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Inner West Council area

Gross Regional Product

Inner West Council area’s Gross Regional Product was $10.94 billion in the year ending June 2019, growing 0.2% 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 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
201910,936+0.210,04916,5110.61
201810,911-0.110,01816,2270.62
201710,920+2.410,12215,8030.64
201610,666+4.09,91915,2540.65
201510,252+2.79,53214,9420.64
20149,982+2.89,33814,5520.64
20139,715+2.69,10414,2180.64
20129,469+1.88,90614,1610.63
20119,298+0.78,74213,6930.64
20109,231+2.78,54213,0860.65
20098,987+2.08,18112,5830.65
20088,813+2.68,02612,3500.65
20078,589+1.67,67711,7340.65
20068,454-0.77,46911,1970.67
20058,509+0.77,39911,0010.67
20048,447+3.07,14010,4500.68
20038,201+4.16,91310,0670.69
20027,876+1.56,6199,7890.68
20017,758--6,3779,5000.67

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

Inner West Council area - Gross Regional Product
Inner West Council area - Gross Regional Product 2001, Resident GRP: 9,500 million 2002, Resident GRP: 9,789 million 2003, Resident GRP: 10,067 million 2004, Resident GRP: 10,450 million 2005, Resident GRP: 11,001 million 2006, Resident GRP: 11,197 million 2007, Resident GRP: 11,734 million 2008, Resident GRP: 12,350 million 2009, Resident GRP: 12,583 million 2010, Resident GRP: 13,086 million 2011, Resident GRP: 13,693 million 2012, Resident GRP: 14,161 million 2013, Resident GRP: 14,218 million 2014, Resident GRP: 14,552 million 2015, Resident GRP: 14,942 million 2016, Resident GRP: 15,254 million 2017, Resident GRP: 15,803 million 2018, Resident GRP: 16,227 million 2019, Resident GRP: 16,511 million 2001, Industry GRP: 6,377 million 2002, Industry GRP: 6,619 million 2003, Industry GRP: 6,913 million 2004, Industry GRP: 7,140 million 2005, Industry GRP: 7,399 million 2006, Industry GRP: 7,469 million 2007, Industry GRP: 7,677 million 2008, Industry GRP: 8,026 million 2009, Industry GRP: 8,181 million 2010, Industry GRP: 8,542 million 2011, Industry GRP: 8,742 million 2012, Industry GRP: 8,906 million 2013, Industry GRP: 9,104 million 2014, Industry GRP: 9,338 million 2015, Industry GRP: 9,532 million 2016, Industry GRP: 9,919 million 2017, Industry GRP: 10,122 million 2018, Industry GRP: 10,018 million 2019, Industry GRP: 10,049 million 2001, Headline GRP: 7,758 million 2002, Headline GRP: 7,876 million 2003, Headline GRP: 8,201 million 2004, Headline GRP: 8,447 million 2005, Headline GRP: 8,509 million 2006, Headline GRP: 8,454 million 2007, Headline GRP: 8,589 million 2008, Headline GRP: 8,813 million 2009, Headline GRP: 8,987 million 2010, Headline GRP: 9,231 million 2011, Headline GRP: 9,298 million 2012, Headline GRP: 9,469 million 2013, Headline GRP: 9,715 million 2014, Headline GRP: 9,982 million 2015, Headline GRP: 10,252 million 2016, Headline GRP: 10,666 million 2017, Headline GRP: 10,920 million 2018, Headline GRP: 10,911 million 2019, Headline GRP: 10,936 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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