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Waratah-Wynyard Council area

Gross Regional Product

Waratah-Wynyard Council area’s Gross Regional Product was $0.72 billion in the year ending June 2019, growing 2.5% 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

Waratah-Wynyard Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2019716+2.54325300.82
2018699+9.44425290.84
2017639-7.24225190.81
2016689+0.74255340.80
2015684+2.64155260.79
2014667-0.33924960.79
2013668-1.63924980.79
2012679+2.03915110.77
2011666+2.33925260.75
2010651+3.83885320.73
2009627+9.53835290.72
2008573+5.03585180.69
2007545+10.13244870.66
2006496+7.23154620.68
2005462+5.42794090.68
2004439+6.92533670.69
2003411+2.62403350.72
2002400+2.72393220.74
2001389--2232960.75

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

Waratah-Wynyard Council area - Gross Regional Product
Waratah-Wynyard Council area - Gross Regional Product 2001, Resident GRP: 296 million 2002, Resident GRP: 322 million 2003, Resident GRP: 335 million 2004, Resident GRP: 367 million 2005, Resident GRP: 409 million 2006, Resident GRP: 462 million 2007, Resident GRP: 487 million 2008, Resident GRP: 518 million 2009, Resident GRP: 529 million 2010, Resident GRP: 532 million 2011, Resident GRP: 526 million 2012, Resident GRP: 511 million 2013, Resident GRP: 498 million 2014, Resident GRP: 496 million 2015, Resident GRP: 526 million 2016, Resident GRP: 534 million 2017, Resident GRP: 519 million 2018, Resident GRP: 529 million 2019, Resident GRP: 530 million 2001, Industry GRP: 223 million 2002, Industry GRP: 239 million 2003, Industry GRP: 240 million 2004, Industry GRP: 253 million 2005, Industry GRP: 279 million 2006, Industry GRP: 315 million 2007, Industry GRP: 324 million 2008, Industry GRP: 358 million 2009, Industry GRP: 383 million 2010, Industry GRP: 388 million 2011, Industry GRP: 392 million 2012, Industry GRP: 391 million 2013, Industry GRP: 392 million 2014, Industry GRP: 392 million 2015, Industry GRP: 415 million 2016, Industry GRP: 425 million 2017, Industry GRP: 422 million 2018, Industry GRP: 442 million 2019, Industry GRP: 432 million 2001, Headline GRP: 389 million 2002, Headline GRP: 400 million 2003, Headline GRP: 411 million 2004, Headline GRP: 439 million 2005, Headline GRP: 462 million 2006, Headline GRP: 496 million 2007, Headline GRP: 545 million 2008, Headline GRP: 573 million 2009, Headline GRP: 627 million 2010, Headline GRP: 651 million 2011, Headline GRP: 666 million 2012, Headline GRP: 679 million 2013, Headline GRP: 668 million 2014, Headline GRP: 667 million 2015, Headline GRP: 684 million 2016, Headline GRP: 689 million 2017, Headline GRP: 639 million 2018, Headline GRP: 699 million 2019, Headline GRP: 716 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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