Understanding the economic role of City of Knox 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 City of Knox'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 | ||||||
|---|---|---|---|---|---|---|
| City of Knox | 2021 | 2016 | 2011 | |||
| Industry | number | $ | number | % | number | % |
| Agriculture, forestry and fishing | 394 | 0.5 | 164 | 0.2 | 163 | 0.2 |
| Mining | 139 | 0.2 | 145 | 0.2 | 105 | 0.1 |
| Goods related | 42,011 | 55.3 | 41,919 | 55.0 | 43,048 | 59.0 |
| Household services | 22,226 | 29.2 | 22,417 | 29.4 | 19,270 | 26.4 |
| Business services | 9,208 | 12.1 | 9,479 | 12.4 | 8,494 | 11.6 |
| Public administration and safety | 2,057 | 2.7 | 2,112 | 2.8 | 1,932 | 2.6 |
| Total Industries | 76,036 | 100.0 | 76,236 | 100.0 | 73,012 | 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 | ||||||