---|---|---|---|---|
| Town of Cambridge | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 61 | 0.4 | 58 | 0.4 | 35 | 0.3 |
| Mining | 173 | 1.1 | 181 | 1.2 | 158 | 1.2 |
| Goods related | 2,454 | 15.7 | 2,362 | 15.1 | 2,911 | 21.9 |
| Household services | 9,627 | 61.7 | 9,248 | 59.3 | 7,208 | 54.3 |
| Business services | 2,851 | 18.3 | 3,269 | 21.0 | 2,555 | 19.2 |
| Public administration and safety | 444 | 2.8 | 481 | 3.1 | 410 | 3.1 |
| Total Industries | 15,609 | 100.0 | 15,600 | 100.0 | 13,277 | 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 | ||||||