Cradle Coast RegionEconomic profile
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Cradle Coast Region

Gross Regional Product

Cradle Coast Region’s Gross Regional Product was $6.03 billion in the year ending June 2018, declining -2.1% 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
20186,034-2.12,9302,9361.00
20176,161+0.93,0403,0491.00
20166,106-1.43,5593,5950.99
20156,190+2.43,8073,8420.99
20146,046+0.43,8553,8880.99
20136,022-3.23,9153,9430.99
20126,218+2.34,0904,1160.99
20116,076+1.14,1344,1840.99
20106,009+1.14,0544,0980.99
20095,941+2.24,1004,1550.99
20085,813+1.14,0354,0910.99
20075,749+8.73,8023,8440.99
20065,290+7.93,6483,6780.99
20054,903+4.03,3113,3300.99
20044,714+6.32,9872,9991.00
20034,435+1.52,7192,7291.00
20024,371+7.02,6362,6401.00
20014,084--2,5142,5181.00

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

Cradle Coast Region - Gross Regional Product
Cradle Coast Region - Gross Regional Product 2001, Resident GRP: 2,518 million 2002, Resident GRP: 2,640 million 2003, Resident GRP: 2,729 million 2004, Resident GRP: 2,999 million 2005, Resident GRP: 3,330 million 2006, Resident GRP: 3,678 million 2007, Resident GRP: 3,844 million 2008, Resident GRP: 4,091 million 2009, Resident GRP: 4,155 million 2010, Resident GRP: 4,098 million 2011, Resident GRP: 4,184 million 2012, Resident GRP: 4,116 million 2013, Resident GRP: 3,943 million 2014, Resident GRP: 3,888 million 2015, Resident GRP: 3,842 million 2016, Resident GRP: 3,595 million 2017, Resident GRP: 3,049 million 2018, Resident GRP: 2,936 million 2001, Industry GRP: 2,514 million 2002, Industry GRP: 2,636 million 2003, Industry GRP: 2,719 million 2004, Industry GRP: 2,987 million 2005, Industry GRP: 3,311 million 2006, Industry GRP: 3,648 million 2007, Industry GRP: 3,802 million 2008, Industry GRP: 4,035 million 2009, Industry GRP: 4,100 million 2010, Industry GRP: 4,054 million 2011, Industry GRP: 4,134 million 2012, Industry GRP: 4,090 million 2013, Industry GRP: 3,915 million 2014, Industry GRP: 3,855 million 2015, Industry GRP: 3,807 million 2016, Industry GRP: 3,559 million 2017, Industry GRP: 3,040 million 2018, Industry GRP: 2,930 million 2001, Headline GRP: 4,084 million 2002, Headline GRP: 4,371 million 2003, Headline GRP: 4,435 million 2004, Headline GRP: 4,714 million 2005, Headline GRP: 4,903 million 2006, Headline GRP: 5,290 million 2007, Headline GRP: 5,749 million 2008, Headline GRP: 5,813 million 2009, Headline GRP: 5,941 million 2010, Headline GRP: 6,009 million 2011, Headline GRP: 6,076 million 2012, Headline GRP: 6,218 million 2013, Headline GRP: 6,022 million 2014, Headline GRP: 6,046 million 2015, Headline GRP: 6,190 million 2016, Headline GRP: 6,106 million 2017, Headline GRP: 6,161 million 2018, Headline GRP: 6,034 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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