City of WyndhamEconomic profile

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City of Wyndham

Gross Regional Product

City of Wyndham’s Gross Regional Product was $7.31 billion in the year ending June 2015, growing 9.8% 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 Wyndham - 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 Wyndham - Gross Regional Product
City of Wyndham - Gross Regional Product 2001, Resident GRP: 2,771 million 2002, Resident GRP: 3,049 million 2003, Resident GRP: 3,385 million 2004, Resident GRP: 3,775 million 2005, Resident GRP: 4,234 million 2006, Resident GRP: 4,612 million 2007, Resident GRP: 4,997 million 2008, Resident GRP: 5,568 million 2009, Resident GRP: 5,779 million 2010, Resident GRP: 6,235 million 2011, Resident GRP: 6,972 million 2012, Resident GRP: 7,335 million 2013, Resident GRP: 7,470 million 2014, Resident GRP: 7,603 million 2015, Resident GRP: 7,702 million 2001, Industry GRP: 2,319 million 2002, Industry GRP: 2,513 million 2003, Industry GRP: 2,720 million 2004, Industry GRP: 2,959 million 2005, Industry GRP: 3,269 million 2006, Industry GRP: 3,520 million 2007, Industry GRP: 3,716 million 2008, Industry GRP: 4,047 million 2009, Industry GRP: 4,123 million 2010, Industry GRP: 4,325 million 2011, Industry GRP: 4,702 million 2012, Industry GRP: 4,922 million 2013, Industry GRP: 5,113 million 2014, Industry GRP: 5,422 million 2015, Industry GRP: 5,640 million 2001, Headline GRP: 3,327 million 2002, Headline GRP: 3,577 million 2003, Headline GRP: 3,955 million 2004, Headline GRP: 4,241 million 2005, Headline GRP: 4,530 million 2006, Headline GRP: 4,705 million 2007, Headline GRP: 4,955 million 2008, Headline GRP: 5,304 million 2009, Headline GRP: 5,520 million 2010, Headline GRP: 5,830 million 2011, Headline GRP: 5,993 million 2012, Headline GRP: 5,908 million 2013, Headline GRP: 6,031 million 2014, Headline GRP: 6,657 million 2015, Headline GRP: 7,306 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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