City of Greater BendigoEconomic profile
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City of Greater Bendigo

Gross Regional Product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

City of Greater Bendigo’s Gross Regional Product was $5.26 billion in the year ending June 2017, growing 1.4% 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 Greater Bendigo - 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 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

City of Greater Bendigo - Gross Regional Product
City of Greater Bendigo - Gross Regional Product 2001, Resident GRP: 2,519 million 2002, Resident GRP: 2,664 million 2003, Resident GRP: 2,767 million 2004, Resident GRP: 2,916 million 2005, Resident GRP: 3,104 million 2006, Resident GRP: 3,293 million 2007, Resident GRP: 3,360 million 2008, Resident GRP: 3,522 million 2009, Resident GRP: 3,616 million 2010, Resident GRP: 3,673 million 2011, Resident GRP: 3,937 million 2012, Resident GRP: 4,064 million 2013, Resident GRP: 4,108 million 2014, Resident GRP: 4,241 million 2015, Resident GRP: 4,263 million 2016, Resident GRP: 3,983 million 2017, Resident GRP: 3,827 million 2001, Industry GRP: 2,447 million 2002, Industry GRP: 2,597 million 2003, Industry GRP: 2,669 million 2004, Industry GRP: 2,789 million 2005, Industry GRP: 2,963 million 2006, Industry GRP: 3,122 million 2007, Industry GRP: 3,164 million 2008, Industry GRP: 3,295 million 2009, Industry GRP: 3,366 million 2010, Industry GRP: 3,409 million 2011, Industry GRP: 3,636 million 2012, Industry GRP: 3,755 million 2013, Industry GRP: 3,818 million 2014, Industry GRP: 3,976 million 2015, Industry GRP: 4,005 million 2016, Industry GRP: 3,729 million 2017, Industry GRP: 3,566 million 2001, Headline GRP: 3,476 million 2002, Headline GRP: 3,736 million 2003, Headline GRP: 3,956 million 2004, Headline GRP: 4,102 million 2005, Headline GRP: 4,207 million 2006, Headline GRP: 4,304 million 2007, Headline GRP: 4,417 million 2008, Headline GRP: 4,430 million 2009, Headline GRP: 4,492 million 2010, Headline GRP: 4,632 million 2011, Headline GRP: 4,757 million 2012, Headline GRP: 4,864 million 2013, Headline GRP: 4,918 million 2014, Headline GRP: 5,271 million 2015, Headline GRP: 5,471 million 2016, Headline GRP: 5,190 million 2017, Headline GRP: 5,262 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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