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Woollahra Municipal Council area

Gross Regional Product

Woollahra Municipal Council area’s Gross Regional Product was $5.37 billion in the year ending June 2019, growing 2.1% 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 Region. 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

Woollahra Municipal 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
20195,370+2.15,1427,3220.70
20185,260+5.35,2867,4120.71
20174,994-0.45,0477,1290.71
20165,016+5.55,0317,1440.70
20154,753+1.94,9187,0100.70
20144,666+3.04,8996,7820.72
20134,528+6.24,9966,7650.74
20124,266-0.84,9666,8690.72
20114,300-1.84,9246,8520.72
20104,380-1.34,9907,0390.71
20094,436+0.34,8827,0270.69
20084,421-1.04,5146,8720.66
20074,467+1.74,3476,7540.64
20064,393-0.64,2346,6640.64
20054,418+2.74,1076,4620.64
20044,300+2.83,7525,8880.64
20034,184+4.13,8365,8210.66
20024,019-3.83,6885,5740.66
20014,179--3,5315,4210.65

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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

Woollahra Municipal Council area - Gross Regional Product
Woollahra Municipal Council area - Gross Regional Product 2001, Resident GRP: 5,421 million 2002, Resident GRP: 5,574 million 2003, Resident GRP: 5,821 million 2004, Resident GRP: 5,888 million 2005, Resident GRP: 6,462 million 2006, Resident GRP: 6,664 million 2007, Resident GRP: 6,754 million 2008, Resident GRP: 6,872 million 2009, Resident GRP: 7,027 million 2010, Resident GRP: 7,039 million 2011, Resident GRP: 6,852 million 2012, Resident GRP: 6,869 million 2013, Resident GRP: 6,765 million 2014, Resident GRP: 6,782 million 2015, Resident GRP: 7,010 million 2016, Resident GRP: 7,144 million 2017, Resident GRP: 7,129 million 2018, Resident GRP: 7,412 million 2019, Resident GRP: 7,322 million 2001, Industry GRP: 3,531 million 2002, Industry GRP: 3,688 million 2003, Industry GRP: 3,836 million 2004, Industry GRP: 3,752 million 2005, Industry GRP: 4,107 million 2006, Industry GRP: 4,234 million 2007, Industry GRP: 4,347 million 2008, Industry GRP: 4,514 million 2009, Industry GRP: 4,882 million 2010, Industry GRP: 4,990 million 2011, Industry GRP: 4,924 million 2012, Industry GRP: 4,966 million 2013, Industry GRP: 4,996 million 2014, Industry GRP: 4,899 million 2015, Industry GRP: 4,918 million 2016, Industry GRP: 5,031 million 2017, Industry GRP: 5,047 million 2018, Industry GRP: 5,286 million 2019, Industry GRP: 5,142 million 2001, Headline GRP: 4,179 million 2002, Headline GRP: 4,019 million 2003, Headline GRP: 4,184 million 2004, Headline GRP: 4,300 million 2005, Headline GRP: 4,418 million 2006, Headline GRP: 4,393 million 2007, Headline GRP: 4,467 million 2008, Headline GRP: 4,421 million 2009, Headline GRP: 4,436 million 2010, Headline GRP: 4,380 million 2011, Headline GRP: 4,300 million 2012, Headline GRP: 4,266 million 2013, Headline GRP: 4,528 million 2014, Headline GRP: 4,666 million 2015, Headline GRP: 4,753 million 2016, Headline GRP: 5,016 million 2017, Headline GRP: 4,994 million 2018, Headline GRP: 5,260 million 2019, Headline GRP: 5,370 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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