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Tablelands

Gross Regional Product

Tablelands’s Gross Regional Product was $1.29 billion in the year ending June 2016, growing 0.0% 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 Regional Council. 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

Tablelands - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20161,28807988120.98
20151,287+0.48238410.98
20141,282+1.58458630.98
20131,263+0.38888970.99
20121,259+1.58938911.00
20111,240-7.08989031.00
20101,334+1.39119091.00
20091,316+5.19219330.99
20081,252+3.59029210.98
20071,210+5.58628780.98
20061,147+7.87998120.98
20051,064+8.77237290.99
2004979+4.76476550.99
2003935+0.36166190.99
2002933+1.76216231.00
2001918--6076051.00

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.

Tablelands - Gross Regional Product
Tablelands - Gross Regional Product 2001, Resident GRP: 605 million 2002, Resident GRP: 623 million 2003, Resident GRP: 619 million 2004, Resident GRP: 655 million 2005, Resident GRP: 729 million 2006, Resident GRP: 812 million 2007, Resident GRP: 878 million 2008, Resident GRP: 921 million 2009, Resident GRP: 933 million 2010, Resident GRP: 909 million 2011, Resident GRP: 903 million 2012, Resident GRP: 891 million 2013, Resident GRP: 897 million 2014, Resident GRP: 863 million 2015, Resident GRP: 841 million 2016, Resident GRP: 812 million 2001, Industry GRP: 607 million 2002, Industry GRP: 621 million 2003, Industry GRP: 616 million 2004, Industry GRP: 647 million 2005, Industry GRP: 723 million 2006, Industry GRP: 799 million 2007, Industry GRP: 862 million 2008, Industry GRP: 902 million 2009, Industry GRP: 921 million 2010, Industry GRP: 911 million 2011, Industry GRP: 898 million 2012, Industry GRP: 893 million 2013, Industry GRP: 888 million 2014, Industry GRP: 845 million 2015, Industry GRP: 823 million 2016, Industry GRP: 798 million 2001, Headline GRP: 918 million 2002, Headline GRP: 933 million 2003, Headline GRP: 935 million 2004, Headline GRP: 979 million 2005, Headline GRP: 1,064 million 2006, Headline GRP: 1,147 million 2007, Headline GRP: 1,210 million 2008, Headline GRP: 1,252 million 2009, Headline GRP: 1,316 million 2010, Headline GRP: 1,334 million 2011, Headline GRP: 1,240 million 2012, Headline GRP: 1,259 million 2013, Headline GRP: 1,263 million 2014, Headline GRP: 1,282 million 2015, Headline GRP: 1,287 million 2016, Headline GRP: 1,288 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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