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.
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| Employment composition | ||||||
|---|---|---|---|---|---|---|
| City of Monash | 2020 | 2015 | 2010 | |||
| Industry | number | $ | number | % | number | % |
| Agriculture, forestry and fishing | 259 | 0.2 | 183 | 0.2 | 152 | 0.1 |
| Mining | 136 | 0.1 | 109 | 0.1 | 137 | 0.1 |
| Goods related | 65,328 | 45.2 | 53,743 | 44.3 | 55,281 | 48.7 |
| Household services | 48,008 | 33.2 | 41,641 | 34.3 | 35,162 | 31.0 |
| Business services | 26,784 | 18.5 | 22,060 | 18.2 | 19,674 | 17.3 |
| Public administration and safety | 3,963 | 2.7 | 3,499 | 2.9 | 3,181 | 2.8 |
| Total Industries | 144,478 | 100.0 | 121,235 | 100.0 | 113,588 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions). 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 | ||||||