Understanding the economic role of RDA Tropical North 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 Hope Vale (S)'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.
Current area:
| Employment composition | ||||||
|---|---|---|---|---|---|---|
| Hope Vale (S) | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 5 | 2.7 | 0 | 0.1 | 0 | 0 |
| Mining | 69 | 34.0 | 69 | 22.7 | 86 | 19.6 |
| Goods related | 11 | 5.5 | 16 | 5.2 | 28 | 6.4 |
| Household services | 64 | 31.5 | 111 | 36.6 | 123 | 28.2 |
| Business services | 6 | 2.8 | 14 | 4.7 | 12 | 2.8 |
| Public administration and safety | 48 | 23.5 | 93 | 30.7 | 188 | 43.0 |
| Total Industries | 203 | 100.0 | 304 | 100.0 | 437 | 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 | ||||||