Understanding the economic role of City of Melbourne 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 Melbourne'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 Melbourne | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 792 | 0.1 | 1,357 | 0.3 | 722 | 0.2 |
| Mining | 1,874 | 0.3 | 2,978 | 0.6 | 2,972 | 0.6 |
| Goods related | 104,705 | 16.8 | 102,133 | 19.1 | 89,170 | 19.0 |
| Household services | 145,075 | 23.3 | 136,607 | 25.6 | 113,980 | 24.2 |
| Business services | 302,208 | 48.6 | 239,675 | 44.9 | 214,983 | 45.7 |
| Public administration and safety | 67,391 | 10.8 | 50,656 | 9.5 | 48,669 | 10.3 |
| Total Industries | 622,044 | 100.0 | 533,405 | 100.0 | 470,496 | 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 | ||||||