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Burwood Council area

Gross Regional Product

Burwood Council area’s Gross Regional Product was $2.69 billion in the year ending June 2018, growing 2.7% 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

Burwood 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
20182,691+2.72,3532,2781.03
20172,620+2.72,2682,1941.03
20162,552-0.12,1972,1251.03
20152,554+3.92,2312,0811.07
20142,459+2.22,1441,9861.08
20132,406+1.92,0871,9031.10
20122,362+0.72,1551,9321.12
20112,346+1.12,0911,8501.13
20102,32101,9801,7071.16
20092,320+0.51,9531,7101.14
20082,309+0.91,9951,7331.15
20072,288+0.91,9171,6361.17
20062,268+0.21,8681,5781.18
20052,263+0.61,8561,5431.20
20042,251+2.51,7351,4531.19
20032,195+0.21,6591,3951.19
20022,191-0.41,6371,3551.21
20012,201--1,6521,3621.21

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

Burwood Council area - Gross Regional Product
Burwood Council area - Gross Regional Product 2001, Resident GRP: 1,362 million 2002, Resident GRP: 1,355 million 2003, Resident GRP: 1,395 million 2004, Resident GRP: 1,453 million 2005, Resident GRP: 1,543 million 2006, Resident GRP: 1,578 million 2007, Resident GRP: 1,636 million 2008, Resident GRP: 1,733 million 2009, Resident GRP: 1,710 million 2010, Resident GRP: 1,707 million 2011, Resident GRP: 1,850 million 2012, Resident GRP: 1,932 million 2013, Resident GRP: 1,903 million 2014, Resident GRP: 1,986 million 2015, Resident GRP: 2,081 million 2016, Resident GRP: 2,125 million 2017, Resident GRP: 2,194 million 2018, Resident GRP: 2,278 million 2001, Industry GRP: 1,652 million 2002, Industry GRP: 1,637 million 2003, Industry GRP: 1,659 million 2004, Industry GRP: 1,735 million 2005, Industry GRP: 1,856 million 2006, Industry GRP: 1,868 million 2007, Industry GRP: 1,917 million 2008, Industry GRP: 1,995 million 2009, Industry GRP: 1,953 million 2010, Industry GRP: 1,980 million 2011, Industry GRP: 2,091 million 2012, Industry GRP: 2,155 million 2013, Industry GRP: 2,087 million 2014, Industry GRP: 2,144 million 2015, Industry GRP: 2,231 million 2016, Industry GRP: 2,197 million 2017, Industry GRP: 2,268 million 2018, Industry GRP: 2,353 million 2001, Headline GRP: 2,201 million 2002, Headline GRP: 2,191 million 2003, Headline GRP: 2,195 million 2004, Headline GRP: 2,251 million 2005, Headline GRP: 2,263 million 2006, Headline GRP: 2,268 million 2007, Headline GRP: 2,288 million 2008, Headline GRP: 2,309 million 2009, Headline GRP: 2,320 million 2010, Headline GRP: 2,321 million 2011, Headline GRP: 2,346 million 2012, Headline GRP: 2,362 million 2013, Headline GRP: 2,406 million 2014, Headline GRP: 2,459 million 2015, Headline GRP: 2,554 million 2016, Headline GRP: 2,552 million 2017, Headline GRP: 2,620 million 2018, Headline GRP: 2,691 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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