Understanding the economic role of Richmond Valley 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 Richmond Valley Council'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 | ||||||
|---|---|---|---|---|---|---|
| Richmond Valley Council | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 733 | 8.5 | 688 | 8.9 | 685 | 9.0 |
| Mining | 60 | 0.7 | 38 | 0.5 | 68 | 0.9 |
| Goods related | 3,526 | 40.7 | 3,259 | 41.9 | 3,371 | 44.1 |
| Household services | 3,209 | 37.0 | 2,715 | 34.9 | 2,574 | 33.7 |
| Business services | 741 | 8.6 | 702 | 9.0 | 639 | 8.4 |
| Public administration and safety | 394 | 4.5 | 370 | 4.8 | 310 | 4.1 |
| Total Industries | 8,663 | 100.0 | 7,773 | 100.0 | 7,647 | 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 | ||||||