City of StonningtonEconomic profile
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City of Stonnington

Gross Regional Product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

City of Stonnington’s Gross Regional Product was $9.27 billion in the year ending June 2017, growing 3.6% 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
20179,273+3.67,5328,8460.85
20168,949+5.27,4558,8010.85
20158,511+4.77,4588,8240.85
20148,133+3.87,4328,7660.85
20137,833-0.67,1078,3900.85
20127,882+0.97,2628,4890.86
20117,809+1.77,2648,5130.85
20107,675-1.06,9868,2310.85
20097,750-0.37,0858,3750.85
20087,777+3.47,1468,5720.83
20077,524+4.26,5858,0520.82
20067,223+3.56,1797,6300.81
20056,980+2.85,9227,3530.81
20046,790+1.25,5786,9350.80
20036,707+1.65,3756,6840.80
20026,598+4.75,2196,5460.80
20016,304--5,2066,4620.81

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 Stonnington - Gross Regional Product
City of Stonnington - Gross Regional Product 2001, Resident GRP: 6,462 million 2002, Resident GRP: 6,546 million 2003, Resident GRP: 6,684 million 2004, Resident GRP: 6,935 million 2005, Resident GRP: 7,353 million 2006, Resident GRP: 7,630 million 2007, Resident GRP: 8,052 million 2008, Resident GRP: 8,572 million 2009, Resident GRP: 8,375 million 2010, Resident GRP: 8,231 million 2011, Resident GRP: 8,513 million 2012, Resident GRP: 8,489 million 2013, Resident GRP: 8,390 million 2014, Resident GRP: 8,766 million 2015, Resident GRP: 8,824 million 2016, Resident GRP: 8,801 million 2017, Resident GRP: 8,846 million 2001, Industry GRP: 5,206 million 2002, Industry GRP: 5,219 million 2003, Industry GRP: 5,375 million 2004, Industry GRP: 5,578 million 2005, Industry GRP: 5,922 million 2006, Industry GRP: 6,179 million 2007, Industry GRP: 6,585 million 2008, Industry GRP: 7,146 million 2009, Industry GRP: 7,085 million 2010, Industry GRP: 6,986 million 2011, Industry GRP: 7,264 million 2012, Industry GRP: 7,262 million 2013, Industry GRP: 7,107 million 2014, Industry GRP: 7,432 million 2015, Industry GRP: 7,458 million 2016, Industry GRP: 7,455 million 2017, Industry GRP: 7,532 million 2001, Headline GRP: 6,304 million 2002, Headline GRP: 6,598 million 2003, Headline GRP: 6,707 million 2004, Headline GRP: 6,790 million 2005, Headline GRP: 6,980 million 2006, Headline GRP: 7,223 million 2007, Headline GRP: 7,524 million 2008, Headline GRP: 7,777 million 2009, Headline GRP: 7,750 million 2010, Headline GRP: 7,675 million 2011, Headline GRP: 7,809 million 2012, Headline GRP: 7,882 million 2013, Headline GRP: 7,833 million 2014, Headline GRP: 8,133 million 2015, Headline GRP: 8,511 million 2016, Headline GRP: 8,949 million 2017, Headline GRP: 9,273 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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