Woollahra Municipal CouncilEconomic profile
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Woollahra Municipal Council area

Gross Regional Product

Woollahra Municipal Council area’s Gross Regional Product was $5.15 billion in the year ending June 2018, growing 3.6% 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 Municipal 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

Woollahra Municipal 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
20185,146+3.65,5957,7070.73
20174,967+3.75,3347,4340.72
20164,790+6.25,2077,2800.72
20154,511+1.34,8916,9390.70
20144,453+5.84,8516,6800.73
20134,209+5.14,6266,3010.73
20124,004-3.44,6826,5030.72
20114,147+0.24,9166,7770.73
20104,139-2.24,7756,7550.71
20094,230-1.04,8636,9350.70
20084,274+0.24,9827,2800.68
20074,265+2.14,7517,0940.67
20064,180+2.04,3106,6650.65
20054,099+3.44,2056,4980.65
20043,966-0.43,8415,9400.65
20033,981+3.13,6925,6450.65
20023,862-3.93,4815,3290.65
20014,019--3,7995,6290.67

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

Woollahra Municipal Council area - Gross Regional Product
Woollahra Municipal Council area - Gross Regional Product 2001, Resident GRP: 5,629 million 2002, Resident GRP: 5,329 million 2003, Resident GRP: 5,645 million 2004, Resident GRP: 5,940 million 2005, Resident GRP: 6,498 million 2006, Resident GRP: 6,665 million 2007, Resident GRP: 7,094 million 2008, Resident GRP: 7,280 million 2009, Resident GRP: 6,935 million 2010, Resident GRP: 6,755 million 2011, Resident GRP: 6,777 million 2012, Resident GRP: 6,503 million 2013, Resident GRP: 6,301 million 2014, Resident GRP: 6,680 million 2015, Resident GRP: 6,939 million 2016, Resident GRP: 7,280 million 2017, Resident GRP: 7,434 million 2018, Resident GRP: 7,707 million 2001, Industry GRP: 3,799 million 2002, Industry GRP: 3,481 million 2003, Industry GRP: 3,692 million 2004, Industry GRP: 3,841 million 2005, Industry GRP: 4,205 million 2006, Industry GRP: 4,310 million 2007, Industry GRP: 4,751 million 2008, Industry GRP: 4,982 million 2009, Industry GRP: 4,863 million 2010, Industry GRP: 4,775 million 2011, Industry GRP: 4,916 million 2012, Industry GRP: 4,682 million 2013, Industry GRP: 4,626 million 2014, Industry GRP: 4,851 million 2015, Industry GRP: 4,891 million 2016, Industry GRP: 5,207 million 2017, Industry GRP: 5,334 million 2018, Industry GRP: 5,595 million 2001, Headline GRP: 4,019 million 2002, Headline GRP: 3,862 million 2003, Headline GRP: 3,981 million 2004, Headline GRP: 3,966 million 2005, Headline GRP: 4,099 million 2006, Headline GRP: 4,180 million 2007, Headline GRP: 4,265 million 2008, Headline GRP: 4,274 million 2009, Headline GRP: 4,230 million 2010, Headline GRP: 4,139 million 2011, Headline GRP: 4,147 million 2012, Headline GRP: 4,004 million 2013, Headline GRP: 4,209 million 2014, Headline GRP: 4,453 million 2015, Headline GRP: 4,511 million 2016, Headline GRP: 4,790 million 2017, Headline GRP: 4,967 million 2018, Headline GRP: 5,146 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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