Gunnedah Shire CouncilEconomic profile
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Gunnedah Shire

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.

Gunnedah Shire’s Gross Regional Product was $0.72 billion in the year ending June 2017, growing 7.8% 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

Gunnedah Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2017718+7.85075990.85
2016666-15.75315850.91
2015790-16.35705481.04
2014944-8.26185231.18
20131,029-1.16735281.27
20121,040+2.47005431.29
20111,016+14.66655271.26
2010887+1.96024741.27
2009870-2.76134581.34
2008894+15.36144551.35
2007776+3.55504151.33
2006750+2.55154081.26
2005731-0.65003971.26
2004736+2.04933731.32
2003722-1.64873601.35
2002734+3.15093891.31
2001711--5033921.28

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

Gunnedah Shire - Gross Regional Product
Gunnedah Shire - Gross Regional Product 2001, Resident GRP: 392 million 2002, Resident GRP: 389 million 2003, Resident GRP: 360 million 2004, Resident GRP: 373 million 2005, Resident GRP: 397 million 2006, Resident GRP: 408 million 2007, Resident GRP: 415 million 2008, Resident GRP: 455 million 2009, Resident GRP: 458 million 2010, Resident GRP: 474 million 2011, Resident GRP: 527 million 2012, Resident GRP: 543 million 2013, Resident GRP: 528 million 2014, Resident GRP: 523 million 2015, Resident GRP: 548 million 2016, Resident GRP: 585 million 2017, Resident GRP: 599 million 2001, Industry GRP: 503 million 2002, Industry GRP: 509 million 2003, Industry GRP: 487 million 2004, Industry GRP: 493 million 2005, Industry GRP: 500 million 2006, Industry GRP: 515 million 2007, Industry GRP: 550 million 2008, Industry GRP: 614 million 2009, Industry GRP: 613 million 2010, Industry GRP: 602 million 2011, Industry GRP: 665 million 2012, Industry GRP: 700 million 2013, Industry GRP: 673 million 2014, Industry GRP: 618 million 2015, Industry GRP: 570 million 2016, Industry GRP: 531 million 2017, Industry GRP: 507 million 2001, Headline GRP: 711 million 2002, Headline GRP: 734 million 2003, Headline GRP: 722 million 2004, Headline GRP: 736 million 2005, Headline GRP: 731 million 2006, Headline GRP: 750 million 2007, Headline GRP: 776 million 2008, Headline GRP: 894 million 2009, Headline GRP: 870 million 2010, Headline GRP: 887 million 2011, Headline GRP: 1,016 million 2012, Headline GRP: 1,040 million 2013, Headline GRP: 1,029 million 2014, Headline GRP: 944 million 2015, Headline GRP: 790 million 2016, Headline GRP: 666 million 2017, Headline GRP: 718 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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