City of Greater BendigoEconomic profile
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City of Greater Bendigo

Gross Regional Product

City of Greater Bendigo’s Gross Regional Product was $5.11 billion in the year ending June 2016, declining -2.6% 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

City of Greater Bendigo - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20165,114-2.63,6273,9580.92
20155,249+4.63,8224,1800.91
20145,018+6.23,8264,2070.91
20134,726+0.63,7774,1250.92
20124,700+1.43,7064,0200.92
20114,633+3.83,5693,8580.93
20104,465+3.03,3623,6160.93
20094,336+0.73,2623,4880.94
20084,304+1.33,2443,4540.94
20074,249+3.03,0813,2730.94
20064,127+2.53,0093,1880.94
20054,025+2.62,8813,0270.95
20043,924+4.92,7412,8570.96
20033,740+4.82,6402,7280.97
20023,570+5.12,5732,6260.98
20013,397--2,4262,4810.98

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

Data is based on 2014-15 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.

City of Greater Bendigo - Gross Regional Product
City of Greater Bendigo - Gross Regional Product 2001, Resident GRP: 2,481 million 2002, Resident GRP: 2,626 million 2003, Resident GRP: 2,728 million 2004, Resident GRP: 2,857 million 2005, Resident GRP: 3,027 million 2006, Resident GRP: 3,188 million 2007, Resident GRP: 3,273 million 2008, Resident GRP: 3,454 million 2009, Resident GRP: 3,488 million 2010, Resident GRP: 3,616 million 2011, Resident GRP: 3,858 million 2012, Resident GRP: 4,020 million 2013, Resident GRP: 4,125 million 2014, Resident GRP: 4,207 million 2015, Resident GRP: 4,180 million 2016, Resident GRP: 3,958 million 2001, Industry GRP: 2,426 million 2002, Industry GRP: 2,573 million 2003, Industry GRP: 2,640 million 2004, Industry GRP: 2,741 million 2005, Industry GRP: 2,881 million 2006, Industry GRP: 3,009 million 2007, Industry GRP: 3,081 million 2008, Industry GRP: 3,244 million 2009, Industry GRP: 3,262 million 2010, Industry GRP: 3,362 million 2011, Industry GRP: 3,569 million 2012, Industry GRP: 3,706 million 2013, Industry GRP: 3,777 million 2014, Industry GRP: 3,826 million 2015, Industry GRP: 3,822 million 2016, Industry GRP: 3,627 million 2001, Headline GRP: 3,397 million 2002, Headline GRP: 3,570 million 2003, Headline GRP: 3,740 million 2004, Headline GRP: 3,924 million 2005, Headline GRP: 4,025 million 2006, Headline GRP: 4,127 million 2007, Headline GRP: 4,249 million 2008, Headline GRP: 4,304 million 2009, Headline GRP: 4,336 million 2010, Headline GRP: 4,465 million 2011, Headline GRP: 4,633 million 2012, Headline GRP: 4,700 million 2013, Headline GRP: 4,726 million 2014, Headline GRP: 5,018 million 2015, Headline GRP: 5,249 million 2016, Headline GRP: 5,114 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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