National economic indicators series

National Economic Indicators Series
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About this series

The National Economic Indicators Series for local areas is a collaboration between .id and National Economics. Both organisations are dedicated to producing quality information for local government decision makers.

This series was born out of sense of frustration (our own and our local government clients) about the quality of economic information available for local areas.

Reliable primary economic data sets exist only at the national, state and regional level at best. The only way to get a realistic measure of GRP, number of jobs and other economic indicators at the local area level is to undertake economic modelling. The most significant challenge with local area economic modelling is to ensure that the process reflects the unique economic characteristics of the local area. For example, one of the traps is to apply national and state-level productivity propensities at the local level, which we now know are simply not accurate because it assumes that the economic characteristics of all local areas are the same.

NIEIR are recognised as industry leaders in the development and provision of robust economic modelling at the smallest credible geographic unit (Local Government Area).

NIEIR modelling draws on many data sources to offer the most nuanced data possible at the local level. The NIEIR dataset is the result of a process of economic micro-simulation modelling – it is an amalgam of many different existing data sources (between 6 and 10 depending on the region and time period) which are synthesised to produce a series of estimates of the size and value of the local economy.

Importantly, the NIEIR model is updated on an annual basis (with quarterly breakdown for some characteristics). This means the impact of global, national and local economic changes can be clearly seen at the local level.

The National Economic Indicators Series is a set of key indicators drawn from NIEIR modeling and other relevant data sources that are available for every LGA in Australia.

The series will be updated annually, capturing a view of each local economy at a point in time and showing how it contributes to the broader State economy and how it is travelling.

This series is a subset of a much larger repository of economic information that is available through economy.id. Links to the larger dataset are provided where they are available.

About National Economics (NIEIR)

The National Institute of Economic and Industry Research (NIEIR), also known as National Economics, is recognised as the industry leader in the development and provision of robust economic modelling at the smallest credible geographic unit (Local Government Area). For 19 years NIEIR have been producing the annual benchmark State of the Regions Report commissioned by the Australian Local Government Association (ALGA). These reports benchmark regional economies and identifies strategies that strengthen local and regional economic and employment outcomes, laying the framework for future policy direction and emphasizing the role and importance of local government.

Learn more about NIEIR.

About .id, the population experts

.id is a company of population experts - demographers, spatial analysts, urban planners, forecasters, census data and IT experts who build demographic information products for Australia & New Zealand.

We understand how cities, towns and regions are growing and changing. Name a place and we can tell you about its population’s past, present and future!

We use spatial data to tell this story in powerful web applications.

We share this knowledge with our clients so they can make confident decisions about when and where to provide services and invest in infrastructure.

Our clients are organisations who contribute to building our cities and communities. They include local & state government, education providers, housing developers, retailers, health care providers, utilities companies, banks & insurers, sporting clubs and planning consultants.

During our 19 years in business, we have built over 550 websites delivering analytical and spatial decision making information to more than 300 clients Australia-wide and in New Zealand. These sites are publicly available in .id’s demographic resource centre.

Our information products meet the challenge of delivering meaningful information to users with diverse information needs and skill levels – from analysts to the general public – by organising and presenting complex data in an intuitive format. As consumers of spatial data ourselves, we fundamentally understand how users want to consume that data.

We believe that by making demographic information accessible to the broadest possible audience, and promoting evidence-based decision making, we are contributing to a fairer and more sustainable society.

Learn more about .id

About economy.id

For those of you in local government who would like a comprehensive economic profile for your local government area or region, .id have developed economy.id.

While local government has always had a role in the development of local economies, economic development is a relatively new discipline in local government. Local government economic development officers and strategic planners need clarity and confidence to make informed decisions. .id is keen to contribute what we can to making more informed decisions in this important field.

We have developed a detailed online economic profile for a local economy or region. economy.id is available to local governments and economic development organisations on a subscription basis and provides a robust evidence base, enabling council officers to spend their time on the policy work, decision making and strategic planning.

Learn more about economy.id

Accessibility

.id is committed to making its websites accessible to the widest possible audience, and actively working to increase the accessibility and usability of our websites.

.id aims to achieve the WCAG 2.0 Level A, Level AA and Level AAA standard of the World Wide Web Consortium (W3C) Web Content Accessibility Guidelines 2.0.

These guidelines explain how to make web content more accessible for people with disabilities. Comformance with these guidelines will help make the web more user friendly for all people.

Most information available on our websites is also available in PDF (Portable Document Format), Microsoft Office Word and Excel formats. Visit the Adobe website to download the free Adobe Reader and if you don't have a copy of Microsoft Office Word or Excel, free viewers of these document types can be downloaded from the Microsoft website. You may need to ask your IT department or internet service provider for assistance with this.

Whilst .id strive to meet accepted guidelines and standards for accessibility and usability, we continually seek out solutions that will bring all areas of our websites up to the same level of overall web accessibility. In the meantime, if you require any information from this website in an alternative format, or having any issues accessing the content, please email us at info@id.com.au.