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Waratah-Wynyard Council area

Gross Regional Product

Waratah-Wynyard Council area’s Gross Regional Product was $0.47 billion in the year ending June 2016, declining -0.7% 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

Waratah-Wynyard 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
2016468-0.73254350.75
2015472+2.23314430.75
2014461+2.33424580.75
2013451-4.73394540.75
2012473-1.93584750.75
2011482-0.13694980.74
2010483-1.33564980.72
2009489+3.33544990.71
2008473+6.53575070.70
2007444+3.83184630.69
2006428+8.13044360.70
2005396+3.12733890.70
2004384+10.92373410.69
2003346+0.62163030.71
2002344+2.12032790.73
2001337--2032710.75

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 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.

Waratah-Wynyard Council area - Gross Regional Product
Waratah-Wynyard Council area - Gross Regional Product 2001, Resident GRP: 271 million 2002, Resident GRP: 279 million 2003, Resident GRP: 303 million 2004, Resident GRP: 341 million 2005, Resident GRP: 389 million 2006, Resident GRP: 436 million 2007, Resident GRP: 463 million 2008, Resident GRP: 507 million 2009, Resident GRP: 499 million 2010, Resident GRP: 498 million 2011, Resident GRP: 498 million 2012, Resident GRP: 475 million 2013, Resident GRP: 454 million 2014, Resident GRP: 458 million 2015, Resident GRP: 443 million 2016, Resident GRP: 435 million 2001, Industry GRP: 203 million 2002, Industry GRP: 203 million 2003, Industry GRP: 216 million 2004, Industry GRP: 237 million 2005, Industry GRP: 273 million 2006, Industry GRP: 304 million 2007, Industry GRP: 318 million 2008, Industry GRP: 357 million 2009, Industry GRP: 354 million 2010, Industry GRP: 356 million 2011, Industry GRP: 369 million 2012, Industry GRP: 358 million 2013, Industry GRP: 339 million 2014, Industry GRP: 342 million 2015, Industry GRP: 331 million 2016, Industry GRP: 325 million 2001, Headline GRP: 337 million 2002, Headline GRP: 344 million 2003, Headline GRP: 346 million 2004, Headline GRP: 384 million 2005, Headline GRP: 396 million 2006, Headline GRP: 428 million 2007, Headline GRP: 444 million 2008, Headline GRP: 473 million 2009, Headline GRP: 489 million 2010, Headline GRP: 483 million 2011, Headline GRP: 482 million 2012, Headline GRP: 473 million 2013, Headline GRP: 451 million 2014, Headline GRP: 461 million 2015, Headline GRP: 472 million 2016, Headline GRP: 468 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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