Central Coast NSWEconomic profile

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Central Coast Council area

Gross Regional Product

Central Coast Council area’s Gross Regional Product was $11.77 billion in the year ending June 2015, growing 2.6% 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
201511,773+2.611,41014,7470.77
201411,472+2.111,37214,6670.78
201311,235+2.010,99114,1340.78
201211,016-0.811,15014,2690.78
201111,100+1.310,90813,8700.79
201010,961+1.410,30413,0730.79
200910,808+0.410,10312,8090.79
200810,769+0.310,47813,1820.79
200710,734-1.29,97812,5120.80
200610,860-1.09,80812,2850.80
200510,965+0.89,64512,0760.80
200410,876+2.59,18711,4860.80
200310,607+2.78,73010,8980.80
200210,330+0.28,52210,6600.80
200110,307--8,54310,5430.81

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 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.

Central Coast Council area - Gross Regional Product
Central Coast Council area - Gross Regional Product 2001, Resident GRP: 10,543 million 2002, Resident GRP: 10,660 million 2003, Resident GRP: 10,898 million 2004, Resident GRP: 11,486 million 2005, Resident GRP: 12,076 million 2006, Resident GRP: 12,285 million 2007, Resident GRP: 12,512 million 2008, Resident GRP: 13,182 million 2009, Resident GRP: 12,809 million 2010, Resident GRP: 13,073 million 2011, Resident GRP: 13,870 million 2012, Resident GRP: 14,269 million 2013, Resident GRP: 14,134 million 2014, Resident GRP: 14,667 million 2015, Resident GRP: 14,747 million 2001, Industry GRP: 8,543 million 2002, Industry GRP: 8,522 million 2003, Industry GRP: 8,730 million 2004, Industry GRP: 9,187 million 2005, Industry GRP: 9,645 million 2006, Industry GRP: 9,808 million 2007, Industry GRP: 9,978 million 2008, Industry GRP: 10,478 million 2009, Industry GRP: 10,103 million 2010, Industry GRP: 10,304 million 2011, Industry GRP: 10,908 million 2012, Industry GRP: 11,150 million 2013, Industry GRP: 10,991 million 2014, Industry GRP: 11,372 million 2015, Industry GRP: 11,410 million 2001, Headline GRP: 10,307 million 2002, Headline GRP: 10,330 million 2003, Headline GRP: 10,607 million 2004, Headline GRP: 10,876 million 2005, Headline GRP: 10,965 million 2006, Headline GRP: 10,860 million 2007, Headline GRP: 10,734 million 2008, Headline GRP: 10,769 million 2009, Headline GRP: 10,808 million 2010, Headline GRP: 10,961 million 2011, Headline GRP: 11,100 million 2012, Headline GRP: 11,016 million 2013, Headline GRP: 11,235 million 2014, Headline GRP: 11,472 million 2015, Headline GRP: 11,773 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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