Redland City CouncilEconomic profile

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Redland City

Gross Regional Product

Redland City’s Gross Regional Product was $5.66 billion in the year ending June 2016, growing 2.0% 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 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.

Redland City - Gross Regional Product
Redland City - Gross Regional Product 2001, Resident GRP: 4,063 million 2002, Resident GRP: 4,439 million 2003, Resident GRP: 4,523 million 2004, Resident GRP: 4,928 million 2005, Resident GRP: 5,329 million 2006, Resident GRP: 5,685 million 2007, Resident GRP: 6,079 million 2008, Resident GRP: 6,546 million 2009, Resident GRP: 6,716 million 2010, Resident GRP: 6,764 million 2011, Resident GRP: 7,199 million 2012, Resident GRP: 7,328 million 2013, Resident GRP: 7,152 million 2014, Resident GRP: 7,100 million 2015, Resident GRP: 7,031 million 2016, Resident GRP: 6,711 million 2001, Industry GRP: 2,551 million 2002, Industry GRP: 2,717 million 2003, Industry GRP: 2,803 million 2004, Industry GRP: 3,064 million 2005, Industry GRP: 3,355 million 2006, Industry GRP: 3,577 million 2007, Industry GRP: 3,807 million 2008, Industry GRP: 4,122 million 2009, Industry GRP: 4,265 million 2010, Industry GRP: 4,275 million 2011, Industry GRP: 4,522 million 2012, Industry GRP: 4,545 million 2013, Industry GRP: 4,404 million 2014, Industry GRP: 4,410 million 2015, Industry GRP: 4,401 million 2016, Industry GRP: 4,299 million 2001, Headline GRP: 3,426 million 2002, Headline GRP: 3,659 million 2003, Headline GRP: 3,881 million 2004, Headline GRP: 4,073 million 2005, Headline GRP: 4,290 million 2006, Headline GRP: 4,462 million 2007, Headline GRP: 4,707 million 2008, Headline GRP: 4,933 million 2009, Headline GRP: 4,978 million 2010, Headline GRP: 4,979 million 2011, Headline GRP: 5,059 million 2012, Headline GRP: 5,176 million 2013, Headline GRP: 5,239 million 2014, Headline GRP: 5,423 million 2015, Headline GRP: 5,548 million 2016, Headline GRP: 5,659 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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