2015-08-18 Planning and Organisation Committee Attachment 1 to Item 8 AEC Noosa Economic Profile Final Report

Noosa Economic Profile
Final


          Figure KPS.6: Industry Contribution to the Economy, 2012-13

                                               Construction

                         Health care and social assistance

                                                Retail trade

                          Financial and insurance services

                       Accommodation and food services

                                    Education and training

                    Rental, hiring and real estate services

             Professional, scientific and technical services

                                             Manufacturing

                      Administrative and support services

                                           Wholesale trade

                Electricity, gas, water and waste services

                          Public administration and safety

                       Transport, postal and warehousing
                                                                                                           Queensland
                                             Other services
                                                                                                           South East
              Information media and telecommunications
                                                                                                           Queensland
                              Arts and recreation services                                                 Noosa LGA

                          Agriculture, forestry and fishing

                                                     Mining

                                                           0.0%   2.0%   4.0%       6.0%   8.0%   10.0%   12.0%         14.0%

                                                                         % of IVA


          Note: Figures represent Industry Value Added.
          Source: AEC


               o      Given Noosa’s economic structure and underlying drivers, it is not
                      surprising the fastest growing sectors of the economy are health care,
                      retail and construction. Between 2001 and 2011, these three sectors alone were
                      responsible for over half of the overall employment increase during this time.

           Economic Change and Growth
           The economy is influenced by a multitude of factors. All of these factors are driving
           structural and cyclical changes to the economy. The structural changes are likely to
           continue, which will mean that many of the changes witnessed over the last decade are
           likely to continue. Employment growth in health care, retail, education and other services
           is likely to continue, while decreases in industrial activities are also likely to continue. At
           the same time, the change in the value added contribution of these sectors is also likely
           to continue to change, which would see finance and professional business services
           continue to grow, as well as traditional sectors like industry, agriculture and mining.
           The important task is to identify the relevant industry trends locally, regionally,
           nationally and globally and to identify their potential future impact on Noosa.




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