City of BrimbankEconomic profile

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City of Brimbank

Gross Regional Product

City of Brimbank’s Gross Regional Product was $7.36 billion in the year ending June 2015, growing 5.9% 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 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 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 Brimbank - Gross Regional Product
City of Brimbank - Gross Regional Product 2001, Resident GRP: 4,514 million 2002, Resident GRP: 4,746 million 2003, Resident GRP: 4,878 million 2004, Resident GRP: 5,065 million 2005, Resident GRP: 5,353 million 2006, Resident GRP: 5,531 million 2007, Resident GRP: 5,706 million 2008, Resident GRP: 6,148 million 2009, Resident GRP: 6,108 million 2010, Resident GRP: 6,206 million 2011, Resident GRP: 6,599 million 2012, Resident GRP: 6,777 million 2013, Resident GRP: 6,816 million 2014, Resident GRP: 6,869 million 2015, Resident GRP: 6,825 million 2001, Industry GRP: 3,607 million 2002, Industry GRP: 3,822 million 2003, Industry GRP: 4,010 million 2004, Industry GRP: 4,207 million 2005, Industry GRP: 4,500 million 2006, Industry GRP: 4,714 million 2007, Industry GRP: 4,869 million 2008, Industry GRP: 5,265 million 2009, Industry GRP: 5,291 million 2010, Industry GRP: 5,424 million 2011, Industry GRP: 5,785 million 2012, Industry GRP: 5,966 million 2013, Industry GRP: 6,061 million 2014, Industry GRP: 6,184 million 2015, Industry GRP: 6,296 million 2001, Headline GRP: 4,584 million 2002, Headline GRP: 4,798 million 2003, Headline GRP: 5,115 million 2004, Headline GRP: 5,315 million 2005, Headline GRP: 5,484 million 2006, Headline GRP: 5,569 million 2007, Headline GRP: 5,779 million 2008, Headline GRP: 6,131 million 2009, Headline GRP: 6,284 million 2010, Headline GRP: 6,514 million 2011, Headline GRP: 6,662 million 2012, Headline GRP: 6,647 million 2013, Headline GRP: 6,684 million 2014, Headline GRP: 6,951 million 2015, Headline GRP: 7,359 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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