The Hills Shire CouncilEconomic profile

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The Hills Shire

Gross Regional Product

The Hills Shire’s Gross Regional Product was $8.44 billion in the year ending June 2015, growing 5.5% 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
20158,436+5.58,04421,3770.38
20147,995+4.77,84921,0890.37
20137,635+2.87,40120,1950.37
20127,425+2.77,43720,1180.37
20117,229+3.27,12919,2040.37
20107,003+3.56,62217,9970.37
20096,763+3.16,46517,8070.36
20086,560+4.26,54018,1670.36
20076,298+0.66,07317,0280.36
20066,261-0.55,89316,5230.36
20056,290+0.95,79016,1160.36
20046,231+2.75,51915,1180.37
20036,067+2.55,24214,2000.37
20025,916+1.75,07613,6930.37
20015,819--5,05813,4940.37

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.

The Hills Shire - Gross Regional Product
The Hills Shire - Gross Regional Product 2001, Resident GRP: 13,494 million 2002, Resident GRP: 13,693 million 2003, Resident GRP: 14,200 million 2004, Resident GRP: 15,118 million 2005, Resident GRP: 16,116 million 2006, Resident GRP: 16,523 million 2007, Resident GRP: 17,028 million 2008, Resident GRP: 18,167 million 2009, Resident GRP: 17,807 million 2010, Resident GRP: 17,997 million 2011, Resident GRP: 19,204 million 2012, Resident GRP: 20,118 million 2013, Resident GRP: 20,195 million 2014, Resident GRP: 21,089 million 2015, Resident GRP: 21,377 million 2001, Industry GRP: 5,058 million 2002, Industry GRP: 5,076 million 2003, Industry GRP: 5,242 million 2004, Industry GRP: 5,519 million 2005, Industry GRP: 5,790 million 2006, Industry GRP: 5,893 million 2007, Industry GRP: 6,073 million 2008, Industry GRP: 6,540 million 2009, Industry GRP: 6,465 million 2010, Industry GRP: 6,622 million 2011, Industry GRP: 7,129 million 2012, Industry GRP: 7,437 million 2013, Industry GRP: 7,401 million 2014, Industry GRP: 7,849 million 2015, Industry GRP: 8,044 million 2001, Headline GRP: 5,819 million 2002, Headline GRP: 5,916 million 2003, Headline GRP: 6,067 million 2004, Headline GRP: 6,231 million 2005, Headline GRP: 6,290 million 2006, Headline GRP: 6,261 million 2007, Headline GRP: 6,298 million 2008, Headline GRP: 6,560 million 2009, Headline GRP: 6,763 million 2010, Headline GRP: 7,003 million 2011, Headline GRP: 7,229 million 2012, Headline GRP: 7,425 million 2013, Headline GRP: 7,635 million 2014, Headline GRP: 7,995 million 2015, Headline GRP: 8,436 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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