City of RockinghamEconomic profile

Have you noticed that pages have moved around? We've updated the structure of economic profile to make it easier to find what you need. Read the full list of changes

Skip to content

City of Rockingham

Gross Regional Product

City of Rockingham’s Gross Regional Product was $3.75 billion in the year ending June 2015, declining -2.8% 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 Rockingham - 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 Rockingham - Gross Regional Product
City of Rockingham - Gross Regional Product 2001, Resident GRP: 2,080 million 2002, Resident GRP: 2,340 million 2003, Resident GRP: 2,502 million 2004, Resident GRP: 2,806 million 2005, Resident GRP: 3,156 million 2006, Resident GRP: 3,483 million 2007, Resident GRP: 3,906 million 2008, Resident GRP: 4,323 million 2009, Resident GRP: 4,687 million 2010, Resident GRP: 4,872 million 2011, Resident GRP: 5,552 million 2012, Resident GRP: 6,043 million 2013, Resident GRP: 6,304 million 2014, Resident GRP: 6,390 million 2015, Resident GRP: 6,338 million 2001, Industry GRP: 1,287 million 2002, Industry GRP: 1,400 million 2003, Industry GRP: 1,488 million 2004, Industry GRP: 1,655 million 2005, Industry GRP: 1,850 million 2006, Industry GRP: 2,040 million 2007, Industry GRP: 2,305 million 2008, Industry GRP: 2,536 million 2009, Industry GRP: 2,695 million 2010, Industry GRP: 2,765 million 2011, Industry GRP: 3,068 million 2012, Industry GRP: 3,258 million 2013, Industry GRP: 3,357 million 2014, Industry GRP: 3,445 million 2015, Industry GRP: 3,470 million 2001, Headline GRP: 1,733 million 2002, Headline GRP: 1,876 million 2003, Headline GRP: 2,101 million 2004, Headline GRP: 2,286 million 2005, Headline GRP: 2,485 million 2006, Headline GRP: 2,767 million 2007, Headline GRP: 2,971 million 2008, Headline GRP: 3,069 million 2009, Headline GRP: 3,150 million 2010, Headline GRP: 3,289 million 2011, Headline GRP: 3,389 million 2012, Headline GRP: 3,782 million 2013, Headline GRP: 3,729 million 2014, Headline GRP: 3,862 million 2015, Headline GRP: 3,754 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

To continue building your economic story go to...