In 2019, the Household services sector accounted for 42.7% of employment in City of Launceston. The importance of this sector has increased over the last 10 years (36.3% in 2009)
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 | 2019 | 2014 | 2009 | |||
| Industry | $ | number | number | % | number | % |
| Agriculture, forestry and fishing | 510 | 1.3 | 546 | 1.4 | 698 | 1.7 |
| Mining | 132 | 0.3 | 140 | 0.4 | 88 | 0.2 |
| Goods related | 14,310 | 35.5 | 14,419 | 36.6 | 16,359 | 39.6 |
| Household services | 17,191 | 42.7 | 15,807 | 40.1 | 14,989 | 36.3 |
| Business services | 5,725 | 14.2 | 5,911 | 15.0 | 6,484 | 15.7 |
| Public administration and safety | 2,432 | 6.0 | 2,577 | 6.5 | 2,724 | 6.6 |
| Total Industries | 40,300 | 100.0 | 39,401 | 100.0 | 41,342 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id informed decisions. Data are based on a 2016-17 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 | ||||||