Ballina Shire CouncilEconomic profile

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Ballina Shire

Gross Regional Product

Ballina Shire’s Gross Regional Product was $1.89 billion in the year ending June 2016, growing 2.2% 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 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: 1,172 million 2002, Resident GRP: 1,197 million 2003, Resident GRP: 1,260 million 2004, Resident GRP: 1,374 million 2005, Resident GRP: 1,493 million 2006, Resident GRP: 1,586 million 2007, Resident GRP: 1,643 million 2008, Resident GRP: 1,742 million 2009, Resident GRP: 1,699 million 2010, Resident GRP: 1,716 million 2011, Resident GRP: 1,752 million 2012, Resident GRP: 1,743 million 2013, Resident GRP: 1,724 million 2014, Resident GRP: 1,778 million 2015, Resident GRP: 1,806 million 2016, Resident GRP: 1,882 million 2001, Industry GRP: 993 million 2002, Industry GRP: 1,013 million 2003, Industry GRP: 1,068 million 2004, Industry GRP: 1,169 million 2005, Industry GRP: 1,282 million 2006, Industry GRP: 1,366 million 2007, Industry GRP: 1,411 million 2008, Industry GRP: 1,505 million 2009, Industry GRP: 1,483 million 2010, Industry GRP: 1,511 million 2011, Industry GRP: 1,563 million 2012, Industry GRP: 1,571 million 2013, Industry GRP: 1,549 million 2014, Industry GRP: 1,582 million 2015, Industry GRP: 1,583 million 2016, Industry GRP: 1,612 million 2001, Headline GRP: 1,321 million 2002, Headline GRP: 1,349 million 2003, Headline GRP: 1,435 million 2004, Headline GRP: 1,511 million 2005, Headline GRP: 1,582 million 2006, Headline GRP: 1,630 million 2007, Headline GRP: 1,688 million 2008, Headline GRP: 1,738 million 2009, Headline GRP: 1,770 million 2010, Headline GRP: 1,826 million 2011, Headline GRP: 1,822 million 2012, Headline GRP: 1,764 million 2013, Headline GRP: 1,757 million 2014, Headline GRP: 1,825 million 2015, Headline GRP: 1,855 million 2016, Headline GRP: 1,895 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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