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 | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 633 | 0.5 | 847 | 0.7 | 296 | 0.3 |
| Mining | 144 | 0.1 | 130 | 0.1 | 122 | 0.1 |
| Goods related | 85,181 | 63.5 | 73,918 | 65.0 | 65,606 | 68.1 |
| Household services | 30,161 | 22.5 | 24,546 | 21.6 | 18,265 | 19.0 |
| Business services | 11,036 | 8.2 | 8,941 | 7.9 | 7,571 | 7.9 |
| Public administration and safety | 7,066 | 5.3 | 5,305 | 4.7 | 4,445 | 4.6 |
| Total Industries | 134,221 | 100.0 | 113,686 | 100.0 | 96,306 | 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 | ||||||