Redland City CouncilEconomic profile

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Redland City

Gross Regional Product

Redland City’s Gross Regional Product was $4.79 billion in the year ending June 2015, declining -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 City. 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

Redland City - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in 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.

Redland City - Gross Regional Product
Redland City - Gross Regional Product 2001, Resident GRP: 3,964 million 2002, Resident GRP: 4,359 million 2003, Resident GRP: 4,429 million 2004, Resident GRP: 4,845 million 2005, Resident GRP: 5,264 million 2006, Resident GRP: 5,612 million 2007, Resident GRP: 6,014 million 2008, Resident GRP: 6,427 million 2009, Resident GRP: 6,587 million 2010, Resident GRP: 6,651 million 2011, Resident GRP: 7,080 million 2012, Resident GRP: 7,213 million 2013, Resident GRP: 6,999 million 2014, Resident GRP: 7,000 million 2015, Resident GRP: 6,981 million 2001, Industry GRP: 2,446 million 2002, Industry GRP: 2,641 million 2003, Industry GRP: 2,718 million 2004, Industry GRP: 2,977 million 2005, Industry GRP: 3,266 million 2006, Industry GRP: 3,469 million 2007, Industry GRP: 3,750 million 2008, Industry GRP: 4,017 million 2009, Industry GRP: 4,090 million 2010, Industry GRP: 4,113 million 2011, Industry GRP: 4,357 million 2012, Industry GRP: 4,400 million 2013, Industry GRP: 4,241 million 2014, Industry GRP: 4,299 million 2015, Industry GRP: 4,286 million 2001, Headline GRP: 2,920 million 2002, Headline GRP: 3,123 million 2003, Headline GRP: 3,242 million 2004, Headline GRP: 3,418 million 2005, Headline GRP: 3,663 million 2006, Headline GRP: 3,835 million 2007, Headline GRP: 4,059 million 2008, Headline GRP: 4,217 million 2009, Headline GRP: 4,225 million 2010, Headline GRP: 4,274 million 2011, Headline GRP: 4,349 million 2012, Headline GRP: 4,470 million 2013, Headline GRP: 4,518 million 2014, Headline GRP: 4,797 million 2015, Headline GRP: 4,792 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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