Understanding the economic role of State Growth Tasmania 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 King Island Council area'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.
Current area:
Employment composition | ||||||
---|---|---|---|---|---|---|
King Island Council area | 2023 | 2017 | 2012 | |||
Industry | number | % | number | % | number | % |
Agriculture, forestry and fishing | 230 | 25.1 | 250 | 28.1 | 253 | 28.3 |
Mining | 80 | 8.7 | 12 | 1.4 | 0 | 0.0 |
Goods related | 300 | 32.6 | 321 | 36.1 | 354 | 39.5 |
Household services | 222 | 24.2 | 220 | 24.7 | 170 | 19.0 |
Business services | 34 | 3.7 | 40 | 4.5 | 48 | 5.4 |
Public administration and safety | 53 | 5.8 | 47 | 5.2 | 70 | 7.8 |
Total Industries | 919 | 100.0 | 892 | 100.0 | 895 | 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 |