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 | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 92 | 0.1 | 137 | 0.2 | 92 | 0.2 |
| Mining | 68 | 0.1 | 53 | 0.1 | 35 | 0.1 |
| Goods related | 19,555 | 28.3 | 19,933 | 30.3 | 19,142 | 32.9 |
| Household services | 28,089 | 40.7 | 27,211 | 41.4 | 22,998 | 39.5 |
| Business services | 19,639 | 28.4 | 17,019 | 25.9 | 14,808 | 25.4 |
| Public administration and safety | 1,653 | 2.4 | 1,373 | 2.1 | 1,184 | 2.0 |
| Total Industries | 69,096 | 100.0 | 65,726 | 100.0 | 58,259 | 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 | ||||||