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Bayside Council area

Gross Regional Product

Bayside Council area’s Gross Regional Product was $14.83 billion in the year ending June 2018, growing 0.2% 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
201814,826+0.210,87110,3121.05
201714,794+0.710,5119,8471.07
201614,689+6.310,3839,4811.10
201513,815+5.210,3949,1401.14
201413,137-0.210,0658,5631.18
201313,167+5.69,7648,1051.20
201212,473+0.49,9188,0581.23
201112,420+5.99,5787,7361.24
201011,724+9.69,0177,1981.25
200910,701-7.18,9987,0351.28
200811,514+0.48,9666,9701.29
200711,466+7.58,5946,6171.30
200610,663+2.38,5226,3691.34
200510,427-0.38,3466,2051.35
200410,460+7.97,6365,8071.31
20039,690+7.56,8885,4661.26
20029,013-1.06,4815,2681.23
20019,104--6,5775,2781.25

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 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: 5,278 million 2002, Resident GRP: 5,268 million 2003, Resident GRP: 5,466 million 2004, Resident GRP: 5,807 million 2005, Resident GRP: 6,205 million 2006, Resident GRP: 6,369 million 2007, Resident GRP: 6,617 million 2008, Resident GRP: 6,970 million 2009, Resident GRP: 7,035 million 2010, Resident GRP: 7,198 million 2011, Resident GRP: 7,736 million 2012, Resident GRP: 8,058 million 2013, Resident GRP: 8,105 million 2014, Resident GRP: 8,563 million 2015, Resident GRP: 9,140 million 2016, Resident GRP: 9,481 million 2017, Resident GRP: 9,847 million 2018, Resident GRP: 10,312 million 2001, Industry GRP: 6,577 million 2002, Industry GRP: 6,481 million 2003, Industry GRP: 6,888 million 2004, Industry GRP: 7,636 million 2005, Industry GRP: 8,346 million 2006, Industry GRP: 8,522 million 2007, Industry GRP: 8,594 million 2008, Industry GRP: 8,966 million 2009, Industry GRP: 8,998 million 2010, Industry GRP: 9,017 million 2011, Industry GRP: 9,578 million 2012, Industry GRP: 9,918 million 2013, Industry GRP: 9,764 million 2014, Industry GRP: 10,065 million 2015, Industry GRP: 10,394 million 2016, Industry GRP: 10,383 million 2017, Industry GRP: 10,511 million 2018, Industry GRP: 10,871 million 2001, Headline GRP: 9,104 million 2002, Headline GRP: 9,013 million 2003, Headline GRP: 9,690 million 2004, Headline GRP: 10,460 million 2005, Headline GRP: 10,427 million 2006, Headline GRP: 10,663 million 2007, Headline GRP: 11,466 million 2008, Headline GRP: 11,514 million 2009, Headline GRP: 10,701 million 2010, Headline GRP: 11,724 million 2011, Headline GRP: 12,420 million 2012, Headline GRP: 12,473 million 2013, Headline GRP: 13,167 million 2014, Headline GRP: 13,137 million 2015, Headline GRP: 13,815 million 2016, Headline GRP: 14,689 million 2017, Headline GRP: 14,794 million 2018, Headline GRP: 14,826 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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