Cardinia ShireEconomic profile
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Cardinia Shire

Gross Regional Product

Cardinia Shire’s Gross Regional Product was $3.78 billion in the year ending June 2019, growing 6.9% 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
20193,779+6.92,7794,9340.56
20183,536+5.42,6914,7400.57
20173,354+9.22,5664,4630.57
20163,073+4.12,3744,1540.57
20152,952+5.82,3264,0180.58
20142,790+3.32,2763,8870.59
20132,700+2.02,2033,7040.59
20122,646+3.02,0703,4520.60
20112,570+4.21,9613,2260.61
20102,467+4.81,8443,0450.61
20092,354+5.21,7332,8840.60
20082,237+6.41,6552,7610.60
20072,102+2.11,5132,5230.60
20062,060+4.01,4612,3940.61
20051,981+5.41,3842,2630.61
20041,880+9.11,2852,0540.63
20031,723+8.41,2061,8740.64
20021,590+5.21,1661,7770.66
20011,512--1,0871,6230.67

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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: 1,623 million 2002, Resident GRP: 1,777 million 2003, Resident GRP: 1,874 million 2004, Resident GRP: 2,054 million 2005, Resident GRP: 2,263 million 2006, Resident GRP: 2,394 million 2007, Resident GRP: 2,523 million 2008, Resident GRP: 2,761 million 2009, Resident GRP: 2,884 million 2010, Resident GRP: 3,045 million 2011, Resident GRP: 3,226 million 2012, Resident GRP: 3,452 million 2013, Resident GRP: 3,704 million 2014, Resident GRP: 3,887 million 2015, Resident GRP: 4,018 million 2016, Resident GRP: 4,154 million 2017, Resident GRP: 4,463 million 2018, Resident GRP: 4,740 million 2019, Resident GRP: 4,934 million 2001, Industry GRP: 1,087 million 2002, Industry GRP: 1,166 million 2003, Industry GRP: 1,206 million 2004, Industry GRP: 1,285 million 2005, Industry GRP: 1,384 million 2006, Industry GRP: 1,461 million 2007, Industry GRP: 1,513 million 2008, Industry GRP: 1,655 million 2009, Industry GRP: 1,733 million 2010, Industry GRP: 1,844 million 2011, Industry GRP: 1,961 million 2012, Industry GRP: 2,070 million 2013, Industry GRP: 2,203 million 2014, Industry GRP: 2,276 million 2015, Industry GRP: 2,326 million 2016, Industry GRP: 2,374 million 2017, Industry GRP: 2,566 million 2018, Industry GRP: 2,691 million 2019, Industry GRP: 2,779 million 2001, Headline GRP: 1,512 million 2002, Headline GRP: 1,590 million 2003, Headline GRP: 1,723 million 2004, Headline GRP: 1,880 million 2005, Headline GRP: 1,981 million 2006, Headline GRP: 2,060 million 2007, Headline GRP: 2,102 million 2008, Headline GRP: 2,237 million 2009, Headline GRP: 2,354 million 2010, Headline GRP: 2,467 million 2011, Headline GRP: 2,570 million 2012, Headline GRP: 2,646 million 2013, Headline GRP: 2,700 million 2014, Headline GRP: 2,790 million 2015, Headline GRP: 2,952 million 2016, Headline GRP: 3,073 million 2017, Headline GRP: 3,354 million 2018, Headline GRP: 3,536 million 2019, Headline GRP: 3,779 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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