Understanding the economic role of City of Stonnington 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 the City of Stonnington'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 | ||||||
|---|---|---|---|---|---|---|
| City of Stonnington | 2021 | 2016 | 2011 | |||
| Industry | number | $ | number | % | number | % |
| Agriculture, forestry and fishing | 78 | 0.1 | 99 | 0.2 | 86 | 0.1 |
| Mining | 25 | 0.0 | 53 | 0.1 | 29 | 0.0 |
| Goods related | 21,145 | 30.8 | 19,395 | 30.5 | 19,336 | 33.6 |
| Household services | 29,239 | 42.6 | 26,126 | 41.1 | 22,572 | 39.2 |
| Business services | 16,770 | 24.4 | 16,501 | 26.0 | 14,383 | 25.0 |
| Public administration and safety | 1,360 | 2.0 | 1,364 | 2.1 | 1,172 | 2.0 |
| Total Industries | 68,617 | 100.0 | 63,538 | 100.0 | 57,578 | 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 | ||||||