Understanding the economic role of City of Launceston 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 Launceston'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 Launceston | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 772 | 1.6 | 664 | 1.6 | 483 | 1.2 |
Mining | 84 | 0.2 | 112 | 0.3 | 114 | 0.3 |
Goods related | 15,899 | 33.4 | 14,513 | 35.6 | 15,497 | 38.4 |
Household services | 21,509 | 45.2 | 16,986 | 41.7 | 15,420 | 38.2 |
Business services | 6,874 | 14.4 | 6,255 | 15.3 | 6,057 | 15.0 |
Public administration and safety | 2,448 | 5.1 | 2,246 | 5.5 | 2,828 | 7.0 |
Total Industries | 47,585 | 100.0 | 40,775 | 100.0 | 40,399 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©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 |