King Island Council area
Industry composition
In 2017, the Goods related sector accounted for 37.8% of employment in the Cradle Coast Region. The importance of this sector has declined over the last 10 years (41.3% 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.
Compiled and presented in economy.id by .id the population experts
| Employment composition | ||||||||
|---|---|---|---|---|---|---|---|---|
| King Island Council area | 2017 | 2012 | 2007 | |||||
| Industry | Number | % | Number | % | Number | % | ||
| Goods related | 356 | 37.8 | 385 | 42.4 | 419 | 41.3 | 23200 | -62.3556 |
| Agriculture, forestry and fishing | 229 | 24.3 | 226 | 24.8 | 293 | 29.0 | 23000 | -63.8854 |
| Household services | 225 | 23.8 | 175 | 19.3 | 176 | 17.3 | 23300 | 49.4170 |
| Business services | 63 | 6.7 | 55 | 6.0 | 63 | 6.2 | 23400 | 0.6810 |
| Public administration and safety | 48 | 5.1 | 68 | 7.5 | 63 | 6.2 | 23500 | -14.4773 |
| Mining | 21 | 2.3 | 0 | 0.0 | 0 | 0.0 | 23100 | 21.3697 |
| Total Industries | 944 | 100.0 | 910 | 100.0 | 1,013 | 100.0 | ||
Source: National Institute of Economic and Industry Research (NIEIR) (opens a new window) ©2016. Compiled and presented in economy.id by .id (opens a new window), the population experts.
Data are based on a 2015-16 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