Understanding the economic role of City of Bayswater 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 Bayswater'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 Bayswater | 2023 | 2017 | 2012 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 53 | 0.2 | 61 | 0.3 | 54 | 0.2 |
| Mining | 459 | 1.8 | 190 | 0.8 | 126 | 0.4 |
| Goods related | 10,132 | 40.2 | 10,193 | 42.1 | 13,635 | 48.5 |
| Household services | 10,670 | 42.3 | 9,452 | 39.1 | 9,358 | 33.3 |
| Business services | 2,855 | 11.3 | 3,238 | 13.4 | 3,720 | 13.2 |
| Public administration and safety | 1,056 | 4.2 | 1,061 | 4.4 | 1,192 | 4.2 |
| Total Industries | 25,224 | 100.0 | 24,194 | 100.0 | 28,086 | 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 | ||||||