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Willoughby City

Gross Regional Product

Willoughby City’s Gross Regional Product was $11.18 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

Willoughby City - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201711,180+2.68,6526,5001.33
201610,900+5.68,4156,3181.33
201510,321+3.08,2856,2461.33
201410,022+2.68,0286,0121.34
20139,768+4.37,7035,7721.33
20129,369-0.47,8315,8401.34
20119,407-1.17,7705,8241.33
20109,515-0.47,4755,5841.34
20099,55707,5085,6441.33
20089,561-0.77,7195,8191.33
20079,629+1.17,4705,5731.34
20069,524+2.27,2235,3591.35
20059,317+1.77,0655,1831.36
20049,160+5.06,7014,8591.38
20038,722+1.66,2704,4921.40
20028,588+3.56,2534,3641.43
20018,299--6,2314,3551.43

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id 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

Willoughby City - Gross Regional Product
Willoughby City - Gross Regional Product 2001, Resident GRP: 4,355 million 2002, Resident GRP: 4,364 million 2003, Resident GRP: 4,492 million 2004, Resident GRP: 4,859 million 2005, Resident GRP: 5,183 million 2006, Resident GRP: 5,359 million 2007, Resident GRP: 5,573 million 2008, Resident GRP: 5,819 million 2009, Resident GRP: 5,644 million 2010, Resident GRP: 5,584 million 2011, Resident GRP: 5,824 million 2012, Resident GRP: 5,840 million 2013, Resident GRP: 5,772 million 2014, Resident GRP: 6,012 million 2015, Resident GRP: 6,246 million 2016, Resident GRP: 6,318 million 2017, Resident GRP: 6,500 million 2001, Industry GRP: 6,231 million 2002, Industry GRP: 6,253 million 2003, Industry GRP: 6,270 million 2004, Industry GRP: 6,701 million 2005, Industry GRP: 7,065 million 2006, Industry GRP: 7,223 million 2007, Industry GRP: 7,470 million 2008, Industry GRP: 7,719 million 2009, Industry GRP: 7,508 million 2010, Industry GRP: 7,475 million 2011, Industry GRP: 7,770 million 2012, Industry GRP: 7,831 million 2013, Industry GRP: 7,703 million 2014, Industry GRP: 8,028 million 2015, Industry GRP: 8,285 million 2016, Industry GRP: 8,415 million 2017, Industry GRP: 8,652 million 2001, Headline GRP: 8,299 million 2002, Headline GRP: 8,588 million 2003, Headline GRP: 8,722 million 2004, Headline GRP: 9,160 million 2005, Headline GRP: 9,317 million 2006, Headline GRP: 9,524 million 2007, Headline GRP: 9,629 million 2008, Headline GRP: 9,561 million 2009, Headline GRP: 9,557 million 2010, Headline GRP: 9,515 million 2011, Headline GRP: 9,407 million 2012, Headline GRP: 9,369 million 2013, Headline GRP: 9,768 million 2014, Headline GRP: 10,022 million 2015, Headline GRP: 10,321 million 2016, Headline GRP: 10,900 million 2017, Headline GRP: 11,180 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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