Bega Valley ShireEconomic profile

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Bega Valley Shire

Gross Regional Product

Bega Valley Shire’s Gross Regional Product was $1.52 billion in the year ending June 2016, growing 2.1% 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

Bega Valley 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.

Bega Valley Shire - Gross Regional Product
Bega Valley Shire - Gross Regional Product 2001, Resident GRP: 879 million 2002, Resident GRP: 893 million 2003, Resident GRP: 913 million 2004, Resident GRP: 983 million 2005, Resident GRP: 1,062 million 2006, Resident GRP: 1,102 million 2007, Resident GRP: 1,127 million 2008, Resident GRP: 1,163 million 2009, Resident GRP: 1,143 million 2010, Resident GRP: 1,150 million 2011, Resident GRP: 1,221 million 2012, Resident GRP: 1,261 million 2013, Resident GRP: 1,241 million 2014, Resident GRP: 1,255 million 2015, Resident GRP: 1,287 million 2016, Resident GRP: 1,325 million 2001, Industry GRP: 844 million 2002, Industry GRP: 856 million 2003, Industry GRP: 869 million 2004, Industry GRP: 936 million 2005, Industry GRP: 1,011 million 2006, Industry GRP: 1,050 million 2007, Industry GRP: 1,073 million 2008, Industry GRP: 1,104 million 2009, Industry GRP: 1,082 million 2010, Industry GRP: 1,088 million 2011, Industry GRP: 1,153 million 2012, Industry GRP: 1,189 million 2013, Industry GRP: 1,161 million 2014, Industry GRP: 1,164 million 2015, Industry GRP: 1,184 million 2016, Industry GRP: 1,218 million 2001, Headline GRP: 1,242 million 2002, Headline GRP: 1,253 million 2003, Headline GRP: 1,280 million 2004, Headline GRP: 1,334 million 2005, Headline GRP: 1,365 million 2006, Headline GRP: 1,384 million 2007, Headline GRP: 1,354 million 2008, Headline GRP: 1,325 million 2009, Headline GRP: 1,350 million 2010, Headline GRP: 1,377 million 2011, Headline GRP: 1,423 million 2012, Headline GRP: 1,421 million 2013, Headline GRP: 1,426 million 2014, Headline GRP: 1,437 million 2015, Headline GRP: 1,487 million 2016, Headline GRP: 1,517 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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