City of BrimbankEconomic profile

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City of Brimbank

Gross Regional Product

City of Brimbank’s Gross Regional Product was $7.97 billion in the year ending June 2016, growing 1.5% 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 Brimbank - 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 Brimbank - Gross Regional Product
City of Brimbank - Gross Regional Product 2001, Resident GRP: 4,616 million 2002, Resident GRP: 4,852 million 2003, Resident GRP: 4,972 million 2004, Resident GRP: 5,161 million 2005, Resident GRP: 5,425 million 2006, Resident GRP: 5,610 million 2007, Resident GRP: 5,792 million 2008, Resident GRP: 6,243 million 2009, Resident GRP: 6,216 million 2010, Resident GRP: 6,328 million 2011, Resident GRP: 6,724 million 2012, Resident GRP: 6,916 million 2013, Resident GRP: 6,957 million 2014, Resident GRP: 6,916 million 2015, Resident GRP: 6,795 million 2016, Resident GRP: 6,742 million 2001, Industry GRP: 3,633 million 2002, Industry GRP: 3,851 million 2003, Industry GRP: 4,049 million 2004, Industry GRP: 4,251 million 2005, Industry GRP: 4,574 million 2006, Industry GRP: 4,802 million 2007, Industry GRP: 4,941 million 2008, Industry GRP: 5,375 million 2009, Industry GRP: 5,437 million 2010, Industry GRP: 5,558 million 2011, Industry GRP: 5,905 million 2012, Industry GRP: 6,077 million 2013, Industry GRP: 6,143 million 2014, Industry GRP: 6,182 million 2015, Industry GRP: 6,218 million 2016, Industry GRP: 6,176 million 2001, Headline GRP: 5,168 million 2002, Headline GRP: 5,439 million 2003, Headline GRP: 5,818 million 2004, Headline GRP: 6,064 million 2005, Headline GRP: 6,254 million 2006, Headline GRP: 6,310 million 2007, Headline GRP: 6,441 million 2008, Headline GRP: 6,775 million 2009, Headline GRP: 6,964 million 2010, Headline GRP: 7,247 million 2011, Headline GRP: 7,357 million 2012, Headline GRP: 7,324 million 2013, Headline GRP: 7,318 million 2014, Headline GRP: 7,553 million 2015, Headline GRP: 7,846 million 2016, Headline GRP: 7,966 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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