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Snowy Monaro Regional Council area

Gross Regional Product

Snowy Monaro Regional Council area’s Gross Regional Product was $1.09 billion in the year ending June 2016, growing 0.5% 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 Region. 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

Snowy Monaro Regional Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20161,093+0.58899920.90
20151,088+0.68849700.91
20141,081-1.18679450.92
20131,094+1.18559220.93
20121,082-2.28629180.94
20111,106+0.98499010.94
20101,096+1.18168640.94
20091,084+3.28058480.95
20081,051-1.88328670.96
20071,070-3.78058320.97
20061,111+1.38038260.97
20051,097+5.97848030.98
20041,037+0.97297390.99
20031,028-3.67277281.00
20021,066-2.37427351.01
20011,091--7487441.01

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

Data is based on 2014-15 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.

Snowy Monaro Regional Council area - Gross Regional Product
Snowy Monaro Regional Council area - Gross Regional Product 2001, Resident GRP: 744 million 2002, Resident GRP: 735 million 2003, Resident GRP: 728 million 2004, Resident GRP: 739 million 2005, Resident GRP: 803 million 2006, Resident GRP: 826 million 2007, Resident GRP: 832 million 2008, Resident GRP: 867 million 2009, Resident GRP: 848 million 2010, Resident GRP: 864 million 2011, Resident GRP: 901 million 2012, Resident GRP: 918 million 2013, Resident GRP: 922 million 2014, Resident GRP: 945 million 2015, Resident GRP: 970 million 2016, Resident GRP: 992 million 2001, Industry GRP: 748 million 2002, Industry GRP: 742 million 2003, Industry GRP: 727 million 2004, Industry GRP: 729 million 2005, Industry GRP: 784 million 2006, Industry GRP: 803 million 2007, Industry GRP: 805 million 2008, Industry GRP: 832 million 2009, Industry GRP: 805 million 2010, Industry GRP: 816 million 2011, Industry GRP: 849 million 2012, Industry GRP: 862 million 2013, Industry GRP: 855 million 2014, Industry GRP: 867 million 2015, Industry GRP: 884 million 2016, Industry GRP: 889 million 2001, Headline GRP: 1,091 million 2002, Headline GRP: 1,066 million 2003, Headline GRP: 1,028 million 2004, Headline GRP: 1,037 million 2005, Headline GRP: 1,097 million 2006, Headline GRP: 1,111 million 2007, Headline GRP: 1,070 million 2008, Headline GRP: 1,051 million 2009, Headline GRP: 1,084 million 2010, Headline GRP: 1,096 million 2011, Headline GRP: 1,106 million 2012, Headline GRP: 1,082 million 2013, Headline GRP: 1,094 million 2014, Headline GRP: 1,081 million 2015, Headline GRP: 1,088 million 2016, Headline GRP: 1,093 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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