Cradle Coast RegionEconomic profile
Skip to content

Coastal Urban Economic Region

Gross Regional Product

Coastal Urban Economic Region’s Gross Regional Product was $4.94 billion in the year ending June 2019, growing 2.0% 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

Coastal Urban Economic Region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20194,943+2.03,5653,5751.00
20184,847+3.43,6373,5971.01
20174,690-1.43,5423,5331.00
20164,755+1.13,5093,5211.00
20154,702+1.33,4783,4771.00
20144,642+0.33,2533,2541.00
20134,627-1.63,2333,2401.00
20124,704+1.83,3183,3351.00
20114,621+2.63,3893,4041.00
20104,503+0.93,3783,3960.99
20094,464+2.83,2953,3170.99
20084,345+1.43,2073,2201.00
20074,283+7.33,0303,0371.00
20063,993+7.52,8772,8871.00
20053,716+3.42,6122,6111.00
20043,594+8.32,4122,4061.00
20033,319+6.52,1992,1931.00
20023,117+4.32,1202,1031.01
20012,988--1,9551,9441.01

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

Coastal Urban Economic Region - Gross Regional Product
Coastal Urban Economic Region - Gross Regional Product 2001, Resident GRP: 1,944 million 2002, Resident GRP: 2,103 million 2003, Resident GRP: 2,193 million 2004, Resident GRP: 2,406 million 2005, Resident GRP: 2,611 million 2006, Resident GRP: 2,887 million 2007, Resident GRP: 3,037 million 2008, Resident GRP: 3,220 million 2009, Resident GRP: 3,317 million 2010, Resident GRP: 3,396 million 2011, Resident GRP: 3,404 million 2012, Resident GRP: 3,335 million 2013, Resident GRP: 3,240 million 2014, Resident GRP: 3,254 million 2015, Resident GRP: 3,477 million 2016, Resident GRP: 3,521 million 2017, Resident GRP: 3,533 million 2018, Resident GRP: 3,597 million 2019, Resident GRP: 3,575 million 2001, Industry GRP: 1,955 million 2002, Industry GRP: 2,120 million 2003, Industry GRP: 2,199 million 2004, Industry GRP: 2,412 million 2005, Industry GRP: 2,612 million 2006, Industry GRP: 2,877 million 2007, Industry GRP: 3,030 million 2008, Industry GRP: 3,207 million 2009, Industry GRP: 3,295 million 2010, Industry GRP: 3,378 million 2011, Industry GRP: 3,389 million 2012, Industry GRP: 3,318 million 2013, Industry GRP: 3,233 million 2014, Industry GRP: 3,253 million 2015, Industry GRP: 3,478 million 2016, Industry GRP: 3,509 million 2017, Industry GRP: 3,542 million 2018, Industry GRP: 3,637 million 2019, Industry GRP: 3,565 million 2001, Headline GRP: 2,988 million 2002, Headline GRP: 3,117 million 2003, Headline GRP: 3,319 million 2004, Headline GRP: 3,594 million 2005, Headline GRP: 3,716 million 2006, Headline GRP: 3,993 million 2007, Headline GRP: 4,283 million 2008, Headline GRP: 4,345 million 2009, Headline GRP: 4,464 million 2010, Headline GRP: 4,503 million 2011, Headline GRP: 4,621 million 2012, Headline GRP: 4,704 million 2013, Headline GRP: 4,627 million 2014, Headline GRP: 4,642 million 2015, Headline GRP: 4,702 million 2016, Headline GRP: 4,755 million 2017, Headline GRP: 4,690 million 2018, Headline GRP: 4,847 million 2019, Headline GRP: 4,943 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v20.2.24-1.0.0