City of WyndhamEconomic profile

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City of Wyndham

Gross Regional Product

City of Wyndham’s Gross Regional Product was $8.45 billion in the year ending June 2016, growing 8.7% 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 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 Wyndham - Gross Regional Product
City of Wyndham - Gross Regional Product 2001, Resident GRP: 2,867 million 2002, Resident GRP: 3,155 million 2003, Resident GRP: 3,498 million 2004, Resident GRP: 3,904 million 2005, Resident GRP: 4,373 million 2006, Resident GRP: 4,744 million 2007, Resident GRP: 5,138 million 2008, Resident GRP: 5,714 million 2009, Resident GRP: 5,944 million 2010, Resident GRP: 6,418 million 2011, Resident GRP: 7,149 million 2012, Resident GRP: 7,558 million 2013, Resident GRP: 7,696 million 2014, Resident GRP: 7,732 million 2015, Resident GRP: 7,718 million 2016, Resident GRP: 7,755 million 2001, Industry GRP: 2,400 million 2002, Industry GRP: 2,600 million 2003, Industry GRP: 2,820 million 2004, Industry GRP: 3,072 million 2005, Industry GRP: 3,456 million 2006, Industry GRP: 3,725 million 2007, Industry GRP: 3,918 million 2008, Industry GRP: 4,256 million 2009, Industry GRP: 4,341 million 2010, Industry GRP: 4,546 million 2011, Industry GRP: 4,936 million 2012, Industry GRP: 5,181 million 2013, Industry GRP: 5,352 million 2014, Industry GRP: 5,580 million 2015, Industry GRP: 5,721 million 2016, Industry GRP: 5,906 million 2001, Headline GRP: 3,614 million 2002, Headline GRP: 3,951 million 2003, Headline GRP: 4,421 million 2004, Headline GRP: 4,752 million 2005, Headline GRP: 5,056 million 2006, Headline GRP: 5,210 million 2007, Headline GRP: 5,422 million 2008, Headline GRP: 5,737 million 2009, Headline GRP: 6,036 million 2010, Headline GRP: 6,455 million 2011, Headline GRP: 6,705 million 2012, Headline GRP: 6,529 million 2013, Headline GRP: 6,615 million 2014, Headline GRP: 7,174 million 2015, Headline GRP: 7,779 million 2016, Headline GRP: 8,454 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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