Cardinia ShireEconomic profile
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Cardinia Shire

Gross Regional Product

Cardinia Shire’s Gross Regional Product was $3.30 billion in the year ending June 2018, 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 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
20183,303+3.02,3364,1280.57
20173,207+9.12,2773,9750.57
20162,940+4.42,2773,9170.58
20152,816+4.92,2583,8850.58
20142,684+1.52,2123,7950.58
20132,643+1.62,1733,6400.60
20122,601+3.92,1153,4610.61
20112,503+4.02,0073,2430.62
20102,408+5.01,8513,0300.61
20092,292+5.61,7662,8860.61
20082,170+6.21,6962,7770.61
20072,043+1.81,5362,5230.61
20062,007+2.31,4972,4120.62
20051,963+6.71,4492,3030.63
20041,839+9.01,3132,0640.64
20031,687+8.11,2001,8550.65
20021,561+4.71,1431,7380.66
20011,491--1,0911,6120.68

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

Cardinia Shire - Gross Regional Product
Cardinia Shire - Gross Regional Product 2001, Resident GRP: 1,612 million 2002, Resident GRP: 1,738 million 2003, Resident GRP: 1,855 million 2004, Resident GRP: 2,064 million 2005, Resident GRP: 2,303 million 2006, Resident GRP: 2,412 million 2007, Resident GRP: 2,523 million 2008, Resident GRP: 2,777 million 2009, Resident GRP: 2,886 million 2010, Resident GRP: 3,030 million 2011, Resident GRP: 3,243 million 2012, Resident GRP: 3,461 million 2013, Resident GRP: 3,640 million 2014, Resident GRP: 3,795 million 2015, Resident GRP: 3,885 million 2016, Resident GRP: 3,917 million 2017, Resident GRP: 3,975 million 2018, Resident GRP: 4,128 million 2001, Industry GRP: 1,091 million 2002, Industry GRP: 1,143 million 2003, Industry GRP: 1,200 million 2004, Industry GRP: 1,313 million 2005, Industry GRP: 1,449 million 2006, Industry GRP: 1,497 million 2007, Industry GRP: 1,536 million 2008, Industry GRP: 1,696 million 2009, Industry GRP: 1,766 million 2010, Industry GRP: 1,851 million 2011, Industry GRP: 2,007 million 2012, Industry GRP: 2,115 million 2013, Industry GRP: 2,173 million 2014, Industry GRP: 2,212 million 2015, Industry GRP: 2,258 million 2016, Industry GRP: 2,277 million 2017, Industry GRP: 2,277 million 2018, Industry GRP: 2,336 million 2001, Headline GRP: 1,491 million 2002, Headline GRP: 1,561 million 2003, Headline GRP: 1,687 million 2004, Headline GRP: 1,839 million 2005, Headline GRP: 1,963 million 2006, Headline GRP: 2,007 million 2007, Headline GRP: 2,043 million 2008, Headline GRP: 2,170 million 2009, Headline GRP: 2,292 million 2010, Headline GRP: 2,408 million 2011, Headline GRP: 2,503 million 2012, Headline GRP: 2,601 million 2013, Headline GRP: 2,643 million 2014, Headline GRP: 2,684 million 2015, Headline GRP: 2,816 million 2016, Headline GRP: 2,940 million 2017, Headline GRP: 3,207 million 2018, Headline GRP: 3,303 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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