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Murchison Area

Gross Regional Product

Murchison Area’s Gross Regional Product was $2.20 billion in the year ending June 2019, growing 6.4% 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

Murchison Area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20192,197+6.41,1451,2140.94
20182,064+10.41,1661,2270.95
20171,870-4.71,1201,1840.95
20161,961-2.01,0761,1530.93
20152,001+1.21,0711,1530.93
20141,977-1.01,0201,0920.93
20131,998-3.71,0261,0900.94
20122,076+3.21,0711,1450.93
20112,012+2.91,0821,1800.92
20101,955+2.91,0701,1790.91
20091,900+7.31,0861,2010.90
20081,771+1.81,0441,1780.89
20071,740+10.29801,1170.88
20061,579+3.79421,0590.89
20051,524+3.98459520.89
20041,467+1.07828750.89
20031,453-2.97578320.91
20021,496+6.47568190.92
20011,406--6997540.93

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

Murchison Area - Gross Regional Product
Murchison Area - Gross Regional Product 2001, Resident GRP: 754 million 2002, Resident GRP: 819 million 2003, Resident GRP: 832 million 2004, Resident GRP: 875 million 2005, Resident GRP: 952 million 2006, Resident GRP: 1,059 million 2007, Resident GRP: 1,117 million 2008, Resident GRP: 1,178 million 2009, Resident GRP: 1,201 million 2010, Resident GRP: 1,179 million 2011, Resident GRP: 1,180 million 2012, Resident GRP: 1,145 million 2013, Resident GRP: 1,090 million 2014, Resident GRP: 1,092 million 2015, Resident GRP: 1,153 million 2016, Resident GRP: 1,153 million 2017, Resident GRP: 1,184 million 2018, Resident GRP: 1,227 million 2019, Resident GRP: 1,214 million 2001, Industry GRP: 699 million 2002, Industry GRP: 756 million 2003, Industry GRP: 757 million 2004, Industry GRP: 782 million 2005, Industry GRP: 845 million 2006, Industry GRP: 942 million 2007, Industry GRP: 980 million 2008, Industry GRP: 1,044 million 2009, Industry GRP: 1,086 million 2010, Industry GRP: 1,070 million 2011, Industry GRP: 1,082 million 2012, Industry GRP: 1,071 million 2013, Industry GRP: 1,026 million 2014, Industry GRP: 1,020 million 2015, Industry GRP: 1,071 million 2016, Industry GRP: 1,076 million 2017, Industry GRP: 1,120 million 2018, Industry GRP: 1,166 million 2019, Industry GRP: 1,145 million 2001, Headline GRP: 1,406 million 2002, Headline GRP: 1,496 million 2003, Headline GRP: 1,453 million 2004, Headline GRP: 1,467 million 2005, Headline GRP: 1,524 million 2006, Headline GRP: 1,579 million 2007, Headline GRP: 1,740 million 2008, Headline GRP: 1,771 million 2009, Headline GRP: 1,900 million 2010, Headline GRP: 1,955 million 2011, Headline GRP: 2,012 million 2012, Headline GRP: 2,076 million 2013, Headline GRP: 1,998 million 2014, Headline GRP: 1,977 million 2015, Headline GRP: 2,001 million 2016, Headline GRP: 1,961 million 2017, Headline GRP: 1,870 million 2018, Headline GRP: 2,064 million 2019, Headline GRP: 2,197 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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