City of StonningtonEconomic profile
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City of Stonnington

Gross Regional Product

City of Stonnington’s Gross Regional Product was $9.55 billion in the year ending June 2018, growing 1.6% 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

City of Stonnington - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20189,545+1.67,6428,9010.86
20179,398+3.07,6218,9070.86
20169,128+6.97,6208,9580.85
20158,538+4.57,4918,8350.85
20148,170+4.27,4808,8190.85
20137,842-0.27,1388,4530.84
20127,857+1.37,2608,4730.86
20117,758+1.17,2368,4850.85
20107,675-0.76,9968,2800.84
20097,730-0.17,0928,4120.84
20087,734+3.57,1338,5720.83
20077,472+4.06,5718,0430.82
20067,185+3.36,1807,6270.81
20056,953+2.95,9377,3670.81
20046,757+1.35,6006,9670.80
20036,672+2.05,3986,6990.81
20026,541+4.85,2286,5540.80
20016,241--5,2016,4170.81

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 Stonnington - Gross Regional Product
City of Stonnington - Gross Regional Product 2001, Resident GRP: 6,417 million 2002, Resident GRP: 6,554 million 2003, Resident GRP: 6,699 million 2004, Resident GRP: 6,967 million 2005, Resident GRP: 7,367 million 2006, Resident GRP: 7,627 million 2007, Resident GRP: 8,043 million 2008, Resident GRP: 8,572 million 2009, Resident GRP: 8,412 million 2010, Resident GRP: 8,280 million 2011, Resident GRP: 8,485 million 2012, Resident GRP: 8,473 million 2013, Resident GRP: 8,453 million 2014, Resident GRP: 8,819 million 2015, Resident GRP: 8,835 million 2016, Resident GRP: 8,958 million 2017, Resident GRP: 8,907 million 2018, Resident GRP: 8,901 million 2001, Industry GRP: 5,201 million 2002, Industry GRP: 5,228 million 2003, Industry GRP: 5,398 million 2004, Industry GRP: 5,600 million 2005, Industry GRP: 5,937 million 2006, Industry GRP: 6,180 million 2007, Industry GRP: 6,571 million 2008, Industry GRP: 7,133 million 2009, Industry GRP: 7,092 million 2010, Industry GRP: 6,996 million 2011, Industry GRP: 7,236 million 2012, Industry GRP: 7,260 million 2013, Industry GRP: 7,138 million 2014, Industry GRP: 7,480 million 2015, Industry GRP: 7,491 million 2016, Industry GRP: 7,620 million 2017, Industry GRP: 7,621 million 2018, Industry GRP: 7,642 million 2001, Headline GRP: 6,241 million 2002, Headline GRP: 6,541 million 2003, Headline GRP: 6,672 million 2004, Headline GRP: 6,757 million 2005, Headline GRP: 6,953 million 2006, Headline GRP: 7,185 million 2007, Headline GRP: 7,472 million 2008, Headline GRP: 7,734 million 2009, Headline GRP: 7,730 million 2010, Headline GRP: 7,675 million 2011, Headline GRP: 7,758 million 2012, Headline GRP: 7,857 million 2013, Headline GRP: 7,842 million 2014, Headline GRP: 8,170 million 2015, Headline GRP: 8,538 million 2016, Headline GRP: 9,128 million 2017, Headline GRP: 9,398 million 2018, Headline GRP: 9,545 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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