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 | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 151 | 0.1 | 293 | 0.2 | 118 | 0.1 |
| Mining | 85 | 0.1 | 82 | 0.1 | 159 | 0.1 |
| Goods related | 50,976 | 39.2 | 55,424 | 43.1 | 54,689 | 47.1 |
| Household services | 51,074 | 39.2 | 45,622 | 35.5 | 37,584 | 32.4 |
| Business services | 24,155 | 18.6 | 23,495 | 18.3 | 20,191 | 17.4 |
| Public administration and safety | 3,730 | 2.9 | 3,532 | 2.8 | 3,429 | 3.0 |
| Total Industries | 130,172 | 100.0 | 128,447 | 100.0 | 116,170 | 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 | ||||||