Local Gross Regional Product (GRP) shows the value of the economy, generated by the workers within the area regardless of where they live, after taxes and dividends leave the area.
Residents GRP refers to the economic output of the residents of the area regardless of where they work. It is best thought of as the income received by people in the LGA. If the Residents GRP of an area is high relative to the Local GRP, this indicates that residents are contributing their economic productivity to other areas (most likely commuting out).
The Local GRP gives the value of economic activity which accrues to the area after taxes and dividends are paid outside the area. It is normally lower than the headline GRP as it does not reflect those elements of economic productivity which accrue to public company shareholders and the federal government outside the area.
Residents GRP is the economic value-added generated by the residents of the area, regardless of where they work. Areas with a high Residents GRP and low Local GRP probably export most of their residents to jobs elsewhere, while areas with a high Local GRP and low Residents GRP mainly import their workers. Residents GRP is best thought of as the income received by people in the LGA.
Local GRP gives the value of economic activity which accrues to the area after taxes and dividends are paid outside the area. It is normally lower than Headline GRP as it does not reflect those elements of economic productivity which accrue to public company shareholders and the federal government outside the area.
Residents GRP is the economic value-added generated by the residents of the area, regardless of where they work. Residents GRP is best thought of as the income received by people in the LGA. Areas with a high Residents GRP and low Local GRP probably export most of their residents to jobs elsewhere, while areas with a high Local GRP and low Residents GRP mainly import their workers.
Local GRP per worker is derived by dividing the Local GRP by the estimate of the number of employed persons in the LGA in the relevant time period. This in turn is derived from the ABS Labour Force survey and State Accounts data.
Data are modelled using the following base datasets:
Source: National Institute of Economic and Industry Research (NIEIR) ©2012
Please note that NIEIR modelled estimates are subject to change and review for the most recent two financial years.
Please refer to the data notes for more information.
Residents GRP represents 173.7% of the Redland City's Local GRP, which indicates that the City is a net exporter of workers and productivity to other LGAs.