Yass ValleyEconomic profile
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Yass Valley

Gross Regional Product

Yass Valley’s Gross Regional Product was $0.69 billion in the year ending June 2016, growing 3.0% 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 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

Yass Valley - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2016692+3.05461,0030.54
2015672+3.15349860.54
2014651+1.45229630.54
2013642+4.55029270.54
2012614+3.54939210.54
2011593+8.14768780.54
2010549+7.74418060.55
2009510+5.94207580.55
2008482+1.84217380.57
2007473-2.33936790.58
2006484+2.03866590.59
2005475+4.73706340.58
2004454+5.93275660.58
2003428-4.73055250.58
2002450-2.72915090.57
2001462--2955040.59

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 2014-15 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.

Yass Valley - Gross Regional Product
Yass Valley - Gross Regional Product 2001, Resident GRP: 504 million 2002, Resident GRP: 509 million 2003, Resident GRP: 525 million 2004, Resident GRP: 566 million 2005, Resident GRP: 634 million 2006, Resident GRP: 659 million 2007, Resident GRP: 679 million 2008, Resident GRP: 738 million 2009, Resident GRP: 758 million 2010, Resident GRP: 806 million 2011, Resident GRP: 878 million 2012, Resident GRP: 921 million 2013, Resident GRP: 927 million 2014, Resident GRP: 963 million 2015, Resident GRP: 986 million 2016, Resident GRP: 1,003 million 2001, Industry GRP: 295 million 2002, Industry GRP: 291 million 2003, Industry GRP: 305 million 2004, Industry GRP: 327 million 2005, Industry GRP: 370 million 2006, Industry GRP: 386 million 2007, Industry GRP: 393 million 2008, Industry GRP: 421 million 2009, Industry GRP: 420 million 2010, Industry GRP: 441 million 2011, Industry GRP: 476 million 2012, Industry GRP: 493 million 2013, Industry GRP: 502 million 2014, Industry GRP: 522 million 2015, Industry GRP: 534 million 2016, Industry GRP: 546 million 2001, Headline GRP: 462 million 2002, Headline GRP: 450 million 2003, Headline GRP: 428 million 2004, Headline GRP: 454 million 2005, Headline GRP: 475 million 2006, Headline GRP: 484 million 2007, Headline GRP: 473 million 2008, Headline GRP: 482 million 2009, Headline GRP: 510 million 2010, Headline GRP: 549 million 2011, Headline GRP: 593 million 2012, Headline GRP: 614 million 2013, Headline GRP: 642 million 2014, Headline GRP: 651 million 2015, Headline GRP: 672 million 2016, Headline GRP: 692 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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