Adelaide Economy Snapshot Reflects Steady Indicators from Recent Records

The City of Adelaide posted a gross regional product of $23.95 billion in 2023 after a 5.7 per cent rise on the prior year.

That figure sits alongside a local population of 27,901 and 169,940 jobs recorded the same year. The central business district accounts for 18 per cent of South Australia’s total economy and hosts 12,558 businesses, of which 62 per cent are microbusinesses. These numbers remain the most recent detailed benchmarks available for the local area.

Industry mix and job base

Health Care and Social Assistance stands as the largest employer inside the City of Adelaide boundaries. Education and Training leads in the wider Adelaide Hills region. The pattern places public services and training providers at the centre of local employment counts rather than manufacturing or retail alone.

Twelve thousand five hundred and fifty-eight businesses operate inside the city limits, the majority of them small operations. This distribution keeps the economy anchored to a wide base of microbusinesses that supply services to residents and institutions.

Visitor spending records

In the first quarter of 2024, March hotel revenue reached $43 million, described at the time as a record. Business events during the same quarter delivered $45 million in economic stimulus. These visitor-economy results supplied the most recent monthly and quarterly dollar amounts on file.

Further updates on gross regional product, job counts or hotel takings have not appeared in the verified local data sets since those releases. Readers seeking the next round of numbers can check the City of Adelaide website or economy.id.com.au for any new quarterly releases.