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West Coast Council area

Gross Regional Product

West Coast Council area’s Gross Regional Product was $0.31 billion in the year ending June 2016, growing 0.3% 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

West 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
2016313+0.31621401.16
2015312-3.11701461.16
2014322-0.71881531.23
2013324-5.92021581.28
2012344+7.82081611.29
2011319-3.31951571.24
2010330+0.71921591.21
2009328+8.31771521.16
2008303+6.61621431.13
2007284-5.01441311.10
2006299-1.51431321.09
2005304-5.61351251.07
2004322-0.71281201.07
2003324-4.91271191.07
2002341+1.91291221.06
2001334--1201131.06

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.

West Coast Council area - Gross Regional Product
West Coast Council area - Gross Regional Product 2001, Resident GRP: 113 million 2002, Resident GRP: 122 million 2003, Resident GRP: 119 million 2004, Resident GRP: 120 million 2005, Resident GRP: 125 million 2006, Resident GRP: 132 million 2007, Resident GRP: 131 million 2008, Resident GRP: 143 million 2009, Resident GRP: 152 million 2010, Resident GRP: 159 million 2011, Resident GRP: 157 million 2012, Resident GRP: 161 million 2013, Resident GRP: 158 million 2014, Resident GRP: 153 million 2015, Resident GRP: 146 million 2016, Resident GRP: 140 million 2001, Industry GRP: 120 million 2002, Industry GRP: 129 million 2003, Industry GRP: 127 million 2004, Industry GRP: 128 million 2005, Industry GRP: 135 million 2006, Industry GRP: 143 million 2007, Industry GRP: 144 million 2008, Industry GRP: 162 million 2009, Industry GRP: 177 million 2010, Industry GRP: 192 million 2011, Industry GRP: 195 million 2012, Industry GRP: 208 million 2013, Industry GRP: 202 million 2014, Industry GRP: 188 million 2015, Industry GRP: 170 million 2016, Industry GRP: 162 million 2001, Headline GRP: 334 million 2002, Headline GRP: 341 million 2003, Headline GRP: 324 million 2004, Headline GRP: 322 million 2005, Headline GRP: 304 million 2006, Headline GRP: 299 million 2007, Headline GRP: 284 million 2008, Headline GRP: 303 million 2009, Headline GRP: 328 million 2010, Headline GRP: 330 million 2011, Headline GRP: 319 million 2012, Headline GRP: 344 million 2013, Headline GRP: 324 million 2014, Headline GRP: 322 million 2015, Headline GRP: 312 million 2016, Headline GRP: 313 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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