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Willoughby City

Gross Regional Product

Willoughby City’s Gross Regional Product was $11.39 billion in the year ending June 2018, declining -1.0% 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
201811,391-1.09,1237,0131.30
201711,500+1.59,0006,8041.32
201611,325+5.98,8786,6961.33
201510,691+2.98,6946,5181.33
201410,388+2.38,3676,2681.33
201310,149+3.98,0116,0391.33
20129,764-0.48,1486,1221.33
20119,800-0.68,0666,1091.32
20109,861+0.37,7785,8231.34
20099,830+0.17,7685,8691.32
20089,818-0.57,9706,0371.32
20079,871+0.57,7295,7671.34
20069,825+2.37,4685,6371.32
20059,601+1.77,2905,5051.32
20049,441+4.66,9195,1461.34
20039,028+1.66,4864,7471.37
20028,885+1.56,4874,5941.41
20018,753--6,5284,5991.42

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

Willoughby City - Gross Regional Product
Willoughby City - Gross Regional Product 2001, Resident GRP: 4,599 million 2002, Resident GRP: 4,594 million 2003, Resident GRP: 4,747 million 2004, Resident GRP: 5,146 million 2005, Resident GRP: 5,505 million 2006, Resident GRP: 5,637 million 2007, Resident GRP: 5,767 million 2008, Resident GRP: 6,037 million 2009, Resident GRP: 5,869 million 2010, Resident GRP: 5,823 million 2011, Resident GRP: 6,109 million 2012, Resident GRP: 6,122 million 2013, Resident GRP: 6,039 million 2014, Resident GRP: 6,268 million 2015, Resident GRP: 6,518 million 2016, Resident GRP: 6,696 million 2017, Resident GRP: 6,804 million 2018, Resident GRP: 7,013 million 2001, Industry GRP: 6,528 million 2002, Industry GRP: 6,487 million 2003, Industry GRP: 6,486 million 2004, Industry GRP: 6,919 million 2005, Industry GRP: 7,290 million 2006, Industry GRP: 7,468 million 2007, Industry GRP: 7,729 million 2008, Industry GRP: 7,970 million 2009, Industry GRP: 7,768 million 2010, Industry GRP: 7,778 million 2011, Industry GRP: 8,066 million 2012, Industry GRP: 8,148 million 2013, Industry GRP: 8,011 million 2014, Industry GRP: 8,367 million 2015, Industry GRP: 8,694 million 2016, Industry GRP: 8,878 million 2017, Industry GRP: 9,000 million 2018, Industry GRP: 9,123 million 2001, Headline GRP: 8,753 million 2002, Headline GRP: 8,885 million 2003, Headline GRP: 9,028 million 2004, Headline GRP: 9,441 million 2005, Headline GRP: 9,601 million 2006, Headline GRP: 9,825 million 2007, Headline GRP: 9,871 million 2008, Headline GRP: 9,818 million 2009, Headline GRP: 9,830 million 2010, Headline GRP: 9,861 million 2011, Headline GRP: 9,800 million 2012, Headline GRP: 9,764 million 2013, Headline GRP: 10,149 million 2014, Headline GRP: 10,388 million 2015, Headline GRP: 10,691 million 2016, Headline GRP: 11,325 million 2017, Headline GRP: 11,500 million 2018, Headline GRP: 11,391 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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