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 | 2020 | 2015 | 2010 | |||
| Industry | $ | number | number | % | number | % |
| Agriculture, forestry and fishing | 104 | 0.2 | 94 | 0.2 | 122 | 0.2 |
| Mining | 30 | 0.0 | 37 | 0.1 | 48 | 0.1 |
| Goods related | 19,934 | 29.3 | 18,865 | 30.9 | 19,102 | 33.8 |
| Household services | 27,552 | 40.5 | 24,958 | 40.9 | 21,997 | 38.9 |
| Business services | 18,918 | 27.8 | 15,819 | 25.9 | 14,135 | 25.0 |
| Public administration and safety | 1,493 | 2.2 | 1,305 | 2.1 | 1,153 | 2.0 |
| Total Industries | 68,030 | 100.0 | 61,079 | 100.0 | 56,557 | 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 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 | ||||||