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.
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Employment composition | ||||||
---|---|---|---|---|---|---|
City of Port Phillip | 2023 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 183 | 0.2 | 421 | 0.5 | 151 | 0.2 |
Mining | 705 | 0.8 | 507 | 0.6 | 568 | 0.7 |
Goods related | 26,139 | 29.1 | 26,644 | 28.9 | 25,907 | 30.6 |
Household services | 25,192 | 28.1 | 26,262 | 28.5 | 20,611 | 24.3 |
Business services | 35,120 | 39.2 | 35,999 | 39.0 | 34,747 | 41.0 |
Public administration and safety | 2,362 | 2.6 | 2,361 | 2.6 | 2,673 | 3.2 |
Total Industries | 89,701 | 100.0 | 92,194 | 100.0 | 84,656 | 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 |