City of BoroondaraEconomic profile
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City of Boroondara

Gross Regional Product

City of Boroondara’s Gross Regional Product was $13.70 billion in the year ending June 2019, growing 1.8% 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 Boroondara - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201913,699+1.811,35413,8880.82
201813,460+2.911,45213,7230.83
201713,075+3.011,22113,3980.84
201612,689+3.610,95913,0180.84
201512,247+1.110,82512,7700.85
201412,109+1.010,89812,9020.84
201311,989+0.710,99112,9930.85
201211,905+1.710,77912,7920.84
201111,711+0.310,53712,7880.82
201011,676+2.810,39912,7260.82
200911,354+2.29,86712,3810.80
200811,104+1.39,48212,2540.77
200710,967+1.58,97511,7990.76
200610,805-0.78,78111,4230.77
200510,876+1.78,51611,0530.77
200410,693+1.38,09310,5270.77
200310,552+4.77,99210,3640.77
200210,078+4.67,96210,1700.78
20019,632--7,5019,4970.79

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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

City of Boroondara - Gross Regional Product
City of Boroondara - Gross Regional Product 2001, Resident GRP: 9,497 million 2002, Resident GRP: 10,170 million 2003, Resident GRP: 10,364 million 2004, Resident GRP: 10,527 million 2005, Resident GRP: 11,053 million 2006, Resident GRP: 11,423 million 2007, Resident GRP: 11,799 million 2008, Resident GRP: 12,254 million 2009, Resident GRP: 12,381 million 2010, Resident GRP: 12,726 million 2011, Resident GRP: 12,788 million 2012, Resident GRP: 12,792 million 2013, Resident GRP: 12,993 million 2014, Resident GRP: 12,902 million 2015, Resident GRP: 12,770 million 2016, Resident GRP: 13,018 million 2017, Resident GRP: 13,398 million 2018, Resident GRP: 13,723 million 2019, Resident GRP: 13,888 million 2001, Industry GRP: 7,501 million 2002, Industry GRP: 7,962 million 2003, Industry GRP: 7,992 million 2004, Industry GRP: 8,093 million 2005, Industry GRP: 8,516 million 2006, Industry GRP: 8,781 million 2007, Industry GRP: 8,975 million 2008, Industry GRP: 9,482 million 2009, Industry GRP: 9,867 million 2010, Industry GRP: 10,399 million 2011, Industry GRP: 10,537 million 2012, Industry GRP: 10,779 million 2013, Industry GRP: 10,991 million 2014, Industry GRP: 10,898 million 2015, Industry GRP: 10,825 million 2016, Industry GRP: 10,959 million 2017, Industry GRP: 11,221 million 2018, Industry GRP: 11,452 million 2019, Industry GRP: 11,354 million 2001, Headline GRP: 9,632 million 2002, Headline GRP: 10,078 million 2003, Headline GRP: 10,552 million 2004, Headline GRP: 10,693 million 2005, Headline GRP: 10,876 million 2006, Headline GRP: 10,805 million 2007, Headline GRP: 10,967 million 2008, Headline GRP: 11,104 million 2009, Headline GRP: 11,354 million 2010, Headline GRP: 11,676 million 2011, Headline GRP: 11,711 million 2012, Headline GRP: 11,905 million 2013, Headline GRP: 11,989 million 2014, Headline GRP: 12,109 million 2015, Headline GRP: 12,247 million 2016, Headline GRP: 12,689 million 2017, Headline GRP: 13,075 million 2018, Headline GRP: 13,460 million 2019, Headline GRP: 13,699 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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