City of BoroondaraEconomic profile

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City of Boroondara

Gross Regional Product

City of Boroondara’s Gross Regional Product was $12.33 billion in the year ending June 2016, growing 4.9% 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 2015-16 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: 9,577 million 2002, Resident GRP: 9,945 million 2003, Resident GRP: 10,161 million 2004, Resident GRP: 10,573 million 2005, Resident GRP: 11,130 million 2006, Resident GRP: 11,372 million 2007, Resident GRP: 11,716 million 2008, Resident GRP: 12,457 million 2009, Resident GRP: 12,044 million 2010, Resident GRP: 11,939 million 2011, Resident GRP: 12,355 million 2012, Resident GRP: 12,213 million 2013, Resident GRP: 12,273 million 2014, Resident GRP: 12,350 million 2015, Resident GRP: 12,419 million 2016, Resident GRP: 12,502 million 2001, Industry GRP: 7,662 million 2002, Industry GRP: 7,782 million 2003, Industry GRP: 7,918 million 2004, Industry GRP: 8,210 million 2005, Industry GRP: 8,659 million 2006, Industry GRP: 8,849 million 2007, Industry GRP: 9,063 million 2008, Industry GRP: 9,846 million 2009, Industry GRP: 9,687 million 2010, Industry GRP: 9,719 million 2011, Industry GRP: 10,243 million 2012, Industry GRP: 10,236 million 2013, Industry GRP: 10,215 million 2014, Industry GRP: 10,194 million 2015, Industry GRP: 10,227 million 2016, Industry GRP: 10,312 million 2001, Headline GRP: 9,174 million 2002, Headline GRP: 9,394 million 2003, Headline GRP: 9,281 million 2004, Headline GRP: 9,445 million 2005, Headline GRP: 9,569 million 2006, Headline GRP: 9,676 million 2007, Headline GRP: 10,047 million 2008, Headline GRP: 10,498 million 2009, Headline GRP: 10,448 million 2010, Headline GRP: 10,686 million 2011, Headline GRP: 11,023 million 2012, Headline GRP: 10,977 million 2013, Headline GRP: 11,042 million 2014, Headline GRP: 11,391 million 2015, Headline GRP: 11,759 million 2016, Headline GRP: 12,330 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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