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 | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 787 | 1.6 | 636 | 1.6 | 474 | 1.2 |
| Mining | 489 | 1.0 | 223 | 0.5 | 231 | 0.6 |
| Goods related | 15,939 | 32.8 | 14,717 | 36.0 | 15,507 | 38.2 |
| Household services | 21,742 | 44.7 | 17,008 | 41.6 | 15,436 | 38.0 |
| Business services | 7,164 | 14.7 | 6,042 | 14.8 | 6,140 | 15.1 |
| Public administration and safety | 2,475 | 5.1 | 2,235 | 5.5 | 2,845 | 7.0 |
| Total Industries | 48,597 | 100.0 | 40,861 | 100.0 | 40,634 | 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 | ||||||