Murchison AreaEconomic profile
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Murchison Area

Gross Regional Product

Murchison Area’s Gross Regional Product was $1.95 billion in the year ending June 2018, declining -0.2% 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 Area. 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

Murchison Area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20181,949-0.27027320.96
20171,953+1.17257640.95
20161,931-3.48829430.94
20152,000+5.09601,0290.93
20141,905-1.09661,0360.93
20131,925-7.09841,0480.94
20122,070+4.91,0481,1200.94
20111,973-0.21,0441,1400.92
20101,978+2.51,0191,1220.91
20091,929+4.21,0561,1720.90
20081,851+3.11,0321,1640.89
20071,796+13.79681,1000.88
20061,579+5.09361,0490.89
20051,503+2.78429460.89
20041,46407748640.89
20031,463-2.27308020.91
20021,496+10.47257860.92
20011,355--6997520.93

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

Murchison Area - Gross Regional Product
Murchison Area - Gross Regional Product 2001, Resident GRP: 752 million 2002, Resident GRP: 786 million 2003, Resident GRP: 802 million 2004, Resident GRP: 864 million 2005, Resident GRP: 946 million 2006, Resident GRP: 1,049 million 2007, Resident GRP: 1,100 million 2008, Resident GRP: 1,164 million 2009, Resident GRP: 1,172 million 2010, Resident GRP: 1,122 million 2011, Resident GRP: 1,140 million 2012, Resident GRP: 1,120 million 2013, Resident GRP: 1,048 million 2014, Resident GRP: 1,036 million 2015, Resident GRP: 1,029 million 2016, Resident GRP: 943 million 2017, Resident GRP: 764 million 2018, Resident GRP: 732 million 2001, Industry GRP: 699 million 2002, Industry GRP: 725 million 2003, Industry GRP: 730 million 2004, Industry GRP: 774 million 2005, Industry GRP: 842 million 2006, Industry GRP: 936 million 2007, Industry GRP: 968 million 2008, Industry GRP: 1,032 million 2009, Industry GRP: 1,056 million 2010, Industry GRP: 1,019 million 2011, Industry GRP: 1,044 million 2012, Industry GRP: 1,048 million 2013, Industry GRP: 984 million 2014, Industry GRP: 966 million 2015, Industry GRP: 960 million 2016, Industry GRP: 882 million 2017, Industry GRP: 725 million 2018, Industry GRP: 702 million 2001, Headline GRP: 1,355 million 2002, Headline GRP: 1,496 million 2003, Headline GRP: 1,463 million 2004, Headline GRP: 1,464 million 2005, Headline GRP: 1,503 million 2006, Headline GRP: 1,579 million 2007, Headline GRP: 1,796 million 2008, Headline GRP: 1,851 million 2009, Headline GRP: 1,929 million 2010, Headline GRP: 1,978 million 2011, Headline GRP: 1,973 million 2012, Headline GRP: 2,070 million 2013, Headline GRP: 1,925 million 2014, Headline GRP: 1,905 million 2015, Headline GRP: 2,000 million 2016, Headline GRP: 1,931 million 2017, Headline GRP: 1,953 million 2018, Headline GRP: 1,949 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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