THE Australian night time economy was valued at $92 billion in 2011, according to a new report released last week by the National Local Government Drug and Alcohol Committee (NLGDAAC) that examines the size and nature of the Australian night time economy.
In other findings, the report estimates that 8.74 per cent (970,000) of all Australian employees are employed in the core night time economy, an increase of 6.9 per cent since 2009. New South Wales and Victoria are found to have the largest night time economies, accounting for more than 60 per cent of all core night time economy firms.
According to the Committee, the report aims to inform local government planning in order to activate night time economic development and business activity, whilst bringing the night time economy into focus as an important sector with a range of activity that provides jobs, revenue and services to the public.
The report also seeks to provide an evidence base to allow the businesses and social activity operating in this sector to be perceived as a vital contributor to the Australian economy, and not just a social problem.
It has a particular focus on 12 specific local government areas: Sydney, Parramatta and Newcastle in NSW: Greater Dandenong, Maroondah, Melbourne and Port Philip in Victoria; Brisbane; Perth, Adelaide; Darwin; and Hobart.
NLGDAAC Chair, Nick Heath, said it was the first time a study of night time economy in Australia's major cities has been produced.
"This report will be valuable for use by local government in better understanding the role of night time services as an economy, and in providing the relevant support to ensure that it continues to effectively deliver vibrancy, jobs, income and taxes, relaxation and value to the urban space for the enjoyment of those who wish to participate in it," Mr Heath said.
"The report provides a clear view of the economic role in the local area, including the numbers of establishments and employment; changes in types of activity; estimations of the nature of businesses and the value of the night time economy compared to the total local economy."
The report, 'The Australian Night Time Economy: A First Analysis 2009 to 2011', is available from the Local Government Alcohol and Drug Info Net (LGADIN) website at <http://www.lgadin.gov.au/>.