The Hills Shire CouncilEconomic profile

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The Hills Shire

Gross Regional Product

The Hills Shire’s Gross Regional Product was $10.37 billion in the year ending June 2016, growing 6.8% 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 Shire. 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

The Hills Shire - 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.

The Hills Shire - Gross Regional Product
The Hills Shire - Gross Regional Product 2001, Resident GRP: 8,061 million 2002, Resident GRP: 8,111 million 2003, Resident GRP: 8,344 million 2004, Resident GRP: 8,912 million 2005, Resident GRP: 9,504 million 2006, Resident GRP: 9,745 million 2007, Resident GRP: 9,970 million 2008, Resident GRP: 10,634 million 2009, Resident GRP: 10,411 million 2010, Resident GRP: 10,525 million 2011, Resident GRP: 11,231 million 2012, Resident GRP: 11,687 million 2013, Resident GRP: 11,686 million 2014, Resident GRP: 12,068 million 2015, Resident GRP: 12,508 million 2016, Resident GRP: 13,059 million 2001, Industry GRP: 5,848 million 2002, Industry GRP: 5,811 million 2003, Industry GRP: 5,972 million 2004, Industry GRP: 6,302 million 2005, Industry GRP: 6,697 million 2006, Industry GRP: 6,824 million 2007, Industry GRP: 6,933 million 2008, Industry GRP: 7,436 million 2009, Industry GRP: 7,321 million 2010, Industry GRP: 7,482 million 2011, Industry GRP: 8,043 million 2012, Industry GRP: 8,337 million 2013, Industry GRP: 8,275 million 2014, Industry GRP: 8,683 million 2015, Industry GRP: 9,124 million 2016, Industry GRP: 9,485 million 2001, Headline GRP: 6,868 million 2002, Headline GRP: 6,977 million 2003, Headline GRP: 7,203 million 2004, Headline GRP: 7,363 million 2005, Headline GRP: 7,455 million 2006, Headline GRP: 7,372 million 2007, Headline GRP: 7,400 million 2008, Headline GRP: 7,669 million 2009, Headline GRP: 7,844 million 2010, Headline GRP: 8,100 million 2011, Headline GRP: 8,337 million 2012, Headline GRP: 8,545 million 2013, Headline GRP: 8,816 million 2014, Headline GRP: 9,148 million 2015, Headline GRP: 9,709 million 2016, Headline GRP: 10,374 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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