Glenelg ShireEconomic profile
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Glenelg Shire

Gross Regional Product

Glenelg Shire’s Gross Regional Product was $0.93 billion in the year ending June 2018, declining -1.1% 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 Shire. 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

Glenelg Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018929-1.15696000.95
2017939+11.65856110.96
2016842-3.86767120.95
2015875-2.37057490.94
2014896-0.67518050.93
2013901-1.57708230.94
2012915-1.87738290.93
2011933-1.77788360.93
2010949-2.97858360.94
2009977-1.87928470.94
2008995+0.47978570.93
2007990+2.67598210.92
2006965+4.37337920.93
2005925+0.26877370.93
2004924+0.86406800.94
2003916-1.06126470.95
2002926+8.36326630.95
2001855--5876130.96

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

Glenelg Shire - Gross Regional Product
Glenelg Shire - Gross Regional Product 2001, Resident GRP: 613 million 2002, Resident GRP: 663 million 2003, Resident GRP: 647 million 2004, Resident GRP: 680 million 2005, Resident GRP: 737 million 2006, Resident GRP: 792 million 2007, Resident GRP: 821 million 2008, Resident GRP: 857 million 2009, Resident GRP: 847 million 2010, Resident GRP: 836 million 2011, Resident GRP: 836 million 2012, Resident GRP: 829 million 2013, Resident GRP: 823 million 2014, Resident GRP: 805 million 2015, Resident GRP: 749 million 2016, Resident GRP: 712 million 2017, Resident GRP: 611 million 2018, Resident GRP: 600 million 2001, Industry GRP: 587 million 2002, Industry GRP: 632 million 2003, Industry GRP: 612 million 2004, Industry GRP: 640 million 2005, Industry GRP: 687 million 2006, Industry GRP: 733 million 2007, Industry GRP: 759 million 2008, Industry GRP: 797 million 2009, Industry GRP: 792 million 2010, Industry GRP: 785 million 2011, Industry GRP: 778 million 2012, Industry GRP: 773 million 2013, Industry GRP: 770 million 2014, Industry GRP: 751 million 2015, Industry GRP: 705 million 2016, Industry GRP: 676 million 2017, Industry GRP: 585 million 2018, Industry GRP: 569 million 2001, Headline GRP: 855 million 2002, Headline GRP: 926 million 2003, Headline GRP: 916 million 2004, Headline GRP: 924 million 2005, Headline GRP: 925 million 2006, Headline GRP: 965 million 2007, Headline GRP: 990 million 2008, Headline GRP: 995 million 2009, Headline GRP: 977 million 2010, Headline GRP: 949 million 2011, Headline GRP: 933 million 2012, Headline GRP: 915 million 2013, Headline GRP: 901 million 2014, Headline GRP: 896 million 2015, Headline GRP: 875 million 2016, Headline GRP: 842 million 2017, Headline GRP: 939 million 2018, Headline GRP: 929 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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