Ballina Shire CouncilEconomic profile

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Ballina Shire

Gross Regional Product

Ballina Shire’s Gross Regional Product was $1.77 billion in the year ending June 2015, growing 4.0% 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 Shire. 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

Ballina Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio

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

Data is based on 2015-16 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.

Ballina Shire - Gross Regional Product
Ballina Shire - Gross Regional Product 2001, Resident GRP: 1,179 million 2002, Resident GRP: 1,207 million 2003, Resident GRP: 1,264 million 2004, Resident GRP: 1,376 million 2005, Resident GRP: 1,490 million 2006, Resident GRP: 1,581 million 2007, Resident GRP: 1,645 million 2008, Resident GRP: 1,730 million 2009, Resident GRP: 1,691 million 2010, Resident GRP: 1,715 million 2011, Resident GRP: 1,742 million 2012, Resident GRP: 1,745 million 2013, Resident GRP: 1,726 million 2014, Resident GRP: 1,804 million 2015, Resident GRP: 1,790 million 2001, Industry GRP: 1,017 million 2002, Industry GRP: 1,035 million 2003, Industry GRP: 1,087 million 2004, Industry GRP: 1,181 million 2005, Industry GRP: 1,281 million 2006, Industry GRP: 1,362 million 2007, Industry GRP: 1,440 million 2008, Industry GRP: 1,520 million 2009, Industry GRP: 1,487 million 2010, Industry GRP: 1,511 million 2011, Industry GRP: 1,548 million 2012, Industry GRP: 1,560 million 2013, Industry GRP: 1,533 million 2014, Industry GRP: 1,587 million 2015, Industry GRP: 1,572 million 2001, Headline GRP: 1,211 million 2002, Headline GRP: 1,229 million 2003, Headline GRP: 1,295 million 2004, Headline GRP: 1,370 million 2005, Headline GRP: 1,430 million 2006, Headline GRP: 1,486 million 2007, Headline GRP: 1,541 million 2008, Headline GRP: 1,584 million 2009, Headline GRP: 1,617 million 2010, Headline GRP: 1,688 million 2011, Headline GRP: 1,647 million 2012, Headline GRP: 1,612 million 2013, Headline GRP: 1,623 million 2014, Headline GRP: 1,698 million 2015, Headline GRP: 1,766 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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