Woollahra Municipal CouncilEconomic profile
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Woollahra Municipal Council area

Gross Regional Product

Woollahra Municipal Council area’s Gross Regional Product was $4.53 billion in the year ending June 2017, growing 3.3% 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
20174,528+3.34,6606,7650.69
20164,385+5.14,5226,5380.69
20154,171+1.24,5026,5060.69
20144,121+5.24,4766,3670.70
20133,919+6.24,2866,0830.70
20123,689-2.74,3276,1640.70
20113,791+0.44,5456,4560.70
20103,776-3.34,4066,3640.69
20093,904-0.84,5086,5980.68
20083,93404,6106,9070.67
20073,935+2.54,3886,7270.65
20063,839+1.13,9486,2510.63
20053,798+2.83,8736,1430.63
20043,695+2.83,5525,6660.63
20033,596+4.73,3625,2850.64
20023,434+0.63,1174,9530.63
20013,415--3,3375,1560.65

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

Woollahra Municipal Council area - Gross Regional Product
Woollahra Municipal Council area - Gross Regional Product 2001, Resident GRP: 5,156 million 2002, Resident GRP: 4,953 million 2003, Resident GRP: 5,285 million 2004, Resident GRP: 5,666 million 2005, Resident GRP: 6,143 million 2006, Resident GRP: 6,251 million 2007, Resident GRP: 6,727 million 2008, Resident GRP: 6,907 million 2009, Resident GRP: 6,598 million 2010, Resident GRP: 6,364 million 2011, Resident GRP: 6,456 million 2012, Resident GRP: 6,164 million 2013, Resident GRP: 6,083 million 2014, Resident GRP: 6,367 million 2015, Resident GRP: 6,506 million 2016, Resident GRP: 6,538 million 2017, Resident GRP: 6,765 million 2001, Industry GRP: 3,337 million 2002, Industry GRP: 3,117 million 2003, Industry GRP: 3,362 million 2004, Industry GRP: 3,552 million 2005, Industry GRP: 3,873 million 2006, Industry GRP: 3,948 million 2007, Industry GRP: 4,388 million 2008, Industry GRP: 4,610 million 2009, Industry GRP: 4,508 million 2010, Industry GRP: 4,406 million 2011, Industry GRP: 4,545 million 2012, Industry GRP: 4,327 million 2013, Industry GRP: 4,286 million 2014, Industry GRP: 4,476 million 2015, Industry GRP: 4,502 million 2016, Industry GRP: 4,522 million 2017, Industry GRP: 4,660 million 2001, Headline GRP: 3,415 million 2002, Headline GRP: 3,434 million 2003, Headline GRP: 3,596 million 2004, Headline GRP: 3,695 million 2005, Headline GRP: 3,798 million 2006, Headline GRP: 3,839 million 2007, Headline GRP: 3,935 million 2008, Headline GRP: 3,934 million 2009, Headline GRP: 3,904 million 2010, Headline GRP: 3,776 million 2011, Headline GRP: 3,791 million 2012, Headline GRP: 3,689 million 2013, Headline GRP: 3,919 million 2014, Headline GRP: 4,121 million 2015, Headline GRP: 4,171 million 2016, Headline GRP: 4,385 million 2017, Headline GRP: 4,528 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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