Griffith CityEconomic profile

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Griffith City

Gross Regional Product

Griffith City’s Gross Regional Product was $1.37 billion in the year ending June 2015, growing 1.4% 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

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

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.

Griffith City - Gross Regional Product
Griffith City - Gross Regional Product 2001, Resident GRP: 961 million 2002, Resident GRP: 953 million 2003, Resident GRP: 937 million 2004, Resident GRP: 943 million 2005, Resident GRP: 981 million 2006, Resident GRP: 988 million 2007, Resident GRP: 1,010 million 2008, Resident GRP: 1,051 million 2009, Resident GRP: 1,014 million 2010, Resident GRP: 1,013 million 2011, Resident GRP: 1,026 million 2012, Resident GRP: 1,027 million 2013, Resident GRP: 1,020 million 2014, Resident GRP: 1,038 million 2015, Resident GRP: 1,021 million 2001, Industry GRP: 963 million 2002, Industry GRP: 950 million 2003, Industry GRP: 931 million 2004, Industry GRP: 940 million 2005, Industry GRP: 991 million 2006, Industry GRP: 1,001 million 2007, Industry GRP: 1,040 million 2008, Industry GRP: 1,081 million 2009, Industry GRP: 1,030 million 2010, Industry GRP: 1,025 million 2011, Industry GRP: 1,034 million 2012, Industry GRP: 1,034 million 2013, Industry GRP: 1,023 million 2014, Industry GRP: 1,048 million 2015, Industry GRP: 1,049 million 2001, Headline GRP: 1,403 million 2002, Headline GRP: 1,334 million 2003, Headline GRP: 1,254 million 2004, Headline GRP: 1,290 million 2005, Headline GRP: 1,287 million 2006, Headline GRP: 1,303 million 2007, Headline GRP: 1,353 million 2008, Headline GRP: 1,394 million 2009, Headline GRP: 1,384 million 2010, Headline GRP: 1,375 million 2011, Headline GRP: 1,368 million 2012, Headline GRP: 1,332 million 2013, Headline GRP: 1,352 million 2014, Headline GRP: 1,353 million 2015, Headline GRP: 1,372 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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