In 2019, the Household services sector accounted for 39.8% of employment in City of Stonnington. The importance of this sector has increased over the last 10 years (38.1% in 2009)
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 | 2019 | 2014 | 2009 | |||
| Industry | $ | number | number | % | number | % |
| Agriculture, forestry and fishing | 91 | 0.1 | 142 | 0.2 | 131 | 0.2 |
| Mining | 26 | 0.0 | 49 | 0.1 | 66 | 0.1 |
| Goods related | 22,952 | 32.6 | 18,606 | 31.3 | 19,670 | 34.9 |
| Household services | 28,013 | 39.8 | 24,134 | 40.7 | 21,467 | 38.1 |
| Business services | 17,908 | 25.4 | 15,176 | 25.6 | 13,913 | 24.7 |
| Public administration and safety | 1,466 | 2.1 | 1,250 | 2.1 | 1,130 | 2.0 |
| Total Industries | 70,456 | 100.0 | 59,357 | 100.0 | 56,377 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id the population experts. Data are based on a 2016-17 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 | ||||||