City of MaribyrnongEconomic profile
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Maribyrnong City

Gross Regional Product

Maribyrnong City’s Gross Regional Product was $5.30 billion in the year ending June 2018, declining -0.1% 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 City. 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

Maribyrnong City - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20185,297-0.13,7114,2820.87
20175,302+2.13,7414,2760.87
20165,192+6.13,7634,2720.88
20154,893+1.23,8074,3390.88
20144,834+3.93,8184,2020.91
20134,651+4.13,6683,9730.92
20124,467+2.03,5753,8700.92
20114,381+1.13,4953,6940.95
20104,333+0.43,3253,3970.98
20094,318+1.63,3053,2901.00
20084,249+3.73,2593,1941.02
20074,096+2.83,0272,8721.05
20063,985+0.92,8622,6781.07
20053,949+2.82,7962,5551.09
20043,840+2.82,7212,3761.15
20033,736+4.52,6442,2291.19
20023,574+4.12,5532,1201.20
20013,433--2,4451,9331.27

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

Maribyrnong City - Gross Regional Product
Maribyrnong City - Gross Regional Product 2001, Resident GRP: 1,933 million 2002, Resident GRP: 2,120 million 2003, Resident GRP: 2,229 million 2004, Resident GRP: 2,376 million 2005, Resident GRP: 2,555 million 2006, Resident GRP: 2,678 million 2007, Resident GRP: 2,872 million 2008, Resident GRP: 3,194 million 2009, Resident GRP: 3,290 million 2010, Resident GRP: 3,397 million 2011, Resident GRP: 3,694 million 2012, Resident GRP: 3,870 million 2013, Resident GRP: 3,973 million 2014, Resident GRP: 4,202 million 2015, Resident GRP: 4,339 million 2016, Resident GRP: 4,272 million 2017, Resident GRP: 4,276 million 2018, Resident GRP: 4,282 million 2001, Industry GRP: 2,445 million 2002, Industry GRP: 2,553 million 2003, Industry GRP: 2,644 million 2004, Industry GRP: 2,721 million 2005, Industry GRP: 2,796 million 2006, Industry GRP: 2,862 million 2007, Industry GRP: 3,027 million 2008, Industry GRP: 3,259 million 2009, Industry GRP: 3,305 million 2010, Industry GRP: 3,325 million 2011, Industry GRP: 3,495 million 2012, Industry GRP: 3,575 million 2013, Industry GRP: 3,668 million 2014, Industry GRP: 3,818 million 2015, Industry GRP: 3,807 million 2016, Industry GRP: 3,763 million 2017, Industry GRP: 3,741 million 2018, Industry GRP: 3,711 million 2001, Headline GRP: 3,433 million 2002, Headline GRP: 3,574 million 2003, Headline GRP: 3,736 million 2004, Headline GRP: 3,840 million 2005, Headline GRP: 3,949 million 2006, Headline GRP: 3,985 million 2007, Headline GRP: 4,096 million 2008, Headline GRP: 4,249 million 2009, Headline GRP: 4,318 million 2010, Headline GRP: 4,333 million 2011, Headline GRP: 4,381 million 2012, Headline GRP: 4,467 million 2013, Headline GRP: 4,651 million 2014, Headline GRP: 4,834 million 2015, Headline GRP: 4,893 million 2016, Headline GRP: 5,192 million 2017, Headline GRP: 5,302 million 2018, Headline GRP: 5,297 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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