Balonne ShireEconomic profile

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Balonne Shire

Gross Regional Product

Balonne Shire’s Gross Regional Product was $0.32 billion in the year ending June 2015, growing 1.3% 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 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

Balonne 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 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.

Balonne Shire - Gross Regional Product
Balonne Shire - Gross Regional Product 2001, Resident GRP: 361 million 2002, Resident GRP: 367 million 2003, Resident GRP: 317 million 2004, Resident GRP: 279 million 2005, Resident GRP: 259 million 2006, Resident GRP: 224 million 2007, Resident GRP: 206 million 2008, Resident GRP: 203 million 2009, Resident GRP: 198 million 2010, Resident GRP: 197 million 2011, Resident GRP: 205 million 2012, Resident GRP: 209 million 2013, Resident GRP: 201 million 2014, Resident GRP: 192 million 2015, Resident GRP: 188 million 2001, Industry GRP: 351 million 2002, Industry GRP: 358 million 2003, Industry GRP: 314 million 2004, Industry GRP: 283 million 2005, Industry GRP: 267 million 2006, Industry GRP: 230 million 2007, Industry GRP: 210 million 2008, Industry GRP: 208 million 2009, Industry GRP: 203 million 2010, Industry GRP: 198 million 2011, Industry GRP: 206 million 2012, Industry GRP: 213 million 2013, Industry GRP: 201 million 2014, Industry GRP: 192 million 2015, Industry GRP: 188 million 2001, Headline GRP: 497 million 2002, Headline GRP: 507 million 2003, Headline GRP: 431 million 2004, Headline GRP: 406 million 2005, Headline GRP: 375 million 2006, Headline GRP: 323 million 2007, Headline GRP: 276 million 2008, Headline GRP: 278 million 2009, Headline GRP: 297 million 2010, Headline GRP: 284 million 2011, Headline GRP: 287 million 2012, Headline GRP: 306 million 2013, Headline GRP: 300 million 2014, Headline GRP: 311 million 2015, Headline GRP: 315 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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