Understanding the economic role of City of Monash 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 Monash'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 Monash | 2022 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 203 | 0.2 | 229 | 0.2 | 126 | 0.1 |
| Mining | 80 | 0.1 | 88 | 0.1 | 197 | 0.2 |
| Goods related | 50,861 | 39.8 | 55,094 | 43.1 | 54,314 | 46.9 |
| Household services | 49,389 | 38.6 | 45,530 | 35.6 | 37,577 | 32.5 |
| Business services | 23,459 | 18.4 | 23,509 | 18.4 | 20,116 | 17.4 |
| Public administration and safety | 3,837 | 3.0 | 3,490 | 2.7 | 3,430 | 3.0 |
| Total Industries | 127,828 | 100.0 | 127,939 | 100.0 | 115,760 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2022. ©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 | ||||||