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Randwick City

Gross Regional Product

Randwick City’s Gross Regional Product was $7.76 billion in the year ending June 2017, growing 0.6% 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

Randwick City - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20177,764+0.67,56310,7980.70
20167,718+2.07,41910,5330.70
20157,564+1.07,40310,3950.71
20147,492+0.67,1859,9230.72
20137,450+1.97,0249,5440.74
20127,312+1.37,1139,6420.74
20117,221+4.26,9929,4080.74
20106,927+2.06,4908,7050.75
20096,792-0.16,2438,5830.73
20086,799+1.26,2808,7260.72
20076,718+0.85,8518,2780.71
20066,664+1.75,3057,9180.67
20056,555+4.75,1607,7010.67
20046,261+4.65,1197,1780.71
20035,987+3.24,9246,7330.73
20025,803+3.44,8326,5550.74
20015,611--4,8386,5200.74

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

Randwick City - Gross Regional Product
Randwick City - Gross Regional Product 2001, Resident GRP: 6,520 million 2002, Resident GRP: 6,555 million 2003, Resident GRP: 6,733 million 2004, Resident GRP: 7,178 million 2005, Resident GRP: 7,701 million 2006, Resident GRP: 7,918 million 2007, Resident GRP: 8,278 million 2008, Resident GRP: 8,726 million 2009, Resident GRP: 8,583 million 2010, Resident GRP: 8,705 million 2011, Resident GRP: 9,408 million 2012, Resident GRP: 9,642 million 2013, Resident GRP: 9,544 million 2014, Resident GRP: 9,923 million 2015, Resident GRP: 10,395 million 2016, Resident GRP: 10,533 million 2017, Resident GRP: 10,798 million 2001, Industry GRP: 4,838 million 2002, Industry GRP: 4,832 million 2003, Industry GRP: 4,924 million 2004, Industry GRP: 5,119 million 2005, Industry GRP: 5,160 million 2006, Industry GRP: 5,305 million 2007, Industry GRP: 5,851 million 2008, Industry GRP: 6,280 million 2009, Industry GRP: 6,243 million 2010, Industry GRP: 6,490 million 2011, Industry GRP: 6,992 million 2012, Industry GRP: 7,113 million 2013, Industry GRP: 7,024 million 2014, Industry GRP: 7,185 million 2015, Industry GRP: 7,403 million 2016, Industry GRP: 7,419 million 2017, Industry GRP: 7,563 million 2001, Headline GRP: 5,611 million 2002, Headline GRP: 5,803 million 2003, Headline GRP: 5,987 million 2004, Headline GRP: 6,261 million 2005, Headline GRP: 6,555 million 2006, Headline GRP: 6,664 million 2007, Headline GRP: 6,718 million 2008, Headline GRP: 6,799 million 2009, Headline GRP: 6,792 million 2010, Headline GRP: 6,927 million 2011, Headline GRP: 7,221 million 2012, Headline GRP: 7,312 million 2013, Headline GRP: 7,450 million 2014, Headline GRP: 7,492 million 2015, Headline GRP: 7,564 million 2016, Headline GRP: 7,718 million 2017, Headline GRP: 7,764 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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