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Northern Beaches Council area

Gross Regional Product

Northern Beaches Council area’s Gross Regional Product was $16.73 billion in the year ending June 2019, growing 2.3% 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

Northern Beaches 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
201916,728+2.315,67322,1870.71
201816,358+0.215,48522,1070.70
201716,331+1.815,28321,6820.70
201616,041+4.815,06521,3450.71
201515,312+2.514,62920,8710.70
201414,943+2.214,41420,3270.71
201314,625+2.214,29319,9300.72
201214,317+1.514,02719,7150.71
201114,106+2.113,84019,3140.72
201013,809+1.413,59418,7200.73
200913,616-1.213,15518,1280.73
200813,789+2.812,86618,0350.71
200713,417+1.112,17017,2460.71
200613,272+0.111,94316,7670.71
200513,254+0.611,75816,4280.72
200413,180+2.311,31415,6210.72
200312,883+2.511,13815,0760.74
200212,573+1.111,04314,8560.74
200112,436--10,66914,4000.74

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

Northern Beaches Council area - Gross Regional Product
Northern Beaches Council area - Gross Regional Product 2001, Resident GRP: 14,400 million 2002, Resident GRP: 14,856 million 2003, Resident GRP: 15,076 million 2004, Resident GRP: 15,621 million 2005, Resident GRP: 16,428 million 2006, Resident GRP: 16,767 million 2007, Resident GRP: 17,246 million 2008, Resident GRP: 18,035 million 2009, Resident GRP: 18,128 million 2010, Resident GRP: 18,720 million 2011, Resident GRP: 19,314 million 2012, Resident GRP: 19,715 million 2013, Resident GRP: 19,930 million 2014, Resident GRP: 20,327 million 2015, Resident GRP: 20,871 million 2016, Resident GRP: 21,345 million 2017, Resident GRP: 21,682 million 2018, Resident GRP: 22,107 million 2019, Resident GRP: 22,187 million 2001, Industry GRP: 10,669 million 2002, Industry GRP: 11,043 million 2003, Industry GRP: 11,138 million 2004, Industry GRP: 11,314 million 2005, Industry GRP: 11,758 million 2006, Industry GRP: 11,943 million 2007, Industry GRP: 12,170 million 2008, Industry GRP: 12,866 million 2009, Industry GRP: 13,155 million 2010, Industry GRP: 13,594 million 2011, Industry GRP: 13,840 million 2012, Industry GRP: 14,027 million 2013, Industry GRP: 14,293 million 2014, Industry GRP: 14,414 million 2015, Industry GRP: 14,629 million 2016, Industry GRP: 15,065 million 2017, Industry GRP: 15,283 million 2018, Industry GRP: 15,485 million 2019, Industry GRP: 15,673 million 2001, Headline GRP: 12,436 million 2002, Headline GRP: 12,573 million 2003, Headline GRP: 12,883 million 2004, Headline GRP: 13,180 million 2005, Headline GRP: 13,254 million 2006, Headline GRP: 13,272 million 2007, Headline GRP: 13,417 million 2008, Headline GRP: 13,789 million 2009, Headline GRP: 13,616 million 2010, Headline GRP: 13,809 million 2011, Headline GRP: 14,106 million 2012, Headline GRP: 14,317 million 2013, Headline GRP: 14,625 million 2014, Headline GRP: 14,943 million 2015, Headline GRP: 15,312 million 2016, Headline GRP: 16,041 million 2017, Headline GRP: 16,331 million 2018, Headline GRP: 16,358 million 2019, Headline GRP: 16,728 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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