Wyong Shire CouncilEconomic profile

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Wyong Shire

Gross Regional Product

Wyong Shire’s Gross Regional Product was $5.16 billion in the year ending June 2015, growing 1.7% 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

Wyong Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20155,160+1.74,8916,3400.77
20145,075+1.24,9056,3130.78
20135,014+1.94,7686,1210.78
20124,919-0.44,8356,1810.78
20114,937+1.84,6885,9730.78
20104,851+2.64,4095,6110.79
20094,729+1.04,2845,4490.79
20084,684+0.74,4085,5720.79
20074,652-1.44,1805,2860.79
20064,720-0.84,1245,2120.79
20054,759+1.64,0645,1390.79
20044,685+2.23,8544,8750.79
20034,586+2.03,6794,6580.79
20024,497+0.43,6134,6130.78
20014,477--3,5914,5010.80

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.

Wyong Shire - Gross Regional Product
Wyong Shire - Gross Regional Product 2001, Resident GRP: 4,501 million 2002, Resident GRP: 4,613 million 2003, Resident GRP: 4,658 million 2004, Resident GRP: 4,875 million 2005, Resident GRP: 5,139 million 2006, Resident GRP: 5,212 million 2007, Resident GRP: 5,286 million 2008, Resident GRP: 5,572 million 2009, Resident GRP: 5,449 million 2010, Resident GRP: 5,611 million 2011, Resident GRP: 5,973 million 2012, Resident GRP: 6,181 million 2013, Resident GRP: 6,121 million 2014, Resident GRP: 6,313 million 2015, Resident GRP: 6,340 million 2001, Industry GRP: 3,591 million 2002, Industry GRP: 3,613 million 2003, Industry GRP: 3,679 million 2004, Industry GRP: 3,854 million 2005, Industry GRP: 4,064 million 2006, Industry GRP: 4,124 million 2007, Industry GRP: 4,180 million 2008, Industry GRP: 4,408 million 2009, Industry GRP: 4,284 million 2010, Industry GRP: 4,409 million 2011, Industry GRP: 4,688 million 2012, Industry GRP: 4,835 million 2013, Industry GRP: 4,768 million 2014, Industry GRP: 4,905 million 2015, Industry GRP: 4,891 million 2001, Headline GRP: 4,477 million 2002, Headline GRP: 4,497 million 2003, Headline GRP: 4,586 million 2004, Headline GRP: 4,685 million 2005, Headline GRP: 4,759 million 2006, Headline GRP: 4,720 million 2007, Headline GRP: 4,652 million 2008, Headline GRP: 4,684 million 2009, Headline GRP: 4,729 million 2010, Headline GRP: 4,851 million 2011, Headline GRP: 4,937 million 2012, Headline GRP: 4,919 million 2013, Headline GRP: 5,014 million 2014, Headline GRP: 5,075 million 2015, Headline GRP: 5,160 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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