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 $0.72 billion in the year ending June 2015, declining -1.9% 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
2015723-1.96181,1970.52
2014737+13.85871,1750.50
2013648-2.45631,1410.49
2012664+14.15441,1010.49
2011581+4.84969960.50
2010555+1.84358510.51
2009545+4.44258270.51
2008522+13.14107790.53
2007461+9.23496740.52
2006422+9.33156070.52
2005387+3.72985860.51
2004373+13.52725570.49
2003328+4.32565340.48
2002315+5.22555430.47
2001299--2414750.51

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.

Shire of Serpentine Jarrahdale - Gross Regional Product
Shire of Serpentine Jarrahdale - Gross Regional Product 2001, Resident GRP: 475 million 2002, Resident GRP: 543 million 2003, Resident GRP: 534 million 2004, Resident GRP: 557 million 2005, Resident GRP: 586 million 2006, Resident GRP: 607 million 2007, Resident GRP: 674 million 2008, Resident GRP: 779 million 2009, Resident GRP: 827 million 2010, Resident GRP: 851 million 2011, Resident GRP: 996 million 2012, Resident GRP: 1,101 million 2013, Resident GRP: 1,141 million 2014, Resident GRP: 1,175 million 2015, Resident GRP: 1,197 million 2001, Industry GRP: 241 million 2002, Industry GRP: 255 million 2003, Industry GRP: 256 million 2004, Industry GRP: 272 million 2005, Industry GRP: 298 million 2006, Industry GRP: 315 million 2007, Industry GRP: 349 million 2008, Industry GRP: 410 million 2009, Industry GRP: 425 million 2010, Industry GRP: 435 million 2011, Industry GRP: 496 million 2012, Industry GRP: 544 million 2013, Industry GRP: 563 million 2014, Industry GRP: 587 million 2015, Industry GRP: 618 million 2001, Headline GRP: 299 million 2002, Headline GRP: 315 million 2003, Headline GRP: 328 million 2004, Headline GRP: 373 million 2005, Headline GRP: 387 million 2006, Headline GRP: 422 million 2007, Headline GRP: 461 million 2008, Headline GRP: 522 million 2009, Headline GRP: 545 million 2010, Headline GRP: 555 million 2011, Headline GRP: 581 million 2012, Headline GRP: 664 million 2013, Headline GRP: 648 million 2014, Headline GRP: 737 million 2015, Headline GRP: 723 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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