City of RockinghamEconomic profile

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City of Rockingham

Gross Regional Product

City of Rockingham’s Gross Regional Product was $4.26 billion in the year ending June 2016, growing 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 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 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.

City of Rockingham - Gross Regional Product
City of Rockingham - Gross Regional Product 2001, Resident GRP: 2,122 million 2002, Resident GRP: 2,386 million 2003, Resident GRP: 2,548 million 2004, Resident GRP: 2,892 million 2005, Resident GRP: 3,300 million 2006, Resident GRP: 3,633 million 2007, Resident GRP: 4,022 million 2008, Resident GRP: 4,436 million 2009, Resident GRP: 4,843 million 2010, Resident GRP: 5,052 million 2011, Resident GRP: 5,761 million 2012, Resident GRP: 6,313 million 2013, Resident GRP: 6,602 million 2014, Resident GRP: 6,588 million 2015, Resident GRP: 6,465 million 2016, Resident GRP: 5,989 million 2001, Industry GRP: 1,328 million 2002, Industry GRP: 1,438 million 2003, Industry GRP: 1,528 million 2004, Industry GRP: 1,720 million 2005, Industry GRP: 1,984 million 2006, Industry GRP: 2,175 million 2007, Industry GRP: 2,392 million 2008, Industry GRP: 2,616 million 2009, Industry GRP: 2,813 million 2010, Industry GRP: 2,895 million 2011, Industry GRP: 3,209 million 2012, Industry GRP: 3,369 million 2013, Industry GRP: 3,469 million 2014, Industry GRP: 3,490 million 2015, Industry GRP: 3,491 million 2016, Industry GRP: 3,368 million 2001, Headline GRP: 1,826 million 2002, Headline GRP: 1,963 million 2003, Headline GRP: 2,208 million 2004, Headline GRP: 2,423 million 2005, Headline GRP: 2,686 million 2006, Headline GRP: 3,031 million 2007, Headline GRP: 3,264 million 2008, Headline GRP: 3,424 million 2009, Headline GRP: 3,538 million 2010, Headline GRP: 3,658 million 2011, Headline GRP: 3,704 million 2012, Headline GRP: 4,045 million 2013, Headline GRP: 4,094 million 2014, Headline GRP: 4,197 million 2015, Headline GRP: 4,251 million 2016, Headline GRP: 4,264 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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