Gunnedah Shire CouncilEconomic profile
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Gunnedah Shire

Gross Regional Product

Gunnedah Shire’s Gross Regional Product was $0.61 billion in the year ending June 2018, declining -7.1% 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

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
2018612-7.15095790.88
2017658+5.55295880.90
2016624-1.65265960.88
2015633-3.45015710.88
2014656-4.44945460.90
2013686+2.65055550.91
2012669+5.85165580.92
2011632+8.74885250.93
2010582+3.64424780.93
2009562+8.24244610.92
2008519+2.64244580.92
2007506-0.23934250.92
2006507+1.53894170.93
2005499+3.53784020.94
2004483+4.73533760.94
2003461-8.33403600.94
2002503-0.83773960.95
2001507--3803990.95

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

Gunnedah Shire - Gross Regional Product
Gunnedah Shire - Gross Regional Product 2001, Resident GRP: 399 million 2002, Resident GRP: 396 million 2003, Resident GRP: 360 million 2004, Resident GRP: 376 million 2005, Resident GRP: 402 million 2006, Resident GRP: 417 million 2007, Resident GRP: 425 million 2008, Resident GRP: 458 million 2009, Resident GRP: 461 million 2010, Resident GRP: 478 million 2011, Resident GRP: 525 million 2012, Resident GRP: 558 million 2013, Resident GRP: 555 million 2014, Resident GRP: 546 million 2015, Resident GRP: 571 million 2016, Resident GRP: 596 million 2017, Resident GRP: 588 million 2018, Resident GRP: 579 million 2001, Industry GRP: 380 million 2002, Industry GRP: 377 million 2003, Industry GRP: 340 million 2004, Industry GRP: 353 million 2005, Industry GRP: 378 million 2006, Industry GRP: 389 million 2007, Industry GRP: 393 million 2008, Industry GRP: 424 million 2009, Industry GRP: 424 million 2010, Industry GRP: 442 million 2011, Industry GRP: 488 million 2012, Industry GRP: 516 million 2013, Industry GRP: 505 million 2014, Industry GRP: 494 million 2015, Industry GRP: 501 million 2016, Industry GRP: 526 million 2017, Industry GRP: 529 million 2018, Industry GRP: 509 million 2001, Headline GRP: 507 million 2002, Headline GRP: 503 million 2003, Headline GRP: 461 million 2004, Headline GRP: 483 million 2005, Headline GRP: 499 million 2006, Headline GRP: 507 million 2007, Headline GRP: 506 million 2008, Headline GRP: 519 million 2009, Headline GRP: 562 million 2010, Headline GRP: 582 million 2011, Headline GRP: 632 million 2012, Headline GRP: 669 million 2013, Headline GRP: 686 million 2014, Headline GRP: 656 million 2015, Headline GRP: 633 million 2016, Headline GRP: 624 million 2017, Headline GRP: 658 million 2018, Headline GRP: 612 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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