Livingstone ShireEconomic profile
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Livingstone Shire Council area

Gross Regional Product

Livingstone Shire Council area’s Gross Regional Product was $1.32 billion in the year ending June 2018, growing 3.0% 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

Livingstone Shire 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
20181,319+3.09131,3220.69
20171,280+1.19021,3550.67
20161,267+1.19451,4350.66
20151,254+1.29831,5430.64
20141,239+4.01,0011,5930.63
20131,191+0.41,0021,6170.62
20121,186+5.31,0031,6320.61
20111,126+2.09591,5340.63
20101,104-0.59001,4080.64
20091,109+2.59161,4060.65
20081,083+3.09011,3820.65
20071,051+7.78191,2680.65
2006977+8.27361,1330.65
2005903+7.96611,0260.64
2004836+3.25969190.65
2003811+0.35618430.67
2002808+1.45778490.68
2001797--5558030.69

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

Livingstone Shire Council area - Gross Regional Product
Livingstone Shire Council area - Gross Regional Product 2001, Resident GRP: 803 million 2002, Resident GRP: 849 million 2003, Resident GRP: 843 million 2004, Resident GRP: 919 million 2005, Resident GRP: 1,026 million 2006, Resident GRP: 1,133 million 2007, Resident GRP: 1,268 million 2008, Resident GRP: 1,382 million 2009, Resident GRP: 1,406 million 2010, Resident GRP: 1,408 million 2011, Resident GRP: 1,534 million 2012, Resident GRP: 1,632 million 2013, Resident GRP: 1,617 million 2014, Resident GRP: 1,593 million 2015, Resident GRP: 1,543 million 2016, Resident GRP: 1,435 million 2017, Resident GRP: 1,355 million 2018, Resident GRP: 1,322 million 2001, Industry GRP: 555 million 2002, Industry GRP: 577 million 2003, Industry GRP: 561 million 2004, Industry GRP: 596 million 2005, Industry GRP: 661 million 2006, Industry GRP: 736 million 2007, Industry GRP: 819 million 2008, Industry GRP: 901 million 2009, Industry GRP: 916 million 2010, Industry GRP: 900 million 2011, Industry GRP: 959 million 2012, Industry GRP: 1,003 million 2013, Industry GRP: 1,002 million 2014, Industry GRP: 1,001 million 2015, Industry GRP: 983 million 2016, Industry GRP: 945 million 2017, Industry GRP: 902 million 2018, Industry GRP: 913 million 2001, Headline GRP: 797 million 2002, Headline GRP: 808 million 2003, Headline GRP: 811 million 2004, Headline GRP: 836 million 2005, Headline GRP: 903 million 2006, Headline GRP: 977 million 2007, Headline GRP: 1,051 million 2008, Headline GRP: 1,083 million 2009, Headline GRP: 1,109 million 2010, Headline GRP: 1,104 million 2011, Headline GRP: 1,126 million 2012, Headline GRP: 1,186 million 2013, Headline GRP: 1,191 million 2014, Headline GRP: 1,239 million 2015, Headline GRP: 1,254 million 2016, Headline GRP: 1,267 million 2017, Headline GRP: 1,280 million 2018, Headline GRP: 1,319 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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