Northern Tasmania Region

economic profile

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City of Launceston

Industry composition

In 2020, the Household services sector accounted for 43.1% of employment in City of Launceston. The importance of this sector has increased over the last 10 years (36.4% in 2009)

Understanding the economic role of Northern Tasmania Region 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 Launceston'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 Launceston202020152010
Industry$numbernumber%. number%.
Agriculture, forestry and fishing5781.46031.56301.5
Mining850.21330.3920.2
Goods related14,01834.614,51936.016,10339.5
Household services17,49543.116,53641.014,87436.4
Business services5,91414.65,97914.86,27715.4
Public administration and safety2,4706.12,5366.32,8316.9
Total Industries40,561100.040,305100.040,806100.0

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

Northern Tasmania Region

economic profile