City of BoroondaraEconomic profile
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City of Boroondara

Gross Regional Product

City of Boroondara’s Gross Regional Product was $12.85 billion in the year ending June 2017, growing 2.1% 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
201712,847+2.110,67812,6180.85
201612,587+3.910,70312,6610.85
201512,115+2.610,71012,7270.84
201411,812+2.410,66212,6850.84
201311,534+0.710,46412,4340.84
201211,451+0.610,48012,4510.84
201111,386+2.410,48812,6060.83
201011,123+1.89,88912,1080.82
200910,921+0.19,86612,2470.81
200810,911+2.69,96112,5850.79
200710,633+4.89,19011,8680.77
200610,142+1.58,78411,3370.77
20059,997+1.28,48810,9470.78
20049,874+0.97,96310,3010.77
20039,791+4.07,6749,9280.77
20029,413+2.97,5739,7260.78
20019,148--7,5069,4500.79

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

City of Boroondara - Gross Regional Product
City of Boroondara - Gross Regional Product 2001, Resident GRP: 9,450 million 2002, Resident GRP: 9,726 million 2003, Resident GRP: 9,928 million 2004, Resident GRP: 10,301 million 2005, Resident GRP: 10,947 million 2006, Resident GRP: 11,337 million 2007, Resident GRP: 11,868 million 2008, Resident GRP: 12,585 million 2009, Resident GRP: 12,247 million 2010, Resident GRP: 12,108 million 2011, Resident GRP: 12,606 million 2012, Resident GRP: 12,451 million 2013, Resident GRP: 12,434 million 2014, Resident GRP: 12,685 million 2015, Resident GRP: 12,727 million 2016, Resident GRP: 12,661 million 2017, Resident GRP: 12,618 million 2001, Industry GRP: 7,506 million 2002, Industry GRP: 7,573 million 2003, Industry GRP: 7,674 million 2004, Industry GRP: 7,963 million 2005, Industry GRP: 8,488 million 2006, Industry GRP: 8,784 million 2007, Industry GRP: 9,190 million 2008, Industry GRP: 9,961 million 2009, Industry GRP: 9,866 million 2010, Industry GRP: 9,889 million 2011, Industry GRP: 10,488 million 2012, Industry GRP: 10,480 million 2013, Industry GRP: 10,464 million 2014, Industry GRP: 10,662 million 2015, Industry GRP: 10,710 million 2016, Industry GRP: 10,703 million 2017, Industry GRP: 10,678 million 2001, Headline GRP: 9,148 million 2002, Headline GRP: 9,413 million 2003, Headline GRP: 9,791 million 2004, Headline GRP: 9,874 million 2005, Headline GRP: 9,997 million 2006, Headline GRP: 10,142 million 2007, Headline GRP: 10,633 million 2008, Headline GRP: 10,911 million 2009, Headline GRP: 10,921 million 2010, Headline GRP: 11,123 million 2011, Headline GRP: 11,386 million 2012, Headline GRP: 11,451 million 2013, Headline GRP: 11,534 million 2014, Headline GRP: 11,812 million 2015, Headline GRP: 12,115 million 2016, Headline GRP: 12,587 million 2017, Headline GRP: 12,847 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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