Understanding the economic role of Cumberland City Council 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 Cumberland City'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 | ||||||
|---|---|---|---|---|---|---|
| Cumberland City | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 407 | 0.5 | 242 | 0.3 | 102 | 0.1 |
| Mining | 31 | 0.0 | 159 | 0.2 | 16 | 0.0 |
| Goods related | 52,328 | 59.7 | 49,930 | 58.0 | 49,478 | 62.0 |
| Household services | 21,879 | 25.0 | 22,718 | 26.4 | 19,342 | 24.2 |
| Business services | 9,599 | 11.0 | 10,040 | 11.7 | 8,234 | 10.3 |
| Public administration and safety | 3,386 | 3.9 | 2,959 | 3.4 | 2,685 | 3.4 |
| Total Industries | 87,630 | 100.0 | 86,048 | 100.0 | 79,857 | 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 | ||||||