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Cook Shire

Gross Regional Product

Cook Shire’s Gross Regional Product was $0.64 billion in the year ending June 2019, growing 15.6% 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
2019637+15.62481641.51
2018551-13.22451611.53
2017635-3.02461621.51
2016655+8.32401561.54
2015605+15.72351551.52
2014523+2.52241411.58
2013510+7.02221401.59
2012477+6.02221421.56
2011450+3.22281391.64
2010436+2.22331361.71
2009427-7.62481401.78
2008462+9.62541391.82
2007421+7.32611361.91
2006392-3.92601272.04
2005408+2.72251072.12
20043980186872.13
2003398-8.6168762.22
2002435+1.9173742.36
2001427--156672.33

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

Cook Shire - Gross Regional Product
Cook Shire - Gross Regional Product 2001, Resident GRP: 67 million 2002, Resident GRP: 74 million 2003, Resident GRP: 76 million 2004, Resident GRP: 87 million 2005, Resident GRP: 107 million 2006, Resident GRP: 127 million 2007, Resident GRP: 136 million 2008, Resident GRP: 139 million 2009, Resident GRP: 140 million 2010, Resident GRP: 136 million 2011, Resident GRP: 139 million 2012, Resident GRP: 142 million 2013, Resident GRP: 140 million 2014, Resident GRP: 141 million 2015, Resident GRP: 155 million 2016, Resident GRP: 156 million 2017, Resident GRP: 162 million 2018, Resident GRP: 161 million 2019, Resident GRP: 164 million 2001, Industry GRP: 156 million 2002, Industry GRP: 173 million 2003, Industry GRP: 168 million 2004, Industry GRP: 186 million 2005, Industry GRP: 225 million 2006, Industry GRP: 260 million 2007, Industry GRP: 261 million 2008, Industry GRP: 254 million 2009, Industry GRP: 248 million 2010, Industry GRP: 233 million 2011, Industry GRP: 228 million 2012, Industry GRP: 222 million 2013, Industry GRP: 222 million 2014, Industry GRP: 224 million 2015, Industry GRP: 235 million 2016, Industry GRP: 240 million 2017, Industry GRP: 246 million 2018, Industry GRP: 245 million 2019, Industry GRP: 248 million 2001, Headline GRP: 427 million 2002, Headline GRP: 435 million 2003, Headline GRP: 398 million 2004, Headline GRP: 398 million 2005, Headline GRP: 408 million 2006, Headline GRP: 392 million 2007, Headline GRP: 421 million 2008, Headline GRP: 462 million 2009, Headline GRP: 427 million 2010, Headline GRP: 436 million 2011, Headline GRP: 450 million 2012, Headline GRP: 477 million 2013, Headline GRP: 510 million 2014, Headline GRP: 523 million 2015, Headline GRP: 605 million 2016, Headline GRP: 655 million 2017, Headline GRP: 635 million 2018, Headline GRP: 551 million 2019, Headline GRP: 637 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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