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.
![loading animation](https://econext-cdn.azureedge.net/eco-assets/images/Bar_Chart_13s_200px.gif)
Employment composition | ||||||
---|---|---|---|---|---|---|
Randwick City | 2023 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 44 | 0.1 | 84 | 0.2 | 63 | 0.1 |
Mining | 68 | 0.1 | 41 | 0.1 | 3 | 0.0 |
Goods related | 14,095 | 24.8 | 12,891 | 24.1 | 12,478 | 24.6 |
Household services | 32,055 | 56.3 | 30,932 | 57.7 | 28,379 | 56.0 |
Business services | 6,941 | 12.2 | 6,039 | 11.3 | 6,014 | 11.9 |
Public administration and safety | 3,704 | 6.5 | 3,575 | 6.7 | 3,704 | 7.3 |
Total Industries | 56,908 | 100.0 | 53,562 | 100.0 | 50,641 | 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 |