Understanding the economic role of North Sydney Council 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 North Sydney Council area'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 | ||||||
|---|---|---|---|---|---|---|
| North Sydney Council area | 2021 | 2016 | 2011 | |||
| Industry | number | $ | number | % | number | % |
| Agriculture, forestry and fishing | 85 | 0.1 | 136 | 0.2 | 111 | 0.1 |
| Mining | 368 | 0.3 | 531 | 0.6 | 410 | 0.5 |
| Goods related | 18,082 | 15.7 | 16,907 | 19.3 | 16,000 | 19.1 |
| Household services | 22,127 | 19.2 | 18,711 | 21.4 | 16,397 | 19.6 |
| Business services | 69,941 | 60.6 | 47,744 | 54.5 | 47,477 | 56.6 |
| Public administration and safety | 4,723 | 4.1 | 3,513 | 4.0 | 3,447 | 4.1 |
| Total Industries | 115,325 | 100.0 | 87,541 | 100.0 | 83,842 | 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 2018-19 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 | ||||||