City of Tea Tree GullyEconomic profile
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City of Tea Tree Gully

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 Tea Tree Gully’s Gross Regional Product was $2.63 billion in the year ending June 2017, growing 2.6% 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 Tea Tree Gully - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in 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 Tea Tree Gully - Gross Regional Product
City of Tea Tree Gully - Gross Regional Product 2001, Resident GRP: 3,244 million 2002, Resident GRP: 3,369 million 2003, Resident GRP: 3,452 million 2004, Resident GRP: 3,595 million 2005, Resident GRP: 3,766 million 2006, Resident GRP: 3,793 million 2007, Resident GRP: 4,003 million 2008, Resident GRP: 4,216 million 2009, Resident GRP: 4,313 million 2010, Resident GRP: 4,365 million 2011, Resident GRP: 4,574 million 2012, Resident GRP: 4,546 million 2013, Resident GRP: 4,473 million 2014, Resident GRP: 4,453 million 2015, Resident GRP: 4,325 million 2016, Resident GRP: 4,081 million 2017, Resident GRP: 3,872 million 2001, Industry GRP: 1,543 million 2002, Industry GRP: 1,546 million 2003, Industry GRP: 1,592 million 2004, Industry GRP: 1,661 million 2005, Industry GRP: 1,798 million 2006, Industry GRP: 1,845 million 2007, Industry GRP: 1,911 million 2008, Industry GRP: 2,015 million 2009, Industry GRP: 2,071 million 2010, Industry GRP: 2,086 million 2011, Industry GRP: 2,189 million 2012, Industry GRP: 2,187 million 2013, Industry GRP: 2,159 million 2014, Industry GRP: 2,201 million 2015, Industry GRP: 2,197 million 2016, Industry GRP: 2,128 million 2017, Industry GRP: 2,058 million 2001, Headline GRP: 1,879 million 2002, Headline GRP: 1,919 million 2003, Headline GRP: 2,047 million 2004, Headline GRP: 2,045 million 2005, Headline GRP: 2,119 million 2006, Headline GRP: 2,135 million 2007, Headline GRP: 2,184 million 2008, Headline GRP: 2,246 million 2009, Headline GRP: 2,280 million 2010, Headline GRP: 2,341 million 2011, Headline GRP: 2,332 million 2012, Headline GRP: 2,339 million 2013, Headline GRP: 2,390 million 2014, Headline GRP: 2,446 million 2015, Headline GRP: 2,516 million 2016, Headline GRP: 2,560 million 2017, Headline GRP: 2,627 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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