Bega Valley ShireEconomic profile
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Bega Valley Shire

Gross Regional Product

Bega Valley Shire’s Gross Regional Product was $1.53 billion in the year ending June 2018, declining -3.3% 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

Bega Valley Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20181,529-3.31,2871,3830.93
20171,581+0.21,2741,3520.94
20161,579-0.21,2681,3460.94
20151,581+2.81,2411,3160.94
20141,538-3.61,1981,2700.94
20131,597-1.71,2471,3200.95
20121,624-0.31,2921,3660.95
20111,628+2.41,2501,3220.95
20101,591+3.41,1881,2560.95
20091,538+0.31,1821,2440.95
20081,533-1.71,1741,2360.95
20071,560-1.31,1241,1810.95
20061,580-1.71,1051,1580.95
20051,608+1.11,0921,1430.96
20041,591+8.81,0321,0820.95
20031,462+7.29339790.95
20021,364+2.99149530.96
20011,326--8849200.96

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Bega Valley Shire - Gross Regional Product
Bega Valley Shire - Gross Regional Product 2001, Resident GRP: 920 million 2002, Resident GRP: 953 million 2003, Resident GRP: 979 million 2004, Resident GRP: 1,082 million 2005, Resident GRP: 1,143 million 2006, Resident GRP: 1,158 million 2007, Resident GRP: 1,181 million 2008, Resident GRP: 1,236 million 2009, Resident GRP: 1,244 million 2010, Resident GRP: 1,256 million 2011, Resident GRP: 1,322 million 2012, Resident GRP: 1,366 million 2013, Resident GRP: 1,320 million 2014, Resident GRP: 1,270 million 2015, Resident GRP: 1,316 million 2016, Resident GRP: 1,346 million 2017, Resident GRP: 1,352 million 2018, Resident GRP: 1,383 million 2001, Industry GRP: 884 million 2002, Industry GRP: 914 million 2003, Industry GRP: 933 million 2004, Industry GRP: 1,032 million 2005, Industry GRP: 1,092 million 2006, Industry GRP: 1,105 million 2007, Industry GRP: 1,124 million 2008, Industry GRP: 1,174 million 2009, Industry GRP: 1,182 million 2010, Industry GRP: 1,188 million 2011, Industry GRP: 1,250 million 2012, Industry GRP: 1,292 million 2013, Industry GRP: 1,247 million 2014, Industry GRP: 1,198 million 2015, Industry GRP: 1,241 million 2016, Industry GRP: 1,268 million 2017, Industry GRP: 1,274 million 2018, Industry GRP: 1,287 million 2001, Headline GRP: 1,326 million 2002, Headline GRP: 1,364 million 2003, Headline GRP: 1,462 million 2004, Headline GRP: 1,591 million 2005, Headline GRP: 1,608 million 2006, Headline GRP: 1,580 million 2007, Headline GRP: 1,560 million 2008, Headline GRP: 1,533 million 2009, Headline GRP: 1,538 million 2010, Headline GRP: 1,591 million 2011, Headline GRP: 1,628 million 2012, Headline GRP: 1,624 million 2013, Headline GRP: 1,597 million 2014, Headline GRP: 1,538 million 2015, Headline GRP: 1,581 million 2016, Headline GRP: 1,579 million 2017, Headline GRP: 1,581 million 2018, Headline GRP: 1,529 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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