City of Canterbury BankstownEconomic profile
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City of Canterbury Bankstown

Gross Regional Product

City of Canterbury Bankstown’s Gross Regional Product was $15.18 billion in the year ending June 2017, declining -0.9% 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 Canterbury Bankstown - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201715,183-0.914,17817,1950.82
201615,318+4.614,13416,9730.83
201514,642+3.213,85116,5780.84
201414,194+1.813,24415,7380.84
201313,946+4.312,82315,0770.85
201213,373+2.012,71214,9340.85
201113,114+2.712,28514,3620.86
201012,775+1.611,55813,3690.86
200912,574-0.211,45813,1300.87
200812,596+0.711,51113,1300.88
200712,505-2.111,19312,7090.88
200612,777-1.811,19712,6160.89
200513,013+0.211,14812,6280.88
200412,985+0.410,73612,2010.88
200312,930+2.210,46811,8540.88
200212,649-0.610,38211,7800.88
200112,721--10,58511,9210.89

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 Canterbury Bankstown - Gross Regional Product
City of Canterbury Bankstown - Gross Regional Product 2001, Resident GRP: 11,921 million 2002, Resident GRP: 11,780 million 2003, Resident GRP: 11,854 million 2004, Resident GRP: 12,201 million 2005, Resident GRP: 12,628 million 2006, Resident GRP: 12,616 million 2007, Resident GRP: 12,709 million 2008, Resident GRP: 13,130 million 2009, Resident GRP: 13,130 million 2010, Resident GRP: 13,369 million 2011, Resident GRP: 14,362 million 2012, Resident GRP: 14,934 million 2013, Resident GRP: 15,077 million 2014, Resident GRP: 15,738 million 2015, Resident GRP: 16,578 million 2016, Resident GRP: 16,973 million 2017, Resident GRP: 17,195 million 2001, Industry GRP: 10,585 million 2002, Industry GRP: 10,382 million 2003, Industry GRP: 10,468 million 2004, Industry GRP: 10,736 million 2005, Industry GRP: 11,148 million 2006, Industry GRP: 11,197 million 2007, Industry GRP: 11,193 million 2008, Industry GRP: 11,511 million 2009, Industry GRP: 11,458 million 2010, Industry GRP: 11,558 million 2011, Industry GRP: 12,285 million 2012, Industry GRP: 12,712 million 2013, Industry GRP: 12,823 million 2014, Industry GRP: 13,244 million 2015, Industry GRP: 13,851 million 2016, Industry GRP: 14,134 million 2017, Industry GRP: 14,178 million 2001, Headline GRP: 12,721 million 2002, Headline GRP: 12,649 million 2003, Headline GRP: 12,930 million 2004, Headline GRP: 12,985 million 2005, Headline GRP: 13,013 million 2006, Headline GRP: 12,777 million 2007, Headline GRP: 12,505 million 2008, Headline GRP: 12,596 million 2009, Headline GRP: 12,574 million 2010, Headline GRP: 12,775 million 2011, Headline GRP: 13,114 million 2012, Headline GRP: 13,373 million 2013, Headline GRP: 13,946 million 2014, Headline GRP: 14,194 million 2015, Headline GRP: 14,642 million 2016, Headline GRP: 15,318 million 2017, Headline GRP: 15,183 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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