Hornsby Shire CouncilEconomic profile
Skip to content

Hornsby Shire

Gross Regional Product

Hornsby Shire’s Gross Regional Product was $7.17 billion in the year ending June 2019, growing 0.4% 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 Shire. 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

Hornsby Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20197,174+0.46,54510,6380.62
20187,149-0.36,55310,4140.63
20177,171+2.76,54010,2900.64
20166,980+5.66,42610,2420.63
20156,613+0.96,30110,1370.62
20146,551+1.96,33410,0090.63
20136,427+2.66,2839,8560.64
20126,263-0.56,2019,8460.63
20116,296+2.46,1199,5830.64
20106,151+1.56,0029,2390.65
20096,061-1.05,8039,0500.64
20086,120+0.45,7849,0950.64
20076,096-0.25,6138,7570.64
20066,109-1.35,5408,5140.65
20056,188-1.75,4658,4750.64
20046,294+1.45,2318,2430.63
20036,209+2.15,1638,1580.63
20026,080+0.65,0808,0780.63
20016,044--4,9117,8220.63

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

Hornsby Shire - Gross Regional Product
Hornsby Shire - Gross Regional Product 2001, Resident GRP: 7,822 million 2002, Resident GRP: 8,078 million 2003, Resident GRP: 8,158 million 2004, Resident GRP: 8,243 million 2005, Resident GRP: 8,475 million 2006, Resident GRP: 8,514 million 2007, Resident GRP: 8,757 million 2008, Resident GRP: 9,095 million 2009, Resident GRP: 9,050 million 2010, Resident GRP: 9,239 million 2011, Resident GRP: 9,583 million 2012, Resident GRP: 9,846 million 2013, Resident GRP: 9,856 million 2014, Resident GRP: 10,009 million 2015, Resident GRP: 10,137 million 2016, Resident GRP: 10,242 million 2017, Resident GRP: 10,290 million 2018, Resident GRP: 10,414 million 2019, Resident GRP: 10,638 million 2001, Industry GRP: 4,911 million 2002, Industry GRP: 5,080 million 2003, Industry GRP: 5,163 million 2004, Industry GRP: 5,231 million 2005, Industry GRP: 5,465 million 2006, Industry GRP: 5,540 million 2007, Industry GRP: 5,613 million 2008, Industry GRP: 5,784 million 2009, Industry GRP: 5,803 million 2010, Industry GRP: 6,002 million 2011, Industry GRP: 6,119 million 2012, Industry GRP: 6,201 million 2013, Industry GRP: 6,283 million 2014, Industry GRP: 6,334 million 2015, Industry GRP: 6,301 million 2016, Industry GRP: 6,426 million 2017, Industry GRP: 6,540 million 2018, Industry GRP: 6,553 million 2019, Industry GRP: 6,545 million 2001, Headline GRP: 6,044 million 2002, Headline GRP: 6,080 million 2003, Headline GRP: 6,209 million 2004, Headline GRP: 6,294 million 2005, Headline GRP: 6,188 million 2006, Headline GRP: 6,109 million 2007, Headline GRP: 6,096 million 2008, Headline GRP: 6,120 million 2009, Headline GRP: 6,061 million 2010, Headline GRP: 6,151 million 2011, Headline GRP: 6,296 million 2012, Headline GRP: 6,263 million 2013, Headline GRP: 6,427 million 2014, Headline GRP: 6,551 million 2015, Headline GRP: 6,613 million 2016, Headline GRP: 6,980 million 2017, Headline GRP: 7,171 million 2018, Headline GRP: 7,149 million 2019, Headline GRP: 7,174 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v19.11.15-1.0.0