Shire of Serpentine JarrahdaleEconomic profile
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Shire of Serpentine Jarrahdale

Gross Regional Product

Shire of Serpentine Jarrahdale’s Gross Regional Product was $0.94 billion in the year ending June 2016, growing 7.3% 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 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

Shire of Serpentine Jarrahdale - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2016941+7.36081,1390.53
2015877+7.96141,1880.52
2014813+12.05871,1820.50
2013725-3.25781,1640.50
2012750+12.75631,1230.50
2011665+7.05161,0160.51
2010622+3.44528750.52
2009601+2.74398460.52
2008585+14.44237990.53
2007512+12.53596910.52
2006455+6.83216190.52
2005426+8.73136120.51
2004392+9.82815750.49
2003357+7.52655580.47
2002332+5.82595640.46
2001314--2474970.50

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 2014-15 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.

Shire of Serpentine Jarrahdale - Gross Regional Product
Shire of Serpentine Jarrahdale - Gross Regional Product 2001, Resident GRP: 497 million 2002, Resident GRP: 564 million 2003, Resident GRP: 558 million 2004, Resident GRP: 575 million 2005, Resident GRP: 612 million 2006, Resident GRP: 619 million 2007, Resident GRP: 691 million 2008, Resident GRP: 799 million 2009, Resident GRP: 846 million 2010, Resident GRP: 875 million 2011, Resident GRP: 1,016 million 2012, Resident GRP: 1,123 million 2013, Resident GRP: 1,164 million 2014, Resident GRP: 1,182 million 2015, Resident GRP: 1,188 million 2016, Resident GRP: 1,139 million 2001, Industry GRP: 247 million 2002, Industry GRP: 259 million 2003, Industry GRP: 265 million 2004, Industry GRP: 281 million 2005, Industry GRP: 313 million 2006, Industry GRP: 321 million 2007, Industry GRP: 359 million 2008, Industry GRP: 423 million 2009, Industry GRP: 439 million 2010, Industry GRP: 452 million 2011, Industry GRP: 516 million 2012, Industry GRP: 563 million 2013, Industry GRP: 578 million 2014, Industry GRP: 587 million 2015, Industry GRP: 614 million 2016, Industry GRP: 608 million 2001, Headline GRP: 314 million 2002, Headline GRP: 332 million 2003, Headline GRP: 357 million 2004, Headline GRP: 392 million 2005, Headline GRP: 426 million 2006, Headline GRP: 455 million 2007, Headline GRP: 512 million 2008, Headline GRP: 585 million 2009, Headline GRP: 601 million 2010, Headline GRP: 622 million 2011, Headline GRP: 665 million 2012, Headline GRP: 750 million 2013, Headline GRP: 725 million 2014, Headline GRP: 813 million 2015, Headline GRP: 877 million 2016, Headline GRP: 941 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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