With a population of nearly 29,000, the Shire’s economy is dominated by tourism, reflecting the iconic status of Byron Bay and its surrounds.
Byron Bay is clearly the centre of economic activity by virtue of its tourism allure, accounting for over 50% of the Shire’s $1.37 billion gross business revenue. The balance is evenly distributed among the Shire’s other major towns.
Note: 2480 post code is excluded because only small area touches Byron Shire while 2479 and 2483 are discounted to accounted for portions outside shire. Source: analysis based on ABS/ATO data
Agriculture and related value-adding as well as a broad area of activity combined under the banner of creative industries represent areas of economic activity that are earmarked for local support.
Retail and home-based businesses also are important sectors in addition to construction and public services, particularly in health.
The business landscape is dominated by sole traders which account for nearly two-thirds of the local business community. Less than 4% of businesses employ 20 or more persons. A statistical profile of businesses in the shire is available.