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City of Monash

Gross product

The City of Monash's Gross Regional Product was $18,276m as of the 30th June 2020.

The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2002.

Gross Regional Product
Gross Regional Product 2020, City of Monash: $18,276 million 2019, City of Monash: $18,383 million 2018, City of Monash: $17,557 million 2017, City of Monash: $16,824 million 2016, City of Monash: $16,198 million 2015, City of Monash: $15,549 million 2014, City of Monash: $15,205 million 2013, City of Monash: $14,900 million 2012, City of Monash: $14,816 million 2011, City of Monash: $14,576 million 2010, City of Monash: $14,033 million 2009, City of Monash: $13,991 million 2008, City of Monash: $13,995 million 2007, City of Monash: $13,744 million 2006, City of Monash: $13,633 million 2005, City of Monash: $13,366 million 2004, City of Monash: $12,892 million 2003, City of Monash: $12,577 million 2002, City of Monash: $12,151 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2020, Victoria: 163.3% 2019, Victoria: 163.5% 2018, Victoria: 158.1% 2017, Victoria: 152.7% 2016, Victoria: 146.7% 2015, Victoria: 141.8% 2014, Victoria: 138.2% 2013, Victoria: 135.6% 2012, Victoria: 134.5% 2011, Victoria: 131.7% 2010, Victoria: 128.2% 2009, Victoria: 126.6% 2008, Victoria: 124.9% 2007, Victoria: 120.7% 2006, Victoria: 117.7% 2005, Victoria: 115.1% 2004, Victoria: 111.5% 2003, Victoria: 107.8% 2002, Victoria: 104.6% 2001, Victoria: 100.0% 2020, City of Monash: 153.4% 2019, City of Monash: 154.3% 2018, City of Monash: 147.4% 2017, City of Monash: 141.2% 2016, City of Monash: 136.0% 2015, City of Monash: 130.5% 2014, City of Monash: 127.6% 2013, City of Monash: 125.1% 2012, City of Monash: 124.4% 2011, City of Monash: 122.3% 2010, City of Monash: 117.8% 2009, City of Monash: 117.4% 2008, City of Monash: 117.5% 2007, City of Monash: 115.4% 2006, City of Monash: 114.4% 2005, City of Monash: 112.2% 2004, City of Monash: 108.2% 2003, City of Monash: 105.6% 2002, City of Monash: 102.0% 2001, City of Monash: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
City of MonashVictoria
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeCity of Monash as a % of Victoria
202018,276-0.6153.4463,242-0.1163.33.95
201918,383+4.7154.3463,832+3.4163.53.96
201817,557+4.4147.4448,417+3.5158.13.92
201716,824+3.9141.2433,181+4.1152.73.88
201616,198+4.2136.0416,125+3.4146.73.89
201515,549+2.3130.5402,269+2.6141.83.87
201415,205+2.0127.6392,142+1.9138.23.88
201314,900+0.6125.1384,859+0.8135.63.87
201214,816+1.6124.4381,626+2.1134.53.88
201114,576+3.9122.3373,667+2.8131.73.90
201014,033+0.3117.8363,659+1.2128.23.86
200913,9910•••117.4359,214+1.4126.63.90
200813,995+1.8117.5354,265+3.4124.93.95
200713,744+0.8115.4342,471+2.6120.74.01
200613,633+2.0114.4333,844+2.2117.74.08
200513,366+3.7112.2326,665+3.3115.14.09
200412,892+2.5108.2316,221+3.4111.54.08
200312,577+3.5105.6305,794+3.0107.84.11
200212,151+2.0102.0296,842+4.6104.64.09
200111,914--100.0283,718--100.04.20

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions)

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2020, Average annual growth rate: 2.3% 2019, Average annual growth rate: 2.3% 2018, Average annual growth rate: 2.3% 2017, Average annual growth rate: 2.3% 2016, Average annual growth rate: 2.3% 2015, Average annual growth rate: 2.3% 2014, Average annual growth rate: 2.3% 2013, Average annual growth rate: 2.3% 2012, Average annual growth rate: 2.3% 2011, Average annual growth rate: 2.3% 2010, Average annual growth rate: 2.3% 2009, Average annual growth rate: 2.3% 2008, Average annual growth rate: 2.3% 2007, Average annual growth rate: 2.3% 2006, Average annual growth rate: 2.3% 2005, Average annual growth rate: 2.3% 2004, Average annual growth rate: 2.3% 2003, Average annual growth rate: 2.3% 2020, Victoria: -0.1% 2019, Victoria: 3.4% 2018, Victoria: 3.5% 2017, Victoria: 4.1% 2016, Victoria: 3.4% 2015, Victoria: 2.6% 2014, Victoria: 1.9% 2013, Victoria: 0.8% 2012, Victoria: 2.1% 2011, Victoria: 2.8% 2010, Victoria: 1.2% 2009, Victoria: 1.4% 2008, Victoria: 3.4% 2007, Victoria: 2.6% 2006, Victoria: 2.2% 2005, Victoria: 3.3% 2004, Victoria: 3.4% 2003, Victoria: 3.0% 2020, City of Monash: -0.6% 2019, City of Monash: 4.7% 2018, City of Monash: 4.4% 2017, City of Monash: 3.9% 2016, City of Monash: 4.2% 2015, City of Monash: 2.3% 2014, City of Monash: 2.0% 2013, City of Monash: 0.6% 2012, City of Monash: 1.6% 2011, City of Monash: 3.9% 2010, City of Monash: 0.3% 2009, City of Monash: 0.0% 2008, City of Monash: 1.8% 2007, City of Monash: 0.8% 2006, City of Monash: 2.0% 2005, City of Monash: 3.7% 2004, City of Monash: 2.5% 2003, City of Monash: 3.5%
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
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