Penrith Economic Profile provides an analysis of Penrith's economic role and function, compares it with other areas and how it is changing over time. The profile is based on data from a range of sources including Census, National Accounts, National Economics, Journey to Work and ABS Business Register.
Important statistics include:
Gross Regional Product was $7,791 million as of the 30th June 2015.
This section looks at Headline Gross Regional Product (GRP), Local Industry GRP and Local Residents GRP.
To understand the relative size of these measures and reasons behind the differences, GRP data should be viewed in conjunction with
Employment Capacity and
Self-Containment datasets. To understand the main contributors to GRP, this dataset should be viewed in conjunction with
Estimated Resident Population of Penrith City was 197,922 as of the 30th June 2015.
The Estimated Resident Population (ERP) is the official population of the area. It is updated annually by the Australian Bureau of Statistics, and reassessed every Census.
Market characteristics in conjunction with the Population figures will give a holistic view of Penrith City.
This indicator shows the estimated number of
jobs in the local area , on an annual basis back to 2001. A count of jobs is one of the most fundamental economic indicators of the size of the local economy, and increasing numbers of jobs generally represent a growing economy.
Job numbers should be viewed in conjunction with
Worker Productivity and
Employment self-containment datasets.
Employment (total) is the most accurate and up to date measure of the total number of people employed in Penrith City. By comparing the number of jobs in each industry sector to a regional benchmark, you can clearly see the structure of Penrith City's economy.
Other areas which will be of interest in relation to Employment Characteristics include
Full-time employment by industry,
Employment locations and
Workers place of residence datasets.
Registered business by industry shows how many businesses there are in Penrith City within each industry sector using the Australian Bureau of Statistics (ABS) Business Register. The distribution of businesses may reflect the industry structure of the area, or may differ significantly.
Related statistics of interest include the
Employment (Total) and
Value-Added datasets, to see the relative size of industries, and
Employment Locations, to see where business employment occurs within the area.
Employed residents may have a workplace inside or outside the area, which makes it interesting to also look at the Residents place of work by industry and Residents place of work by occupation datasets.
Related statistics are contained in the
Resident labour force dataset.
Click for .id infographic - The Growth City
Click for .id infographic - Heart of the New West
Click for .id infographic - Building the New West: Target Sectors
Go to the Penrith Economic Profile site
For a full list of Economic .id datasets, click here to access the Site Map
Go to the Community Statistics page for information on other .id products
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