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Cumberland Council area

Gross Regional Product

Cumberland Council area’s Gross Regional Product was $11.00 billion in the year ending June 2018, declining -2.4% 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 Council. 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

Cumberland 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
201811,003-2.49,1059,5560.95
201711,271+1.68,9719,2180.97
201611,094+6.88,7298,9630.97
201510,385+0.88,6659,0850.95
201410,299-0.38,3658,6240.97
201310,331+2.38,2298,3440.99
201210,102+2.38,3738,4640.99
20119,877+3.68,0598,1420.99
20109,534+0.77,6287,5141.02
20099,470-0.17,6827,3931.04
20089,480+3.17,7897,2951.07
20079,198+1.67,4706,8551.09
20069,054+0.57,2106,4871.11
20059,013-0.27,0816,2771.13
20049,034+2.66,7905,9401.14
20038,807+3.26,4885,5891.16
20028,536+0.96,4665,4721.18
20018,457--6,4565,4341.19

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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

Cumberland Council area - Gross Regional Product
Cumberland Council area - Gross Regional Product 2001, Resident GRP: 5,434 million 2002, Resident GRP: 5,472 million 2003, Resident GRP: 5,589 million 2004, Resident GRP: 5,940 million 2005, Resident GRP: 6,277 million 2006, Resident GRP: 6,487 million 2007, Resident GRP: 6,855 million 2008, Resident GRP: 7,295 million 2009, Resident GRP: 7,393 million 2010, Resident GRP: 7,514 million 2011, Resident GRP: 8,142 million 2012, Resident GRP: 8,464 million 2013, Resident GRP: 8,344 million 2014, Resident GRP: 8,624 million 2015, Resident GRP: 9,085 million 2016, Resident GRP: 8,963 million 2017, Resident GRP: 9,218 million 2018, Resident GRP: 9,556 million 2001, Industry GRP: 6,456 million 2002, Industry GRP: 6,466 million 2003, Industry GRP: 6,488 million 2004, Industry GRP: 6,790 million 2005, Industry GRP: 7,081 million 2006, Industry GRP: 7,210 million 2007, Industry GRP: 7,470 million 2008, Industry GRP: 7,789 million 2009, Industry GRP: 7,682 million 2010, Industry GRP: 7,628 million 2011, Industry GRP: 8,059 million 2012, Industry GRP: 8,373 million 2013, Industry GRP: 8,229 million 2014, Industry GRP: 8,365 million 2015, Industry GRP: 8,665 million 2016, Industry GRP: 8,729 million 2017, Industry GRP: 8,971 million 2018, Industry GRP: 9,105 million 2001, Headline GRP: 8,457 million 2002, Headline GRP: 8,536 million 2003, Headline GRP: 8,807 million 2004, Headline GRP: 9,034 million 2005, Headline GRP: 9,013 million 2006, Headline GRP: 9,054 million 2007, Headline GRP: 9,198 million 2008, Headline GRP: 9,480 million 2009, Headline GRP: 9,470 million 2010, Headline GRP: 9,534 million 2011, Headline GRP: 9,877 million 2012, Headline GRP: 10,102 million 2013, Headline GRP: 10,331 million 2014, Headline GRP: 10,299 million 2015, Headline GRP: 10,385 million 2016, Headline GRP: 11,094 million 2017, Headline GRP: 11,271 million 2018, Headline GRP: 11,003 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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