Understanding the economic role of Town of Victoria Park 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 Town of Victoria Park'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 | ||||||
|---|---|---|---|---|---|---|
| Town of Victoria Park | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 4 | 0.0 | 21 | 0.1 | 16 | 0.0 |
| Mining | 534 | 1.5 | 443 | 1.3 | 424 | 1.3 |
| Goods related | 8,357 | 23.7 | 9,663 | 28.1 | 8,954 | 28.5 |
| Household services | 19,750 | 56.0 | 17,909 | 52.2 | 15,565 | 49.6 |
| Business services | 5,470 | 15.5 | 5,231 | 15.2 | 5,368 | 17.1 |
| Public administration and safety | 1,161 | 3.3 | 1,072 | 3.1 | 1,086 | 3.5 |
| Total Industries | 35,276 | 100.0 | 34,338 | 100.0 | 31,413 | 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 | ||||||