Central Coast NSWEconomic profile
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Central Coast Council area

Gross Regional Product

Central Coast Council area’s Gross Regional Product was $12.73 billion in the year ending June 2016, growing 3.0% 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

Central Coast 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
201612,732+3.011,76015,6760.75
201512,365+1.711,37515,0390.76
201412,159+0.611,15514,6060.76
201312,083+0.510,93714,2230.77
201212,019-1.311,12614,3250.78
201112,179+0.910,86013,8650.78
201012,072+1.810,29313,0930.79
200911,864-0.210,06812,8170.79
200811,884+0.110,42813,1940.79
200711,868-1.59,92112,5360.79
200612,055-1.39,82012,3470.80
200512,211-0.59,64912,1560.79
200412,270+2.99,13711,5570.79
200311,924+4.38,66910,9410.79
200211,432+0.48,46410,7170.79
200111,387--8,50910,6290.80

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.

Central Coast Council area - Gross Regional Product
Central Coast Council area - Gross Regional Product 2001, Resident GRP: 10,629 million 2002, Resident GRP: 10,717 million 2003, Resident GRP: 10,941 million 2004, Resident GRP: 11,557 million 2005, Resident GRP: 12,156 million 2006, Resident GRP: 12,347 million 2007, Resident GRP: 12,536 million 2008, Resident GRP: 13,194 million 2009, Resident GRP: 12,817 million 2010, Resident GRP: 13,093 million 2011, Resident GRP: 13,865 million 2012, Resident GRP: 14,325 million 2013, Resident GRP: 14,223 million 2014, Resident GRP: 14,606 million 2015, Resident GRP: 15,039 million 2016, Resident GRP: 15,676 million 2001, Industry GRP: 8,509 million 2002, Industry GRP: 8,464 million 2003, Industry GRP: 8,669 million 2004, Industry GRP: 9,137 million 2005, Industry GRP: 9,649 million 2006, Industry GRP: 9,820 million 2007, Industry GRP: 9,921 million 2008, Industry GRP: 10,428 million 2009, Industry GRP: 10,068 million 2010, Industry GRP: 10,293 million 2011, Industry GRP: 10,860 million 2012, Industry GRP: 11,126 million 2013, Industry GRP: 10,937 million 2014, Industry GRP: 11,155 million 2015, Industry GRP: 11,375 million 2016, Industry GRP: 11,760 million 2001, Headline GRP: 11,387 million 2002, Headline GRP: 11,432 million 2003, Headline GRP: 11,924 million 2004, Headline GRP: 12,270 million 2005, Headline GRP: 12,211 million 2006, Headline GRP: 12,055 million 2007, Headline GRP: 11,868 million 2008, Headline GRP: 11,884 million 2009, Headline GRP: 11,864 million 2010, Headline GRP: 12,072 million 2011, Headline GRP: 12,179 million 2012, Headline GRP: 12,019 million 2013, Headline GRP: 12,083 million 2014, Headline GRP: 12,159 million 2015, Headline GRP: 12,365 million 2016, Headline GRP: 12,732 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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