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Bayside Council area

Gross Regional Product

Bayside Council area’s Gross Regional Product was $15.30 billion in the year ending June 2017, growing 0.8% 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 Council. 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

Bayside Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201715,301+0.811,35010,5541.08
201615,184+6.011,17110,2601.09
201514,330+6.311,0079,9371.11
201413,478-0.410,6149,2711.14
201313,533+4.910,3988,8021.18
201212,896+0.310,5068,6721.21
201112,863+5.710,1388,2881.22
201012,174+9.69,5547,7201.24
200911,103-6.69,4497,5901.25
200811,884-1.39,4567,4811.26
200712,043+6.89,1297,1401.28
200611,277+2.59,0646,9211.31
200511,005-1.58,8516,7151.32
200411,170+7.48,2446,3621.30
200310,405+6.97,4466,0241.24
20029,732+0.17,0135,7681.22
20019,725--7,1025,8211.22

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Bayside Council area - Gross Regional Product
Bayside Council area - Gross Regional Product 2001, Resident GRP: 5,821 million 2002, Resident GRP: 5,768 million 2003, Resident GRP: 6,024 million 2004, Resident GRP: 6,362 million 2005, Resident GRP: 6,715 million 2006, Resident GRP: 6,921 million 2007, Resident GRP: 7,140 million 2008, Resident GRP: 7,481 million 2009, Resident GRP: 7,590 million 2010, Resident GRP: 7,720 million 2011, Resident GRP: 8,288 million 2012, Resident GRP: 8,672 million 2013, Resident GRP: 8,802 million 2014, Resident GRP: 9,271 million 2015, Resident GRP: 9,937 million 2016, Resident GRP: 10,260 million 2017, Resident GRP: 10,554 million 2001, Industry GRP: 7,102 million 2002, Industry GRP: 7,013 million 2003, Industry GRP: 7,446 million 2004, Industry GRP: 8,244 million 2005, Industry GRP: 8,851 million 2006, Industry GRP: 9,064 million 2007, Industry GRP: 9,129 million 2008, Industry GRP: 9,456 million 2009, Industry GRP: 9,449 million 2010, Industry GRP: 9,554 million 2011, Industry GRP: 10,138 million 2012, Industry GRP: 10,506 million 2013, Industry GRP: 10,398 million 2014, Industry GRP: 10,614 million 2015, Industry GRP: 11,007 million 2016, Industry GRP: 11,171 million 2017, Industry GRP: 11,350 million 2001, Headline GRP: 9,725 million 2002, Headline GRP: 9,732 million 2003, Headline GRP: 10,405 million 2004, Headline GRP: 11,170 million 2005, Headline GRP: 11,005 million 2006, Headline GRP: 11,277 million 2007, Headline GRP: 12,043 million 2008, Headline GRP: 11,884 million 2009, Headline GRP: 11,103 million 2010, Headline GRP: 12,174 million 2011, Headline GRP: 12,863 million 2012, Headline GRP: 12,896 million 2013, Headline GRP: 13,533 million 2014, Headline GRP: 13,478 million 2015, Headline GRP: 14,330 million 2016, Headline GRP: 15,184 million 2017, Headline GRP: 15,301 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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