Understanding the economic role of City of Sydney 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 Sydney'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 Sydney | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 611 | 0.1 | 736 | 0.1 | 242 | 0.0 |
| Mining | 2,796 | 0.4 | 2,634 | 0.4 | 1,888 | 0.4 |
| Goods related | 99,595 | 14.9 | 104,471 | 17.3 | 96,942 | 18.7 |
| Household services | 125,648 | 18.9 | 136,162 | 22.5 | 114,085 | 22.0 |
| Business services | 387,878 | 58.2 | 317,820 | 52.5 | 264,624 | 51.0 |
| Public administration and safety | 49,961 | 7.5 | 43,389 | 7.2 | 41,074 | 7.9 |
| Total Industries | 666,490 | 100.0 | 605,211 | 100.0 | 518,855 | 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 | ||||||