Understanding the economic role of City of Belmont 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 Belmont'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 Belmont | 2024 | 2019 | 2014 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 154 | 0.2 | 98 | 0.2 | 47 | 0.1 |
| Mining | 9,462 | 15.1 | 4,788 | 8.9 | 3,161 | 6.6 |
| Goods related | 31,100 | 49.6 | 30,467 | 56.7 | 28,993 | 60.7 |
| Household services | 11,610 | 18.5 | 9,348 | 17.4 | 7,608 | 15.9 |
| Business services | 8,017 | 12.8 | 6,635 | 12.3 | 5,782 | 12.1 |
| Public administration and safety | 2,341 | 3.7 | 2,438 | 4.5 | 2,155 | 4.5 |
| Total Industries | 62,684 | 100.0 | 53,774 | 100.0 | 47,746 | 100.0 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2025. 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 | ||||||