Understanding the economic role of City of Melbourne 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 Melbourne'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 Melbourne | 2024 | 2019 | 2014 | |||
| Industry | number | % | number | % | number | % |
| Agriculture, forestry and fishing | 723 | 0.1 | 1,173 | 0.2 | 722 | 0.2 |
| Mining | 1,766 | 0.3 | 2,873 | 0.5 | 2,977 | 0.6 |
| Goods related | 113,155 | 17.3 | 113,119 | 19.5 | 89,163 | 19.0 |
| Household services | 156,114 | 23.9 | 135,122 | 23.3 | 113,981 | 24.2 |
| Business services | 308,412 | 47.3 | 266,782 | 46.0 | 214,983 | 45.7 |
| Public administration and safety | 72,071 | 11.0 | 60,722 | 10.5 | 48,670 | 10.3 |
| Total Industries | 652,241 | 100.0 | 579,791 | 100.0 | 470,497 | 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 | ||||||