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Colac Otway Shire

Gross product

Colac Otway Shire's Gross Regional Product was $1,166m as of the 30th June 2017.

The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented here for Census years and the latest year. The full version of economy.id includes a time series of Gross Product for all years back to 2002.

Gross Regional Product
Gross Regional Product 2006, Colac Otway Shire: $1,139 million 2011, Colac Otway Shire: $1,092 million 2016, Colac Otway Shire: $1,065 million 2017, Colac Otway Shire: $1,166 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
Colac Otway ShireVictoria
Year (ending June 30)$m% change$m% changeColac Otway Shire as a % of Victoria
20171,166--404,224--0.30
20161,065--388,347--0.28
20111,092--344,381--0.33
20061,139--306,875--0.38

Source: Australian Bureau of Statistics. Australian National Accounts: National Income, Expenditure and Product , catalogue number 5206.0, and the National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

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