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 $14.33 billion in the year ending June 2018, growing 0.2% 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
201814,326+0.213,10616,3060.80
201714,299+0.412,86615,8610.81
201614,249+3.812,71315,4810.82
201513,723+2.212,75515,1980.84
201413,429+2.312,21814,3070.85
201313,121+5.011,76413,7180.86
201212,502+2.311,71713,8780.84
201112,218+1.311,30913,3630.85
201012,056+0.910,69212,5380.85
200911,944+0.210,67212,4540.86
200811,917+1.810,73212,4910.86
200711,707-1.210,32711,8930.87
200611,851-1.910,24911,5870.88
200512,079-0.410,26011,5460.89
200412,13009,89311,3040.88
200312,128+2.19,63811,0480.87
200211,877-1.49,54610,9590.87
200112,044--9,82111,3140.87

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

City of Canterbury Bankstown - Gross Regional Product
City of Canterbury Bankstown - Gross Regional Product 2001, Resident GRP: 11,314 million 2002, Resident GRP: 10,959 million 2003, Resident GRP: 11,048 million 2004, Resident GRP: 11,304 million 2005, Resident GRP: 11,546 million 2006, Resident GRP: 11,587 million 2007, Resident GRP: 11,893 million 2008, Resident GRP: 12,491 million 2009, Resident GRP: 12,454 million 2010, Resident GRP: 12,538 million 2011, Resident GRP: 13,363 million 2012, Resident GRP: 13,878 million 2013, Resident GRP: 13,718 million 2014, Resident GRP: 14,307 million 2015, Resident GRP: 15,198 million 2016, Resident GRP: 15,481 million 2017, Resident GRP: 15,861 million 2018, Resident GRP: 16,306 million 2001, Industry GRP: 9,821 million 2002, Industry GRP: 9,546 million 2003, Industry GRP: 9,638 million 2004, Industry GRP: 9,893 million 2005, Industry GRP: 10,260 million 2006, Industry GRP: 10,249 million 2007, Industry GRP: 10,327 million 2008, Industry GRP: 10,732 million 2009, Industry GRP: 10,672 million 2010, Industry GRP: 10,692 million 2011, Industry GRP: 11,309 million 2012, Industry GRP: 11,717 million 2013, Industry GRP: 11,764 million 2014, Industry GRP: 12,218 million 2015, Industry GRP: 12,755 million 2016, Industry GRP: 12,713 million 2017, Industry GRP: 12,866 million 2018, Industry GRP: 13,106 million 2001, Headline GRP: 12,044 million 2002, Headline GRP: 11,877 million 2003, Headline GRP: 12,128 million 2004, Headline GRP: 12,130 million 2005, Headline GRP: 12,079 million 2006, Headline GRP: 11,851 million 2007, Headline GRP: 11,707 million 2008, Headline GRP: 11,917 million 2009, Headline GRP: 11,944 million 2010, Headline GRP: 12,056 million 2011, Headline GRP: 12,218 million 2012, Headline GRP: 12,502 million 2013, Headline GRP: 13,121 million 2014, Headline GRP: 13,429 million 2015, Headline GRP: 13,723 million 2016, Headline GRP: 14,249 million 2017, Headline GRP: 14,299 million 2018, Headline GRP: 14,326 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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