Bega Valley ShireEconomic profile

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Bega Valley Shire

Gross Regional Product

Bega Valley Shire’s Gross Regional Product was $1.36 billion in the year ending June 2015, growing 2.5% 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: 904 million 2002, Resident GRP: 922 million 2003, Resident GRP: 946 million 2004, Resident GRP: 1,016 million 2005, Resident GRP: 1,092 million 2006, Resident GRP: 1,125 million 2007, Resident GRP: 1,141 million 2008, Resident GRP: 1,173 million 2009, Resident GRP: 1,151 million 2010, Resident GRP: 1,154 million 2011, Resident GRP: 1,229 million 2012, Resident GRP: 1,271 million 2013, Resident GRP: 1,252 million 2014, Resident GRP: 1,292 million 2015, Resident GRP: 1,307 million 2001, Industry GRP: 873 million 2002, Industry GRP: 894 million 2003, Industry GRP: 908 million 2004, Industry GRP: 967 million 2005, Industry GRP: 1,042 million 2006, Industry GRP: 1,076 million 2007, Industry GRP: 1,088 million 2008, Industry GRP: 1,116 million 2009, Industry GRP: 1,092 million 2010, Industry GRP: 1,094 million 2011, Industry GRP: 1,163 million 2012, Industry GRP: 1,204 million 2013, Industry GRP: 1,189 million 2014, Industry GRP: 1,231 million 2015, Industry GRP: 1,238 million 2001, Headline GRP: 1,086 million 2002, Headline GRP: 1,091 million 2003, Headline GRP: 1,101 million 2004, Headline GRP: 1,151 million 2005, Headline GRP: 1,204 million 2006, Headline GRP: 1,217 million 2007, Headline GRP: 1,175 million 2008, Headline GRP: 1,160 million 2009, Headline GRP: 1,178 million 2010, Headline GRP: 1,201 million 2011, Headline GRP: 1,252 million 2012, Headline GRP: 1,275 million 2013, Headline GRP: 1,299 million 2014, Headline GRP: 1,325 million 2015, Headline GRP: 1,358 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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