City of ParramattaEconomic profile
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City of Parramatta

Gross Regional Product

City of Parramatta’s Gross Regional Product was $25.15 billion in the year ending June 2017, growing 3.3% 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 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 Parramatta - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201725,148+3.318,40113,8871.33
201624,341+4.017,70413,3941.32
201523,396+1.117,41712,9901.34
201423,145+1.116,76312,2581.37
201322,898+3.116,44411,6771.41
201222,213+3.316,46411,5741.42
201121,498+4.115,86511,0161.44
201020,642+2.914,79910,1391.46
200920,063+2.514,6439,9251.48
200819,570+5.414,5259,8591.47
200718,565+2.113,6409,2301.48
200618,177+0.813,1308,8261.49
200518,038+1.112,8538,5551.50
200417,836+3.112,3618,0171.54
200317,304+2.511,8027,5541.56
200216,876+2.111,6417,3731.58
200116,525--11,6187,4091.57

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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 Parramatta - Gross Regional Product
City of Parramatta - Gross Regional Product 2001, Resident GRP: 7,409 million 2002, Resident GRP: 7,373 million 2003, Resident GRP: 7,554 million 2004, Resident GRP: 8,017 million 2005, Resident GRP: 8,555 million 2006, Resident GRP: 8,826 million 2007, Resident GRP: 9,230 million 2008, Resident GRP: 9,859 million 2009, Resident GRP: 9,925 million 2010, Resident GRP: 10,139 million 2011, Resident GRP: 11,016 million 2012, Resident GRP: 11,574 million 2013, Resident GRP: 11,677 million 2014, Resident GRP: 12,258 million 2015, Resident GRP: 12,990 million 2016, Resident GRP: 13,394 million 2017, Resident GRP: 13,887 million 2001, Industry GRP: 11,618 million 2002, Industry GRP: 11,641 million 2003, Industry GRP: 11,802 million 2004, Industry GRP: 12,361 million 2005, Industry GRP: 12,853 million 2006, Industry GRP: 13,130 million 2007, Industry GRP: 13,640 million 2008, Industry GRP: 14,525 million 2009, Industry GRP: 14,643 million 2010, Industry GRP: 14,799 million 2011, Industry GRP: 15,865 million 2012, Industry GRP: 16,464 million 2013, Industry GRP: 16,444 million 2014, Industry GRP: 16,763 million 2015, Industry GRP: 17,417 million 2016, Industry GRP: 17,704 million 2017, Industry GRP: 18,401 million 2001, Headline GRP: 16,525 million 2002, Headline GRP: 16,876 million 2003, Headline GRP: 17,304 million 2004, Headline GRP: 17,836 million 2005, Headline GRP: 18,038 million 2006, Headline GRP: 18,177 million 2007, Headline GRP: 18,565 million 2008, Headline GRP: 19,570 million 2009, Headline GRP: 20,063 million 2010, Headline GRP: 20,642 million 2011, Headline GRP: 21,498 million 2012, Headline GRP: 22,213 million 2013, Headline GRP: 22,898 million 2014, Headline GRP: 23,145 million 2015, Headline GRP: 23,396 million 2016, Headline GRP: 24,341 million 2017, Headline GRP: 25,148 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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