City of BoroondaraEconomic profile

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City of Boroondara

Gross Regional Product

City of Boroondara’s Gross Regional Product was $11.00 billion in the year ending June 2015, growing 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 Boroondara - 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.

City of Boroondara - Gross Regional Product
City of Boroondara - Gross Regional Product 2001, Resident GRP: 9,447 million 2002, Resident GRP: 9,793 million 2003, Resident GRP: 10,036 million 2004, Resident GRP: 10,423 million 2005, Resident GRP: 10,937 million 2006, Resident GRP: 11,209 million 2007, Resident GRP: 11,567 million 2008, Resident GRP: 12,297 million 2009, Resident GRP: 11,991 million 2010, Resident GRP: 11,805 million 2011, Resident GRP: 12,286 million 2012, Resident GRP: 12,175 million 2013, Resident GRP: 12,217 million 2014, Resident GRP: 12,342 million 2015, Resident GRP: 12,498 million 2001, Industry GRP: 7,564 million 2002, Industry GRP: 7,692 million 2003, Industry GRP: 7,877 million 2004, Industry GRP: 8,121 million 2005, Industry GRP: 8,470 million 2006, Industry GRP: 8,633 million 2007, Industry GRP: 8,898 million 2008, Industry GRP: 9,677 million 2009, Industry GRP: 9,608 million 2010, Industry GRP: 9,568 million 2011, Industry GRP: 10,147 million 2012, Industry GRP: 10,129 million 2013, Industry GRP: 10,080 million 2014, Industry GRP: 10,098 million 2015, Industry GRP: 10,150 million 2001, Headline GRP: 8,397 million 2002, Headline GRP: 8,691 million 2003, Headline GRP: 9,036 million 2004, Headline GRP: 9,192 million 2005, Headline GRP: 9,138 million 2006, Headline GRP: 9,324 million 2007, Headline GRP: 9,631 million 2008, Headline GRP: 9,934 million 2009, Headline GRP: 9,896 million 2010, Headline GRP: 10,021 million 2011, Headline GRP: 10,393 million 2012, Headline GRP: 10,274 million 2013, Headline GRP: 10,319 million 2014, Headline GRP: 10,713 million 2015, Headline GRP: 10,996 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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