Gunnedah Shire CouncilEconomic profile
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Gunnedah Shire

Gross Regional Product

Gunnedah Shire’s Gross Regional Product was $0.68 billion in the year ending June 2019, declining -7.2% 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
2019677-7.24775320.90
2018729-6.25135560.92
2017777+2.75445790.94
2016757-4.05135900.87
2015788-2.45105830.88
2014807-6.45055620.90
2013863+1.95105600.91
2012846+9.35055490.92
2011774+10.04825200.93
2010704+6.64474820.93
2009660+11.24244610.92
2008594+6.04084430.92
2007560+0.23834150.92
2006559+0.93774060.93
2005554+2.33764030.93
2004542+4.33673900.94
2003520-7.13653860.94
2002559-0.23954150.95
2001561--3874080.95

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

Gunnedah Shire - Gross Regional Product
Gunnedah Shire - Gross Regional Product 2001, Resident GRP: 408 million 2002, Resident GRP: 415 million 2003, Resident GRP: 386 million 2004, Resident GRP: 390 million 2005, Resident GRP: 403 million 2006, Resident GRP: 406 million 2007, Resident GRP: 415 million 2008, Resident GRP: 443 million 2009, Resident GRP: 461 million 2010, Resident GRP: 482 million 2011, Resident GRP: 520 million 2012, Resident GRP: 549 million 2013, Resident GRP: 560 million 2014, Resident GRP: 562 million 2015, Resident GRP: 583 million 2016, Resident GRP: 590 million 2017, Resident GRP: 579 million 2018, Resident GRP: 556 million 2019, Resident GRP: 532 million 2001, Industry GRP: 387 million 2002, Industry GRP: 395 million 2003, Industry GRP: 365 million 2004, Industry GRP: 367 million 2005, Industry GRP: 376 million 2006, Industry GRP: 377 million 2007, Industry GRP: 383 million 2008, Industry GRP: 408 million 2009, Industry GRP: 424 million 2010, Industry GRP: 447 million 2011, Industry GRP: 482 million 2012, Industry GRP: 505 million 2013, Industry GRP: 510 million 2014, Industry GRP: 505 million 2015, Industry GRP: 510 million 2016, Industry GRP: 513 million 2017, Industry GRP: 544 million 2018, Industry GRP: 513 million 2019, Industry GRP: 477 million 2001, Headline GRP: 561 million 2002, Headline GRP: 559 million 2003, Headline GRP: 520 million 2004, Headline GRP: 542 million 2005, Headline GRP: 554 million 2006, Headline GRP: 559 million 2007, Headline GRP: 560 million 2008, Headline GRP: 594 million 2009, Headline GRP: 660 million 2010, Headline GRP: 704 million 2011, Headline GRP: 774 million 2012, Headline GRP: 846 million 2013, Headline GRP: 863 million 2014, Headline GRP: 807 million 2015, Headline GRP: 788 million 2016, Headline GRP: 757 million 2017, Headline GRP: 777 million 2018, Headline GRP: 729 million 2019, Headline GRP: 677 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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