Griffith CityEconomic profile

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Griffith City

Gross Regional Product

Griffith City’s Gross Regional Product was $1.39 billion in the year ending June 2016, declining -1.3% 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

Griffith City - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20161,391-1.31,0021,0410.96
20151,409-2.11,0081,0290.98
20141,439+0.91,0151,0250.99
20131,426-1.01,0131,0181.00
20121,440-7.01,0321,0271.01
20111,549-1.41,0311,0251.01
20101,571+0.91,0081,0031.00
20091,556-2.21,0161,0131.00
20081,591+3.01,0551,0531.00
20071,545-2.31,0191,0181.00
20061,581+2.51,0381,0391.00
20051,542+2.41,0201,0241.00
20041,506-1.29399431.00
20031,524-1.49459461.00
20021,545+0.99599561.00
20011,532--9679661.00

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 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.

Griffith City - Gross Regional Product
Griffith City - Gross Regional Product 2001, Resident GRP: 966 million 2002, Resident GRP: 956 million 2003, Resident GRP: 946 million 2004, Resident GRP: 943 million 2005, Resident GRP: 1,024 million 2006, Resident GRP: 1,039 million 2007, Resident GRP: 1,018 million 2008, Resident GRP: 1,053 million 2009, Resident GRP: 1,013 million 2010, Resident GRP: 1,003 million 2011, Resident GRP: 1,025 million 2012, Resident GRP: 1,027 million 2013, Resident GRP: 1,018 million 2014, Resident GRP: 1,025 million 2015, Resident GRP: 1,029 million 2016, Resident GRP: 1,041 million 2001, Industry GRP: 967 million 2002, Industry GRP: 959 million 2003, Industry GRP: 945 million 2004, Industry GRP: 939 million 2005, Industry GRP: 1,020 million 2006, Industry GRP: 1,038 million 2007, Industry GRP: 1,019 million 2008, Industry GRP: 1,055 million 2009, Industry GRP: 1,016 million 2010, Industry GRP: 1,008 million 2011, Industry GRP: 1,031 million 2012, Industry GRP: 1,032 million 2013, Industry GRP: 1,013 million 2014, Industry GRP: 1,015 million 2015, Industry GRP: 1,008 million 2016, Industry GRP: 1,002 million 2001, Headline GRP: 1,532 million 2002, Headline GRP: 1,545 million 2003, Headline GRP: 1,524 million 2004, Headline GRP: 1,506 million 2005, Headline GRP: 1,542 million 2006, Headline GRP: 1,581 million 2007, Headline GRP: 1,545 million 2008, Headline GRP: 1,591 million 2009, Headline GRP: 1,556 million 2010, Headline GRP: 1,571 million 2011, Headline GRP: 1,549 million 2012, Headline GRP: 1,440 million 2013, Headline GRP: 1,426 million 2014, Headline GRP: 1,439 million 2015, Headline GRP: 1,409 million 2016, Headline GRP: 1,391 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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