Understanding the economic role of City of Launceston 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 Launceston'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 Launceston | 2024 | 2019 | 2014 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 668 | 1.4 | 696 | 1.6 | 474 | 1.2 |
| Mining | 253 | 0.5 | 298 | 0.7 | 232 | 0.6 |
| Goods related | 15,928 | 33.0 | 14,345 | 33.8 | 15,508 | 38.2 |
| Household services | 21,515 | 44.5 | 18,653 | 43.9 | 15,435 | 38.0 |
| Business services | 7,364 | 15.2 | 6,252 | 14.7 | 6,140 | 15.1 |
| Public administration and safety | 2,604 | 5.4 | 2,244 | 5.3 | 2,845 | 7.0 |
| Total Industries | 48,332 | 100.0 | 42,488 | 100.0 | 40,633 | 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 | ||||||