Armidale Regional CouncilEconomic profile
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Armidale Regional Council

Gross Regional Product

Armidale Regional Council’s Gross Regional Product was $1.25 billion in the year ending June 2015, growing 2.3% 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 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 Employment Capacity and 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
20151,252+2.31,0681,0511.02
20141,224-2.41,0631,0501.01
20131,254+2.01,0551,0061.05
20121,229+3.21,0731,0131.06
20111,192+2.31,0259911.03
20101,165+1.49669241.05
20091,148+1.99498971.06
20081,127+4.29689161.06
20071,081+1.08978521.05
20061,071+0.68788331.05
20051,064+0.78578111.06
20041,057+0.48077611.06
20031,053-2.97807301.07
20021,084-2.37907351.07
20011,110--8047551.07

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 2013-14 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: 755 million 2002, Resident GRP: 735 million 2003, Resident GRP: 730 million 2004, Resident GRP: 761 million 2005, Resident GRP: 811 million 2006, Resident GRP: 833 million 2007, Resident GRP: 852 million 2008, Resident GRP: 916 million 2009, Resident GRP: 897 million 2010, Resident GRP: 924 million 2011, Resident GRP: 991 million 2012, Resident GRP: 1,013 million 2013, Resident GRP: 1,006 million 2014, Resident GRP: 1,050 million 2015, Resident GRP: 1,051 million 2001, Industry GRP: 804 million 2002, Industry GRP: 790 million 2003, Industry GRP: 780 million 2004, Industry GRP: 807 million 2005, Industry GRP: 857 million 2006, Industry GRP: 878 million 2007, Industry GRP: 897 million 2008, Industry GRP: 968 million 2009, Industry GRP: 949 million 2010, Industry GRP: 966 million 2011, Industry GRP: 1,025 million 2012, Industry GRP: 1,073 million 2013, Industry GRP: 1,055 million 2014, Industry GRP: 1,063 million 2015, Industry GRP: 1,068 million 2001, Headline GRP: 1,110 million 2002, Headline GRP: 1,084 million 2003, Headline GRP: 1,053 million 2004, Headline GRP: 1,057 million 2005, Headline GRP: 1,064 million 2006, Headline GRP: 1,071 million 2007, Headline GRP: 1,081 million 2008, Headline GRP: 1,127 million 2009, Headline GRP: 1,148 million 2010, Headline GRP: 1,165 million 2011, Headline GRP: 1,192 million 2012, Headline GRP: 1,229 million 2013, Headline GRP: 1,254 million 2014, Headline GRP: 1,224 million 2015, Headline GRP: 1,252 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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