Armidale Regional CouncilEconomic profile
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Armidale Regional Council

Gross Regional Product

Armidale Regional Council’s Gross Regional Product was $1.41 billion in the year ending June 2016, growing 0.2% 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 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

Armidale Regional Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20161,414+0.21,2341,2910.96
20151,411+0.61,2091,2440.97
20141,403-0.31,2021,2230.98
20131,408-0.21,1911,1941.00
20121,411-1.51,2081,1941.01
20111,433+3.11,1921,1751.01
20101,391+2.71,1301,1071.02
20091,354+2.41,0921,0651.03
20081,323+2.01,1271,0941.03
20071,297-1.81,0511,0131.04
20061,320+0.79909501.04
20051,310+1.39759361.04
20041,294+0.49779351.04
20031,288-3.09639231.04
20021,328-0.89809401.04
20011,338--1,0089691.04

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Armidale Regional Council - Gross Regional Product
Armidale Regional Council - Gross Regional Product 2001, Resident GRP: 969 million 2002, Resident GRP: 940 million 2003, Resident GRP: 923 million 2004, Resident GRP: 935 million 2005, Resident GRP: 936 million 2006, Resident GRP: 950 million 2007, Resident GRP: 1,013 million 2008, Resident GRP: 1,094 million 2009, Resident GRP: 1,065 million 2010, Resident GRP: 1,107 million 2011, Resident GRP: 1,175 million 2012, Resident GRP: 1,194 million 2013, Resident GRP: 1,194 million 2014, Resident GRP: 1,223 million 2015, Resident GRP: 1,244 million 2016, Resident GRP: 1,291 million 2001, Industry GRP: 1,008 million 2002, Industry GRP: 980 million 2003, Industry GRP: 963 million 2004, Industry GRP: 977 million 2005, Industry GRP: 975 million 2006, Industry GRP: 990 million 2007, Industry GRP: 1,051 million 2008, Industry GRP: 1,127 million 2009, Industry GRP: 1,092 million 2010, Industry GRP: 1,130 million 2011, Industry GRP: 1,192 million 2012, Industry GRP: 1,208 million 2013, Industry GRP: 1,191 million 2014, Industry GRP: 1,202 million 2015, Industry GRP: 1,209 million 2016, Industry GRP: 1,234 million 2001, Headline GRP: 1,338 million 2002, Headline GRP: 1,328 million 2003, Headline GRP: 1,288 million 2004, Headline GRP: 1,294 million 2005, Headline GRP: 1,310 million 2006, Headline GRP: 1,320 million 2007, Headline GRP: 1,297 million 2008, Headline GRP: 1,323 million 2009, Headline GRP: 1,354 million 2010, Headline GRP: 1,391 million 2011, Headline GRP: 1,433 million 2012, Headline GRP: 1,411 million 2013, Headline GRP: 1,408 million 2014, Headline GRP: 1,403 million 2015, Headline GRP: 1,411 million 2016, Headline GRP: 1,414 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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