Cradle Coast Region

economic profile

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King Island Council area

Industry composition

In 2019, the Goods related sector accounted for 37.5% of employment in King Island Council area. The importance of this sector has declined over the last 10 years (40.0% in 2009)

Understanding the economic role of Cradle Coast Region 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 King Island 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.

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Employment composition
King Island Council area201920142009
Industry$numbernumber%. number%.
Agriculture, forestry and fishing22525.721525.130130.5
Mining0010.100
Goods related32837.533439.039540.0
Household services21424.419222.416817.0
Business services627.1566.5575.7
Public administration and safety465.3586.8666.7
Total Industries875100.0856100.0986100.0

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id the population experts. 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

Cradle Coast Region

economic profile