Cardinia ShireEconomic profile
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Cardinia Shire

Gross Regional Product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

Cardinia Shire’s Gross Regional Product was $3.28 billion in the year ending June 2017, growing 9.9% 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

Cardinia Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20173,280+9.92,3014,0350.57
20162,986+4.42,3113,9630.58
20152,861+5.42,2943,9160.59
20142,715+4.32,2343,7890.59
20132,604+1.12,1453,5760.60
20122,575+3.02,0873,4370.61
20112,500+4.11,9953,2620.61
20102,402+5.71,8403,0240.61
20092,272+4.41,7522,8750.61
20082,176+3.61,6932,7910.61
20072,100+3.81,5572,5630.61
20062,023+3.21,5062,4300.62
20051,961+5.41,4382,2920.63
20041,861+9.31,3162,0930.63
20031,702+8.71,2001,8860.64
20021,566+4.81,1391,7400.65
20011,494--1,0951,6170.68

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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

Cardinia Shire - Gross Regional Product
Cardinia Shire - Gross Regional Product 2001, Resident GRP: 1,617 million 2002, Resident GRP: 1,740 million 2003, Resident GRP: 1,886 million 2004, Resident GRP: 2,093 million 2005, Resident GRP: 2,292 million 2006, Resident GRP: 2,430 million 2007, Resident GRP: 2,563 million 2008, Resident GRP: 2,791 million 2009, Resident GRP: 2,875 million 2010, Resident GRP: 3,024 million 2011, Resident GRP: 3,262 million 2012, Resident GRP: 3,437 million 2013, Resident GRP: 3,576 million 2014, Resident GRP: 3,789 million 2015, Resident GRP: 3,916 million 2016, Resident GRP: 3,963 million 2017, Resident GRP: 4,035 million 2001, Industry GRP: 1,095 million 2002, Industry GRP: 1,139 million 2003, Industry GRP: 1,200 million 2004, Industry GRP: 1,316 million 2005, Industry GRP: 1,438 million 2006, Industry GRP: 1,506 million 2007, Industry GRP: 1,557 million 2008, Industry GRP: 1,693 million 2009, Industry GRP: 1,752 million 2010, Industry GRP: 1,840 million 2011, Industry GRP: 1,995 million 2012, Industry GRP: 2,087 million 2013, Industry GRP: 2,145 million 2014, Industry GRP: 2,234 million 2015, Industry GRP: 2,294 million 2016, Industry GRP: 2,311 million 2017, Industry GRP: 2,301 million 2001, Headline GRP: 1,494 million 2002, Headline GRP: 1,566 million 2003, Headline GRP: 1,702 million 2004, Headline GRP: 1,861 million 2005, Headline GRP: 1,961 million 2006, Headline GRP: 2,023 million 2007, Headline GRP: 2,100 million 2008, Headline GRP: 2,176 million 2009, Headline GRP: 2,272 million 2010, Headline GRP: 2,402 million 2011, Headline GRP: 2,500 million 2012, Headline GRP: 2,575 million 2013, Headline GRP: 2,604 million 2014, Headline GRP: 2,715 million 2015, Headline GRP: 2,861 million 2016, Headline GRP: 2,986 million 2017, Headline GRP: 3,280 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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