King Island Council area
In 2018, the Goods related sector accounted for 39.4% of employment in the Cradle Coast Region. The importance of this sector has declined over the last 10 years (41.8% in 2007)
Understanding the economic role of the 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 the Cradle Coast Region'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.
|King Island Council area||2018||2013||2008|
|Agriculture, forestry and fishing||219||23.5||215||25.1||284||28.6||23000||-65.2553|
|Public administration and safety||44||4.7||62||7.3||63||6.4||23500||-19.6320|
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2018. Compiled and presented in economy.id by .id (opens a new window), 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