Northern Beaches CouncilEconomic profile
Skip to content

Northern Beaches Council area

Gross Regional Product

Northern Beaches Council area’s Gross Regional Product was $16.53 billion in the year ending June 2018, growing 1.3% 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
201816,527+1.316,27622,7160.72
201716,318+4.815,68621,8070.72
201615,563+5.515,01221,1840.71
201514,756+3.414,62420,8330.70
201414,276+2.714,19020,0400.71
201313,894+3.213,58819,1070.71
201213,466+0.813,80319,3260.71
201113,365+2.813,73519,0890.72
201013,007+0.713,01718,0300.72
200912,911-0.713,16518,0090.73
200813,007+3.113,30818,3640.72
200712,621+1.812,42317,3900.71
200612,402012,00316,7120.72
200512,401+0.311,80416,3450.72
200412,362+1.311,20715,3790.73
200312,207+2.210,82114,6390.74
200211,943-0.210,65614,3750.74
200111,967--10,87014,4580.75

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

Northern Beaches Council area - Gross Regional Product
Northern Beaches Council area - Gross Regional Product 2001, Resident GRP: 14,458 million 2002, Resident GRP: 14,375 million 2003, Resident GRP: 14,639 million 2004, Resident GRP: 15,379 million 2005, Resident GRP: 16,345 million 2006, Resident GRP: 16,712 million 2007, Resident GRP: 17,390 million 2008, Resident GRP: 18,364 million 2009, Resident GRP: 18,009 million 2010, Resident GRP: 18,030 million 2011, Resident GRP: 19,089 million 2012, Resident GRP: 19,326 million 2013, Resident GRP: 19,107 million 2014, Resident GRP: 20,040 million 2015, Resident GRP: 20,833 million 2016, Resident GRP: 21,184 million 2017, Resident GRP: 21,807 million 2018, Resident GRP: 22,716 million 2001, Industry GRP: 10,870 million 2002, Industry GRP: 10,656 million 2003, Industry GRP: 10,821 million 2004, Industry GRP: 11,207 million 2005, Industry GRP: 11,804 million 2006, Industry GRP: 12,003 million 2007, Industry GRP: 12,423 million 2008, Industry GRP: 13,308 million 2009, Industry GRP: 13,165 million 2010, Industry GRP: 13,017 million 2011, Industry GRP: 13,735 million 2012, Industry GRP: 13,803 million 2013, Industry GRP: 13,588 million 2014, Industry GRP: 14,190 million 2015, Industry GRP: 14,624 million 2016, Industry GRP: 15,012 million 2017, Industry GRP: 15,686 million 2018, Industry GRP: 16,276 million 2001, Headline GRP: 11,967 million 2002, Headline GRP: 11,943 million 2003, Headline GRP: 12,207 million 2004, Headline GRP: 12,362 million 2005, Headline GRP: 12,401 million 2006, Headline GRP: 12,402 million 2007, Headline GRP: 12,621 million 2008, Headline GRP: 13,007 million 2009, Headline GRP: 12,911 million 2010, Headline GRP: 13,007 million 2011, Headline GRP: 13,365 million 2012, Headline GRP: 13,466 million 2013, Headline GRP: 13,894 million 2014, Headline GRP: 14,276 million 2015, Headline GRP: 14,756 million 2016, Headline GRP: 15,563 million 2017, Headline GRP: 16,318 million 2018, Headline GRP: 16,527 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