CCBR Business Review

Economic Pro le GrossRegional Product Headline Gross Regional Product (GRP) is a measure of size or net wealth generated by the local economy. Over the ten years from 2008 to 2018 the Central Coast’s Headline GRP increased by 16.9%. Year GRP $m 2019 14,330 2015 12,085 2010 11,755 2005 11,556 2001 11,136 Source: economy.id and National Institute of Economic and Industry Research (NIEIR) Employment The total number of people employed in the Central Coast Council area in 2017/18 was 126,459. This compares with 112,105 in 2012/13 indicating that jobs growth in the region of 12.8 over the five year period 14,354 The major employing sectors were: Health Care and Social Assistance 25,001 Retail Trade 15,796 Construction 12,958 Accommodation and Food Services 11,150 Population and other demographic data Central Coast – Employment by industry (Total) 2017/18 2012/13 Agriculture, Forestry and Fishing 1,224 1,056 Mining 904 712 Manufacturing 8,557 9,139 Electricity, Gas, Water & Waste 1,379 1,349 Construction 12,958 8,461 Wholesale Trade 2,555 2,877 Retail Trade 15,796 16,158 Accommodation & Food Services 11,150 10,597 Transport, Postal & Warehousing 3,623 3,565 Information Media & Telecommunications 2,269 1,523 Financial & Insurance Services 2,631 2,220 Rental, Hiring & Real Estate 2,219 2,099 Professional, Scientific & Technical Services 6,072 5,272 Administrative & Support Services 5,040 4,273 Public Administration & Safety 6,632 6,204 Education & Training 10,309 9,778 Health Care & Social Assistance 25,001 10,592 Arts & Recreation Services 2,120 1,804 Other Services 6,019 5,426 Total 126,459 112,105 Source: NIEIR and .id the population experts The Central Coast Ultimate Guide to Business 2020 36