Melbourne’s Gross Regional Product (GRP) is estimated at $97.082 billion. Melbourne represents 26.3% of Greater Melbourne’s Gross Regional Product (GRP) of $369.058 billion , 20.7% of Victoria’s Gross State Product (GSP) of $467.876 billion , and 4.9% of Australia’s Gross Domestic Product (GDP) of $1.985 trillion .
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What is the GDP of Victoria?
$1.985 trillion
Victoria represents and 23.6% of Australia’s Gross Domestic Product (GDP) of $1.985 trillion .
Victoria’s Gross State Product (GSP) is estimated at $467.876 billion.
| GSP Expenditure Method | Victoria |
|---|---|
| GSP | $467.876 B |
| Population | 5.919 M |
| Per Capita GSP | $79,046 |
What is the GDP of Sydney Australia?
Current benchmark:
| Gross Regional Product (GRP) | ||
|---|---|---|
| City of Sydney | New South Wales | |
| 2020 | 130,223 | +149.33 |
| 2019 | 131,381 | +150.19 |
| 2018 | 127,584 | +146.06 |
Which Australian city has the highest GDP?
Melbourne City was the most significant contributor to national GDP growth with 12.4 per cent, followed by Sydney Inner City with 9.4 per cent.
What is the economy of Melbourne?
Home to 183,756 people, Melbourne supports 457,465 jobs and has an annual economic output of $194.933 billion.
What is the richest Australian state?
New South Wales is the most consistent performer in wealth and income, and the only other state to have both income and wealth about the national average (12% on income and 13% on wealth).
Does Melbourne have a strong economy?
Our economy has delivered strong and consistent growth for more than the past two decades, and while Victoria represents only 3 per cent of Australia’s total land mass, we account for close to a quarter of Australia’s economic activity (23 per cent of national GDP).
What is the GDP of New York State?
$1.751 trillion
Economy of New York (state)
| Statistics | |
|---|---|
| GDP | $1.751 trillion (2019) |
| GDP per capita | $90,043 (2019) |
| Population below poverty line | 13.6% |
| Gini coefficient | 0.502 |
What is the GDP of England?
£1.8 trillion
The economy of England is the largest economy of the four countries of the United Kingdom. England is a highly industrialised country.
| Statistics | |
|---|---|
| GDP | £1.8 trillion |
| GDP growth | 1.4% |
| GDP per capita | $46,008 |
| All values, unless otherwise stated, are in US dollars. |
What is London’s GDP?
London produced £503 billion ($690 billion) or around 1/4 of UK GDP in 2019, while the economy of the London metropolitan area — the largest in Europe generates around 1/3 of the UK’s GDP or almost $1.0 trillion.
How much does Victoria contribute to the economy?
The economy of Victoria is considered to be mid-sized and accounts for over 23 per cent of Australia’s Gross Domestic Product (GDP). [footnote 9] In the past decade the economy has seen strong growth, with an average annual increase of 2.2 per cent.
What is Toronto’s GDP?
SDMX
| Geography | 2013 | 2017 |
|---|---|---|
| Toronto, Ontario (map) | 332,476 | 405,156 |
| Hamilton, Ontario (map) | 29,533 | 34,673 |
| St. Catharines – Niagara, Ontario (map) | 14,412 | 15,620 |
| Kitchener – Cambridge – Waterloo, Ontario (map) | 24,033 | 29,273 |
What is the GDP of Perth?
$56.504 billion
Perth’s Gross Regional Product (GRP) is estimated at $56.504 billion. Perth represents 27.5% of Greater Perth’s Gross Regional Product (GRP) of $205.344 billion , 17.9% of Western Australia’s Gross State Product (GSP) of $316.324 billion , and 2.8% of Australia’s Gross Domestic Product (GDP) of $1.985 trillion .
How does Sydney make money?
The economy of Sydney is notable for its importance in the areas of trading, manufacturing, finance, education, and distribution in Australia. Sydney has the largest economy in Australia. Sydney’s CBD is the largest in Australia and also has plenty of surrounding commercial areas which are considered part of Sydney.
Why is Western Australia so rich?
Western Australia’s economy is largely driven by extraction and processing of a diverse range of mineral and petroleum commodities.Recent growth in global demand for minerals and petroleum, especially in China (iron-ore) and Japan (for LNG), has ensured economic growth above the national average.
Is Australia a rich country?
The nation’s wealth gap continues to widen as new research suggests Australia is among the richest in the world, rising up the ranks to record one of the largest gains in wealth in 2020. Credit Suisse’s latest Global Wealth report saw Australia achieve an $87,098 (US$65,695) increase in wealth on a per adult basis.
Which is the biggest Australian state?
Western Australia
The capital of the state of Western Australia is the city of Perth. The largest state by population in Australia is New South Wales. Despite being less than half the size of Western Australia, it has a massive population of over 8.15 million people.
Australian States | 6 States of Australia.
| Country | 2021 Population |
|---|---|
| Australia | 25,788,215 |
Which Australian city has the best economy?
Regarding the major capital cities, Sydney’s GDP per capita of $84,700 was the highest, followed by Perth ($72,800), Melbourne ($70,500), Brisbane ($68,800) and Adelaide ($61,200). Tasmania ($57,700), Regional New South Wales ($54,500), Regional Victoria ($48,800) had the lowest GDP per capita.
What is Victoria’s biggest industry?
Victoria’s retail sector is world renowned and famous for its fashion, food and bars, while its transport distribution, logistics and postal sectors are central to the state’s economic success.
What is Melbourne’s biggest industry?
Professional, Scientific & Technical Services is Melbourne’s largest employment sector, supporting an estimated 83,503 jobs.
What is the GDP of Mumbai?
Mumbai’s Nominal GDP is US$ 250 Billion and GDP (PPP) is US$ 400 Billion, Mumbai’s GDP (PPP) per capita rounds up to around US$ 23,000. It is the richest Indian city and 12th richest city in the world with a netwealth of around US$ 1 trillion with 46000 millionaires and 48 billionaires.
