Cradle Coast RegionEconomic profile
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Cradle Coast Region

Gross Regional Product

Cradle Coast Region’s Gross Regional Product was $6.30 billion in the year ending June 2017, growing 1.9% 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
20176,296+1.93,1023,1570.98
20166,176-2.43,6083,6550.99
20156,329+1.43,8613,9050.99
20146,241+0.33,9313,9720.99
20136,223-1.63,9974,0400.99
20126,322+2.34,1304,1700.99
20116,180+0.54,1624,2120.99
20106,151+0.74,0814,1330.99
20096,107+3.14,1304,1880.99
20085,925+3.14,0814,1360.99
20075,748+4.83,8313,8720.99
20065,486+7.53,6563,6920.99
20055,103+4.33,3383,3670.99
20044,891+10.02,9933,0130.99
20034,445+0.92,6862,6971.00
20024,403+5.52,6372,6421.00
20014,175--2,5092,5161.00

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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: 2,516 million 2002, Resident GRP: 2,642 million 2003, Resident GRP: 2,697 million 2004, Resident GRP: 3,013 million 2005, Resident GRP: 3,367 million 2006, Resident GRP: 3,692 million 2007, Resident GRP: 3,872 million 2008, Resident GRP: 4,136 million 2009, Resident GRP: 4,188 million 2010, Resident GRP: 4,133 million 2011, Resident GRP: 4,212 million 2012, Resident GRP: 4,170 million 2013, Resident GRP: 4,040 million 2014, Resident GRP: 3,972 million 2015, Resident GRP: 3,905 million 2016, Resident GRP: 3,655 million 2017, Resident GRP: 3,157 million 2001, Industry GRP: 2,509 million 2002, Industry GRP: 2,637 million 2003, Industry GRP: 2,686 million 2004, Industry GRP: 2,993 million 2005, Industry GRP: 3,338 million 2006, Industry GRP: 3,656 million 2007, Industry GRP: 3,831 million 2008, Industry GRP: 4,081 million 2009, Industry GRP: 4,130 million 2010, Industry GRP: 4,081 million 2011, Industry GRP: 4,162 million 2012, Industry GRP: 4,130 million 2013, Industry GRP: 3,997 million 2014, Industry GRP: 3,931 million 2015, Industry GRP: 3,861 million 2016, Industry GRP: 3,608 million 2017, Industry GRP: 3,102 million 2001, Headline GRP: 4,175 million 2002, Headline GRP: 4,403 million 2003, Headline GRP: 4,445 million 2004, Headline GRP: 4,891 million 2005, Headline GRP: 5,103 million 2006, Headline GRP: 5,486 million 2007, Headline GRP: 5,748 million 2008, Headline GRP: 5,925 million 2009, Headline GRP: 6,107 million 2010, Headline GRP: 6,151 million 2011, Headline GRP: 6,180 million 2012, Headline GRP: 6,322 million 2013, Headline GRP: 6,223 million 2014, Headline GRP: 6,241 million 2015, Headline GRP: 6,329 million 2016, Headline GRP: 6,176 million 2017, Headline GRP: 6,296 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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