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City of Casey

Gross Regional Product

City of Casey’s Gross Regional Product was $7.66 billion in the year ending June 2016, growing 5.5% 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 Casey - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20167,657+5.56,25110,7790.58
20157,258+4.96,18410,7260.58
20146,920+3.86,12410,7960.57
20136,667+1.96,08510,7630.57
20126,544+0.75,92210,5980.56
20116,501+4.15,71110,2350.56
20106,247+3.75,3419,6300.55
20096,024+4.85,1349,4000.55
20085,749+1.94,9989,3640.53
20075,639+2.84,5868,7040.53
20065,488+1.74,4408,2880.54
20055,397+4.14,2017,8490.54
20045,184+6.83,8557,2690.53
20034,854+8.43,5916,7710.53
20024,477+7.33,3656,4000.53
20014,171--3,2295,9620.54

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 Casey - Gross Regional Product
City of Casey - Gross Regional Product 2001, Resident GRP: 5,962 million 2002, Resident GRP: 6,400 million 2003, Resident GRP: 6,771 million 2004, Resident GRP: 7,269 million 2005, Resident GRP: 7,849 million 2006, Resident GRP: 8,288 million 2007, Resident GRP: 8,704 million 2008, Resident GRP: 9,364 million 2009, Resident GRP: 9,400 million 2010, Resident GRP: 9,630 million 2011, Resident GRP: 10,235 million 2012, Resident GRP: 10,598 million 2013, Resident GRP: 10,763 million 2014, Resident GRP: 10,796 million 2015, Resident GRP: 10,726 million 2016, Resident GRP: 10,779 million 2001, Industry GRP: 3,229 million 2002, Industry GRP: 3,365 million 2003, Industry GRP: 3,591 million 2004, Industry GRP: 3,855 million 2005, Industry GRP: 4,201 million 2006, Industry GRP: 4,440 million 2007, Industry GRP: 4,586 million 2008, Industry GRP: 4,998 million 2009, Industry GRP: 5,134 million 2010, Industry GRP: 5,341 million 2011, Industry GRP: 5,711 million 2012, Industry GRP: 5,922 million 2013, Industry GRP: 6,085 million 2014, Industry GRP: 6,124 million 2015, Industry GRP: 6,184 million 2016, Industry GRP: 6,251 million 2001, Headline GRP: 4,171 million 2002, Headline GRP: 4,477 million 2003, Headline GRP: 4,854 million 2004, Headline GRP: 5,184 million 2005, Headline GRP: 5,397 million 2006, Headline GRP: 5,488 million 2007, Headline GRP: 5,639 million 2008, Headline GRP: 5,749 million 2009, Headline GRP: 6,024 million 2010, Headline GRP: 6,247 million 2011, Headline GRP: 6,501 million 2012, Headline GRP: 6,544 million 2013, Headline GRP: 6,667 million 2014, Headline GRP: 6,920 million 2015, Headline GRP: 7,258 million 2016, Headline GRP: 7,657 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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