Understanding the economic role of Hume City 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 Hume 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 | ||||||
|---|---|---|---|---|---|---|
| Hume City | 2021 | 2016 | 2011 | |||
| Industry | number | $ | number | % | number | % |
| Agriculture, forestry and fishing | 428 | 0.3 | 659 | 0.6 | 338 | 0.4 |
| Mining | 76 | 0.1 | 115 | 0.1 | 133 | 0.1 |
| Goods related | 86,760 | 67.6 | 71,166 | 65.9 | 65,069 | 68.7 |
| Household services | 23,843 | 18.6 | 22,433 | 20.8 | 17,679 | 18.7 |
| Business services | 9,872 | 7.7 | 8,528 | 7.9 | 7,158 | 7.6 |
| Public administration and safety | 7,272 | 5.7 | 5,129 | 4.7 | 4,280 | 4.5 |
| Total Industries | 128,251 | 100.0 | 108,030 | 100.0 | 94,656 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). Data are based on a 2018-19 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 | ||||||