Understanding the economic role of City of Newcastle 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 Newcastle'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 Newcastle | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 722 | 0.5 | 742 | 0.7 | 291 | 0.3 |
| Mining | 1,428 | 1.0 | 1,633 | 1.4 | 1,060 | 1.0 |
| Goods related | 46,857 | 32.9 | 38,728 | 34.0 | 40,848 | 37.8 |
| Household services | 60,509 | 42.5 | 46,382 | 40.7 | 40,203 | 37.2 |
| Business services | 25,099 | 17.6 | 19,833 | 17.4 | 19,181 | 17.8 |
| Public administration and safety | 7,704 | 5.4 | 6,669 | 5.9 | 6,471 | 6.0 |
| Total Industries | 142,317 | 100.0 | 113,986 | 100.0 | 108,054 | 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 | ||||||