[2] As the nearest town to the major tourist destination of Wilsons Promontory National Park, Yanakie has several accommodation and retail outlets.

Additionally there are public toilets, children's playground, tourist information boards and some short bush and coastal walks.

Yanakie hosts regional Camp Drafts (features horse and cattle skills) at a purpose-built arena.

The second main occupations relate to tourism, with beef and sheep farming numbers increasing.

[citation needed] Just south of the township, one can see the Yanakie drain, which was built to drain water from a large swamp prior to settlement and runs from near the national park boundary to empty into Shallow Inlet.