Gosford City CouncilEconomic profile

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Gosford City

Gross Regional Product

Gosford City’s Gross Regional Product was $6.61 billion in the year ending June 2015, growing 3.4% 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

Gosford City - 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 economy.id 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.

Gosford City - Gross Regional Product
Gosford City - Gross Regional Product 2001, Resident GRP: 6,042 million 2002, Resident GRP: 6,047 million 2003, Resident GRP: 6,239 million 2004, Resident GRP: 6,611 million 2005, Resident GRP: 6,937 million 2006, Resident GRP: 7,073 million 2007, Resident GRP: 7,226 million 2008, Resident GRP: 7,610 million 2009, Resident GRP: 7,360 million 2010, Resident GRP: 7,461 million 2011, Resident GRP: 7,897 million 2012, Resident GRP: 8,088 million 2013, Resident GRP: 8,013 million 2014, Resident GRP: 8,354 million 2015, Resident GRP: 8,406 million 2001, Industry GRP: 4,952 million 2002, Industry GRP: 4,908 million 2003, Industry GRP: 5,051 million 2004, Industry GRP: 5,333 million 2005, Industry GRP: 5,581 million 2006, Industry GRP: 5,683 million 2007, Industry GRP: 5,798 million 2008, Industry GRP: 6,070 million 2009, Industry GRP: 5,819 million 2010, Industry GRP: 5,896 million 2011, Industry GRP: 6,220 million 2012, Industry GRP: 6,315 million 2013, Industry GRP: 6,222 million 2014, Industry GRP: 6,466 million 2015, Industry GRP: 6,519 million 2001, Headline GRP: 5,830 million 2002, Headline GRP: 5,833 million 2003, Headline GRP: 6,022 million 2004, Headline GRP: 6,191 million 2005, Headline GRP: 6,207 million 2006, Headline GRP: 6,140 million 2007, Headline GRP: 6,082 million 2008, Headline GRP: 6,085 million 2009, Headline GRP: 6,079 million 2010, Headline GRP: 6,110 million 2011, Headline GRP: 6,163 million 2012, Headline GRP: 6,097 million 2013, Headline GRP: 6,221 million 2014, Headline GRP: 6,397 million 2015, Headline GRP: 6,613 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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