Understanding the economic role of City of Canterbury Bankstown 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 City of Canterbury Bankstown'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 | ||||||
|---|---|---|---|---|---|---|
| City of Canterbury Bankstown | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 129 | 0.1 | 153 | 0.1 | 97 | 0.1 |
| Mining | 223 | 0.2 | 124 | 0.1 | 17 | 0.0 |
| Goods related | 56,608 | 49.3 | 58,831 | 51.4 | 57,695 | 54.4 |
| Household services | 39,874 | 34.7 | 38,812 | 33.9 | 32,211 | 30.4 |
| Business services | 13,140 | 11.4 | 12,118 | 10.6 | 11,385 | 10.7 |
| Public administration and safety | 4,808 | 4.2 | 4,472 | 3.9 | 4,679 | 4.4 |
| Total Industries | 114,782 | 100.0 | 114,510 | 100.0 | 106,084 | 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 | ||||||