Bankstown City CouncilEconomic profile

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Bankstown City

Gross Regional Product

Bankstown City’s Gross Regional Product was $9.04 billion in the year ending June 2015, growing 2.0% since the previous year.

Headline Gross Regional Product (GRP) is a measure of size or net wealth generated by the local economy. Changes in this figure over time can represent changes in employment, productivity or the types of industries in the area.

Local Industry GRP shows the value of the local economy, generated by the local workers within the area regardless of where they live, after taxes and dividends leave the area. It is best thought of as GRP produced by local industries.

Local 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 City. If the Residents GRP is high relative to the Local Industry GRP, this indicates that residents are contributing their economic productivity to other areas (most likely commuting out).

To understand the relative size of these measures and reasons behind the differences, GRP data should be viewed in conjunction with Jobs to workers ratio and Employment self-containment datasets. To understand the main contributors to GRP, this dataset should be viewed in conjunction with industry Value added.

National Economics (NIEIR) - Modelled series

Bankstown City - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in by .id , the population experts.

Data is based on 2013-14 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Bankstown City - Gross Regional Product
Bankstown City - Gross Regional Product 2001, Resident GRP: 6,351 million 2002, Resident GRP: 6,324 million 2003, Resident GRP: 6,307 million 2004, Resident GRP: 6,498 million 2005, Resident GRP: 6,719 million 2006, Resident GRP: 6,689 million 2007, Resident GRP: 6,659 million 2008, Resident GRP: 6,952 million 2009, Resident GRP: 6,856 million 2010, Resident GRP: 6,981 million 2011, Resident GRP: 7,500 million 2012, Resident GRP: 7,883 million 2013, Resident GRP: 7,891 million 2014, Resident GRP: 8,221 million 2015, Resident GRP: 8,309 million 2001, Industry GRP: 6,622 million 2002, Industry GRP: 6,583 million 2003, Industry GRP: 6,608 million 2004, Industry GRP: 6,823 million 2005, Industry GRP: 7,093 million 2006, Industry GRP: 7,129 million 2007, Industry GRP: 7,103 million 2008, Industry GRP: 7,325 million 2009, Industry GRP: 7,062 million 2010, Industry GRP: 7,070 million 2011, Industry GRP: 7,423 million 2012, Industry GRP: 7,746 million 2013, Industry GRP: 7,810 million 2014, Industry GRP: 8,085 million 2015, Industry GRP: 8,166 million 2001, Headline GRP: 8,190 million 2002, Headline GRP: 8,136 million 2003, Headline GRP: 8,347 million 2004, Headline GRP: 8,482 million 2005, Headline GRP: 8,438 million 2006, Headline GRP: 8,283 million 2007, Headline GRP: 8,118 million 2008, Headline GRP: 8,282 million 2009, Headline GRP: 8,260 million 2010, Headline GRP: 8,326 million 2011, Headline GRP: 8,375 million 2012, Headline GRP: 8,374 million 2013, Headline GRP: 8,696 million 2014, Headline GRP: 8,862 million 2015, Headline GRP: 9,043 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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