Understanding the economic role of Randwick City 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 Randwick City'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 | ||||||
|---|---|---|---|---|---|---|
| Randwick City | 2021 | 2016 | 2011 | |||
| Industry | number | $ | number | % | number | % |
| Agriculture, forestry and fishing | 102 | 0.2 | 78 | 0.1 | 59 | 0.1 |
| Mining | 51 | 0.1 | 26 | 0.0 | 2 | 0.0 |
| Goods related | 13,236 | 22.2 | 12,417 | 23.1 | 12,324 | 25.0 |
| Household services | 36,078 | 60.5 | 31,544 | 58.7 | 27,429 | 55.5 |
| Business services | 6,076 | 10.2 | 5,901 | 11.0 | 5,931 | 12.0 |
| Public administration and safety | 4,120 | 6.9 | 3,764 | 7.0 | 3,648 | 7.4 |
| Total Industries | 59,663 | 100.0 | 53,730 | 100.0 | 49,393 | 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 | ||||||