City of VincentEconomic profile
Skip to content

City of Vincent

Gross Regional Product

City of Vincent’s Gross Regional Product was $3.90 billion in the year ending June 2019, declining -0.5% 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 Vincent - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20193,905-0.52,9433,2090.92
20183,925-1.92,9653,1820.93
20174,002-4.03,0293,1020.98
20164,167-1.03,0663,0860.99
20154,209+2.23,0313,0970.98
20144,120+1.62,9083,0340.96
20134,053-0.32,8352,9500.96
20124,064+11.42,6992,8270.95
20113,650+7.62,6362,6151.01
20103,393+0.72,4392,3571.03
20093,368+4.32,4032,2301.08
20083,230+8.52,1872,1221.03
20072,976+5.92,0051,9321.04
20062,811+5.51,8281,7481.05
20052,665+3.21,8011,6781.07
20042,583+1.61,6651,5711.06
20032,542+10.11,5911,4751.08
20022,309+3.81,5041,4381.05
20012,225--1,3641,3221.03

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

City of Vincent - Gross Regional Product
City of Vincent - Gross Regional Product 2001, Resident GRP: 1,322 million 2002, Resident GRP: 1,438 million 2003, Resident GRP: 1,475 million 2004, Resident GRP: 1,571 million 2005, Resident GRP: 1,678 million 2006, Resident GRP: 1,748 million 2007, Resident GRP: 1,932 million 2008, Resident GRP: 2,122 million 2009, Resident GRP: 2,230 million 2010, Resident GRP: 2,357 million 2011, Resident GRP: 2,615 million 2012, Resident GRP: 2,827 million 2013, Resident GRP: 2,950 million 2014, Resident GRP: 3,034 million 2015, Resident GRP: 3,097 million 2016, Resident GRP: 3,086 million 2017, Resident GRP: 3,102 million 2018, Resident GRP: 3,182 million 2019, Resident GRP: 3,209 million 2001, Industry GRP: 1,364 million 2002, Industry GRP: 1,504 million 2003, Industry GRP: 1,591 million 2004, Industry GRP: 1,665 million 2005, Industry GRP: 1,801 million 2006, Industry GRP: 1,828 million 2007, Industry GRP: 2,005 million 2008, Industry GRP: 2,187 million 2009, Industry GRP: 2,403 million 2010, Industry GRP: 2,439 million 2011, Industry GRP: 2,636 million 2012, Industry GRP: 2,699 million 2013, Industry GRP: 2,835 million 2014, Industry GRP: 2,908 million 2015, Industry GRP: 3,031 million 2016, Industry GRP: 3,066 million 2017, Industry GRP: 3,029 million 2018, Industry GRP: 2,965 million 2019, Industry GRP: 2,943 million 2001, Headline GRP: 2,225 million 2002, Headline GRP: 2,309 million 2003, Headline GRP: 2,542 million 2004, Headline GRP: 2,583 million 2005, Headline GRP: 2,665 million 2006, Headline GRP: 2,811 million 2007, Headline GRP: 2,976 million 2008, Headline GRP: 3,230 million 2009, Headline GRP: 3,368 million 2010, Headline GRP: 3,393 million 2011, Headline GRP: 3,650 million 2012, Headline GRP: 4,064 million 2013, Headline GRP: 4,053 million 2014, Headline GRP: 4,120 million 2015, Headline GRP: 4,209 million 2016, Headline GRP: 4,167 million 2017, Headline GRP: 4,002 million 2018, Headline GRP: 3,925 million 2019, Headline GRP: 3,905 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v19.11.15-1.0.0