Understanding the economic role of City of Vincent 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 Vincent'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 Vincent | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 41 | 0.1 | 40 | 0.2 | 2 | 0.0 |
| Mining | 292 | 1.0 | 198 | 0.8 | 268 | 1.1 |
| Goods related | 8,622 | 30.6 | 6,887 | 27.4 | 7,931 | 32.6 |
| Household services | 11,232 | 39.9 | 9,752 | 38.7 | 7,884 | 32.4 |
| Business services | 6,753 | 24.0 | 6,675 | 26.5 | 6,438 | 26.4 |
| Public administration and safety | 1,210 | 4.3 | 1,626 | 6.5 | 1,842 | 7.6 |
| Total Industries | 28,150 | 100.0 | 25,178 | 100.0 | 24,365 | 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 | ||||||