City of Tea Tree GullyEconomic profile
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City of Tea Tree Gully

Gross Regional Product

City of Tea Tree Gully’s Gross Regional Product was $2.54 billion in the year ending June 2016, growing 0.9% 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 Tea Tree Gully - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20162,538+0.92,1034,0940.51
20152,515+4.32,1684,3400.50
20142,411+2.62,1694,4660.49
20132,350-0.62,1374,4290.48
20122,363-1.52,1714,4950.48
20112,398+1.12,1624,4970.48
20102,371+2.82,0744,3470.48
20092,306+2.62,0494,3180.47
20082,247+2.92,0204,2730.47
20072,183+2.01,8823,9550.48
20062,141-0.71,8183,7540.48
20052,156+2.81,7823,7140.48
20042,098+2.41,6523,5600.46
20032,049+5.91,5723,4080.46
20021,935+4.01,5253,3580.45
20011,860--1,5183,2070.47

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 2014-15 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 Tea Tree Gully - Gross Regional Product
City of Tea Tree Gully - Gross Regional Product 2001, Resident GRP: 3,207 million 2002, Resident GRP: 3,358 million 2003, Resident GRP: 3,408 million 2004, Resident GRP: 3,560 million 2005, Resident GRP: 3,714 million 2006, Resident GRP: 3,754 million 2007, Resident GRP: 3,955 million 2008, Resident GRP: 4,273 million 2009, Resident GRP: 4,318 million 2010, Resident GRP: 4,347 million 2011, Resident GRP: 4,497 million 2012, Resident GRP: 4,495 million 2013, Resident GRP: 4,429 million 2014, Resident GRP: 4,466 million 2015, Resident GRP: 4,340 million 2016, Resident GRP: 4,094 million 2001, Industry GRP: 1,518 million 2002, Industry GRP: 1,525 million 2003, Industry GRP: 1,572 million 2004, Industry GRP: 1,652 million 2005, Industry GRP: 1,782 million 2006, Industry GRP: 1,818 million 2007, Industry GRP: 1,882 million 2008, Industry GRP: 2,020 million 2009, Industry GRP: 2,049 million 2010, Industry GRP: 2,074 million 2011, Industry GRP: 2,162 million 2012, Industry GRP: 2,171 million 2013, Industry GRP: 2,137 million 2014, Industry GRP: 2,169 million 2015, Industry GRP: 2,168 million 2016, Industry GRP: 2,103 million 2001, Headline GRP: 1,860 million 2002, Headline GRP: 1,935 million 2003, Headline GRP: 2,049 million 2004, Headline GRP: 2,098 million 2005, Headline GRP: 2,156 million 2006, Headline GRP: 2,141 million 2007, Headline GRP: 2,183 million 2008, Headline GRP: 2,247 million 2009, Headline GRP: 2,306 million 2010, Headline GRP: 2,371 million 2011, Headline GRP: 2,398 million 2012, Headline GRP: 2,363 million 2013, Headline GRP: 2,350 million 2014, Headline GRP: 2,411 million 2015, Headline GRP: 2,515 million 2016, Headline GRP: 2,538 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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