City of JoondalupEconomic profile

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City of Joondalup

Gross Regional Product

City of Joondalup’s Gross Regional Product was $5.47 billion in the year ending June 2015, declining -0.3% 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

City of Joondalup - 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 Joondalup - Gross Regional Product
City of Joondalup - Gross Regional Product 2001, Resident GRP: 5,762 million 2002, Resident GRP: 6,252 million 2003, Resident GRP: 6,275 million 2004, Resident GRP: 6,648 million 2005, Resident GRP: 6,965 million 2006, Resident GRP: 7,114 million 2007, Resident GRP: 7,815 million 2008, Resident GRP: 8,614 million 2009, Resident GRP: 8,960 million 2010, Resident GRP: 9,182 million 2011, Resident GRP: 10,178 million 2012, Resident GRP: 10,480 million 2013, Resident GRP: 10,744 million 2014, Resident GRP: 10,758 million 2015, Resident GRP: 10,494 million 2001, Industry GRP: 2,745 million 2002, Industry GRP: 2,862 million 2003, Industry GRP: 2,981 million 2004, Industry GRP: 3,200 million 2005, Industry GRP: 3,393 million 2006, Industry GRP: 3,542 million 2007, Industry GRP: 3,927 million 2008, Industry GRP: 4,403 million 2009, Industry GRP: 4,631 million 2010, Industry GRP: 4,756 million 2011, Industry GRP: 5,245 million 2012, Industry GRP: 5,445 million 2013, Industry GRP: 5,563 million 2014, Industry GRP: 5,646 million 2015, Industry GRP: 5,622 million 2001, Headline GRP: 3,213 million 2002, Headline GRP: 3,330 million 2003, Headline GRP: 3,559 million 2004, Headline GRP: 3,698 million 2005, Headline GRP: 3,760 million 2006, Headline GRP: 3,898 million 2007, Headline GRP: 4,200 million 2008, Headline GRP: 4,531 million 2009, Headline GRP: 4,605 million 2010, Headline GRP: 4,833 million 2011, Headline GRP: 5,117 million 2012, Headline GRP: 5,518 million 2013, Headline GRP: 5,376 million 2014, Headline GRP: 5,488 million 2015, Headline GRP: 5,473 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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