City of MonashEconomic profile
Skip to content

City of Monash

Gross Regional Product

City of Monash’s Gross Regional Product was $16.84 billion in the year ending June 2018, growing 2.8% 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 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

City of Monash - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201816,837+2.812,0289,2391.30
201716,384+3.011,9029,1121.31
201615,899+4.711,9449,1531.30
201515,190+3.911,8239,1591.29
201414,620+4.611,6919,1641.28
201313,982+0.311,3469,0041.26
201213,946+1.011,3369,0661.25
201113,804+2.711,1718,8821.26
201013,445+0.810,5368,2651.27
200913,336+0.410,5128,1701.29
200813,286+2.710,5868,1121.31
200712,935+1.49,9297,5531.31
200612,754+1.79,4617,2171.31
200512,536+3.39,2627,0171.32
200412,134+3.29,0006,7211.34
200311,760+4.08,7856,6211.33
200211,308+2.98,5376,5121.31
200110,995--8,1986,3161.30

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

City of Monash - Gross Regional Product
City of Monash - Gross Regional Product 2001, Resident GRP: 6,316 million 2002, Resident GRP: 6,512 million 2003, Resident GRP: 6,621 million 2004, Resident GRP: 6,721 million 2005, Resident GRP: 7,017 million 2006, Resident GRP: 7,217 million 2007, Resident GRP: 7,553 million 2008, Resident GRP: 8,112 million 2009, Resident GRP: 8,170 million 2010, Resident GRP: 8,265 million 2011, Resident GRP: 8,882 million 2012, Resident GRP: 9,066 million 2013, Resident GRP: 9,004 million 2014, Resident GRP: 9,164 million 2015, Resident GRP: 9,159 million 2016, Resident GRP: 9,153 million 2017, Resident GRP: 9,112 million 2018, Resident GRP: 9,239 million 2001, Industry GRP: 8,198 million 2002, Industry GRP: 8,537 million 2003, Industry GRP: 8,785 million 2004, Industry GRP: 9,000 million 2005, Industry GRP: 9,262 million 2006, Industry GRP: 9,461 million 2007, Industry GRP: 9,929 million 2008, Industry GRP: 10,586 million 2009, Industry GRP: 10,512 million 2010, Industry GRP: 10,536 million 2011, Industry GRP: 11,171 million 2012, Industry GRP: 11,336 million 2013, Industry GRP: 11,346 million 2014, Industry GRP: 11,691 million 2015, Industry GRP: 11,823 million 2016, Industry GRP: 11,944 million 2017, Industry GRP: 11,902 million 2018, Industry GRP: 12,028 million 2001, Headline GRP: 10,995 million 2002, Headline GRP: 11,308 million 2003, Headline GRP: 11,760 million 2004, Headline GRP: 12,134 million 2005, Headline GRP: 12,536 million 2006, Headline GRP: 12,754 million 2007, Headline GRP: 12,935 million 2008, Headline GRP: 13,286 million 2009, Headline GRP: 13,336 million 2010, Headline GRP: 13,445 million 2011, Headline GRP: 13,804 million 2012, Headline GRP: 13,946 million 2013, Headline GRP: 13,982 million 2014, Headline GRP: 14,620 million 2015, Headline GRP: 15,190 million 2016, Headline GRP: 15,899 million 2017, Headline GRP: 16,384 million 2018, Headline GRP: 16,837 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v18.09.24-1.0.0