Last Friday, October 11th, the .id economics team released the latest update to the building approvals data. With this update, users can monitor the latest economic trends in their Local Government Area (LGA). This...
In the lead up to the release of 2018/19 NIEIR Data on economy.id, Rob Hall looks at the implications of the current economic environment and recent Reserve Bank decisions for local and regional economies. If you’re...
Housing affordability is typically considered a social issue and is given limited attention in many economic development strategies. Research by .id shows that if housing is no longer affordable for lower income workers or...
The 2015-16 Federal Budget has now been handed down. Budget Paper 1 provides a treasure trove of economic analysis and forecasts of the Australian economy. Let’s synthesize the main points of interest for local...
GDP has grown steadily over decades, despite some economic shocks, and wages, employment and productivity have generally performed well. In the decade leading up to 2013 the size of the economy has grown at...
.id is pleased to announce an update to the datasets in economy.id. The spatial economy dataset now includes an enhanced imputed dataset using a methodology used by the Bureau of Transport Statistics, New South...
Australia once boasted a flourishing motor vehicle industry. Over the years, in vast assembly plants across the country, countless thousands of Australians were employed building cars for Ford, Holden, Chrysler, Mitsubishi, Toyota, Nissan, Renault,...
Location Quotient (LQ) is a term that we hear a lot when working in the area of economic development so we thought it would be useful to explain exactly what it is and how...
A major political furore is happening at the moment over the Federal Government’s refusal to bail out SPC-Ardmona to the tune of $25 million to keep it operating. The government is saying no more...
.id is pleased to announce that the City of Perth has just joined the economy.id community. One of the nation’s largest economies, the City of Perth sits at the epicentre of the mining and...
Guest blog by Dr Peter Brain, Executive Director of National Economics. (National Institute of Economic and Industry Research) National Economics is the organisation that provides the modelled economic data for the council-level economy.id online...
I recently met with a group of local government clients in NSW and we were discussing how to measure the success of their economic development activity by tracking change in the number of local...
A comprehensive and wide-ranging update is underway for economy.id – and the first stages are now being made available to all profile.id clients to trial for the next twelve months.
.id, in conjunction with NIEIR (National Economics), have released a key set of economic indicators for every Local Government Area (LGA) in Australia. The indicators provide a snapshot of each local economy, showing how...
The economic data modelling in economy.id, done by National Economics, is a sophisticated micro-simulation model of your local economy, and is updated every year. We have just loaded a new dataset, complete to the...
To develop successful Economic Development strategies, you need to know about your local economy. You need to know its strengths, and weaknesses. You need to know where it fits in the overall competitive framework...
Parramatta was Australia’s first inland European settlement, and is often referred to as Sydney’s second CBD. While you could also make this claim for a few other areas in Sydney, the data shows that...
The Western Riverina region, centred on Griffith, in south-west NSW, previously subscribed to economy.id, enabling them to track the progress of their local economy over time, and understand the characteristics of the workers in...
In a recent blog we looked at employment self-containment, which is a measure that looks at the proportion of residents who work locally. Self-sufficiency is the opposite side of the coin. It looks at...
