In 2019, the Goods related sector accounted for 44.4% of employment in City of Monash. The importance of this sector has declined over the last 10 years (49.8% in 2009)
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 | 2019 | 2014 | 2009 | |||
| Industry | $ | number | number | % | number | % |
| Agriculture, forestry and fishing | 242 | 0.2 | 178 | 0.2 | 158 | 0.1 |
| Mining | 82 | 0.1 | 163 | 0.1 | 95 | 0.1 |
| Goods related | 64,519 | 44.4 | 53,087 | 45.0 | 56,072 | 49.8 |
| Household services | 47,988 | 33.0 | 40,036 | 33.9 | 33,958 | 30.2 |
| Business services | 28,390 | 19.5 | 21,077 | 17.9 | 19,259 | 17.1 |
| Public administration and safety | 4,107 | 2.8 | 3,433 | 2.9 | 3,002 | 2.7 |
| Total Industries | 145,328 | 100.0 | 117,974 | 100.0 | 112,544 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id the population experts. 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 | ||||||