Understanding the economic role of Willoughby City Council 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 Willoughby City'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 | ||||||
|---|---|---|---|---|---|---|
| Willoughby City | 2021 | 2016 | 2011 | |||
| Industry | number | $ | number | % | number | % |
| Agriculture, forestry and fishing | 42 | 0.1 | 76 | 0.1 | 61 | 0.1 |
| Mining | 251 | 0.3 | 265 | 0.4 | 254 | 0.4 |
| Goods related | 22,980 | 29.2 | 22,192 | 31.2 | 22,796 | 35.5 |
| Household services | 24,302 | 30.9 | 23,465 | 32.9 | 18,189 | 28.3 |
| Business services | 27,490 | 35.0 | 22,568 | 31.7 | 20,978 | 32.6 |
| Public administration and safety | 3,564 | 4.5 | 2,675 | 3.8 | 1,979 | 3.1 |
| Total Industries | 78,629 | 100.0 | 71,242 | 100.0 | 64,257 | 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 2018-19 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 | ||||||