Cradle Coast RegionEconomic profile
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Cradle Coast Region

Gross Regional Product

Cradle Coast Region’s Gross Regional Product was $6.70 billion in the year ending June 2019, growing 3.4% 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 Region. 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

Cradle Coast Region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20196,696+3.44,4644,5260.99
20186,478+4.94,5534,5631.00
20176,173-1.54,4304,4570.99
20166,26804,3324,3830.99
20156,266+1.34,2944,3380.99
20146,183-0.34,0304,0680.99
20136,201-2.24,0204,0550.99
20126,342+2.34,1544,1940.99
20116,198+2.74,2314,2840.99
20106,035+0.94,2134,2690.99
20095,980+3.44,1514,2140.99
20085,781+1.54,0364,0940.99
20075,693+7.93,8223,8650.99
20065,278+6.23,6383,6740.99
20054,968+3.43,3003,3270.99
20044,804+6.13,0543,0720.99
20034,527+3.52,8242,8341.00
20024,376+5.12,7442,7441.00
20014,163--2,5292,5321.00

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

Cradle Coast Region - Gross Regional Product
Cradle Coast Region - Gross Regional Product 2001, Resident GRP: 2,532 million 2002, Resident GRP: 2,744 million 2003, Resident GRP: 2,834 million 2004, Resident GRP: 3,072 million 2005, Resident GRP: 3,327 million 2006, Resident GRP: 3,674 million 2007, Resident GRP: 3,865 million 2008, Resident GRP: 4,094 million 2009, Resident GRP: 4,214 million 2010, Resident GRP: 4,269 million 2011, Resident GRP: 4,284 million 2012, Resident GRP: 4,194 million 2013, Resident GRP: 4,055 million 2014, Resident GRP: 4,068 million 2015, Resident GRP: 4,338 million 2016, Resident GRP: 4,383 million 2017, Resident GRP: 4,457 million 2018, Resident GRP: 4,563 million 2019, Resident GRP: 4,526 million 2001, Industry GRP: 2,529 million 2002, Industry GRP: 2,744 million 2003, Industry GRP: 2,824 million 2004, Industry GRP: 3,054 million 2005, Industry GRP: 3,300 million 2006, Industry GRP: 3,638 million 2007, Industry GRP: 3,822 million 2008, Industry GRP: 4,036 million 2009, Industry GRP: 4,151 million 2010, Industry GRP: 4,213 million 2011, Industry GRP: 4,231 million 2012, Industry GRP: 4,154 million 2013, Industry GRP: 4,020 million 2014, Industry GRP: 4,030 million 2015, Industry GRP: 4,294 million 2016, Industry GRP: 4,332 million 2017, Industry GRP: 4,430 million 2018, Industry GRP: 4,553 million 2019, Industry GRP: 4,464 million 2001, Headline GRP: 4,163 million 2002, Headline GRP: 4,376 million 2003, Headline GRP: 4,527 million 2004, Headline GRP: 4,804 million 2005, Headline GRP: 4,968 million 2006, Headline GRP: 5,278 million 2007, Headline GRP: 5,693 million 2008, Headline GRP: 5,781 million 2009, Headline GRP: 5,980 million 2010, Headline GRP: 6,035 million 2011, Headline GRP: 6,198 million 2012, Headline GRP: 6,342 million 2013, Headline GRP: 6,201 million 2014, Headline GRP: 6,183 million 2015, Headline GRP: 6,266 million 2016, Headline GRP: 6,268 million 2017, Headline GRP: 6,173 million 2018, Headline GRP: 6,478 million 2019, Headline GRP: 6,696 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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