Understanding Gross Domestic Product (GDP) and occupation trend forecasts at an industry level means that we can target investment in vocational education and training to meet the needs of our food and fibre industries.
This project will deliver statistical GDP and occupation three-year forecasts. This project is being lead by the Shared Data Platform to provide data and insights for all the sectors covered by the Workforce Development Councils.
It will provide:
- three- year GDP forecasts at a Workforce Development Council, industry group and industry (ANZSIC Level 4) level.
- three-year forecasts for occupations (ANZSCO).
We have built on official GDP estimates by region and industry groups to estimate GDP for detailed industries (ANZSIC class). This information will be publicly available for industry to use, and we will provide dashboards to assist navigation and analysis.
Key Steps
- January - March 2023: Project kick-off
- April - June 2023: Delivery of initial forecasting tool
- July - September 2024: Quality assurance checks, method updates and finalization of tool
- October - December 2024: Transfer tool to Shared Data Platform hosting
- December 2024: Initial public launch of Industry GDP and Occupation forecasting tool
Latest update
Occupation and GDP forecasting analysis has been transferred to the Shared Data Platform. The team are working with all the Workforce Development Councils to develop and review a public-facing tool to showcase the data in line with our planned delivery schedule.