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Fraser Coast Regional Council

Gross Regional Product

Fraser Coast Regional Council’s Gross Regional Product was $3.79 billion in the year ending June 2016, growing 0.1% 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

Fraser Coast Regional Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20163,787+0.12,6772,8690.93
20153,784+0.52,7762,9890.93
20143,766+4.52,8283,0560.93
20133,605+0.92,8743,0920.93
20123,572+1.32,9353,1370.94
20113,526-0.62,8993,0790.94
20103,548-3.62,8012,9580.95
20093,681+0.12,8583,0030.95
20083,679+1.12,8462,9800.96
20073,638+5.72,7192,8390.96
20063,442+8.42,5312,6360.96
20053,176+10.72,2952,3860.96
20042,868+9.42,0212,0950.96
20032,621+6.61,7731,8290.97
20022,458+5.71,7211,7630.98
20012,326--1,6131,6450.98

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.

Fraser Coast Regional Council - Gross Regional Product
Fraser Coast Regional Council - Gross Regional Product 2001, Resident GRP: 1,645 million 2002, Resident GRP: 1,763 million 2003, Resident GRP: 1,829 million 2004, Resident GRP: 2,095 million 2005, Resident GRP: 2,386 million 2006, Resident GRP: 2,636 million 2007, Resident GRP: 2,839 million 2008, Resident GRP: 2,980 million 2009, Resident GRP: 3,003 million 2010, Resident GRP: 2,958 million 2011, Resident GRP: 3,079 million 2012, Resident GRP: 3,137 million 2013, Resident GRP: 3,092 million 2014, Resident GRP: 3,056 million 2015, Resident GRP: 2,989 million 2016, Resident GRP: 2,869 million 2001, Industry GRP: 1,613 million 2002, Industry GRP: 1,721 million 2003, Industry GRP: 1,773 million 2004, Industry GRP: 2,021 million 2005, Industry GRP: 2,295 million 2006, Industry GRP: 2,531 million 2007, Industry GRP: 2,719 million 2008, Industry GRP: 2,846 million 2009, Industry GRP: 2,858 million 2010, Industry GRP: 2,801 million 2011, Industry GRP: 2,899 million 2012, Industry GRP: 2,935 million 2013, Industry GRP: 2,874 million 2014, Industry GRP: 2,828 million 2015, Industry GRP: 2,776 million 2016, Industry GRP: 2,677 million 2001, Headline GRP: 2,326 million 2002, Headline GRP: 2,458 million 2003, Headline GRP: 2,621 million 2004, Headline GRP: 2,868 million 2005, Headline GRP: 3,176 million 2006, Headline GRP: 3,442 million 2007, Headline GRP: 3,638 million 2008, Headline GRP: 3,679 million 2009, Headline GRP: 3,681 million 2010, Headline GRP: 3,548 million 2011, Headline GRP: 3,526 million 2012, Headline GRP: 3,572 million 2013, Headline GRP: 3,605 million 2014, Headline GRP: 3,766 million 2015, Headline GRP: 3,784 million 2016, Headline GRP: 3,787 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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