Inner West CouncilEconomic profile
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Inner West Council area

Gross Regional Product

Inner West Council area’s Gross Regional Product was $10.41 billion in the year ending June 2018, declining -0.8% 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 Council. 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

Inner West Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201810,415-0.810,10216,3060.62
201710,499+0.79,99915,6000.64
201610,424+5.19,81615,0540.65
20159,921+3.39,63414,9820.64
20149,604+2.69,16514,3220.64
20139,365+2.68,76813,7360.64
20129,124+0.88,92614,0190.64
20119,051+2.38,79813,5960.65
20108,851+2.18,25512,6430.65
20098,671+2.38,18512,4360.66
20088,479+3.18,14712,3780.66
20078,222+1.97,67311,6150.66
20068,068+0.37,42611,0330.67
20058,041+0.87,29710,7610.68
20047,978+2.36,99010,1780.69
20037,796+2.06,6519,7200.68
20027,645+1.06,5269,6110.68
20017,572--6,5379,5640.68

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

Inner West Council area - Gross Regional Product
Inner West Council area - Gross Regional Product 2001, Resident GRP: 9,564 million 2002, Resident GRP: 9,611 million 2003, Resident GRP: 9,720 million 2004, Resident GRP: 10,178 million 2005, Resident GRP: 10,761 million 2006, Resident GRP: 11,033 million 2007, Resident GRP: 11,615 million 2008, Resident GRP: 12,378 million 2009, Resident GRP: 12,436 million 2010, Resident GRP: 12,643 million 2011, Resident GRP: 13,596 million 2012, Resident GRP: 14,019 million 2013, Resident GRP: 13,736 million 2014, Resident GRP: 14,322 million 2015, Resident GRP: 14,982 million 2016, Resident GRP: 15,054 million 2017, Resident GRP: 15,600 million 2018, Resident GRP: 16,306 million 2001, Industry GRP: 6,537 million 2002, Industry GRP: 6,526 million 2003, Industry GRP: 6,651 million 2004, Industry GRP: 6,990 million 2005, Industry GRP: 7,297 million 2006, Industry GRP: 7,426 million 2007, Industry GRP: 7,673 million 2008, Industry GRP: 8,147 million 2009, Industry GRP: 8,185 million 2010, Industry GRP: 8,255 million 2011, Industry GRP: 8,798 million 2012, Industry GRP: 8,926 million 2013, Industry GRP: 8,768 million 2014, Industry GRP: 9,165 million 2015, Industry GRP: 9,634 million 2016, Industry GRP: 9,816 million 2017, Industry GRP: 9,999 million 2018, Industry GRP: 10,102 million 2001, Headline GRP: 7,572 million 2002, Headline GRP: 7,645 million 2003, Headline GRP: 7,796 million 2004, Headline GRP: 7,978 million 2005, Headline GRP: 8,041 million 2006, Headline GRP: 8,068 million 2007, Headline GRP: 8,222 million 2008, Headline GRP: 8,479 million 2009, Headline GRP: 8,671 million 2010, Headline GRP: 8,851 million 2011, Headline GRP: 9,051 million 2012, Headline GRP: 9,124 million 2013, Headline GRP: 9,365 million 2014, Headline GRP: 9,604 million 2015, Headline GRP: 9,921 million 2016, Headline GRP: 10,424 million 2017, Headline GRP: 10,499 million 2018, Headline GRP: 10,415 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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