Waverley Local Government Area (LGA)Economic profile
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Waverley Council area

Gross Regional Product

Waverley Council area’s Gross Regional Product was $4.95 billion in the year ending June 2019, growing 2.9% 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 Council. 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

Waverley 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
20194,952+2.94,8377,5200.64
20184,815+2.04,8417,4880.65
20174,719-2.04,7807,2800.66
20164,816+2.04,6977,1700.66
20154,720+4.14,5466,9550.65
20144,533+5.84,3986,7200.65
20134,285+2.04,3106,5480.66
20124,201+1.24,2596,5630.65
20114,152+1.74,1496,3120.66
20104,081+4.74,0816,1290.67
20093,899-0.63,8455,8740.65
20083,924+1.83,7125,7110.65
20073,855+0.33,5945,5060.65
20063,842-0.23,5305,3390.66
20053,850+1.33,4685,1260.68
20043,801+7.23,2994,8060.69
20033,546+6.73,1534,6270.68
20023,323+1.73,0554,5310.67
20013,268--2,8944,4220.65

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

Waverley Council area - Gross Regional Product
Waverley Council area - Gross Regional Product 2001, Resident GRP: 4,422 million 2002, Resident GRP: 4,531 million 2003, Resident GRP: 4,627 million 2004, Resident GRP: 4,806 million 2005, Resident GRP: 5,126 million 2006, Resident GRP: 5,339 million 2007, Resident GRP: 5,506 million 2008, Resident GRP: 5,711 million 2009, Resident GRP: 5,874 million 2010, Resident GRP: 6,129 million 2011, Resident GRP: 6,312 million 2012, Resident GRP: 6,563 million 2013, Resident GRP: 6,548 million 2014, Resident GRP: 6,720 million 2015, Resident GRP: 6,955 million 2016, Resident GRP: 7,170 million 2017, Resident GRP: 7,280 million 2018, Resident GRP: 7,488 million 2019, Resident GRP: 7,520 million 2001, Industry GRP: 2,894 million 2002, Industry GRP: 3,055 million 2003, Industry GRP: 3,153 million 2004, Industry GRP: 3,299 million 2005, Industry GRP: 3,468 million 2006, Industry GRP: 3,530 million 2007, Industry GRP: 3,594 million 2008, Industry GRP: 3,712 million 2009, Industry GRP: 3,845 million 2010, Industry GRP: 4,081 million 2011, Industry GRP: 4,149 million 2012, Industry GRP: 4,259 million 2013, Industry GRP: 4,310 million 2014, Industry GRP: 4,398 million 2015, Industry GRP: 4,546 million 2016, Industry GRP: 4,697 million 2017, Industry GRP: 4,780 million 2018, Industry GRP: 4,841 million 2019, Industry GRP: 4,837 million 2001, Headline GRP: 3,268 million 2002, Headline GRP: 3,323 million 2003, Headline GRP: 3,546 million 2004, Headline GRP: 3,801 million 2005, Headline GRP: 3,850 million 2006, Headline GRP: 3,842 million 2007, Headline GRP: 3,855 million 2008, Headline GRP: 3,924 million 2009, Headline GRP: 3,899 million 2010, Headline GRP: 4,081 million 2011, Headline GRP: 4,152 million 2012, Headline GRP: 4,201 million 2013, Headline GRP: 4,285 million 2014, Headline GRP: 4,533 million 2015, Headline GRP: 4,720 million 2016, Headline GRP: 4,816 million 2017, Headline GRP: 4,719 million 2018, Headline GRP: 4,815 million 2019, Headline GRP: 4,952 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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