City of Glen EiraEconomic profile
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City of Glen Eira

Gross Regional Product

City of Glen Eira’s Gross Regional Product was $6.72 billion in the year ending June 2018, growing 3.6% 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 Glen Eira - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20186,718+3.65,7028,8260.65
20176,487+1.65,6618,7840.64
20166,384+5.95,7088,9130.64
20156,031+1.85,5688,8960.63
20145,922+1.95,5448,9020.62
20135,812-0.85,4348,7270.62
20125,861+1.25,4698,7110.63
20115,792+4.55,4108,5360.63
20105,543+1.35,0718,0330.63
20095,473+2.65,0377,9820.63
20085,333+7.24,9937,9410.63
20074,976+3.94,5607,3630.62
20064,791+2.34,3206,9970.62
20054,683+1.74,1666,7870.61
20044,603+2.13,9856,4300.62
20034,509+2.83,8526,1750.62
20024,385+2.83,7796,0170.63
20014,265--3,6805,7440.64

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 Glen Eira - Gross Regional Product
City of Glen Eira - Gross Regional Product 2001, Resident GRP: 5,744 million 2002, Resident GRP: 6,017 million 2003, Resident GRP: 6,175 million 2004, Resident GRP: 6,430 million 2005, Resident GRP: 6,787 million 2006, Resident GRP: 6,997 million 2007, Resident GRP: 7,363 million 2008, Resident GRP: 7,941 million 2009, Resident GRP: 7,982 million 2010, Resident GRP: 8,033 million 2011, Resident GRP: 8,536 million 2012, Resident GRP: 8,711 million 2013, Resident GRP: 8,727 million 2014, Resident GRP: 8,902 million 2015, Resident GRP: 8,896 million 2016, Resident GRP: 8,913 million 2017, Resident GRP: 8,784 million 2018, Resident GRP: 8,826 million 2001, Industry GRP: 3,680 million 2002, Industry GRP: 3,779 million 2003, Industry GRP: 3,852 million 2004, Industry GRP: 3,985 million 2005, Industry GRP: 4,166 million 2006, Industry GRP: 4,320 million 2007, Industry GRP: 4,560 million 2008, Industry GRP: 4,993 million 2009, Industry GRP: 5,037 million 2010, Industry GRP: 5,071 million 2011, Industry GRP: 5,410 million 2012, Industry GRP: 5,469 million 2013, Industry GRP: 5,434 million 2014, Industry GRP: 5,544 million 2015, Industry GRP: 5,568 million 2016, Industry GRP: 5,708 million 2017, Industry GRP: 5,661 million 2018, Industry GRP: 5,702 million 2001, Headline GRP: 4,265 million 2002, Headline GRP: 4,385 million 2003, Headline GRP: 4,509 million 2004, Headline GRP: 4,603 million 2005, Headline GRP: 4,683 million 2006, Headline GRP: 4,791 million 2007, Headline GRP: 4,976 million 2008, Headline GRP: 5,333 million 2009, Headline GRP: 5,473 million 2010, Headline GRP: 5,543 million 2011, Headline GRP: 5,792 million 2012, Headline GRP: 5,861 million 2013, Headline GRP: 5,812 million 2014, Headline GRP: 5,922 million 2015, Headline GRP: 6,031 million 2016, Headline GRP: 6,384 million 2017, Headline GRP: 6,487 million 2018, Headline GRP: 6,718 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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