Grow South East (South East Metropolitan Region)Economic profile
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Grow South East (South East Metropolitan Region)

Gross Regional Product

Grow South East (South East Metropolitan Region)’s Gross Regional Product was $38.61 billion in the year ending June 2018, growing 9.2% 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 Region. 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

Grow South East (South East Metropolitan Region) - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201838,614+9.223,41324,2090.97
201735,377-1.623,71824,4960.97
201635,940-0.625,06725,9010.97
201536,158+2.326,89128,0850.96
201435,343+2.627,21028,7410.95
201334,450-0.727,14028,6380.95
201234,685+20.026,41327,9310.95
201128,914+5.824,13425,6990.94
201027,318+2.421,53123,0320.93
200926,665+0.721,69022,7440.95
200826,481+7.820,93121,6770.97
200724,560+10.018,92319,3590.98
200622,319+7.816,94417,4410.97
200520,695+4.616,12516,5910.97
200419,788+5.315,04415,4890.97
200318,800+11.014,12714,4970.97
200216,941+6.513,59513,9730.97
200115,900--12,47912,8310.97

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

Grow South East (South East Metropolitan Region) - Gross Regional Product
Grow South East (South East Metropolitan Region) - Gross Regional Product 2001, Resident GRP: 12,831 million 2002, Resident GRP: 13,973 million 2003, Resident GRP: 14,497 million 2004, Resident GRP: 15,489 million 2005, Resident GRP: 16,591 million 2006, Resident GRP: 17,441 million 2007, Resident GRP: 19,359 million 2008, Resident GRP: 21,677 million 2009, Resident GRP: 22,744 million 2010, Resident GRP: 23,032 million 2011, Resident GRP: 25,699 million 2012, Resident GRP: 27,931 million 2013, Resident GRP: 28,638 million 2014, Resident GRP: 28,741 million 2015, Resident GRP: 28,085 million 2016, Resident GRP: 25,901 million 2017, Resident GRP: 24,496 million 2018, Resident GRP: 24,209 million 2001, Industry GRP: 12,479 million 2002, Industry GRP: 13,595 million 2003, Industry GRP: 14,127 million 2004, Industry GRP: 15,044 million 2005, Industry GRP: 16,125 million 2006, Industry GRP: 16,944 million 2007, Industry GRP: 18,923 million 2008, Industry GRP: 20,931 million 2009, Industry GRP: 21,690 million 2010, Industry GRP: 21,531 million 2011, Industry GRP: 24,134 million 2012, Industry GRP: 26,413 million 2013, Industry GRP: 27,140 million 2014, Industry GRP: 27,210 million 2015, Industry GRP: 26,891 million 2016, Industry GRP: 25,067 million 2017, Industry GRP: 23,718 million 2018, Industry GRP: 23,413 million 2001, Headline GRP: 15,900 million 2002, Headline GRP: 16,941 million 2003, Headline GRP: 18,800 million 2004, Headline GRP: 19,788 million 2005, Headline GRP: 20,695 million 2006, Headline GRP: 22,319 million 2007, Headline GRP: 24,560 million 2008, Headline GRP: 26,481 million 2009, Headline GRP: 26,665 million 2010, Headline GRP: 27,318 million 2011, Headline GRP: 28,914 million 2012, Headline GRP: 34,685 million 2013, Headline GRP: 34,450 million 2014, Headline GRP: 35,343 million 2015, Headline GRP: 36,158 million 2016, Headline GRP: 35,940 million 2017, Headline GRP: 35,377 million 2018, Headline GRP: 38,614 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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