Gunnedah Shire CouncilEconomic profile

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Gunnedah Shire

Gross Regional Product

Gunnedah Shire’s Gross Regional Product was $1.32 billion in the year ending June 2015, growing 2.2% 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 Shire. 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

Gunnedah Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20151,322+2.21,0311,0700.96
20141,293-0.41,0241,0790.95
20131,298+2.71,0051,0470.96
20121,265+4.01,0141,0510.97
20111,217+6.39561,0070.95
20101,145+5.28869280.95
20091,088+10.08599050.95
2008988+4.18629200.94
2007949-0.27958480.94
2006951-0.87698140.95
2005959+3.47597940.96
2004927+2.57247560.96
2003904-3.67257460.97
2002938+1.07537800.97
2001929--7588060.94

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.

Gunnedah Shire - Gross Regional Product
Gunnedah Shire - Gross Regional Product 2001, Resident GRP: 806 million 2002, Resident GRP: 780 million 2003, Resident GRP: 746 million 2004, Resident GRP: 756 million 2005, Resident GRP: 794 million 2006, Resident GRP: 814 million 2007, Resident GRP: 848 million 2008, Resident GRP: 920 million 2009, Resident GRP: 905 million 2010, Resident GRP: 928 million 2011, Resident GRP: 1,007 million 2012, Resident GRP: 1,051 million 2013, Resident GRP: 1,047 million 2014, Resident GRP: 1,079 million 2015, Resident GRP: 1,070 million 2001, Industry GRP: 758 million 2002, Industry GRP: 753 million 2003, Industry GRP: 725 million 2004, Industry GRP: 724 million 2005, Industry GRP: 759 million 2006, Industry GRP: 769 million 2007, Industry GRP: 795 million 2008, Industry GRP: 862 million 2009, Industry GRP: 859 million 2010, Industry GRP: 886 million 2011, Industry GRP: 956 million 2012, Industry GRP: 1,014 million 2013, Industry GRP: 1,005 million 2014, Industry GRP: 1,024 million 2015, Industry GRP: 1,031 million 2001, Headline GRP: 929 million 2002, Headline GRP: 938 million 2003, Headline GRP: 904 million 2004, Headline GRP: 927 million 2005, Headline GRP: 959 million 2006, Headline GRP: 951 million 2007, Headline GRP: 949 million 2008, Headline GRP: 988 million 2009, Headline GRP: 1,088 million 2010, Headline GRP: 1,145 million 2011, Headline GRP: 1,217 million 2012, Headline GRP: 1,265 million 2013, Headline GRP: 1,298 million 2014, Headline GRP: 1,293 million 2015, Headline GRP: 1,322 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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