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 | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 143 | 0.2 | 216 | 0.3 | 172 | 0.2 |
| Mining | 203 | 0.2 | 191 | 0.2 | 94 | 0.1 |
| Goods related | 45,343 | 54.3 | 43,591 | 55.1 | 42,641 | 58.3 |
| Household services | 25,070 | 30.0 | 23,320 | 29.5 | 19,489 | 26.7 |
| Business services | 10,640 | 12.7 | 9,685 | 12.2 | 8,792 | 12.0 |
| Public administration and safety | 2,080 | 2.5 | 2,079 | 2.6 | 1,942 | 2.7 |
| Total Industries | 83,477 | 100.0 | 79,083 | 100.0 | 73,130 | 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 | ||||||