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SHOROC Region

Gross Regional Product

SHOROC Region’s Gross Regional Product was $16.99 billion in the year ending June 2016, growing 4.2% 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

SHOROC Region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201616,990+4.216,81924,5790.68
201516,307+2.116,55523,7680.70
201415,973+0.616,17722,9690.70
201315,872+1.015,63022,0380.71
201215,713-0.315,99622,3980.71
201115,767+1.215,91022,0890.72
201015,588-0.815,18321,0230.72
200915,714015,44721,4290.72
200815,709+2.315,83222,0050.72
200715,351+0.414,89720,7670.72
200615,286+1.014,58120,2330.72
200515,130+0.114,23819,7870.72
200415,109+0.613,55818,7100.72
200315,013+1.313,04717,7000.74
200214,822+0.112,78217,2630.74
200114,812--12,95617,2650.75

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.

SHOROC Region - Gross Regional Product
SHOROC Region - Gross Regional Product 2001, Resident GRP: 17,265 million 2002, Resident GRP: 17,263 million 2003, Resident GRP: 17,700 million 2004, Resident GRP: 18,710 million 2005, Resident GRP: 19,787 million 2006, Resident GRP: 20,233 million 2007, Resident GRP: 20,767 million 2008, Resident GRP: 22,005 million 2009, Resident GRP: 21,429 million 2010, Resident GRP: 21,023 million 2011, Resident GRP: 22,089 million 2012, Resident GRP: 22,398 million 2013, Resident GRP: 22,038 million 2014, Resident GRP: 22,969 million 2015, Resident GRP: 23,768 million 2016, Resident GRP: 24,579 million 2001, Industry GRP: 12,956 million 2002, Industry GRP: 12,782 million 2003, Industry GRP: 13,047 million 2004, Industry GRP: 13,558 million 2005, Industry GRP: 14,238 million 2006, Industry GRP: 14,581 million 2007, Industry GRP: 14,897 million 2008, Industry GRP: 15,832 million 2009, Industry GRP: 15,447 million 2010, Industry GRP: 15,183 million 2011, Industry GRP: 15,910 million 2012, Industry GRP: 15,996 million 2013, Industry GRP: 15,630 million 2014, Industry GRP: 16,177 million 2015, Industry GRP: 16,555 million 2016, Industry GRP: 16,819 million 2001, Headline GRP: 14,812 million 2002, Headline GRP: 14,822 million 2003, Headline GRP: 15,013 million 2004, Headline GRP: 15,109 million 2005, Headline GRP: 15,130 million 2006, Headline GRP: 15,286 million 2007, Headline GRP: 15,351 million 2008, Headline GRP: 15,709 million 2009, Headline GRP: 15,714 million 2010, Headline GRP: 15,588 million 2011, Headline GRP: 15,767 million 2012, Headline GRP: 15,713 million 2013, Headline GRP: 15,872 million 2014, Headline GRP: 15,973 million 2015, Headline GRP: 16,307 million 2016, Headline GRP: 16,990 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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