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 | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 129 | 0.2 | 97 | 0.1 | 56 | 0.1 |
| Mining | 149 | 0.2 | 266 | 0.4 | 293 | 0.5 |
| Goods related | 19,204 | 26.7 | 20,863 | 29.5 | 22,225 | 34.9 |
| Household services | 27,597 | 38.4 | 23,635 | 33.4 | 18,602 | 29.2 |
| Business services | 21,233 | 29.5 | 23,145 | 32.7 | 20,540 | 32.3 |
| Public administration and safety | 3,612 | 5.0 | 2,698 | 3.8 | 1,954 | 3.1 |
| Total Industries | 71,925 | 100.0 | 70,704 | 100.0 | 63,669 | 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 | ||||||