2015-11-10 - P&O Agenda - Item 18, Attach 1&2 - Draft Noosa Shire Local Economic Plan

                                                                (2014-21019 is plotted along the horizontal axis, with ‘zero’ per cent’ growth over the five years
                                                                creating a midline. The further to the right of this central horizontal axis, the faster the industry is
                                                                forecast to expand. Similarly, the further to the left, the faster it is forecast to contract. The size of
                                                                the cluster (bubble) within the map represents the size of the local workforce in the industry sector.
                                                                The cluster maps identify the national industry sectors where the Noosa Shire has a relative
                                                                competitive advantage (upper section). These are natural targets for economic and industrial
                                                                development. The maps also shows industry employment sectors that are growing at the nations
                                                                level but not currently strongly represented in the region (lower right quadrant). It further shows
                                                                employment sectors that are forecast to contract nation-wide, identifying those sectors likely to be
                                                                shedding jobs across Australia (left side of the graph).
                                                                Well represented, high growth industry sectors for Noosa Shire include:
                                                                            Rental, hiring and real estate services (LQ 2.2)
                                                                            Accommodation and food services (LQ 2.1)
                                                                            Retail trade (LQ 1.5).
                                                                Future high growth sectors relevant to Noosa Shire are:
                                                                            Professional, Scientific and Technical Services (LQ 1.0)
                                                                            Financial and insurance services (LQ 0.6)
                                                                            Healthcare and social assistance (LQ 1.1)
                                                                            Education & Training (LQ 1.1).
                                                                            Cluster Map (ANZSIC 1 Digit)
                                                         3.0
                                                                Well-represented/Low Growth                                                                                                                           Well-represented/High Growth
                                                                                                                              = 600 employees
Cluster Concentration 2011 (Comparison with Australia)




                                                         2.5


                                                                                                                         Accommodation                              Rental, hiring and
                                                                                                                         and food services                         real estate services
                                                         2.0

                                                                                                                   Retail Trade


                                                         1.5
                                                                                                                                                             Administrative and
                                                                                                                                                              support services
                                                                                                                                             Personal Services                                         Health Care and Social Assistance
                                                                                             Arts and recreation
                                                                                                   services         Construction                                                  Education and Training
                                                         1.0
                                                                                                                                                       Professional, Scientific
                                                                                         Information Media and                                         and Technical Services
                                                                                          Telecommunications
                                                                    Manufacturing                                                                                  Financial and Insurance
                                                                                                           Wholesale Trade                                                 Services
                                                         0.5
                                                                                                                Transport, Postal and                         Electricity, Gas, Water
                                                                                                                    Warehousing                                and Waste Services
                                                                                    Agriculture, Forestry and Fishing               Public Administration
                                                                                                                                                                       Mining
                                                                                                                                         and Safety
                                                               Under-represented/Low Growth                                                                                                                       Under-represented/High Growth
                                                         0.0
                                                          -10.0%                          -4.0%                            2.0%                             8.0%                             14.0%                         20.0%

                                                                                                                                  % Industry Employment Growth 2013-14 to 2018-19


                 Source: ABS (2011), IbisWorld (2015)




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