In 2020-21, the economic contribution of capital cities to the national economy was 69.2 per cent, with regional Australia contributing 30.8 per cent.
GRP is a measure of a region’s economic activity over time, estimating the total value of goods and services by a region in a given year. It is a valuable measure to understand where production takes place geographically, including how our regions contribute to our economy.
In 2020-21, the economic contribution of capital cities to the national economy was 69.2 per cent, with regional Australia contributing 30.8 per cent. This is similar to the share of employment.
The average annual growth of real GRP between 2015-16 and 2020-21 was 2.0 per cent for the capital cities, and 1.4 per cent for regional Australia.
Collectively, per capita GRP was $83,800 for all capital cities and $76,300 for regional Australia.
These experimental estimates of GRP, released by the Bureau of Communications, Arts and Regional Research, are available for each of Australia’s sub-state Statistical Areas 4 regions here.