Town of Victoria ParkEconomic profile
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Town of Victoria Park

Gross Regional Product

Town of Victoria Park’s Gross Regional Product was $6.03 billion in the year ending June 2018, growing 10.1% 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 Town. 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

Town of Victoria Park - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20186,029+10.13,3632,0331.65
20175,478+4.53,4042,0591.65
20165,241+0.83,4582,1581.60
20155,199+3.73,7072,3451.58
20145,014+1.63,7232,4271.53
20134,933-1.83,6862,3921.54
20125,021+21.43,6112,3421.54
20114,135+6.33,2782,1551.52
20103,888+2.42,9411,9221.53
20093,797+3.82,9371,9001.55
20083,657+11.22,8011,7681.58
20073,289+12.82,5361,5521.63
20062,916+5.02,1501,3641.58
20052,776+1.62,1431,2931.66
20042,733+5.42,1621,2211.77
20032,593+11.32,0521,1511.78
20022,330+5.72,0131,0921.84
20012,205--1,8349981.84

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

Town of Victoria Park - Gross Regional Product
Town of Victoria Park - Gross Regional Product 2001, Resident GRP: 998 million 2002, Resident GRP: 1,092 million 2003, Resident GRP: 1,151 million 2004, Resident GRP: 1,221 million 2005, Resident GRP: 1,293 million 2006, Resident GRP: 1,364 million 2007, Resident GRP: 1,552 million 2008, Resident GRP: 1,768 million 2009, Resident GRP: 1,900 million 2010, Resident GRP: 1,922 million 2011, Resident GRP: 2,155 million 2012, Resident GRP: 2,342 million 2013, Resident GRP: 2,392 million 2014, Resident GRP: 2,427 million 2015, Resident GRP: 2,345 million 2016, Resident GRP: 2,158 million 2017, Resident GRP: 2,059 million 2018, Resident GRP: 2,033 million 2001, Industry GRP: 1,834 million 2002, Industry GRP: 2,013 million 2003, Industry GRP: 2,052 million 2004, Industry GRP: 2,162 million 2005, Industry GRP: 2,143 million 2006, Industry GRP: 2,150 million 2007, Industry GRP: 2,536 million 2008, Industry GRP: 2,801 million 2009, Industry GRP: 2,937 million 2010, Industry GRP: 2,941 million 2011, Industry GRP: 3,278 million 2012, Industry GRP: 3,611 million 2013, Industry GRP: 3,686 million 2014, Industry GRP: 3,723 million 2015, Industry GRP: 3,707 million 2016, Industry GRP: 3,458 million 2017, Industry GRP: 3,404 million 2018, Industry GRP: 3,363 million 2001, Headline GRP: 2,205 million 2002, Headline GRP: 2,330 million 2003, Headline GRP: 2,593 million 2004, Headline GRP: 2,733 million 2005, Headline GRP: 2,776 million 2006, Headline GRP: 2,916 million 2007, Headline GRP: 3,289 million 2008, Headline GRP: 3,657 million 2009, Headline GRP: 3,797 million 2010, Headline GRP: 3,888 million 2011, Headline GRP: 4,135 million 2012, Headline GRP: 5,021 million 2013, Headline GRP: 4,933 million 2014, Headline GRP: 5,014 million 2015, Headline GRP: 5,199 million 2016, Headline GRP: 5,241 million 2017, Headline GRP: 5,478 million 2018, Headline GRP: 6,029 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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