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West Coast Council area

Gross Regional Product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

West Coast Council area’s Gross Regional Product was $0.61 billion in the year ending June 2017, growing 2.7% 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

West Coast 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

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in 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

West Coast Council area - Gross Regional Product
West Coast Council area - Gross Regional Product 2001, Resident GRP: 109 million 2002, Resident GRP: 113 million 2003, Resident GRP: 114 million 2004, Resident GRP: 116 million 2005, Resident GRP: 124 million 2006, Resident GRP: 136 million 2007, Resident GRP: 134 million 2008, Resident GRP: 143 million 2009, Resident GRP: 166 million 2010, Resident GRP: 160 million 2011, Resident GRP: 156 million 2012, Resident GRP: 152 million 2013, Resident GRP: 139 million 2014, Resident GRP: 127 million 2015, Resident GRP: 114 million 2016, Resident GRP: 102 million 2017, Resident GRP: 86 million 2001, Industry GRP: 117 million 2002, Industry GRP: 121 million 2003, Industry GRP: 122 million 2004, Industry GRP: 124 million 2005, Industry GRP: 132 million 2006, Industry GRP: 145 million 2007, Industry GRP: 143 million 2008, Industry GRP: 156 million 2009, Industry GRP: 189 million 2010, Industry GRP: 184 million 2011, Industry GRP: 183 million 2012, Industry GRP: 185 million 2013, Industry GRP: 169 million 2014, Industry GRP: 153 million 2015, Industry GRP: 136 million 2016, Industry GRP: 120 million 2017, Industry GRP: 108 million 2001, Headline GRP: 498 million 2002, Headline GRP: 528 million 2003, Headline GRP: 528 million 2004, Headline GRP: 531 million 2005, Headline GRP: 488 million 2006, Headline GRP: 477 million 2007, Headline GRP: 505 million 2008, Headline GRP: 571 million 2009, Headline GRP: 671 million 2010, Headline GRP: 712 million 2011, Headline GRP: 693 million 2012, Headline GRP: 748 million 2013, Headline GRP: 665 million 2014, Headline GRP: 619 million 2015, Headline GRP: 635 million 2016, Headline GRP: 593 million 2017, Headline GRP: 609 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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