Adelaide Economy Snapshot Draws on Recent Data for Jobs and Retail

The City of Adelaide recorded a Gross Regional Product of $23.95 billion in 2022/23, equal to 18 percent of South Australia's total economy.

These numbers come from tracked regional accounts and remain the most recent comprehensive measure available for the local area. They provide a baseline for understanding the city's contribution to state output at a time when employment data and retail indicators continue to be monitored.

Employment Levels and Population

Local employment in the City of Adelaide stands at approximately 169,940 jobs, while the resident population was recorded at 27,901 as of 2023. The unemployment rate remained around 4.0 percent in 2024, with employment growth slowing to 1.2 percent after a 4.0 percent increase in 2023. These indicators appear in data compiled by economy.id and the City of Adelaide.

The figures show steady participation in the workforce even as annual growth rates eased from the prior year. Population and job counts are drawn directly from the same local government area profiles used for planning and service delivery.

Sector Breakdown and Retail Indicators

Education and Training is the largest employing sector in the broader Adelaide region, while health care and social assistance ranks as the largest employer across South Australia overall. These rankings come from gross product and employment tables maintained by economy.id.

Rundle Mall recorded the nation's lowest strip retail vacancy rate at 4.1 percent in the first half of 2022. The low vacancy level is cited in economic profiles prepared by the Adelaide Hills Council as evidence of sustained retail activity within the city centre.

Combined, the output, employment and vacancy data give a consistent picture of activity levels across major local measures. Updates to these series are published on the same public portals that supplied the verified figures.

Further releases from the City of Adelaide and economy.id will allow ongoing comparison against the 2022/23 to 2024 benchmarks already recorded.