Understanding the economic role of Bayside 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 Bayside 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.
| Employment composition | ||||||
|---|---|---|---|---|---|---|
| Bayside Council area | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 115 | 0.1 | 138 | 0.2 | 66 | 0.1 |
| Mining | 28 | 0.0 | 7 | 0.0 | 9 | 0.0 |
| Goods related | 51,970 | 56.8 | 54,928 | 62.0 | 57,232 | 65.0 |
| Household services | 20,131 | 22.0 | 17,337 | 19.6 | 15,690 | 17.8 |
| Business services | 13,259 | 14.5 | 12,093 | 13.7 | 10,625 | 12.1 |
| Public administration and safety | 5,931 | 6.5 | 4,031 | 4.6 | 4,492 | 5.1 |
| Total Industries | 91,433 | 100.0 | 88,533 | 100.0 | 88,115 | 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 | ||||||