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Town of Victoria Park

Gross Regional Product

Town of Victoria Park’s Gross Regional Product was $5.18 billion in the year ending June 2019, declining -5.5% 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

Town of Victoria Park - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20195,181-5.53,9452,4981.58
20185,481+2.34,0752,5161.62
20175,355-2.33,9512,4591.61
20165,481+1.53,8972,4781.57
20155,400+6.53,8622,4781.56
20145,073+1.53,6662,4061.52
20134,997-1.03,6522,3731.54
20125,050+21.03,4892,2811.53
20114,172+5.93,1862,1171.50
20103,940+4.32,9051,9161.52
20093,777+1.22,8111,8261.54
20083,734+11.22,7091,6871.61
20073,359+13.62,4531,4881.65
20062,956+5.02,0961,3371.57
20052,817+1.92,0881,2681.65
20042,765+6.42,1191,1911.78
20032,598+11.12,0041,1121.80
20022,340+6.31,9721,0741.84
20012,201--1,7809711.83

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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

Town of Victoria Park - Gross Regional Product
Town of Victoria Park - Gross Regional Product 2001, Resident GRP: 971 million 2002, Resident GRP: 1,074 million 2003, Resident GRP: 1,112 million 2004, Resident GRP: 1,191 million 2005, Resident GRP: 1,268 million 2006, Resident GRP: 1,337 million 2007, Resident GRP: 1,488 million 2008, Resident GRP: 1,687 million 2009, Resident GRP: 1,826 million 2010, Resident GRP: 1,916 million 2011, Resident GRP: 2,117 million 2012, Resident GRP: 2,281 million 2013, Resident GRP: 2,373 million 2014, Resident GRP: 2,406 million 2015, Resident GRP: 2,478 million 2016, Resident GRP: 2,478 million 2017, Resident GRP: 2,459 million 2018, Resident GRP: 2,516 million 2019, Resident GRP: 2,498 million 2001, Industry GRP: 1,780 million 2002, Industry GRP: 1,972 million 2003, Industry GRP: 2,004 million 2004, Industry GRP: 2,119 million 2005, Industry GRP: 2,088 million 2006, Industry GRP: 2,096 million 2007, Industry GRP: 2,453 million 2008, Industry GRP: 2,709 million 2009, Industry GRP: 2,811 million 2010, Industry GRP: 2,905 million 2011, Industry GRP: 3,186 million 2012, Industry GRP: 3,489 million 2013, Industry GRP: 3,652 million 2014, Industry GRP: 3,666 million 2015, Industry GRP: 3,862 million 2016, Industry GRP: 3,897 million 2017, Industry GRP: 3,951 million 2018, Industry GRP: 4,075 million 2019, Industry GRP: 3,945 million 2001, Headline GRP: 2,201 million 2002, Headline GRP: 2,340 million 2003, Headline GRP: 2,598 million 2004, Headline GRP: 2,765 million 2005, Headline GRP: 2,817 million 2006, Headline GRP: 2,956 million 2007, Headline GRP: 3,359 million 2008, Headline GRP: 3,734 million 2009, Headline GRP: 3,777 million 2010, Headline GRP: 3,940 million 2011, Headline GRP: 4,172 million 2012, Headline GRP: 5,050 million 2013, Headline GRP: 4,997 million 2014, Headline GRP: 5,073 million 2015, Headline GRP: 5,400 million 2016, Headline GRP: 5,481 million 2017, Headline GRP: 5,355 million 2018, Headline GRP: 5,481 million 2019, Headline GRP: 5,181 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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