Cradle Coast RegionEconomic profile
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King Island Council area

Industry composition

In 2015, the Goods related sector accounted for 39.9% of employment in the Cradle Coast Region. The importance of this sector has declined over the last 10 years (41.7% in 2005)

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.

Employment composition
Employment composition Mining, 2015: 0.0% Business services, 2015: 6.3% Public administration and safety, 2015: 7.7% Household services, 2015: 20.6% Agriculture, forestry and fishing, 2015: 25.4% Goods related, 2015: 39.9% Mining, 2010: 0.0% Business services, 2010: 5.8% Public administration and safety, 2010: 7.4% Household services, 2010: 17.9% Agriculture, forestry and fishing, 2010: 27.5% Goods related, 2010: 41.3% Mining, 2005: 0.0% Business services, 2005: 5.8% Public administration and safety, 2005: 5.5% Household services, 2005: 17.5% Agriculture, forestry and fishing, 2005: 29.5% Goods related, 2005: 41.7%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts
Employment composition
King Island Council area201520102005
Goods related34139.939341.341241.7
Agriculture, forestry and fishing21725.426127.529229.5
Household services17620.617017.917317.5
Public administration and safety667.7707.4545.5
Business services546.3565.8585.8

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in by .id , the population experts.

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.