Understanding the economic role of Inner West 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 the Inner West Council area'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 | ||||||
|---|---|---|---|---|---|---|
| Inner West Council area | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 282 | 0.4 | 131 | 0.2 | 94 | 0.1 |
| Mining | 38 | 0.1 | 28 | 0.0 | 17 | 0.0 |
| Goods related | 27,038 | 35.3 | 27,281 | 36.3 | 26,265 | 38.8 |
| Household services | 31,660 | 41.4 | 29,555 | 39.3 | 24,723 | 36.5 |
| Business services | 12,801 | 16.7 | 13,333 | 17.7 | 12,456 | 18.4 |
| Public administration and safety | 4,711 | 6.2 | 4,870 | 6.5 | 4,171 | 6.2 |
| Total Industries | 76,530 | 100.0 | 75,198 | 100.0 | 67,726 | 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 | ||||||