Understanding the economic role of City of Port Phillip 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 City of Port Phillip'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 Port Phillip | 2022 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 207 | 0.2 | 334 | 0.4 | 145 | 0.2 |
Mining | 856 | 1.0 | 507 | 0.6 | 671 | 0.8 |
Goods related | 25,437 | 28.9 | 26,030 | 28.4 | 25,579 | 30.3 |
Household services | 24,228 | 27.6 | 26,122 | 28.5 | 20,594 | 24.4 |
Business services | 34,732 | 39.5 | 36,446 | 39.7 | 34,777 | 41.2 |
Public administration and safety | 2,434 | 2.8 | 2,324 | 2.5 | 2,670 | 3.2 |
Total Industries | 87,894 | 100.0 | 91,762 | 100.0 | 84,437 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2023. ©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 |