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Economic Snapshot Business / Jobs / Industry
December 2015
2 Economic Snapshot – December 2015
Source – Australian Business Register October 2015
Introduction This is a snapshot of business registrations along with the types of business and industry operating within the City of Armadale. It presents data on Armadale’s local economy, its relationship to the regional economy and an outline of the business and employment trends in the region.
Source: National Institute of Economic and Industry Research (NIEIR) ©2015
Key Economic Indicators City of Armadale
Gross Regional Product (GRP) $2.49m (June 2014) - representing 1% of total WA Gross State Product.
Number of Employed Residents 38,492 (2013/14) – representing 2.87% of total WA employed residents
Number of People Employed in the City of Armadale
19,697 (2013/14) – representing 1.4% of total WA jobs
Number of Registered Businesses
14,031 (Australian Business Register, October 2015)
Industry Largest by Employment (2013/14): Health Care & Social Assistance (15.8%) Largest by Value Added (2013/14): Construction ($756 million) Largest by Output (2013/14): Construction ($2,436 million)
Population Forecast Population 82,267 (2015) Projected Population 144,827 (2036)
Unemployment 9.54% (June 2015) – Western Australia: 5.8%
3 Economic Snapshot – December 2015
Source – Australian Business Register October 2015
Gross Regional Product Gross Regional Product (GRP) is a measure of wealth generated by the local economy including businesses, individuals and organisations working in the area. Substantial economic growth has occurred in the City of Armadale. The region’s GRP has increased by 50% over the last five years, with a 9% growth in the last year (2013/14). The City of Armadale’s GRP has consistently been increasing at a higher rate than the rest of Western Australia, further highlighting the region as a prime business and investment district. Industries including Construction, Retail Trade and Health Care and Social Assistance have been leading the growth.
City of Armadale’s Gross Regional Product was $2.49m as of June 2014.
4 Economic Snapshot – December 2015
Source – Australian Business Register October 2015
Employment The Armadale City Centre is one of eight designated Strategic Metropolitan Centres and the primary centre for the Southeast Metropolitan region. The City of Armadale is experiencing rapid population growth. Businesses are locating within the Armadale region to take advantage of the unprecedented growth and commercial opportunities this brings. In 2013/14 the three largest industries by employment were:
Health Care and Social Assistance (15.8%) Retail Trade (15.7%) Education and Training (12.6%)
These three industries accounted for 44.1% of the local workforce.
5 Economic Snapshot – December 2015
Source – Australian Business Register October 2015
Employment Trends
The number of people in the workforce in the City of Armadale increased by 4,205 in the last five years (2008/09 to 2013/14).
The largest changes in the jobs held by the workforce were for those employed in:
Retail Trade (+833 persons) Education and Training (+501 persons) Accommodation and Food Services (+484 persons) Health Care and Social Assistance (+361 persons)
Health Care and Social Assistance is the largest employer, generating 3,110 local jobs in 2013/14.
6 Economic Snapshot – December 2015
Source – Australian Business Register October 2015
Dominant Industry Groups – Top Three Employment (total) by industry 19,697 jobs
Health Care and Social Assistance 15.8%
Retail Trade 15.7%
Education and Training 12.6%
Value Add $2,056.8m
Construction $755.9m
Health Care and Social Assistance $235.3m
Retail Trade $156.7m
Output $5,398.9m
Construction $2,435.7m
Manufacturing $536.8m
Rental, Hiring and Real Estate Services $384.6m
Exports $587.7m
Manufacturing $276.2m
Agriculture, Forestry and Fishing $102.6m
Retail Trade $73.7m
Imports $2,932.3m
Manufacturing $897m
Public Administration and Safety $243.1m
Transport, Postal and Warehousing $235.7m
Local Sales $4,811.2m
Construction $2,435.7m
Health Care and Social Assistance $226.3m
Rental, Hiring and Real Estate Services $335.5m
Worker Productivity $104,421
Construction $337,286
Mining $259,506
Electricity, Gas, Water and Waste Services $240,358
Businesses (total 3950
Construction 1,014
Transport, Postal and Warehousing 436
Professional, Scientific and Technical Services 382
Employees (FTE) 14,604
Health Care and Social Assistance 2,182
Construction 1,967
Retail Trade 1,922 Source: National Institute of Economic and Industry Research (NIEIR) ©2015
7 Economic Snapshot – December 2015
Source – Australian Business Register October 2015
ABNs Registered by Industry Subdivision (Top two per suburb)
Locality Count Sub Division
Armadale 449 Construction Services
147 Building Cleaning, Pest Control and Other Support Services
Bedfordale 158 Construction Services
90 Professional, Scientific and Technical Services (Except Computer
System Design and Related Services)
Brookdale 88 Construction Services
30 Building Cleaning, Pest Control and Other Support Services
Camillo 147 Construction Services
49 Building Cleaning, Pest Control and Other Support Services
Champion Lakes 36 Construction Services
21 Insurance and Superannuation Funds
Forrestdale 81 Construction Services
30 Insurance and Superannuation Funds
Harrisdale 170 Construction Services
117 Professional, Scientific and Technical Services (Except Computer System Design and Related Services)
Haynes 13 Construction Services
5 Fabricated Metal Product Manufacturing
Hilbert 36 Construction Services
10 Professional, Scientific and Technical Services (Except Computer
System Design and Related Services)
Karragullen 45 Agriculture
29 Construction Services
Kelmscott 443 Construction Services
189 Property Operators and Real Estate Services
Mount Nasura 147 Construction Services
70 Insurance and Superannuation Funds
Mount Richon 82 Construction Services
38 Insurance and Superannuation Funds
Piara Waters 153 Construction Services
117 Professional, Scientific and Technical Services (Except Computer
System Design and Related Services)
Roleystone 303 Construction Services
210 Professional, Scientific and Technical Services (Except Computer
System Design and Related Services)
Seville Grove 327 Construction Services
93 Personal and Other Services
Wungong 21 Construction Services
19 Insurance and Superannuation Funds
8 Economic Snapshot – December 2015
Source – Australian Business Register October 2015
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