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Penrith City

Gross Regional Product

Penrith City’s Gross Regional Product was $8.98 billion in the year ending June 2016, growing 5.0% 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

Penrith City - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20168,983+5.07,57910,0620.75
20158,556+2.87,2369,7630.74
20148,319+2.77,0149,4630.74
20138,103+2.86,8279,2370.74
20127,879+2.66,8419,2250.74
20117,681+3.66,5258,7640.74
20107,412+3.76,1508,2650.74
20097,150+3.65,9838,1440.73
20086,902+4.05,9948,1890.73
20076,637-1.05,6057,7050.73
20066,704-3.05,4847,5450.73
20056,909-0.15,4097,4320.73
20046,918+1.35,2077,0900.73
20036,826+3.65,0386,7830.74
20026,587+2.04,9846,7220.74
20016,459--4,9336,6800.74

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.

Penrith City - Gross Regional Product
Penrith City - Gross Regional Product 2001, Resident GRP: 6,680 million 2002, Resident GRP: 6,722 million 2003, Resident GRP: 6,783 million 2004, Resident GRP: 7,090 million 2005, Resident GRP: 7,432 million 2006, Resident GRP: 7,545 million 2007, Resident GRP: 7,705 million 2008, Resident GRP: 8,189 million 2009, Resident GRP: 8,144 million 2010, Resident GRP: 8,265 million 2011, Resident GRP: 8,764 million 2012, Resident GRP: 9,225 million 2013, Resident GRP: 9,237 million 2014, Resident GRP: 9,463 million 2015, Resident GRP: 9,763 million 2016, Resident GRP: 10,062 million 2001, Industry GRP: 4,933 million 2002, Industry GRP: 4,984 million 2003, Industry GRP: 5,038 million 2004, Industry GRP: 5,207 million 2005, Industry GRP: 5,409 million 2006, Industry GRP: 5,484 million 2007, Industry GRP: 5,605 million 2008, Industry GRP: 5,994 million 2009, Industry GRP: 5,983 million 2010, Industry GRP: 6,150 million 2011, Industry GRP: 6,525 million 2012, Industry GRP: 6,841 million 2013, Industry GRP: 6,827 million 2014, Industry GRP: 7,014 million 2015, Industry GRP: 7,236 million 2016, Industry GRP: 7,579 million 2001, Headline GRP: 6,459 million 2002, Headline GRP: 6,587 million 2003, Headline GRP: 6,826 million 2004, Headline GRP: 6,918 million 2005, Headline GRP: 6,909 million 2006, Headline GRP: 6,704 million 2007, Headline GRP: 6,637 million 2008, Headline GRP: 6,902 million 2009, Headline GRP: 7,150 million 2010, Headline GRP: 7,412 million 2011, Headline GRP: 7,681 million 2012, Headline GRP: 7,879 million 2013, Headline GRP: 8,103 million 2014, Headline GRP: 8,319 million 2015, Headline GRP: 8,556 million 2016, Headline GRP: 8,983 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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