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Dorset Council area

Gross Regional Product

Dorset Council area’s Gross Regional Product was $0.38 billion in the year ending June 2018, growing 1.5% 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 Region. 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

Dorset 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
2018376+1.51761890.93
2017371+2.81821940.94
2016361-3.42312420.96
2015374+1.92562660.96
2014367+2.02572660.97
2013359-0.52612700.97
2012361-5.42852890.99
2011382-1.82962931.01
2010389-6.22952901.02
2009415+0.63153111.01
2008412+3.63193151.01
2007398-12.52982951.01
2006455-11.23423391.01
2005512-7.63763771.00
2004554-3.84044130.98
2003576-11.44244360.97
2002651+8.14854990.97
2001602--4394520.97

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

Dorset Council area - Gross Regional Product
Dorset Council area - Gross Regional Product 2001, Resident GRP: 452 million 2002, Resident GRP: 499 million 2003, Resident GRP: 436 million 2004, Resident GRP: 413 million 2005, Resident GRP: 377 million 2006, Resident GRP: 339 million 2007, Resident GRP: 295 million 2008, Resident GRP: 315 million 2009, Resident GRP: 311 million 2010, Resident GRP: 290 million 2011, Resident GRP: 293 million 2012, Resident GRP: 289 million 2013, Resident GRP: 270 million 2014, Resident GRP: 266 million 2015, Resident GRP: 266 million 2016, Resident GRP: 242 million 2017, Resident GRP: 194 million 2018, Resident GRP: 189 million 2001, Industry GRP: 439 million 2002, Industry GRP: 485 million 2003, Industry GRP: 424 million 2004, Industry GRP: 404 million 2005, Industry GRP: 376 million 2006, Industry GRP: 342 million 2007, Industry GRP: 298 million 2008, Industry GRP: 319 million 2009, Industry GRP: 315 million 2010, Industry GRP: 295 million 2011, Industry GRP: 296 million 2012, Industry GRP: 285 million 2013, Industry GRP: 261 million 2014, Industry GRP: 257 million 2015, Industry GRP: 256 million 2016, Industry GRP: 231 million 2017, Industry GRP: 182 million 2018, Industry GRP: 176 million 2001, Headline GRP: 602 million 2002, Headline GRP: 651 million 2003, Headline GRP: 576 million 2004, Headline GRP: 554 million 2005, Headline GRP: 512 million 2006, Headline GRP: 455 million 2007, Headline GRP: 398 million 2008, Headline GRP: 412 million 2009, Headline GRP: 415 million 2010, Headline GRP: 389 million 2011, Headline GRP: 382 million 2012, Headline GRP: 361 million 2013, Headline GRP: 359 million 2014, Headline GRP: 367 million 2015, Headline GRP: 374 million 2016, Headline GRP: 361 million 2017, Headline GRP: 371 million 2018, Headline GRP: 376 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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