Cook Shire CouncilEconomic profile
Skip to content

Cook Shire

Gross Regional Product

Cook Shire’s Gross Regional Product was $0.59 billion in the year ending June 2018, declining -5.2% 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 Council. 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

Cook Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018586-5.21831201.53
2017618-7.41911211.58
2016668+10.72131311.62
2015603+19.12291401.64
2014507+8.62301381.67
2013467+3.12181411.55
2012453+7.02191441.52
2011423+5.82221401.59
2010400+0.32181321.66
2009399-9.92381371.74
2008442+5.72591411.84
2007418+3.02711461.86
2006406-5.12681391.94
2005428+4.92371221.95
2004408-1.2191942.03
2003413-9.4174792.21
2002456+1.6181742.43
2001449--172722.40

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

Cook Shire - Gross Regional Product
Cook Shire - Gross Regional Product 2001, Resident GRP: 72 million 2002, Resident GRP: 74 million 2003, Resident GRP: 79 million 2004, Resident GRP: 94 million 2005, Resident GRP: 122 million 2006, Resident GRP: 139 million 2007, Resident GRP: 146 million 2008, Resident GRP: 141 million 2009, Resident GRP: 137 million 2010, Resident GRP: 132 million 2011, Resident GRP: 140 million 2012, Resident GRP: 144 million 2013, Resident GRP: 141 million 2014, Resident GRP: 138 million 2015, Resident GRP: 140 million 2016, Resident GRP: 131 million 2017, Resident GRP: 121 million 2018, Resident GRP: 120 million 2001, Industry GRP: 172 million 2002, Industry GRP: 181 million 2003, Industry GRP: 174 million 2004, Industry GRP: 191 million 2005, Industry GRP: 237 million 2006, Industry GRP: 268 million 2007, Industry GRP: 271 million 2008, Industry GRP: 259 million 2009, Industry GRP: 238 million 2010, Industry GRP: 218 million 2011, Industry GRP: 222 million 2012, Industry GRP: 219 million 2013, Industry GRP: 218 million 2014, Industry GRP: 230 million 2015, Industry GRP: 229 million 2016, Industry GRP: 213 million 2017, Industry GRP: 191 million 2018, Industry GRP: 183 million 2001, Headline GRP: 449 million 2002, Headline GRP: 456 million 2003, Headline GRP: 413 million 2004, Headline GRP: 408 million 2005, Headline GRP: 428 million 2006, Headline GRP: 406 million 2007, Headline GRP: 418 million 2008, Headline GRP: 442 million 2009, Headline GRP: 399 million 2010, Headline GRP: 400 million 2011, Headline GRP: 423 million 2012, Headline GRP: 453 million 2013, Headline GRP: 467 million 2014, Headline GRP: 507 million 2015, Headline GRP: 603 million 2016, Headline GRP: 668 million 2017, Headline GRP: 618 million 2018, Headline GRP: 586 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v18.09.24-1.0.0