The City of Melbourne's Gross Regional Product was $126,786m in 2023/24.
The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2001.
Current benchmark:
| Gross Regional Product (GRP) | |||||||
|---|---|---|---|---|---|---|---|
| City of Melbourne | Victoria | ||||||
| Year (ending June 30) | GRP $m | % change from previous year | Cumulative change | GRP $m | % change from previous year | Cumulative change | City of Melbourne as a % of Victoria |
| 2024 | 126,786 | +1.78 | 277 | +581,041.29 | +1.54 | +182.97 | 21.82 |
| 2023 | 124,574 | +2.68 | 272 | +572,227.31 | +3.40 | +180.19 | 21.77 |
| 2022 | 121,319 | +6.96 | 265 | +553,420.73 | +6.73 | +174.27 | 21.92 |
| 2021 | 113,427 | +1.09 | 248 | +518,519.89 | -0.25 | +163.28 | 21.88 |
| 2020 | 112,206 | +0.38 | 245 | +519,814.99 | -0.32 | +163.69 | 21.59 |
| 2019 | 111,784 | +4.68 | 244 | +521,461.01 | +3.09 | +164.21 | 21.44 |
| 2018 | 106,791 | +3.94 | 233 | +505,831.82 | +3.31 | +159.29 | 21.11 |
| 2017 | 102,743 | +5.64 | 224 | +489,619.07 | +3.98 | +154.18 | 20.98 |
| 2016 | 97,261 | +5.59 | 212 | +470,858.86 | +3.51 | +148.27 | 20.66 |
| 2015 | 92,115 | +3.68 | 201 | +454,893.46 | +2.83 | +143.25 | 20.25 |
| 2014 | 88,846 | +3.20 | 194 | +442,359.61 | +2.15 | +139.30 | 20.08 |
| 2013 | 86,091 | +2.63 | 188 | +433,060.64 | +0.90 | +136.37 | 19.88 |
| 2012 | 83,887 | +4.09 | 183 | +429,176.86 | +2.32 | +135.15 | 19.55 |
| 2011 | 80,590 | +5.52 | 176 | +419,435.58 | +2.80 | +132.08 | 19.21 |
| 2010 | 76,371 | +4.03 | 167 | +408,006.27 | +0.98 | +128.48 | 18.72 |
| 2009 | 73,411 | +3.84 | 160 | +404,062.94 | +1.92 | +127.24 | 18.17 |
| 2008 | 70,699 | +7.10 | 154 | +396,439.77 | +3.55 | +124.84 | 17.83 |
| 2007 | 66,011 | +8.84 | 144 | +382,853.82 | +2.79 | +120.56 | 17.24 |
| 2006 | 60,650 | +3.57 | 132 | +372,472.60 | +2.12 | +117.29 | 16.28 |
| 2005 | 58,556 | +6.04 | 128 | +364,739.52 | +4.17 | +114.86 | 16.05 |
| 2004 | 55,222 | +5.18 | 121 | +350,147.19 | +3.59 | +110.26 | 15.77 |
| 2003 | 52,502 | +5.50 | 115 | +338,028.95 | +2.61 | +106.45 | 15.53 |
| 2002 | 49,766 | +8.66 | 109 | +329,415.24 | +3.73 | +103.73 | 15.11 |
| 2001 | 45,802 | -- | 100 | +317,561.88 | -- | +100.00 | 14.42 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2025. Compiled and presented in economy.id by .id (informed decisions). Note: All $ values are expressed in 2022/23 base year dollar terms. Please refer to specific data notes for more information | |||||||