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Northern Midlands Council area

Gross product

Northern Midlands Council area's Gross Regional Product was $872m as of the 30th June 2020.

The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2002.

Gross Regional Product
Gross Regional Product 2020, Northern Midlands Council area: $872 million 2019, Northern Midlands Council area: $883 million 2018, Northern Midlands Council area: $862 million 2017, Northern Midlands Council area: $828 million 2016, Northern Midlands Council area: $817 million 2015, Northern Midlands Council area: $791 million 2014, Northern Midlands Council area: $730 million 2013, Northern Midlands Council area: $711 million 2012, Northern Midlands Council area: $724 million 2011, Northern Midlands Council area: $683 million 2010, Northern Midlands Council area: $640 million 2009, Northern Midlands Council area: $636 million 2008, Northern Midlands Council area: $620 million 2007, Northern Midlands Council area: $585 million 2006, Northern Midlands Council area: $631 million 2005, Northern Midlands Council area: $746 million 2004, Northern Midlands Council area: $791 million 2003, Northern Midlands Council area: $827 million 2002, Northern Midlands Council area: $902 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2020, Regional TAS: 139.8% 2019, Regional TAS: 141.2% 2018, Regional TAS: 136.9% 2017, Regional TAS: 132.5% 2016, Regional TAS: 131.1% 2015, Regional TAS: 130.8% 2014, Regional TAS: 129.6% 2013, Regional TAS: 128.6% 2012, Regional TAS: 129.9% 2011, Regional TAS: 129.4% 2010, Regional TAS: 127.3% 2009, Regional TAS: 126.8% 2008, Regional TAS: 123.5% 2007, Regional TAS: 120.3% 2006, Regional TAS: 116.3% 2005, Regional TAS: 114.9% 2004, Regional TAS: 111.7% 2003, Regional TAS: 106.1% 2002, Regional TAS: 105.0% 2001, Regional TAS: 100.0% 2020, Northern Midlands Council area: 102.2% 2019, Northern Midlands Council area: 103.5% 2018, Northern Midlands Council area: 101.0% 2017, Northern Midlands Council area: 97.1% 2016, Northern Midlands Council area: 95.8% 2015, Northern Midlands Council area: 92.7% 2014, Northern Midlands Council area: 85.6% 2013, Northern Midlands Council area: 83.4% 2012, Northern Midlands Council area: 84.8% 2011, Northern Midlands Council area: 80.1% 2010, Northern Midlands Council area: 75.0% 2009, Northern Midlands Council area: 74.6% 2008, Northern Midlands Council area: 72.7% 2007, Northern Midlands Council area: 68.6% 2006, Northern Midlands Council area: 74.0% 2005, Northern Midlands Council area: 87.5% 2004, Northern Midlands Council area: 92.7% 2003, Northern Midlands Council area: 97.0% 2002, Northern Midlands Council area: 105.8% 2001, Northern Midlands Council area: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
Northern Midlands Council areaRegional TAS
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeNorthern Midlands Council area as a % of Regional TAS
2020872-1.2102.217,417-1.0139.85.01
2019883+2.5103.517,591+3.1141.25.02
2018862+4.0101.017,057+3.3136.95.05
2017828+1.397.116,505+1.0132.55.02
2016817+3.495.816,337+0.2131.15.00
2015791+8.392.716,300+0.9130.84.85
2014730+2.785.616,152+0.8129.64.52
2013711-1.783.416,017-1.0128.64.44
2012724+5.984.816,180+0.4129.94.47
2011683+6.880.116,121+1.6129.44.24
2010640+0.675.015,866+0.4127.34.03
2009636+2.674.615,795+2.7126.84.03
2008620+6.072.715,381+2.6123.54.03
2007585-7.368.614,986+3.4120.33.90
2006631-15.474.014,489+1.3116.34.36
2005746-5.687.514,309+2.8114.95.21
2004791-4.492.713,914+5.3111.75.68
2003827-8.397.013,219+1.1106.16.26
2002902+5.8105.813,077+5.0105.06.90
2001853--100.012,458--100.06.85

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions)

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2020, Average annual growth rate: 0.8% 2019, Average annual growth rate: 0.8% 2018, Average annual growth rate: 0.8% 2017, Average annual growth rate: 0.8% 2016, Average annual growth rate: 0.8% 2015, Average annual growth rate: 0.8% 2014, Average annual growth rate: 0.8% 2013, Average annual growth rate: 0.8% 2012, Average annual growth rate: 0.8% 2011, Average annual growth rate: 0.8% 2010, Average annual growth rate: 0.8% 2009, Average annual growth rate: 0.8% 2008, Average annual growth rate: 0.8% 2007, Average annual growth rate: 0.8% 2006, Average annual growth rate: 0.8% 2005, Average annual growth rate: 0.8% 2004, Average annual growth rate: 0.8% 2003, Average annual growth rate: 0.8% 2020, Regional TAS: -1.0% 2019, Regional TAS: 3.1% 2018, Regional TAS: 3.3% 2017, Regional TAS: 1.0% 2016, Regional TAS: 0.2% 2015, Regional TAS: 0.9% 2014, Regional TAS: 0.8% 2013, Regional TAS: -1.0% 2012, Regional TAS: 0.4% 2011, Regional TAS: 1.6% 2010, Regional TAS: 0.4% 2009, Regional TAS: 2.7% 2008, Regional TAS: 2.6% 2007, Regional TAS: 3.4% 2006, Regional TAS: 1.3% 2005, Regional TAS: 2.8% 2004, Regional TAS: 5.3% 2003, Regional TAS: 1.1% 2020, Northern Midlands Council area: -1.2% 2019, Northern Midlands Council area: 2.5% 2018, Northern Midlands Council area: 4.0% 2017, Northern Midlands Council area: 1.3% 2016, Northern Midlands Council area: 3.4% 2015, Northern Midlands Council area: 8.3% 2014, Northern Midlands Council area: 2.7% 2013, Northern Midlands Council area: -1.7% 2012, Northern Midlands Council area: 5.9% 2011, Northern Midlands Council area: 6.8% 2010, Northern Midlands Council area: 0.6% 2009, Northern Midlands Council area: 2.6% 2008, Northern Midlands Council area: 6.0% 2007, Northern Midlands Council area: -7.3% 2006, Northern Midlands Council area: -15.4% 2005, Northern Midlands Council area: -5.6% 2004, Northern Midlands Council area: -4.4% 2003, Northern Midlands Council area: -8.3%
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
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